First City Monument Bank Limited, in partnership with the Lagos State Employment Trust Fund and Passion Hub, has presented a total sum of ₦3.15 million in grants to start-ups during the LSETF tech innovation support programme, tagged ‘Lagos Innovates’.
The grant was given to the winners of the ‘Secure Lagos Hackathon,’ organised by LSETF in Lagos recently, according to a statement.
The three-day event, which held from May 18 to May 20, had 96 participants pitching different innovative ideas, and showcasing both software and hardware technology developments that could help tackle security issues in Lagos.
The overall best team in the contest, Team LSFLOW, was said to have received ₦2 million for its innovative development of an application that could forecast, monitor and communicate warnings to the relevant authorities about the risk of an eminent flooding in Lagos.
The first runner-up, Team Aboeko, received N1m for developing an application that reports crime from crowd sourcing.
The second runner-up, Team Gidi Secure, received N150,000 and a six month free co-working space at a technology hub, Civic Hive, for its smart innovative device for home security.