The NasruLahi-l-Fatih Society (NASFAT) says the stage is set for 10 successful quarter finalists to compete for the 10,000 dollars winner’s prize in the maiden edition of its BUILD (BUsiness Incubation LaunchpaD) Initiative.
Mr Fatai Olayemi, the Chairperson of the Initiative, made this known in a statement on Tuesday.
According to Olayemi, BUILD is a way of seeking entrepreneurs and startups with innovative solutions, entrepreneurial mindset and can-do spirit.
“BUILD is also a big idea or solution that has the potential to positively impact Muslims, Muslim communities and the world at large,” he said.
He said, “It is to create funding and mentoring opportunities for young Muslim entrepreneurs and startups with innovative solutions aligned with the HELD agenda of the Society.”
The chairperson of the Initiative said that the 10 quarter finalists would undergo a virtual boot camp.
He said that they would showcase their solutions before a virtual pitch event involving a judging panel made up of industry experts, leading to announcement of winners in September 2020.
Olayemi said: “The winning pitch will get a 10,000 dollars investment from NASFAT, as well as potential investments by other angel investors, mentorship from renown entrepreneurs, industry linkages.
“It will also provide access to experts, access into incubator/accelerator husband accounting and legal support from the NASFAT Secretariat for 12 months.
“The 10 quarter finalists, out of many that submitted applicants are: Abideen Opeyemi Olasupo and Taibat Hussain Aduragba of OPAB Gas Station.
“Sodiq Ade Balogun of STEM Tutor; Bola Shakirah Ramos of Fashion Waste Recycling and Upcycling; Olayiwola Muhammad Jamiu of Autospect-Pre-purchase Vehicle Inspection Service.
Edited By: Olagoke Olatoye (NAN)