Inlaks gives N4.5m to tech start-ups with innovative insure tech solutions

… builds ‘ thehatch’ innovation lab to nurture techprenuers, grow local software development

In a bid to spur local innovation, Inlaks, a technology systems integrator, has given N4.5 million to three winning technology start-ups with incredible solutions, particularly for the insurance sector, in its maiden Insurtech Hackathon themed, ‘Shaping the future of insurance.’

Following the launch of “thehatch,” an innovation Lab set to build, scale and provide a nurturing environment for Fintech Start-ups by ensuring a level playing field for domestic technological ideas, Inlaks organised a contest where entrepreneurs with technologically-enabled solutions that addressed significant challenges in the insurance sector could come and pitch their solutions to Judges comprising of CEOS, CIOS and experts from insurance, technology and Fintech industries. The three leading teams with top- notch Insurtech solutions carted away the prizes.

As one of the foremost ICT companies in Sub-saharan Africa, Inlaks continually upholds and spearheads projects/ideas that will birth cutting-edge ICT products and solutions. The launch of

thehatch reinforces Inlaks 2.0’s vision to identify, promote, support, and encourage home-based technology entrepreneurs.

Expressing his utmost delight and optimism for the futuristic and long term significance of thehatch Innovation Lab in Africa, Olufemi Muraino, the executive director (Innovation and Business Transformation) said, “With thehatch launch and the maiden Insurtech Hackathon, we have been able to bring together a host of brilliant African tech minds who has innovatively invented solutions tailored to the insurance industry. I am elated at the launch of our tech hub as we are focused on opening up new markets while also introducing innovative information technology products into the sub-saharan African markets.”

Femi Adeoti, MD, Africa operations, Inlaks in a statement explains the motive, vision and plans for thehatch: “Inlaks has been thriving favorably in the ICT space for over three decades now. We, no doubt, are aware of the immense contributions of technology to mankind from that time till this present moment.