Author Topic: Seed Fund Scarcity Threatens Tech Start-Ups – Nitda, Sidmach  (Read 323 times)

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Seed Fund Scarcity Threatens Tech Start-Ups – Nitda, Sidmach
« on: September 13, 2016, 06:09:49 AM »
The Acting Director-General of National Information Technology Development Agency, Dr. Vincent Olatunji, has said that the dearth of seed funds is seriously limiting the growth of start-ups in the Information and Communications Technology sector of the economy.

He stated this during the NITDA team’s courtesy visit to Sidmach Technologies, saying that should the seed funds be available, “the Nigerian Information Technology market has the potential to generate income for the country.”

With this, Olatunji said that the NITDA would establish national infrastructure fund for start-ups to scale up their products for global competitiveness.


 
“I am very pleased to be in Sidmach and I appreciate the fact that the company is making tremendous contributions across the various e-Government platforms.

 “We are focusing on start-ups, home-grown solutions and human capital. Whatever is built here can work in other countries. Most Nigerian youths have ideas; all they need to do is to turn them into reality so that they can make money. We will encourage patronage of home-grown solutions,” the NITDA boss said.

While commending Sidmach Technologies for influencing the sector positively, Olatunji added that there was a need for serious collaborations among IT firms, private sector and government for the sector to move forward.

On his part, the Managing Director of Sidmach Technologies, Peter Arogundade, said that the firm would continue to support the Federal Government in strengthening indigenous ICT entrepreneurship to scale down unemployment indices and create wealth for the people.

He assured the NITDA’s acting director-general that Sidmach would deliver on commitments and projects given to the organisation to execute. He also restated the company’s support towards the actualisation of various goals and projects of the National Information Technology Development Agency.

Noting that it was the first time a NITDA’s DG would be visiting the organisation, he said, “Sidmach is an indigenous ICT company with world-class products and services. We provide integrated solutions to customers across the public and private sectors of the economy.”

He said, “At Sidmach, our people live our values and our actions are underpinned by these principles. Our corporate culture is professional, innovative, disciplined, friendly and open, and we are committed to excellence and global standards.

“We promote a work environment based on faith, respect, timeliness, objectivity, merit, effective communication, compliance with policies and processes, corporate loyalty and swift execution.”

He added, “Our strength lies in our people who are very professional and together with our local and international partners, we are poised to deliver exceptional products and services. Our responsiveness, professional competence and partnership skills are what have continually given us the edge in our services offering.”

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Seed Fund Scarcity Threatens Tech Start-Ups – Nitda, Sidmach
« on: September 13, 2016, 06:09:49 AM »

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