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Tag: Nigerian startups

Nigerian startups receive $220k grant from NSIA
News

Nigerian startups receive $220k grant from NSIA

The Nigeria Sovereign Investment Authority has granted a total of $220,000 to three Nigerian startups through the second edition of its NSIA Prize for Innovation. The winners were announced during the final Demo Day on Saturday, where 10 selected startups presented their innovations. Sycamore, a fintech platform facilitating peer-to-peer lending by leveraging technology to connect […]

News Tech

Nigerian startups that shut down in 2023

The year 2023 proved to be turbulent for startups in Nigeria. Naira devaluation, funding scarcity, and the state of the economy all had a role in the demise of Nigerian startups this year, despite having raised over $70 million in investor capital in the previous two years by these startups who have shut down or […]

Nigerian health-tech startup Clafiya secures $610k pre-seed funding
Tech

Nigerian health-tech startup Clafiya secures $610k pre-seed funding

In a stride toward affordable healthcare services in Africa, Clafiya, innovative health-tech startup, has successfully closed a remarkable $610,000 pre-seed round. The funding, led by esteemed investors like Norrsken Accelerator, Acquired Wisdom Fund, Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, and others, will fuel Clafiya’s rapid growth, support product development, and facilitate the recruitment of […]

Business

Business strategists reveal secret to start-up growth

An idea consultant and strategist, Bayode Oke, has urged startups to give more attention to building structures and strategies to survive and grow in the long-run. According to The PUNCH, Oke made this known at a closed boardroom event tagged, ‘Strategic foresighting: A peep into the future of startups in Nigeria’.The business strategist revealed that […]

Startups

Honeywell begins enrollment for talent development program

Honeywell Group has called on members of the public, entrepreneurs and tech enthusiasts to take part in its fifth talent development program slated for early next year to help salvage the economy.   The talent development is a partnership with the Lagos State Employment Trust Fund, on the ‘Lagos Innovates Programme’ which has benefited over […]

Why 60% Nigerians startups fail- Expert
Business News

Why 60% Nigerians startups fail- Expert

A business expert, Mark Idiahi, has disclosed why 60 per cent of Nigerian startups fail within their first two years. According to The PUNCH, Mr Idiahi who is the Chief Executive Officer of Second Chance Care Foundation, a non-governmental organization stated that many Nigerian startup companies fail because of poor leadership in the country. Idiahi […]