MIT Solve is a business incubator from the Massachusetts Institute of Technology that advances solutions from tech entrepreneurs to address pressing global issues A Nigerian digital content distribution platform, Publiseer, has been selected for the Massachusetts Institute of Technology (MIT) Solve Global Challenges.MIT Solve is a business incubator from the Massachusetts Institute of Technology that advances solutions from tech entrepreneurs to address pressing global issues by connecting innovators with resources such as expertise, human capital, technology, and funding.MIT Solve ChallengesEvery year, MIT aims to find potential teams around the world who can have success in Economic Prosperity, Health, Learning, and Sustainability.Solve then enables these teams to connect with its global community of private, public, and nonprofit leaders to form partnerships.In a statement on its website, Solve’s Global Challenges offer more than $650,000 in potential funding.Last year, almost 1,000 people across 103 countries submitted solutions to Solve’s four challenges. Solve’s open challenges include ‘Work of the Future’, ‘Frontlines of Health’, ‘Coastal Communities’, and ‘teachers Educators’. Solve has many key advisors, including Laurene Powell Jobs, Colin M. Angle, and Ursula M. Burns.Chidi Nwaogu, Publiseer’s CEO and Co-founder told Business Insider Sub-Saharan Africa in an email note on Monday, July 9, 2018, that the selection is a good news for the startup and good thing for the firm that prestigious institutions around the world believe in African startups and the solutions Publiseer offer.“I’m excited. It’s good knowing that prestigious institutions around the world believe in African startups and the solutions we offer.” On what MIT challenge will offer the Nigerian startup, Nwaogu said: “I believe MIT Solve will bring Publiseer the exposure it needs as a startup company. Earlier this year, we were finalists at a Harvard Business School competition, and it really placed us in the light. Apart from the resources, technology and funding, we’re most excited about the feedback and exposure it will bring.”On Venture capitalist, Nwaogu said Publiseer is open to any venture capitalist. “Yes, Publiseer is open to any venture capitalist, and we are ready to take seed funding,” he told Business Insider.He said the startup firm is working on distributing and monetizing music videos and audiobooks of African writers and musicians. “These are features we will launch in the following months.”Publiseer is a digital publishing platform in Nigeria, which helps African writers and musicians from low-income communities in Africa, to distribute and monetize their creative works across over 400 digital stores in 100 countries.Founded by Chidi Nwaogu and Chika Nwaogu, Nigerian computer programmers and serial Internet entrepreneurs, Publiseer has distributed and monetized over 600 creative works.Since August 2017, Publiseer has been addressing the issue of digital content distribution and monetization in Africa giving independent writers and musicians from low-income communities the opportunity to earn a living from their craft.In the first-quarter of 2018, the Nigerian startup reported a profit of over $10,000 without any venture investment.Also from Business Insider Sub-Sahara Africa:Tech giant extended its Launchpad Accelerator programme to 12 African countriesThe African Econometric Society will host renowned economists in Benin Republic next weekHere is why Unilever Nigeria is selling its Blue Band brandLondon City’s Mayor, Charles Bowman was in Lagos to discuss possible collaborations in fintech, here are the highlightsNigeria’s online savings platform secures $1.1 million seed funding to develop its products and expand massivelyThese 6 banks invested N155.45 billion into the sinking fund in 3 yearsNigeria approves framework that will see a new price for dataInstagram now allows you post an hour-long video with IGTV, here’s how it worksThis is how N1.
