NCDMB to launch 17 coys from tech incubation centre

In furtherance of its mandate to catalyze research and development and support startups in the energy industry, the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Founder Institute (FI), is set to launch 17 new portfolio companies that have passed through its Technology Incubation and Innovation Centre (TIIC).

The launch of the companies will be held on Thursday, August 24, 2023, at the Nigerian Content Tower, Oxbow Lake Road, Yenagoa, Bayelsa State, and will have in attendance international and local venture capitalists, investors, and product development subject matter experts interested in investing or partnering the new portfolio companies.

Highlights of the event will be the pitching by the founders of their business ideas, with the hope of eliciting the interest of investors.

The launch of the new portfolio companies is a major milestone of the board’s R&D strategy anchored on the commercialization of research and innovation.

The exposure given to the founders is anchored on well-tested NCDMB product development framework, which includes product validation, prototype development, field trial, business development and product deployment.

Speaking on the initiative, the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote, stated that the board deploys an end-to-end strategy in its projects and does not relent until ideas that it supports are fully deployed, commercialised and begin to solve societal problems.

The impending showcase of the 17 incubates bears immense significance for Nigeria’s economic trajectory. By nurturing these talents, NCDMB is not only fostering job creation but also cultivating a pool of capable individuals poised to drive growth across various industries.

The programme also ignites an entrepreneurial and innovative culture, with the potential to propel technological innovation and effect positive social change.