Hackaholics 6.0 is the latest edition of Wema Bank’s flagship innovation and technology competition, created to discover, empower, and support Nigeria’s brightest tech innovators. As one of the most dynamic hackathon programs in the country, Hackaholics is more than just a competition—it’s a movement fostering digital transformation across Nigeria. The program serves as a springboard for forward-thinking individuals and startups who are using technology to solve everyday problems, improve access to essential services, and accelerate the country’s progress in key sectors like education, finance, health, and agriculture.
Since its inception, Hackaholics has grown to become a respected platform that nurtures innovation, creativity, and entrepreneurship. Hackaholics 6.0 continues this tradition by inviting students, developers, techpreneurs, and creatives to come together and design groundbreaking solutions. The competition not only provides financial support to winners but also gives participants access to mentorship, networking opportunities, and the chance to integrate their solutions into Wema Bank’s digital ecosystem or scale them in real-world settings.
This edition of Hackaholics is centered around fostering inclusion, sustainability, and scalability. Participants are encouraged to align their ideas with the broader goals of social impact and digital innovation. Wema Bank, with its progressive tech vision and commitment to youth empowerment, is positioning Hackaholics as a launchpad for the next generation of Nigeria’s tech leaders.
Name of Organizer:
Wema Bank Plc
Requirements/Eligibility:
To ensure inclusivity and encourage broad participation, Hackaholics 6.0 maintains open and accessible entry criteria. Below are the eligibility requirements:
1. Nationality:
– Open to Nigerian citizens and legal residents currently living in Nigeria.
2. Age Requirement:
– Applicants must be 18 years or older at the time of submission.
3. Applicant Categories:
– Individual tech enthusiasts and developers
– Student innovators
– Startup founders and early-stage ventures
– Teams of innovators, including university or tech hub groups
4. Innovation Scope:
Participants are encouraged to submit innovative ideas or solutions aligned with one or more of the following themes:
– Financial Technology (Fintech): Improving digital finance, banking services, and inclusion.
– HealthTech:Developing accessible, affordable, and innovative healthcare delivery solutions.
– AgriTech: Solutions to boost agricultural productivity, reduce food insecurity, and optimize supply chains.
– EdTech: Improving learning access, engagement, and education outcomes using technology.
– Sustainability: Green tech, renewable energy, and digital solutions addressing environmental challenges.
5. Team Composition:
– Individuals may apply, but teams are encouraged. Each team can have up to five (5) members.
– Diversity in team composition (gender, discipline, skills) is highly encouraged.
6. Technical Capability:
– Teams should demonstrate the capacity to develop a prototype or proof of concept during the program timeline.
7. Location:
– Though primarily hosted in Nigeria, some stages of the competition may be virtual or hybrid to accommodate wider participation.
Prize:
Hackaholics 6.0 offers a robust prize pool and multiple awards, providing both financial support and opportunities for long-term growth:
1. Main Prizes:
– First Prize: ₦30 million worth of funding, business support, and technology tools.
– Second Prize: ₦20 million in cash and strategic support.
– Third Prize: ₦15 million for product development and scaling.
2. Special Category Awards:
– Best Women-led Team: ₦10 million to support female entrepreneurship in tech.
– University STEM Endowment: ₦15 million allocated to academic institutions with outstanding STEM project entries.
3. Additional Benefits:
– Mentorship from industry leaders in fintech, health, and education.
– Access to product development resources and Wema Bank’s innovation hub.
– Visibility through media coverage, pitch showcases, and investor networking events.
– Potential integration with Wema Bank or ALAT platforms for further scaling.
Generally applicants are required to:
– Create a team profile (if applicable)
– Submit an innovation idea with a brief proposal
– Provide contact and background details
– Indicate which sector or problem area the solution addresses
Applicants selected for the next round will be invited to participate in hackathon bootcamps and mentoring sessions before presenting their final solutions to a panel of judges.
Hackaholics is more than just a prize competition—it’s a comprehensive support system for growing tech ventures.
Application Deadline:
Not specified
No responses yet