The TETFUND sponsors the one-year-long initiative known as TETFAIR.
An exceptional chance for academics and researchers in Nigerian universities to turn their concepts into commercially viable solutions, including the creation of prototypes.
Selected teams of researchers and academic personnel will be guided through a path that combines technology and product development with venture formation and have ideas for novel solutions in one of our areas of focus.
About Tertiary Education Trust Fund TETFUND
Act No. 7 of 1993, as amended by Act No. 40 of 1998, established the Education Trust Fund (ETF), which later became the Tertiary Education Trust Fund (TETFund) (now repealed and replaced with Tertiary Education Trust Fund Act 2011). With the primary goal of employing money and project management for the rehabilitation, restoration, and consolidation of Tertiary Education in Nigeria, it is an intervention agency created to provide additional support to all levels of public tertiary institutions.
The two percent education tax collected on the assessable profit of businesses registered in Nigeria is the Fund's primary source of funding. For the benefit of the Fund, the Federal Inland Revenue Services (FIRS) assesses and collects the tax.
Aims and Benefits of TETFUND Alliance for Innovative Research's.
The 12-month journey comprises the following and is conducted both in person and online:
- Practical training, individualized mentoring, the incorporation of tools for entrepreneurial and creative thinking and behavior, the development of business models alongside methodologies for developing products and technologies, cutting-edge design techniques, and familiarity with the world of patents and entrepreneurship's financial aspects.
- access to Abuja's INNOV8 HUB, a cutting-edge fabrication and innovation hub designed for the creation of prototypes with the assistance of qualified professionals. A fully funded training program in Abuja that includes transportation, lodging, meals, and daily stipends.
- Opportunity to present the innovations to possible funders, strategic partners, and design partners who are relevant (local and foreign)
- The renowned Zell entrepreneurship program's international professionals helped create and facilitate the journey. In partnership with Makelab, the technological development process will involve practical assistance from professionals. Collaborations between the program and the renowned Technion will also be included.
Qualifications for the TETFUND Alliance for Innovative Research
- You should be a group of two to four academics or researchers from a university in Nigeria (TETFund enlisted beneficiary Institution). We should concentrate on one of your suggestions. Your nomination would require the endorsement of your vice chancellor's office on a nomination form.
- Your team should have multidisciplinary complimentary abilities that could potentially take the concept from an idea through the development and manufacture of the prototype to a product that is driven by the market (with our assistance and mentoring).
- Your team should ideally consist of:
- a team member with an original solution concept and the necessary expertise
- An individual who, depending on your area of expertise, possesses additional complementary relevant technical, scientific, mechanical, medical, or engineering talents.
- a participant with aptitude for or experience in finance, business, or entrepreneurship.
- Your innovation should be in the conceptual or early development stages.
- Your creation should ideally have a hardware/physical component (Not only digital elements)
Method of Application
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