Read time: 3 minutes

Nigeria’s TechCabal Battlefield startup competition bumps up prize money

By , Editor, ITWeb Africa
Nigeria , 29 Jan 2014

Nigeria’s TechCabal Battlefield startup competition bumps up prize money

Top Nigerian tech blog has raised the stakes in its ‘Battlefield’ startup competition.

Previously, the competition was set to award a $10,000 winning prize, but the blog says the winner is now set to go home with $20,000.

The bump up in winnings is thanks to a cash prize boost of $10,000 from West African online music service

The music service’s contribution adds to that of Stanbic IBTC’s initial pledge of $12,000, which brings the total cash winnings of TechCabal Battlefield to $22,000.

Startups in the competition must have received less than $200,000 in funding prior to entering

“This is by far and away the biggest startup prize to ever be up for grabs in Nigeria,” said TechCabal editor-in-chief Bankole Oluwafemi.

“We believe that the Nigerian startup ecosystem is truly entering a new era of collaboration as we are seeing more local stakeholders come together to work for its advancement. In addition to the contributions of Stanbic IBTC and iROKING, TechCabal Battlefield is made possible by the support of homegrown startups including Jobberman, Konga, Capital Square and more,” added Oluwafemi.

Applications to the TechCabal Battlefield are planned to end on 5 February, after which seven finalists who will proceed to the Battlefield Academy will be announced.

The competition is then planned to take place 19 February before a panel of judges, an audience of techies and investors, as well as the rest of the world via livestream.

Daily newsletter