The Nigerian Communications Satellite Limited (NIGCOMSAT) has introduced an Acceleration Program whose target is startups and tech businesses leveraging satellite technology to address everyday challenges across various sectors.
These sectors include, but are not limited to, space-tech, agri-tech, fintech, ed-tech, health-tech, and cybersecurity.
Says Jane Egerton-Idehen (MD/CEO, NIGCOMSAT): “It is no secret that bootstrapped startups and tech businesses are the brides of investors this season. The funding landscape has shifted, and access to capital is no longer as straightforward as it used to be. Consequently, businesses may find it challenging to secure private capital, especially women and founders from atypical backgrounds.
“Additionally, the data shows that startups encounter difficulties in finding advisors and talent. Low success rates for startups in gaining the support of advisors might even increase failure rates”.
Ms. Egerton-Idehen adds that the utility of the NIGCOMSAT Accelerator is that it has been crafted to directly address the listed challenges by supporting businesses that make it to the cohort with advisors, mentors, and/or coaches. Business owners will also receive support in accessing funds via partners if required.
Businesses and startups are encouraged to apply here for the program.