The Standard Bank of Malawi says it remains committed to ensuring female students have capacity in the digital space following a support called ‘’the hackathon’’ at the Malawi University of Science and Technology (MUST).
Through the challenge, the bank provided K10 million for the development of ideas meant to address challenges that the bank faces digitally.
As part of the arrangement, in groups the students developed the plans in teams.
From the teams’ pitched ideas, Digital High, Hack Heroes, Infibyte Cyber-Tech, and Tech-Titans emerged outstanding and went away with K400,000; K300,000; K200,000, and K150,000, respectively, in prize money.
Speaking later, Standard Bank Malawi Plc head of commercial banking, Pempho Chalamanda, said they wanted to promote creativity and innovation.
According to Chalamanda, the commitments are open to students and staff within MUST, players in the industry and communities to bring any innovative ideas and those with potential for impact, would be supported through incubation up to commercialisation stage.
“We thought this can best be achieved by bringing together the varied minds of students, professionals, and experts to work on challenging projects that solve real-life issues,” she said.
Meanwhile, MUST Vice Chancellor, Professor Address Malata, said the university aspires to be a go to centre of local solutions for Malawi, especially through MIIRI’s Technology and Innovation Garage.
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