The IEEE GCAIoT has officially launched another version of its flagship program, Africa Iot & AI Challenge during the closing ceremony of IEEE GCAIoT 2020 in Dubai. A challenge that will receive great support from both WAKANDAI Ventures & Benya Capital.
The Institute of Electrical & Electronics Engineers (IEEE) a global, US-based organization is behind the upcoming event on the African continent.
The program takes participants through workshops and training as well as providing them with all the necessary support.
Just after receiving the necessary training, participants compete in the local finals; then, winners of each country get qualified into the regional finals that take place annually within the activities of the IEEE Global Conference on Artificial Intelligence and Internet of Things (GCAIoT) at Dubai in December.
The president of IEEE TEMS in a statement said, ‘In TEMS, we focus on people, and our collective tagline is “Leaders Enabling Products/Services for Good”. Along with technology, we need exceptional talents for Innovation and Entrepreneurship, which is important for creating socially impactful products and services.
He added that, the IoT & AI Challenge is largely designed to encourage young talents to take on the challenges that can create an impact for humanity, which is also the tagline of IEEE. Noting that they were not just organizing the challenge but also providing the youth with all the necessary knowledge and insights into the tech industry that’s happening through their “IoT & AI Knowledge Hub”.
The aim of the Africa IoT & Challenge is to build qualified calibers in the technologies of industry 4.0 in Africa
This challenge is being launched after a successful campaign of the Arab Iot & AI Challenge in partnership with many regional and local partners all over the MENA region.
Eng. Ahmed El Beheiry, the founder of WAKANDAI Ventures, said, “WAKANDAI is committed to bringing IoT & AI solutions & applications to the African communities. We are pleased to announce that the Africa Iot & AI Challenge is supported by IEEE TEMS organization and the sponsorship of Africa’s prominent digital transformation group “Benya Capital”.
In confirming their venture’s support for the challenge, Eng. Ahmed Mekky, Chairman & CEO of Benya Capital, affirmed that Benya Venture which is the dedicated investment fund, technology incubator & startup accelerator arm of Benya Capital, was proud to be the sponsor of the Africa IoT & AI Challenge.
Benya Capital says they are committed to enabling the digital transformation of African nations and digitally uniting the MENA region.
Applications to Africa Iot & AI Challenge will be communicated in due course.
The Global Tommy Hilfiger Fashion Frontier Challenge Calls for Applicants, Chance to Win €200K
Tommy Hilfiger announces launch its third annual global Tommy Hilfiger Fashion Frontier Challenge, supporting entrepreneurial startup and scale-up stage companies developing solutions and making the fashion landscape more inclusive.
Its mission according Tommy Hilfiger, is creating a fashion that Wastes Nothing and Welcomes All. The fashion frontier challenge will support entrepreneurs who are standing up for what they believe in and are committing to driving change in their communities.
The prizes for winners of the Tommy Hilfiger Fashion Frontier Challenge aim at ﬁnancing and providing knowledge to grow their business ideas.
Launched in 2018, the third edition of the this fashion challenge endeavours to support black, indigenous and people of color entrepreneurs, especially those working to advance their communities and nurture a more inclusive future of fashion.
After the outdooring of the initiative Mr Tommy Hilger said that,
“I have been inspired by this talented group of social entrepreneurs whose innovations are making the fashion landscape more inclusive and sustainable.”
All interested fashion entrepreneurs are welcome to submit their applications which focus on creating an inclusive fashion value-chain.
Successful applicants are going to be narrowed down to six finalists and invited to virtually develop their project plans with the assistance of dedicated Tommy Hilfiger and external subject matter experts. There will be coaching from an experienced pitch coach, and the finalists will pitch their final concept to a prestigious jury panel and associate audience at the worldwide Tommy Hilfiger Fashion Frontier Challenge final event, slated for early 2022.
What does Tommy Hilfiger consider a startup and a scale-up?
The Startup: The business should be in its early stages, it’s yet to reach product-market fit, still experimenting with customer segmentation and working toward overall positive contribution margin but you are making some revenue.
The Scaleup: The company has a validated product with product-market fit with a clear and sustainable unit economics (outlook), and it is in a growth-mode. You must have made revenue for at least a year.
- After applying, successful applicants will be notified in June 2021 to progress to the second round of the Tommy Hilfiger Fashion Frontier Challenge.
- Once selected, participants provide additional information regarding their business enterprise, including a one-minute pitch video.
Note: Applications should be in English and business pitch also in English.
Progressing further will be six (6) finalists who are invited to further develop their business or project plans during a digital Design Sprint with the support of a team of dedicated internal Tommy Hilfiger associates and external specialists in October 2021.
Each finalist will pitch their concept at the global Tommy Hilfiger Fashion Frontier Challenge final event in early 2022, with a chance to win the prize package.
The Prize Package
- Win up to €200,000 and a chance at an additional €15,000 prize for winning the “Audience Favorite Vote”
- A year-long mentorship with Tommy Hilfiger’s internal experts globally and access to Tommy Hilfiger’s network brand association
- A place on the INSEAD Social Entrepreneurship Program (ISEP)
- Year-long INSEAD mentorship
The Tommy Hilfiger Fashion Frontier Challenge application closes at midnight of 8th March, 2021.
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