Equity free tech funding for Nigerian Startups is open in Startup North East Incubation Program, NewswatchNigeria reports.
Launched with the support of the U.S. Embassy, the new program is set to offer funding, mentoring and support for start-ups pioneering robust tech solutions which solve the current inefficiencies around aid distribution and data management in relief efforts across the North East region of Nigeria.
Ventures Platform Foundation, the social impact arm of Ventures Platform Hub, announced the call for applications for Nigerian startups stating that entries will close on December 2nd, 2020.
Speaking at the launch of the program, Mimshach Obioha, Executive Director at Ventures Platform Foundation, says “Since 2009, we have witnessed vulnerable communities ravaged by malnutrition, a lack of hygiene and sanitation, and poor healthcare in one of Nigeria’s deadliest crises since the new millenium. We cannot allow this to slip off our radar – even in the midst of a global pandemic.”
“At Ventures Platform, we have always believed entrepreneurs will play a critical role in building Africa’s future but through Start-Up North East, we are equipping them with the tools to address some of the most pressing problems which our people face today.
“We want mission-driven founders who are ready to improve the livelihoods of underrepresented communities such as those in the North East. We know the talent is there and we are ready to back founders stepping up to make a difference.”
Commenting on the U.S. Embassy’s partnership with Ventures Platform Foundation, Public Affairs Counselor Aruna Amirthnagayam at the U.S. Embassy, stated that;
“The U.S. Embassy to Nigeria works in concert with the government of Nigeria, the international community and many civil society organizations to address the multi-faceted dimensions of the conflict in the North.
“The innovative thinking behind the creation of Start-Up North East brings the determination of young leaders in the North with proven international business methodologies. We are proud to support this incubator program through our Annual Grants Program.”
Recall that Ventures Platform Foundation recently awarded $6,000 to seven different start-ups developing tech solutions to assist the fight against the coronavirus as part of its COVID-19 Innovation Challenge.
Additional details on the Start-Up North East program can be found at startupne.venturesplatform.com and applications close on December 2nd, 2020.
