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Founder Institute Closes Admission Portal on June 2nd 2019

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The Founder Institute (FI) a startup launch program that provides an intensive step-by-step curriculum for anyone who desires to build an impactful company, with help from some highly experienced startup founders, has announced the 2019 semester admission deadline.

 

Chukwuemeka Fred Agbata Jnr. “CFA”, Co-Director, Founder Institute Lagos, disclosed this in a statement released on Monday, in Lagos.

 

Agbata stated that the 2019 semester admission deadline is Sunday, June 2, 2019, noting that the cohort takes place weekly from Tuesday, June 6, 2019 until Tuesday, September 17, 2019 at GoDo.ng Hub, Ikeja GRA, Lagos.

 

In his words, ”with over 400 applications, 200+ accepted and 20+ paid founders, FI has been well received in Lagos by numerous founders.

 

“This is largely due to the fact that FI provides a proven, structured process towards startup launch in a way that increases chances of success.

 

“In addition to the fact that it has a global network and rugged curriculum that will shake, discipline, test but ultimately make you and your idea more market ready.”

 

Who is Founder Institute meant for?

 

Anyone who currently has a job but looking to Transit

 

The Founder Institute can help anyone validate their startup ideas, find co-founders and team members, and begin building their business before they take the risk of quitting their jobs.Click here to read the experience of JillieneHelman– an FI Graduate and Founder of Realty Mogul, one of the fastest growing real estate tech platforms in the world.

 

Anyone at the idea or pre-idea stage

 

FI can provide anyone interested with a structured process to improve their ideas, launch their company, and begin developing their product with the help of expert mentors and entrepreneurs.Click here to read the experience of DaanWeddenpohl – an FI Graduate and Founder of Peerby, a popular peer-to-peer lending app in Europe.

 

Anyone with previous experience in building a company

 

Such people can leverage the Founder Institute’s mentor and partner network to refine their offerings, recruit advisors, prepare for seed funding, and launch a global company.Click here to read the experience of Do Tuan Anh – an FI Graduate and Founder of Appota, a leading content distribution platform in Southeast Asia.

 

If you are interested and would like to learn more, visit our Overview Page, or complete an application on this portal.

 

Here is a testimonial from an FI graduate who went through the 14 weeks of the program and have this to say; “when I joined I had a vague vision of what business I wanted to create, but it was through the Founder Institute that I was able to turn this vague vision into a precise and concise idea, and turn that idea into a running business.

 

“I don’t think there’s another program that can provide that guidance”.

 

Founder Institute is the largest pre-seed accelerator in the world with 4k+ graduates, $800M+ funding, founders with $20B+ valuation and presently in 180+ cities including Lagos.

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Telcos Record N27Bn Loss from Damaged Fibre Cables

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Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg.

Telcos Record N27Bn Loss from Damaged Fibre Cables

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show.

On Feb. 28, a cut in its network in three different locations by a road construction firm, an oil serving company, and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than N11bn —enough to build 870 kilometers of new fiber lines in areas without coverage.

Broadband fibre optic cables form the backbone of modern communication infrastructure, enabling the high-speed data transmission that underpins a wide range of personal, business, and societal activities.

On several occasions, the Nigerian Communications Commission (NCC), the industry regulator, has acknowledged this challenge and expressed willingness to work on measures to address it.

These measures include stricter regulations to deter vandalism and improved collaboration between telcos and government agencies responsible for construction activities.

According to the NCC, the telecom sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5 per cent in the third quarter of last year.


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NCAIR Relaunch: Pantami, Tijani Fight for Credit

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Isa Pantami, former minister of Communications and Digital Economy, has voiced his discontent over the relaunch of the National Centre for Artificial Intelligence and Robotics (NCAIR) by Bosun Tijani, his successor.

Isa Pantami, former minister of Communications and Digital Economy,

Tijani announced the revitalization of NCAIR, highlighting enhancements in its capacity and partnerships with global tech firm Cisco.

However, Pantami took to social media to assert that NCAIR was already established during his tenure in November 2020, dubbing it “the first of its kind in Africa” and emphasizing its effectiveness in training numerous Nigerians.

Tijani responded by detailing the new initiatives accompanying the relaunch, including increased computing infrastructure, dedicated research labs, and remote connectivity for AI hubs across the country. He also unveiled outcomes from the Ministry’s National AI Workshop, such as the country’s first Multilingual Large Language Model and partnerships aimed at accelerating AI development projects of national significance.

The exchange between Pantami and Tijani underscores ongoing efforts to advance AI research and application in Nigeria while navigating questions of continuity and leadership transition within the Ministry.

 


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ABoICT Lecture 2024 to Focus on Artificial Intelligence (AI) In A Digital Economy

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This year’s Africa’s Beacon of ICT Merit and Leadership lecture will focus on the role of artificial intelligence in a digital economy with the theme: “Artificial Intelligence (AI): The Good, The Complex and The Anticipated”.

The lecture which will herald Africa’s Beacon of ICT Merit and Leadership Awards hold on May 25, 2024 at Four Points by Sheraton.

The sixteenth edition of the award ceremony according Ken Nwogbo, editor-in-chief of Nigeria CommunicationsWeek the organizers of the event, “is a special edition to recognize and celebrate organizations and individuals in the ICT industry that have been distinguished in delivery innovative services in the sector.

“Most of these organizations and individuals have consistently being voted by our readers as leaders in their areas of operations and we have decided to reward them in this especial edition”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth.

“However, unlike traditional machines, which replaced the use of human and animal labor for simple manual work and heavy or dangerous activities, AI-related inputs may change the type of human work in a comprehensive way.

“In contrast to previous industrial revolutions, AI does not simply involve the invention of a new machine or technology. Instead, AI has similarities to the accumulation of human capital, as it can learn and accumulate knowledge by itself,” he said.

The Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.

The lecture series however is reserved for distinguished achievers in the ICT sector.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; among others.


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