The SIA Foundation and TheNest Innovation Technology Park have partnered to launch the second cohort of the SIA Startup Foundry, an incubator program designed to empower early-stage Nigerian startups. This program provides vital resources and mentorship to help entrepreneurs refine their business models and accelerate growth.
Program Benefits:
- Seed Funding: Six winning businesses will share $10,000 in grant funding: $3,000 for first place, $2,000 each for two second-place winners, and $1,000 each for three additional winners.
- Comprehensive Training: Participants will engage in a four-week online bootcamp covering key areas of business development, strategy refinement, and market positioning.
- Mentorship and Networking: The program offers access to industry experts and a valuable network of fellow entrepreneurs, fostering guidance and collaboration.
Eligibility Requirements:
- Operational Tenure: Businesses must have been operating for 1-2 years.
- Founder’s Age: Applicants must be between 20 and 35 years old.
- Focus Areas: Startups must be technology-enabled and operate in sectors such as healthcare, education, agriculture, light manufacturing, renewable energy, or recycling.
Application Process:
- Online Submission: Applicants must complete the online application form on the SIA Foundation’s website and submit a regulatory ID card, business plan with financial projections, and a three-month bank statement.
- Interview and Pitch: Shortlisted candidates will participate in video interviews and submit a pitch video.
- Demo Day: Finalists will present their business ideas to a panel of judges at a demo day in Lagos.
Nigerian entrepreneurs seeking to take their startups to the next level are encouraged to apply.
Application Deadline: February 28, 2025.
For more information and to apply, please visit the website.