LiveBIc, which comprised Shadrach Akao and Ernest Ogbanefe
emerged the overall winners from a list of 10 finalists involved in the pitch
at the finals of the hackathon. LiveBIc won the star prize of $10,000 for
developing a new platform for content creators to market and deliver their
content.
Sprayme clinched the second position and $4,000 prize money
for innovating a new way for social gifting and content monetization; Reelbuzz
emerged the third winner with $3,000 for creating an intuitive platform that
helps brands connect and command higher brand loyalty; Innovatoras took the
fourth position as well as $2,000 prize money for directing the leads for
businesses and turning them to paying customers and Monify Cookies, fifth
position with $1,000 for developing a browser tool that provides its users the
ability to block all unsolicited ads and earn money from allowed ads.
The winners and runners-up will also get working space at
Eko Innovation Centre, while all ten (10) finalists will have access to join
the EIC accelerator program and GITEX Global pitch event in Dubai.
Recall, that the best 10 teams with the most viable concepts
went head-to-head at the finale for the $20,000 prize pool and an acceleration
programme with up to $50K equity investment to get their products ready for the
market among other benefits.
Speaking on the initiative and what inspired it, Victor
Afolabi, Founder, of Eko Innovation Centre, and Curator MarkHack 1.0 said,
MarkHack 1.0 is a gathering of innovators, entrepreneurs, Policymakers, and
Marketing Professionals, to create solutions to real-life Marketing challenges
in an intense period of time. Using creativity, technology, and mentoring,
resulting in prototypes, fresh new concepts, and innovative usages of tech for Marketing
and Media.
He added that “Seeing how technology has disrupted global
industries all over the world, we perceived that the marketing and media
industry was ripe for disruption. However, they are two things, it is either we
collaborate with stakeholders in the industry to create the disruption we
anticipate or we allow disruption to happen to us, and we choose to do the
former.”
“The former involves working with over 100 organisations and
representatives from the various organisations to co-create together and
disrupt that which we anticipate. That co-creation gave birth to what we call
MarkHack. We brought together experts in the industry across sectorial groups
from clients, agencies, professionals, technology experts, venture capitalists,
policymakers, regulators and we all came together to come to create the
MarkHack,” he said.
On his part, Hakeem Popoola Fahm, Commissioner of Science
and Technology, Lagos State applauded the organizers for the laudable
initiative and stated that it is a testament to the success of Governor,
Babajide Sanwo-Olu's commitment to making Lagos a smart city by digitalizing
its operations and providing an enabling environment for technology innovations
to be given birth to. He added that MarkHack 1.0 has shown that Marketers and
media practitioners can digitalize operations and the state government would
continue to support the ecosystem.
Similarly, the Special Adviser, Innovation and Technology to
the Governor of Lagos State, Tubosun Alake said the government has been
supporting various research works through Lagos State Science Research and
Innovation Council (LASRIC) across multiple industries including the marketing
industry and it won’t rest on its oars in actualizing the smart city agenda of
the present administration.
Earlier in the programme, the President of the National
Institute of Marketing of Nigeria (NIMN), Idorenyen Enang while delivering his
keynote address at the event urged marketers to continue to innovate, and know
how to use their channels effectively. He had also emphasized that marketing is
not merely about integrated marketing communication, adding that innovators
require to follow laid-down principles of marketing.
Similarly, in a fireside chat, Franklin Ozekhome, CEO &
Head of Growth, Identiture Africa; Seyi Tinubu, CEO/Chairman, Loatsad
Promomedia; and Muyiwa Aleshinloye, Head of Marketing, Wakanow called on
marketers to take advantage of technology to grow their brands as Metaverse,
Artificial Intelligence, and others are being deployed to ease business
operations.
The organizers of the event, Eko Innovation Centre and GDM
Group revealed that over 500 individuals registered to participate in the
hackathon from 72 locations, 5 countries (which includes Nigeria, California-
USA, Kenya, Pakistan, and London), and 3 continents (Africa, Europe, and North
America).
The participants were split into teams of 5 and were required to work together for 3 weeks, brainstorm, and come up with new concepts based on their areas of focus. They were also sub-grouped into 8 focus areas which include consumer experience, media consumption, consumer recruitment & interaction, trade & retail engagement, analytics and metrics, events marketing, media monetization, and content creation.
Each team pitched their ideas to a respected Jury of experts
in the subject matter, and the best 10 teams were picked by the Jurors before
only five emerged winners at the grand finale. Overall, the hackathon had 21
Mentors, 30 Selection Jurors, 8 Speakers, and 8 Final Jurors who partook in the
event and are the industry’s best with decades of experience in marketing,
media, technology, and business management, and others.
The winners were judged by professionals which include Steve
Babaeko, CEO/Chief Creative Officer, X3M Ideas & President, Association of
Advertising Agencies of Nigeria; Iquo Ukoh, Director, Board of Directors,
Letshego Microfinance Bank Ltd; Uwem Uwemakpan, Cofounder of Ingressive
Capital; Tolulope Tomori Adedeji, Marketing Director, Anheuser-Busch InBev; and
Debola Williams, Group CEO at Red Africa.
Others are Joseph Agunbiade, Cofounder, BudgIt; Kayode
Oladapo, Assistant Regional Manager for Zone AOA (Africa, Oceania, and Asia),
Nestle; and Jide Sipe, Head, Marketing and Corporate Communication, Ecobank
Nigeria.