A team from and representing the Federal University of Technology Akure (FUTA) has won this year’s WEMA BANK HACKAHOLICS competition.
The 2024 edition, the third in the series, was dedicated to start-up businesses that students are running.
The Bank selected three institutions with a budding community of Tech Talents, including Babcock University, the University of Lagos, and the Federal University of Technology, Akure, for the Preliminaries.
Over 770 entries were received nationwide for the competition.
These were pruned, and teams for the Preliminaries were selected. The pitch preliminaries were held in FUTA on February 15&16, 2022, with over 200+ entries with three teams qualifying for the grand finale in Lagos from the Centre.
The three teams, ROOMME, XPRESS, and TRADDEX presented brilliant ideas and superb business models and were picked as Representatives of the FUTA Centre.
The grand finale was held on May 2, 2022, at the Wema Bank Training School, Ilupeju Lagos, where the best nine teams from the three locations – Babcock, University of Lagos, and FUTA- pitched their business ideas.
The ideas were judged by Ibifuro Apiafi, Chuba Ezekwesili, Joel Ogunsola, Olamide Oladele, investors, and the general populace available at the scene.
Team ROOMME from FUTA was adjudged as the Team with the best idea and declared the first-position winner with a grant of 2.5 million Naira.
Team Kodar Tech from the University of Ilorin emerged in the second position with the sum of 1.5 million Naira, and team Ajovest from the University of Lagos emerged in the third position, winning the sum of 1 million Naira.
Team Roomme’s business aims to solve the housing problems of society. ROOMME is an online platform that matches individuals with apartments and potential roommates BASED ON UNIQUE PREFERENCES determined via digital configurations.
The Vice-Chancellor has congratulated team members, describing them as Worth ambassadors of FUTA. ” I am delighted that students of FUTA have continued on the path of Excellence and Contributed to proffering solutions to real societal problems.
Members of Team Roomme have done our University proud, and their names will be recorded in our Hall of Fame,” Professor Fuwape said.
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