The Gulf Information Technology Exhibition, GITEX, aims to see at least a hundred Nigerian startups exhibit at its second edition of the event taking place on May 2024 in Morocco.
According to the statistics of the 2023 edition of the exhibition, only seventy Nigerian startups made it to the last event, and the organizers, the Dubai World Trade Centre, are making it clear that they want more Nigerian participation in the 2024 GITEX event.
The 2024 GITEX event will offer any participating startup the opportunity to compete for the award of the startup with the most useful innovation and a monetary prize of $100,000. Other competitions include the Young African CEO award; however, the organizers have yet to disclose the prize value.
According to bits of information from GITEX, the 100 Nigerian startups to be live at the event will be selected from stakeholders, including accelerators working with the event organizers. The startups also utilize this opportunity to learn from established entrepreneurs present at the event.
Who is GITEX for?
The GITEX event, like every other exhibition, provides a platform for developing startups to display their technology and innovations to a wide range of investors from around the world.
In essence, GITEX Africa is a networking hotspot for startups and investors alike. Occassionally, the startups and investors are automatically matched based on the field of operation or aligned goals. Enabling both the investors and the startups to create potential partnerships to sustainably solve a problem, grow
This year, GITEX will launch the World Future Health Africa, with the vision of increasing the possibility of providing affordable and accessible digital healthcare throughout Africa.
Funding to digital health companies and projects on the continent is still very low due to the complex and divergent regulatory landscape.”
a Statement by the World Future Health Africa on its website
The startups that will have more to gain during the GITEX Africa 2024 will be those that provide solutions to impending problems in the investor’s line of sight. Or innovations that are currently the market trend, like Artificial Intelligence, HealthTech, AgroTech, and FinTech.