Calling all entrepreneurs – CcHub’s Call for Ideas is open!

Remember +BudgIT NG ? In my early blogging days, I made quite a bit of noise about them, hehe. It was their success story that made me fish out the +CcHub Nigeria in Yaba. They recently graduated from the incubation centre and are doing great.

In case you haven't noticed, collaboration, co-creation is the new cool. Let's face it, if we want more companies to last, we need to work together, to find synergies, to build teams, to leverage on each other's strengths. This is why you can't afford to keep your idea to yourself. There are tricks and tips for protecting your idea though and you can listen here, to what Wunmi and I had to say about this on the episode before the last of strike the anvil. At the end of the day, you are better off sharing.

Anyhoo, so the Hub is calling for ideas again and if you have been looking for a platform to leverage on, here's your chance........

Read all about it;

Co-Creation Hub (CcHub) is a launch pad for start-ups, transforming ideas to sustainable ventures that solve real Nigerian problems. To date CcHub has supported the development and launch of more than 50 innovative technology startups solving social challenges in Nigeria.




Will the next golden idea come from you?

You can submit an innovative idea that solves a real Nigerian problem to the CcHub Call for Ideas for up to $25,000 in investment as well as networks and market entry support to get you kick-started.

The aim of the programme is to encourage the development of Nigerian led solutions for real Nigerian problems, focusing on six key areas – Governance, Transportation, Healthcare, Education, Food Security and the Environment.

We believe that by engaging a community of progressive stakeholders (end-users, subject matter experts, government agencies, businesses, academics, civil societies etc.) who bring their creativity and knowledge to play we can co-create solutions to social challenges faced by the average Nigerian.

These are our 5 tips for creating innovative solutions

• Solve ONE clear problem: focus on one problem and not many
• Understand the problem: observing the environment, infrastructure, culture and lives of people by being there.
• Think creatively: start big, use constraints as a filter and find the simplest solution.
• Identify a service gap: is there a service that isn’t being provided or not being provided to a satisfactory manner
• Deliver value: what are the benefits for people using the end product, does it improve a persons life?

Submit an Idea

Ideas should be submitted here by Sunday 31 May 2015. Ideas will be assessed by a panel, and those whose ideas are selected will be invited for an interview. Following this, the most viable ideas will be taken into the CcHub Pre-Incubation and Incubation Programmes.

1000 ideas have walked through our doors but is yours the one that will make it through and stick?

Budgit - Oluseun Onigbinde (Co-founder) #inthespiritofenterprise

Finally, we got budgit to share their story. I know some of you would have been wondering, who is this budgit that Mofolusade is always talking about sef! hahaha. Well here they are....

Enjoy....

Tell us about yourself 

My name is Oluseun Onigbinde. I am the Team Lead and Co-Founder of BudgIT. I am really confused what to call myself. Maybe I should say data analyst, data journalist, data scientist, citizen scientist or even budget expert. Actually, I did not set out to be all of these. I graduated from the University of Agriculture Abeokuta as an Electrical/Electronics Engineer. Since my days at the university, I knew I won’t practise engineering because I felt the kind of knowledge passed was not what works in fast-paced, viral and technological driven world that we live today. I worked in two banks – Access and First Bank - for four years before leaving to fully focus on BudgIT. That’s what I have been doing since then as well as other consultancy for DFID and sub-regional projects. I am also a Knight Foundation Fellow, which requires me to teach creative tools that can improve storytelling.

What is BudgIT about?
BudgIT is what makes me tick and it is a product of an idea with huge assumptions that if we shows citizens regardless of their literacy class and level of interest how the budget works and how it affects them, hopefully they will become active participants and strive to be vanguards of budget performance. These assumptions are what we are testing by looking for all means to explain the budget to citizens. This includes infographics, interactive applications, games, apps, sms and other tools. We just want to deepen access of the budgets, as we believe that this is key to civic engagement and institutional reform. We also act as a catalyst for all stakeholders such as media, government institutions by providing support in terms of capacity building and data access.

How did you conceive the idea for BudgIT?
I was sitting in my desk in First Bank and I thought about a new offer made by Co-Creation Hub to look for new ideas that can strengthen governance. This was an intense hackathon that was meant to build prototype of ideas. I put in for the hackathon in February 2011 and we came second. It was at the hackathon that I met Joseph Agunbiade who co-founded BudgIT with me. However, I know BudgIT was out of the desire to do something that reshapes the paradigm.

How did you bring it to life?

I wondered if I would be able to do it all alone and keep paying my bills. I decided to combine my work in the bank with BudgIT for a year before I decided to face it fully. This is about a lot of toil, hardwork and discontent. I just feel like I am a steward of an idea whose time has come. The online availability of the data, the evolution of social media and also Co-Creation Hub that provided mentorship, space and seed funding all showed that this idea appeared at the right time. Like I said, I am just a steward accountable to the work committed to my hand. 

What has the experience been so far?

Amazing experience so far. As an entrepreneur, you lose your steps momentarily which makes you to nearly doubt if you are on the right path. I have gone through those times before but today I count it all joy. Leading an organization is a mind building exercise. It makes you think, innovate and also want keep winning. It’s been more work but I am enjoying it. Right now at BudgIT, we are thinking of building products, which might also be profit-oriented as we don’t want to run BudgIT as an organisation eternally dependent on grant.

How would you summarize the social impact of Budgit in Nigerian Governance today?

We can take a cue from the comment by Reuben Abati that roadside mechanics and okada riders are analyzing the budget. I don’t want to take the full glory for that but we have a made dent somewhere and you will agree that the interest is getting deeper. We have trained officials of the National Assembly Budget and Research Office. We have held data journalism classes and provided funds for citizens. We are doing our best to make impact at the social urban and rural grassroots level.

What challenges do you face and how have you been able to overcome these challenges?

Access to data is a key challenge especially procurement data that can be used to deepen conversation. Most states still treat the budget as state secret making it difficult for citizens to get. We are also trying to validate government projects by demanding accountability. A big challenge is also getting funds to scale. For such scale we are still dependent on grant and we want to ensure that we build a strong financial model that is sustainable.

Given the chance, would you do this again?

Another chance? Maybe this idea might come to early or might be too late and be of no value. Right now it is what our democracy needs and I am enjoying it. Another time? Depends what works for that season. One day, I will quit BudgIT and handover to someone else. That’s the mindset I carry.

Want to know more? Want to get involved in promoting accountability and good governance in Nigeria? 

Visit - http://www.yourbudgit.com/

follow - @budgitng

Read - http://www.yourbudgit.com/blog/view/4

Have an opinion? Speak out, it just might help make a difference.

Cheers guys!