Standard Chartered Nigeria Plc, an international cross-border bank, has announced the launch of the fifth edition of its SC Women in Technology Incubator program. This initiative aims to support and promote women’s economic and social development in Nigeria.
The launch marks a continuation of the last four successful editions, which saw 20 winners awarded over $200,000 in seed funding for their businesses, according to a statement from the bank.
Standard Chartered Nigeria Plc continues its focus on capacity building for women-owned small enterprises through this program. The bank sees this as a significant opportunity to support greater diversity in gender representation within technology entrepreneurship for women in the country.
Joke Adu, acting head of corporate affairs, brand, and marketing at Standard Chartered Bank Nigeria, expressed the bank’s pleasure in continuing to empower female entrepreneurs in Nigeria through the SC Women in Tech Incubator. She emphasized optimism about the program’s impact on the socio-economic empowerment of women entrepreneurs in Nigeria.
Adu highlighted the crucial role of the support provided to beneficiaries in ensuring the sustainability of their businesses while creating employment opportunities for more women and youths in the country. She further underscored the company’s excitement about the endless growth opportunities and the impact such growth will have on the economy.
The initiative builds on the bank’s track record of increasing women’s access to entrepreneurial finance, employability, and support for adolescent girls and women through financing and capacity building.
The SC Women in Technology Incubator program targets female-led entrepreneurial teams and provides them with training, mentorship, and seed funding. In the fifth edition, 10 young businesswomen will undergo a rigorous 12-week executive boot camp, during which they will interact with industry experts, business development coaches, and executives from Standard Chartered, as stated in the announcement.
