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[News Flash] Tekedia Receives $10,000 In Funding – Will Expand Contributions Across Africa

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Tekedia, today, received $10,000 from  a US tech journalist. We do not have great statistics. We do not have blow-out audience. We do not  even have the history – just about a month old. In short, the statistics has been a bumper ride -goes up and goes down.

 

Yet, he emailed us that he liked the simplicity of our blog and the interview we gave a Nigerian professor. He was of the opinion that if we continue that, we will go mainstream very soon.

 

The investment will be realized if tekedia is acquired in future as Africa’s arm of a leading global brand or even bought internally from a Nigerian publisher. We do not even know what we are doing or what we plan to do.

 

We are not going to promise anything better or clever than we will expand the reach here. But the site will remain clean and simple.

 

This injection is not related to Fasmicro.  It is strictly for Tekedia – no equity exchanged hands, just a special arrangement.  You will be reading a guest post from a tech leader very soon here. We think Tekedia can become an icon. We are still looking for a  plan that will work best and if you have an idea, please send to us.

 

We will continue to accept articles and contributions and you can promote your business here. Our model is not built on Google Adsense.  Our ad rates are ridiculously cheap : starting from $50  per month.

 

Are You Out-Innovating Your Competitors? InnoCentive Can Help

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It is called open innovation. It is called crowd sourcing. One thing is certain: You can become innovative by tapping the wisdom of others.Oh yes, the innovation you need in your business must not be completely  done internally.

 

After all, the world is more competitive than ever and your current innovation processes and systems are failing to keep up. The cost of innovation is increasing while the returns are diminishing. Imagine harnessing your employees, customers, users, and an entire planet of innovators to get ahead of your competitors. The value and returns are indisputable for organizations that adopt, and increasingly, those that don’t will be disadvantaged.

 

This is where InnoCentive comes into play.

 

InnoCentive has pioneered a proven innovation framework that accelerates traditional innovation outcomes by leveraging open innovation and crowdsourcing to connect Seekers to internal and external communities of problem Solvers to find solutions to their most pressing Challenges.

We offer a full line of open innovation solutions to help you accelerate innovation while reducing the cost and risk:

  • Public Challenges: Connect to a world of diverse innovators through our Global Solver Community of millions and growing.
  • Private Innovation Communities: Harness your own employees and private communities of innovators like retirees, alumni, partners, and customers.
  • Grand Challenges: Implement large scale innovation programs that have far-reaching consequences in the areas of human health, public safety, education, energy, sustainability, and the environment.
  • Pavilions and Innovation Communities: Attract and manage your own public innovation communities as well as enhance your brand.
  • Challenge Marketing Services: Leverage digital/social media and syndication channels to promote your Challenges and expand your reach.
  • Professional Development and Training: Build sustainable open innovation programs throughout your organization.
  • Strategic Consulting: Adopt innovation best practices through needs assessment, benchmarking, and strategic advisory services.

 

Outsource That Challenge – IdeaConnection Is Available To Help

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Do you have a challenge?

 

  • Do you have a critical path problem that needs a solution?
  • Are there some back-burner projects that should be brought to fruition?
  • Is there a technology you want to acquire, but the IP belongs to a competitor?
  • Do you have a new project to launch and don’t want to risk assets against failure?
  • Is there some R&D that you want done now, but don’t have the resources?
  • Do you want some work done in parallel to what your team is currently working on?
  • Do you want to source a technology or a material for a new project?
  • Are you trying to find a company to partner or collaborate with?

 

If so, then IdeaConnection can hekp you.

 

IdeaConnection builds solution teams from a secure network of brilliant experts, each managed by a world class facilitator. By combining expertise and diverse perspectives, we provide you with solutions and insights not normally achievable by individuals working alone. We only accept client challenges we believe can be solved – we focus on productive success.

 

What about the IP issues?

When you accept and pay for a solution, the intellectual property is transferred from the Problem Solvers to you. Every Solver has already contractually agreed to transfer before they began working on your challenge.

Is Your Recommendation Algorithm Worth $1m? Overstock Wants To Know

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It is simple: Is your recommendation algorithm worth $1m? If it is, then, Overstock could be paying you.  Or if your own is not good enough, you can still nominate someone for RecLab Prize. Nominations will be accepted until June 15, 2011. Read more about this opportunity for the tech wants.

 

Online product recommendations are among the shopping tools most widely used by consumers who need to easily find relevant and enticing products from the millions available online. Overstock.com has worked with RichRelevance since 2009 to present shoppers with dynamic recommendations that grow smarter over time and accurately reflect more than 60 different ways that people shop on the site (by price, by brand, by category). Now Overstock.com is partnering with RichRelevance to open up this real-world business challenge to the academic community, challenging academic researchers to advance the state of the art in personalized product recommendations by crafting an algorithm that delivers a 10% or greater lift over existing product recommendations on Overstock.com. If no team achieves a 10% lift, then smaller prizes will be awarded. A brief overview of the contest follows.

Contest Prizes:
  • Maximum Prize: $1,000,000
    The winning team will receive a cash prize of $100,000 USD multiplied by the percentage that the entrant’s algorithm performed over RichRelevance’s algorithm—up to a maximum amount of $1,000,000. For example, if the winner produced 3.34% more revenue per session than RichRelevance’s algorithm, the winner will receive $330,000.
  • Institution Prize: up to $250,000
    Should the winning team be affiliated with an educational institution, up to 25% of the prize amount (funded separately from the Team Winner’s Prize) can be allocated to the educational institution(s).
Registration
  • To register, visit http://overstockreclabprize.com/teams/register and complete the registration form

 

Winning
  • To compete in the competition, your submission must be one of ten top Semi-Finalists chosen by a peer review committee appointed by Overstock.com and RichRelevance.
  • If any of the Semi-Finalists produce 1% more revenue per session than existing algorithms, then the top three submissions (as measured by revenue per session) will be run on 10% of sessions each for an additional three weeks. The best performing of these algorithms, as judged by increase in revenue per session over the existing algorithms, will be eligible for a prize of up to $1,000,000.
  • Competition Submission Deadline:
    Dec. 1, 2011
  • Ovim Bloggers Day – Ovim Tablet Is Possibly Nigeria’s Fastest Selling Local Brand

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    Fasmicro and Microscale will host Nigerian bloggers in Lagos in  August to officially launch Ovim Tablet with them. This will give them the opportunity to ask questions as we build a brand in the nation. The new Ovim Plus arrives next week. Ovim is out of stock in Lagos, but you can still buy Ovim classic in  Owerri. Ovim Plus is available NOW in Lagos and Owerri offices of Fasmicro.

    We will communicate  more information on time and date in coming days. If you want to attend this program, please email us or just confirm via twitter @fasmicro. We truly want to have an opportunity to  celebrate this product while seeking an opportunity to promote it.

    Ovim is used by many Co-op members of the NNPC. Though statistics is scarce, we think we are the fastest selling local tablet in Nigeria with excess of 800 units. Ovim is also used in the Government House of Abia State. Even in NASENI lab. We have arrangement now to sell to some universities in the Mobility Virtual Classroom project.

    New markets are evolving and we are more than confident that we will do well – we do not sell just the hardware, we provide services. The MVC is to enable classrooms to be wired and transformed into a mobile classroom so that any student with the right tool and access can attend lectures right from Ovim tablet. Our first university client is worked out and we see this as a huge opportunity. All the software and connectivity tools are developed in-house by our engineers – the creators of Africa’s 1st Android apps store.

    Ovim is a product of Famsicro and Microscale