Cowrie, a platform designed to increase financial awareness and participation, has won the NIRU Hackathon 2018 organized by Ooredoo Maldives. Along with three other teams, they have received golden tickets to participate in Maldives first ever Accelerator program.
NIRU Accelerator is a business learning platform specifically designed for entrepreneurs with innovative startup ideas who are working towards social change. NIRU Accelerator will enable market opportunities in the Maldivian and International Markets. Only the teams who won the NIRU Hackathon are eligible to participate in this prestigious program.
Ooredoo stated that NIRU Accelerator is a useful platform which can help to start a successful business with the support of various resources and experienced mentors.
Moreover, teams selected for the Accelerator program will be awarded funding and a 12 week long intense mentorship program with resources such as Co-working space, digital tools and even technical support from experienced advisors.
Furthermore, the teams will be given the opportunity to pitch their ideas for more investment prospects upon completion of the program. Likewise, participants will acquire long term benefits and partnership opportunities even after the program ends.
Ooredoo’s CEO Najib Khan stated that they started this program in order to support the Startup eco-system of the Maldives and provide the opportunity for Maldivians to participate in the international digital revolution. He also emphasized on the fact that Maldivian developers and entrepreneurs showed their impressive abilities during the NIRU Hackathon.
The Teams who were awarded the opportunity to participate in NIRU Accelerator created the following programs;
- Cowrie: A Chabot which provides simplified answers related financial queries.
- Kumbu: A centralized sea transportation management system to locate or book tickets or rent vessels easily.
- Javaabu Academy: An online platform which provides educational courses in local language Dhivehi, while eliminating geographical boundaries.
- Flobo: a B2B online service with integrated logistics and supply solutions.
During an extensive 24 hour Hackathon held at Hotel Jen, 6 teams participated and their digital business ideas were proposed to the experts. These ideas were further developed and prototypes were built with the assistance of Mentors spanning from Ooredoo, Idea Mart and Allied Insurance.
Ooredoo informs that the selected teams were chosen by a panel of judges who have in-depth experience in the area of business in the Maldives.
Ooredoo has sponsored numerous events to promote the digital entrepreneurs in the Maldivian Market. While NIRU Accelerator is one such program, Miyaheli Social Innovation Camp, Digital Literacy programs are also hosted by Ooredoo.