- November 13, 2017
- Posted by: LeadSpace Team
- Category: Business, Entrepreneurship, Events, Funding, Innovation, International, Nigeria, Technology
The Dutch-Nigerian Student business challenge (DNSBC 2017) which started June 2017 about five months ago was centered on getting 12 Nigerian and Dutch students each to represent their countries in the Netherlands, to proffer sustainable solutions to world problems in Energy, Health, Water and Food, as a subset of the Sustainable Development Goals (SDGs), to bring together our nation, private and public investors, youths and governing bodies to raise solutions to the most urgent global problems.
Out of over 250 applicants that applied from various Universities across Nigeria, 24 were shortlisted for the final selection process held on Wednesday, 21st June, 2017 at our Yaba facility. The selection criteria were based on ingenuity, out of the box creativity and boldness to explore.
The selected 12 Nigerian students traveled to Delft to team up with 12 Dutch students from TU Delft, Wageningen university and Erasmus university to tackle these challenges together. The results will be presented in the last week of October in Nigeria.
“We scouted for young men and women with creative and entrepreneurial mind-set, not just technology background and they have been working on this project for the past 2 months,” Professor Kofi Makinwa, Instrumentation Laboratory Department of Microelectronics, Delft University of Technology said last week, when the final presentation (Dutch-Nigeria Business Challenge) was made in Lagos.
The final DNBC which was held at the University of Lagos had in attendance some of the relevant industry stakeholders, including Lagos State Government representative, BusinessDay Publisher, Deputy Vice-Chancellor, University of Lagos and others.
The Dutch-Nigerian students were divided into six teams; the students worked for a full week on innovative and entrepreneurial solutions to problems the country faces in the areas of health, energy, water, and food.
Before the final presentation at the University of Lagos, Rabobank, a Dutch multinational banking, and financial services company provided financial training, while local businesses and startups shared their expertise.
Further, the Dutch-Nigerian students were also offered some courses by TU Delft, varying from administration and product marketing to business ethics.
“Business and creativity are paramount in entrepreneurship not just the technology aspect of it,” Professor Makinwa said.
Industry stakeholders who gathered as the groups presented their case at the final challenge to the panel explaining the viability of the solutions models and strategic ways on how to develop them were marvelled at the level of creativity and entrepreneurial mind-set the students displayed.
“The students have carried out the assignment given to them by the companies; it is now left for them to integrate whatever solutions the students have provided to the team and consequently take it to the next level,” Olufunbi Falayi, Passion Incubator Co-Founder said.
The Dutch-Nigerian Student Business Challenge is an innovative business case competition where 12 Dutch and 12 Nigerian students work together on sustainable entrepreneurial solutions for real-life challenges in Nigeria’s energy, health or water-food sector
Olufunbi explained that the DNBC was organized by TU Delft, the Dutch embassy in Nigeria and the Netherlands Enterprise Agency, in partnership with us.
“The focus is to improve entrepreneurial skills and to promote concrete solutions for the partners involved resulting in more startups and cooperation initiatives,” he said.
Ogwuche Destiny, one of the Nigerian students who presented at the DNBC challenge explained that task was assigned to them by the Dutch companies of which lots of efforts have been channelled into achieving it.
“We have been working together for several weeks with some of our colleagues from Netherlands to provide our solutions to the companies,” Destiny said.