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NIPC partners Isreali Embassy on i-FAIR 2021/22

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NIPC partners Isreali Embassy on i-FAIR 2021/22

The Nigerian Investment Promotion Commission (NIPC) says it is partnering with the Israeli Embassy in Abuja on the Innovation Scholarship for Aspiring Investors and Researchers (i-FAIR) 2021/22.

The Acting Executive Secretary / CEO of NIPC, Mr. Emeka Offor, revealed this when he led a team of commission staff on a courtesy visit to the embassy in Abuja.

According to a statement issued Sunday by Awurum, Head of Press and Protocol, NIPC, the event is scheduled for December 7 at the Skill “G” Innovation Center, Abuja.

NIPC said the association would explore viable options that could position the country as a preferred investment destination for investors.

According to him, Nigeria has the largest number of startups in Africa and a dominant force in the tech space, but falls short on critical elements that help startups prosper beyond their founding.

“These critical elements, such as digital infrastructure and lack of investment, require the commitment of investors and the initial support that the Government of Israel through the i-FAIR initiative is bridging.

“We are hopeful that the spread will expand and we will raise awareness about the facility among our development partners,” Offor said.

The i-FAIR initiative was created between the Skill G Innovative Center of the Israeli Embassy and the Government of Nigeria.

The initiative aims at 5 areas of focus: agriculture and food safety, food technology, renewable energy / environmental management, medical devices / simulation and social responsibility / solutions for personal responsibilities.

The first phase of the program has concluded, while the second is currently underway.

Speaking previously, Mr. Yotam Kreiman, Deputy Chief of Mission and Consul of the State of Israel in Nigeria, expressed his appreciation for the support received from the Federal Government.

“The Vice President, Professor Yemi Osinbajo, has been fantastic, as have the key stakeholders, ministries, departments and government agencies,” Kreiman said.

He said i-FAIR was created to provide a platform for Nigerian innovators to unleash and channel their creativity into smart solutions, products and prototypes.

Kreiman added that the next program will feature 50 rigorously scrutinized and selected start-ups, which upon completion will be exposed to investors and mentors to help ensure their growth and sustainability.

“The project will cost $ 300,000,” he said.

According to Kreiman, Abuja’s Skill “G” Innovation Center is one of the best in the world and boasts the latest tech-savvy teams with manned brains from Israel and Nigeria with proven backgrounds in academia and science.

He stressed that candidate sponsorship at the center is open to all development organizations and individuals who intend to use the facilities.

“In fact, we are very proud of this center, the only one affiliated with an Israeli mission in the entire world,” he said.

Source: NAN

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