10 successfully emerge as NASFAT BUILD Quarter finalists
The stage is set for 10 successful quarterfinalists to battle for $10,000 winner’s prize in the maiden edition of the NASFAT BUILD (BUsiness Incubation LaunchpaD) Initiative.
According to Mr Fatai Olayemi, the chairperson of the Initiative, the BUILD is a way of seeking entrepreneurs and startups with innovative solutions, entrepreneurial mindset, can-do spirit and a big idea or solution that has the potential to positively impact Muslims, Muslim communities and the world at large.
The 10 quarterfinalists, out of the many that submitted applicants, in no particular order are:
S/N | Project Name | Entrepreneur |
1 | OPAB Gas Station | Abideen Opeyemi Olasupo and Taibat Hussain Aduragba |
2 | STEM Tutor | Sodiq Ade Balogun |
3 | Fashion Waste Recycling and Upcycling | Bola Shakirah Ramos |
4 | Autospect- Pre-purchase vehicle inspection service | Olayiwola Muhammad Jamiu |
5 | Ayonique Poultry | Yussuf Ayodele |
6 | Sarasara Cereal Products | Ojutiku Ayinde Moshood |
7 | ILMUBIL APP | Nura Abdullahi Bagwai Esq. |
8 | Joobla Social Media and Da'wah Network | Aliyu Taiwo Oke |
9 | Medical Texts and Accessories Store | Ajagbe kamil Adeniran |
10 | HALAL INVEST | AbdulAzeez Femi Oguntoyinbo |
It will be recalled that NASFAT in celebration of its 25 years anniversary launched the BUILD platform to create funding and mentoring opportunities for young Muslim entrepreneurs and startups with innovative solutions aligned with the HELD agenda of the Society.
The 10 quarterfinalists will undergo a virtual boot camp and showcase their solution before a virtual pitch event involving a judging panel made up of industry experts, leading to announcement of winners in September 2020.
The winning pitch will get a $10,000 investment from NASFAT, as well as potential investments by other angel investors, mentorship from renown entrepreneurs, industry linkages, access to experts, access into incubator/accelerator hubs and accounting and legal support from the NASFAT Secretariat for 12 months.
Signed
Fatai Olayemi
Chairman, NASFAT BUILD (BUsiness Incubation LaunchpaD) Initiative Committee