Applications are now open for the Wema Bank Hackaholics 7.0 Innovation Challenge 2026, a flagship open innovation programme designed to support tech enthusiasts, creatives, and developers building transformative startups.
The programme provides up to ₦200 million in cash prizes, industry mentorship, and direct access to banking APIs to help founders scale their ventures and refine their business models.
Backed by Wema Bank under the theme “Powering Possibilities,” the initiative targets innovators and early-stage startups solving real-world market problems across Africa’s emerging technology sectors.
Also check: Nigerian startup founders can get $100,000 funding through the iDICE Startup Bridge accelerator
Support for successful applicants of Wema Bank Hackaholics 7.0
Selected participants will receive structured support aimed at strengthening their startups and preparing them for scalability and market expansion.
Funding & Prizes: Participants stand a chance to win a share of ₦200 million in cash prizes and non-equity funding to refine, launch, and scale their solutions.
Expert Mentorship: Founders will receive guidance from industry professionals on product-market fit, regulatory compliance, and business growth strategies.
Tech Infrastructure Access: Innovators will gain hands-on enterprise exposure by building and testing their solutions using Wema Bank’s APIs and digital tools.
Focus Sectors
The programme is open to startups operating in sectors including:
- Financial Inclusion (FinTech)
- Healthcare
- Education
- Digital Transformation
- Sustainability
- Social Impact
- Future of Work
Eligibility
Applicants should meet the following criteria:
- Startup must be led by developers, designers, social innovators, or creative thinkers operating in Africa.
- The venture should have a clear, tech-driven solution addressing a pressing real-world challenge.
- The startup must demonstrate strong market potential, scalability, and a clear value proposition.
- Teams must consist of a maximum of three members, including at least one actively participating founder or senior decision-maker.
Programme Timeline
Applications Open: Currently Open
Application Deadline: Rolling (Exact closing date to be confirmed by Wema Bank)
Participants will receive:
Access to massive non-equity funding opportunities
National exposure and potential strategic partnerships
Post-programme momentum through the Hackaholics Accelerator Programme
How to Apply
Interested developers, founders, and problem-solvers across Africa can click here to read more and submit their applications before the window closes.