TechInAfrica – The Nigerian Stock Exchange (NSE) has opened applications for the inaugural edition of X-Kathon. The current edition goes under the theme of Millennials Participation in the Capital Market aiming at increasing retail investors’ contribution to the capital market.
The contest is opened to talented individuals, teams, and ventures in the tech sectors which have great potential for growth in the Nigerian capital market. Interested candidates must submit their innovative ideas, tech solutions, and hacks to overcome the low contribution of millennials in the capital market. The submission process ends tomorrow.
Submitted applications will be reviewed carefully in order to get the best candidates. Only 10 entries will be selected and invited to a boot camp. The grand finale of the contest will take place on October 24th, 2019.
The overall winner of the contest will get the N5,000,000. On the other hand, the second runner ups will receive N3,000,000 and N2,000,000 million, respectively.
“Technology remains an essential enabler for growth in the Nigerian capital market. While the banking sector has witnessed an increased level of innovation and disruption, leading to the creation of more value for customers, the capital market is yet to experience the same wave of change,” said John Nsikak, Head Enterprise Innovation Hub at NSE, speaking about the contest.
He continued, “At the NSE, we intend to change this narrative by leveraging X-Kathon as one of the platforms to crowdsource ideas and solutions that will catalyze innovation and startups’ participation in our market. With X-Kathon, NSE is inspiring stakeholders in the FinTech industry to solve participation challenges in a fun and pragmatic way through the development of simple, yet meaningful solutions.”
Submit your creative ideas to http//buff.ly/2V451tF. For further details about the competition, please click here.