Wema Bank has unveiled the sixth edition of its flagship innovation initiative, Hackaholics 6.0, themed “Beyond Algorithms: Engineering Disruptive Innovation.” This program aims to foster technological advancements across Africa by focusing on sectors such as artificial intelligence, blockchain, renewable energy, customer experience, and cybersecurity.
For the first time, Hackaholics 6.0 will extend beyond Nigeria, with activations planned in key African tech hubs, including Accra, Ghana, and Kigali, Rwanda.
The initiative includes regional hackathons across Nigeria’s six geopolitical zones, culminating in a grand finale. Finalists will have the opportunity to join an accelerator program, gaining access to resources and potential funding.
For this year, Wema Bank has introduced two new tracks, namely:
- The Hackathon – Where developers and tech teams build innovative solutions in a fast-paced coding competition.
- The Startup Pitch Competition – A platform for entrepreneurs to showcase their groundbreaking ideas to investors and industry experts.
Challenge Areas
- Fraud Detection
- Customer Experience
- Onboarding and Acquisition
- Credit Management
Benefits
- Cash Prizes & Funding: The prize pool for the Wema Bank Hackaholics was increased last year. Perhaps same will be done this year.
- Mentorship from Industry Experts
- Access to Bank APIs & Tech Tools
- Recognition & Exposure
- Internship & Job Opportunities
- Career & Networking Opportunities
Programme Structure
- Application Phase
Developers, designers, and problem-solvers from across the country can apply to be part of Hackaholics.
- Regional Preliminaries
Shortlisted teams will compete in different regions, refining their solutions under mentorship from industry experts.
The best teams from the regional preliminaries will present their solutions to a panel of judges, including top executives and tech leaders.
- Grand Finale
Winners receive cash prizes, funding, and mentorship. Outstanding solutions may be considered for further development with Wema Bank.
Click here to apply, as the deadline for Wema Bank Hackaholics is near. Kindly apply so that you can be among the startups that get to participate in the Hackathon. You might be a winner!
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