Lagos State Government has awarded 23 young innovators and tech firms a total grant of N100 million to pursue various technology-driven innovations, an official said on Wednesday.
According to a statement released by the governor’s chief press secretary, Gboyega Akosile, on Wednesday, the recipients are the first set of beneficiaries to benefit from the N250 million seed capital earmarked, last year, as Research and Innovation Fund by the state government.
The awardees were reportedly selected through a highly competitive process overseen by the Lagos State Science Research and Innovation Council (LASRIC), an agency established in 2019 to encourage the development of innovative solutions to local problems.
In his remark, the Lagos State Governor Sanwo-Olu congratulated the successful awardees of the research funds, urging them to apply the grant with prudence.
“As a government, we believe in each and every applicant’s capacity to create and scale up ideas that can proffer solutions to our current challenges.
“We embarked on this unique project with the belief that local challenges are best solved by thinking that understands and appreciates local contexts and peculiarities.
We believe in Lagos-supported solutions for Lagos-specific challenges. With the presentation of the grants, the responsibility now firmly rests on the recipients’ shoulders to justify the opportunity” He said.
Meanwhile, the governor’s special adviser on innovation and technology, Olatunbosun Alake, reportedly described the ceremony as “tangible development in the history of governance in the State.”
He said the awardees would be initiating innovation in key areas of manufacturing, food security and health management.