Zinox boss donates N50m to NCS innovation, development fund
The Chairman, Zinox Group, Leo Stan Ekeh, has donated N50 million to an Innovation and Development Fund set up by the Nigeria Computer Society (NCS).
Ekeh announced the donation on behalf of Zinox Group during the 2021 National Information Technology Merit Awards (NITMA) in Lagos recently, with the cheque presentation ceremony held at the corporate headquarters of Zinox in Gbagada, Lagos.
Ekeh was honoured in 2011 with the pioneer IT Personality award of the association for his incisive entrepreneurship and positive disruption in the tech sector.
The Innovation & Development Fund, set up by the NCS, the umbrella body of all information technology professionals, interest groups and stakeholders in Nigeria, is geared at creating the much-needed resources and backing to support research and innovation in Information Technology. Furthermore, the fund, which was officially launched at the NITMA awards, is to aid start-ups in transforming their ideas into working systems for national development.
Speaking while announcing his donation, Ekeh, Chief Launcher at the event, commended the Executive Council of the NCS for birthing the idea of an innovation hub that would incubate start-ups and foster the spirit of creative genius which abounds in Nigeria’s increasingly tech-focused youths.
Ekeh revealed that his grant would see the immediate release of the sum of N20 million for the fund and subsequent yearly donations of the sum of N10 million respectively in the next three years.
He also appealed to other stakeholders to support this initiative to ‘‘train our brothers and sisters who shall lead globally certified multinational companies in the second quarter of this century which is almost here with us.’’