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Antler set to invest $500,000 in startups whose solutions are curbing Coronavirus

Antler has called on startups whose businesses are combating the Coronavirus pandemic, to apply for its $500,000 funding. 

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Antler to invest $500,000 in startups with solutions to curbing Coronavirus, calls for proposals
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Antler, a global early-stage Venture Capital firm (VC), has called on startups whose businesses are combating the Coronavirus pandemic, to apply for its $500,000 funding.

The VC firm is also offering to fund innovations that have been birthed by the struggle to curb the spread of Covid-19.

The Singaporean firm wants to invest in five teams with proposals that will aid in mitigating again the pandemic, as well as the production of medical equipment, remote health, and digital tools.

According to Antler’s Founder and Chief Executive Officer, Magnus Grimeland said the $500,000 capital infusion is the firm’s way of contributing to the fight against the Coronavirus outbreak.

Information available on the firm’s website said applications for the funding are not restricted to any country.

Instead, startups around the world can apply before the closing date which is April 15, 2020.

Selected teams will conduct a video pitch session after the screening process, while the finalists will remotely pitch their solutions to Antler’s Investment Committee.

Note the selection will be based on the relevance of each startup’s innovation towards the fight against COVID-19, as well as relevance to post-COVID-19.

Aside from the fund, Startups that are selected will be given access to Antler’s global network of entrepreneurs, investors, and industry experts. They will also benefit from coaching by Antler’s leadership.

SSKOHN

[READ MORE: Facebook to invest $100 million in media houses as coronavirus crashes their revenue)

Part of Antler’s contribution will be to ensure that the solutions are accessible to individuals in need of it.

While commenting on the funding and what prompted Antler to take action, Grimeland said:

“Great necessity inspires great innovation. As the COVID-19 pandemic continues to disrupt human life around the world, now is a time when innovators need to come together for the greater good. That’s why we believe it is our time to do our part at Antler.

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“It has long been a mantra of the tech ecosystem that entrepreneurs are building the world of tomorrow.  We are calling on the brightest to create solutions that help guarantee the global community can recover, and grow, following the crisis. We believe that the technologies created during this crisis will have the potential to create a fairer and better future.”

Antler to invest $500,000 in startups with solutions to curbing Coronavirus, calls for proposals

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Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

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Corporate Press Releases

N1m up for grabs with Quickteller Business contest

To join in the contest, entrepreneurs are to post a 1-minute video of themselves explaining how N1 million will boost their businesses.

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Interswitch has announced a virtual pitch tagged ‘Boost your business with Quickteller’ where one business owner has the opportunity to win N1 million cash. The promo is believed will help businesses signed onto the Quickteller Business platform boost their business further.

To contest for the prize money, business owners are simply required to complete their account activation on Quickteller Business and they stand a chance of winning.

To join in the contest, entrepreneurs are to post a 1-minute video of themselves explaining how N1 million will boost their businesses. The videos should be uploaded on Facebook, Instagram, Tiktok or YouTube with the hashtag #boostwithquickteller. To submit an entry, business owners are required to paste their post’s URL in the video URL section of the entry form on the Quickteller Business site, share the entry with friends and family and invite them to vote.

They must register and activate their businesses on the Quickteller Business platform using the referral code ‘Boost’. Any entry without a referral code will be rendered invalid.

Speaking about the promo, Cherry Eromosele, Group Chief Marketing and Communications Officer at Interswitch noted that the promo is important to Interswitch as it helps business owners – not only to boost their businesses – but to provide solutions that addresses some of the pain points of business owners. “At Interswitch, we are committed to growing the business community by providing simple and scalable payment solutions because it is critical to their growth and essentially to the national economy at large,” she added.

The Quickteller Business platform provides seamless payment solutions for businesses and their customers. The platform is an intuitive and robust one that enables businesses of all sizes, small, medium, large, to take their businesses online even if they did not have prior technology infrastructure or website.

The top 10 entries with the highest votes by 11:59pm on Friday, April 30, 2021 will qualify to participate in the grand finale.

Apart from the numerous benefits enjoyed on the Quickteller Business platform, such as generating invoices to track sales and payments, customized storefront to display products and brand image, backend access to manage inventory, dispute management options to settle chargebacks and refunds, the platform further exposes its users to a ready market of over five million potential customers from Nigeria, Gambia and Kenya.

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On the Quickteller Business platform, business owners can get paid by anyone, from anywhere without hassles. From massive corporations to smaller tech-savvy businesses, Quickteller Business makes payment easy for entrepreneurs and their customers.

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About Quickteller Business

Quickteller business provides various payment tools for freelancers and small businesses operating without a website to receive payments easily. The platform seamlessly integrates with your existing website or store to provide various payment options.

About Interswitch

Interswitch is a leading technology-driven company focused on the digitisation of payments in Nigeria and other countries in Africa. Interswitch’s vision is to make payments a seamless part of everyday life in Africa, and its mission is to create transaction solutions that enable individuals and communities to prosper across Africa.

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We began in 2002 as a transaction switching and electronic payments processing business, building and managing payment infrastructure, delivering innovative payments solutions and driving transactions across Nigeria and other African markets. We provide secure solutions and services that facilitate convenience and real value for consumers, businesses, governments and other organizations, helping to reduce costs, improve operational efficiency and drive sustainable revenue growth.

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FG launches National Gender Steering Committee for Gender Policy in the agricultural sector

The policy document is a developmental strategy for poverty reduction and it is expected to empower small scale holder farmers who are predominately women.

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FG moves to reduce gender inequality in agriculture, De-risking the agricultural sector
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The Federal Government has announced its inauguration of a National Gender Steering Committee for the Implementation of the Gender Policy in the Agricultural sector, in a bid to offer equal access and gender-sensitive approaches towards food production.

This was disclosed by Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr Ernest Umakhihe, who inaugurated the Committee on Wednesday in Abuja.

“The initiative will promote and ensure the adoption of gender-sensitive responsive approaches, plans and programmes in such a way that men and women will have equal access and control of productive resources,” he said.

He added that availability of the policy document was expected to address the vulnerability of women to biases in the Agriculture sector, integrate gender perspectives in National Planning, create more jobs and financial empowerment for women, citing that the National Gender Policy in Agriculture was consistent with the Global 2030 Agenda for Sustainable Development adopted by World Leaders at the United Nations Summit in New York, USA, in September 2015.

Director, Special Duties in the Ministry, Mrs Fausat Lawal also stated that “Women, small scale holder farmers constitute about 70-80% of the agriculture labour force and they produced the bulk of food for domestic consumption.”

She added that the policy document is a developmental strategy for poverty reduction and it is expected to empower small scale holder farmers who are predominately women.

What you should know 

  • Female unemployment rate in Nigeria as of Q4 2020 increased to 35.2% from 31.6% recorded in Q2 2020. This is according to the recent labour force report released by the National Bureau of Statistics (NBS).
  • A total of 61.63 million women were in the working population (15 – 64 years of age) as of Q4 2020 accounting for 50.5% of the total working population. Only 30.15 million of these women were willing and able to work, which represents about 43.3% of the total labour force in the period under review.

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