26.1 C
Saturday, April 1, 2023

FUTA Students Win 2022 WEMA Bank HACKAHOLICS Competition

FUTA Students Win 2022 WEMA Bank HACKAHOLICS Competition: A Team from the Federal University of Technology Akure, FUTA has won the 2022 HACKAHOLICS Competition sponsored by Wema Bank .The competition, Hackaholics, hosted by ALAT under the aegis of Wema Bank allows start-ups to pitch their unique business solutions for a grand cash prize of 5 million Naira and other business support (including technical).Team FUTA made up of Ige Shalom Oluwaseun , Otobo Nemi Richard , Abisuwa Oluwadunsin Timothy, Agunbiade Temitope Comfort , and Jumbo Tamarapreye Toluwanimi all Year Four students studying Industrial and Production Engineering and Mechanical Engineering respectively fended off challenges from Teams from University of Ilorin and the University of Lagos to emerge the overall best and winner of the Grand Prize.

The Bank selected 3 institutions with a budding community of Tech Talents which include Babcock University, the University of Lagos, and the Federal University of Technology, Akure for the Preliminaries. Over 770 entries were received nationwide for the competition . These were pruned and teams for the Preliminaries were selected.

READ ALSO: UWE Millennium Scholarship For International Students

The pitch preliminaries were held in FUTA on February 15&16, 2022, with over 200+ entries with three teams qualifying for the grand finale in Lagos from the Centre.

The three teams, ROOMME, XPRESS, and TRADDEX presented brilliant ideas and superb business models and were picked as Representatives of FUTA Centre

The grand finale was held on May 2, 2022, at the Wema Bank Training School, Ilupeju Lagos, where the best nine teams from the three locations – Babcock, University of Lagos and FUTA- pitched their business ideas.

Nokia Nigeria Recruitment 2020/2021 Application Form & How to Apply

The ideas were judged by Ibifuro Apiafi, Chuba Ezekwesili, Joel Ogunsola, and Olamide Oladele, investors and the general populace who were available at the scene.

Team ROOMME from FUTA was adjudged as the Team with the best idea and declared as winner of the first position with a grant of 2.5 million Naira. Team Kodar Tech from the University of Ilorin emerged the second position with the sum of 1.5 million Naira, and team Ajovest from the University of Lagos emerged the third position winning the sum of 1 million Naira.

RELATED: FUTA Students Showcase Technology Prowess At Hackaholics 3.0

Team Roomme’s business aims to solve the housing problems of the society.

ROOMME is an online platform that matches individuals with apartments and potential roommates BASED ON UNIQUE PREFERENCES determined via digital configurations .

The Vice Chancellor, Professor Joseph Fuwape has congratulated members of the team describing them as Worth ambassadors of FUTA. ” I am elated that students of FUTA have continued on the path of Excellence and Contributing to proffering solutions to real societal problems . Members of Team Roomme have done our University proud and their names will be recorded in our Hall of Fame,” Professor Fuwape said.

Related Articles

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Follow us on social


Popular Articles

Latest Articles

Would love your thoughts, please comment.x