Hello Community,
I am pleased to introduce the Blockchain Innovation Hub (https://bih.com.ng), a product of ORX Solutions Limited (https://orx.ng). We specialize in blockchain incubation and shared workspace services in Nigeria. Below is a picture of our space in Ibadan, Nigeria.
We are seeking feedback on a proposed hybrid incubation program for blockchain product development in Africa. The program aims to facilitate collaboration among native builders and launch their products on Celo. It will run for six months and involve 32 participants with prior experience in product management, software development, and related fields. Participants will work in teams to build eight different products.
At the end of the program, a competition will be held to determine the top three teams. Members of these teams will receive $5k, $3k, and $1.5k, respectively, while the remaining participants will receive $500 each plus cloud credits. Additionally, $3k will be paid to consultants and technical support experts during the program, totaling $15k.
Budget table:
| Item | Cost |
|---|---|
| Competition prizes | $12,000 |
| Management Expenses | $3,000 |
| Total | $15,000 |
Benefits to the Ecosystem:
- Increased number of builders
- More innovative solutions
Below are answers to some questions readers might have in mind:
- Why not a hackathon?
Unlike a hackathon, this program is designed to provide more long-term support to builders and help them develop sustainable products.
- How will the program measure its success and impact?
During the incubation program, participants will develop solutions that address real-world challenges in ReFi, logistics, and other related areas.
- Why is the duration six months?
As highlighted above, the program is designed to produce usable products. The longer time frame will ensure that we can deliver quality.
- How do we ensure the security of the proposed funds?
To ensure trust and transparency, apart from the program management expenses, other funds will only be made available once the products have been fully launched on Celo.
| Month | Milestone |
|---|---|
| 1st | $500 |
| 2nd | $500 |
| 3rd | $500 |
| 4th | $500 |
| 5th | $500 |
| 6th (final) | $500 & $12,500 |
- How will participants be selected for the program?
We will select people with prior experience in product management, software development, and related fields to increase our chances of success.
- What will be our success metric?
The success metric will be the number of usable products launched on Celo by program participants, as well as any other positive impact on the ecosystem resulting from the program (e.g., number of people using the product, number of new users onboarded into the ecosystem).
Please leave your suggestions and questions.
