The recently concluded Young Innovators Competition is an initiative of ITU Telecom World Events targeted at talented young social entrepreneurs using technology creatively to meet a range of real-life development challenges. This year’s edition sponsored by Intel, saw Ogbonnaya Bassey, a Nigerian emerging as one of the winners with his SokarKobo innovation out of a pool of 124 applicants from across 34 countries.
Bassey will be joining other young gifted entrepreneurs with innovative and scalable ideas at Budapest, Hungary for the Telecom World Event– a global ICT innovation platform for government, corporate bodies and SMEs which is slated to take place between October 12th and 15th.
SolarKobo was the award winning innovation that helped Bassey secured a place at the top. The innovation is expected to provide solar power systems with zero-upfront financing in Nigeria as a cheaper, more reliable and cleaner way of generating electricity in the country as opposed to gasoline generators. Given this cost and the unreliability (of both the grid and gasoline/diesel supply for the private generators), solar energy presents a cost-effective alternative limited only by its high upfront cost.
Speaking on the inspiration for his project Bassey says that:
“Most of the ingredients for our success exist. The need is critical, the demand for our solution is proven, the technology is tested and we have a sustainable model. We applied to the Young Innovators Competition to create awareness for our cause, get seed funding, investment, mentorship, and access to help from Intel in developing smarter systems.”
SolarKobo is a renewable energy company that provides affordable and reliable renewable energy solutions for small businesses and households. SolarKobo will bear the upfront cost of a solar system and charge its customers a more palatable monthly fee. Our major value propositions to our customers are the lower energy cost, higher reliability, and better environmental responsibility. This is in addition to the spared inconvenience of dealing with the vagaries of fuel supply for private generators including price hikes and scarcities.
ITU is the United Nations specialized agency for information and communication technologies – ICTs.