Disrupting Nollywood? A summary of June’s Pitch Friday

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Published: 2022-06-13

Pitch Friday took place on June 10, 2022, and a few business owners and those interested in starting new businesses were in attendance.

In the normal course of events, we would have business owners present their companies or ideas before opening the floor to questions and comments from the public. This time, though, we started out by analyzing various business presentations from the television show Lions Den and figuring out some of the reasons why the "Lions" decided not to invest in certain companies.

Every second Friday of the month is dedicated to the event known as Pitch Friday holds on the second Friday of each month

After that, Ndubuisi Nwiziogoede was called upon to give a presentation about the startup company he co-founded, 02Zed, which develops scriptwriting software for the film business. It is estimated that more than 300,000 people would be working in Nigeria's film industry in 2021, making it one of the country's most important exports.

Despite this, one of the most frequent criticisms leveled against the sector is that it lacks creativity, particularly with regard to its storylines. Nwiziogoede and his team are working to reverse this perception. The firm has the potential to be quite intriguing since it would utilize artificial intelligence to sift scripts of varying quality before presenting them to filmmakers.

A portion of those in attendanceA section of the audience

As is customary, members of the audience voiced their concerns and offered their ideas. While some people didn't believe that this was a problem that needed to be solved by an entrepreneur, others mentioned that concentrating only on movies could be a constraining choice.

Pitch Friday is a monthly event that is held by Techpoint Africa, and the edition for the month of July is scheduled to take place on Friday, July 8, 2022. If you want to be kept up to date on registration information, follow us across all of our social media networks.