Despite the harsh economic conditions of last year due to the covid-19 pandemic and the resulting lockdown, African start-ups were still able to raise a substantial amount of venture capital. According to the latest WeeTracker venture capital report for 2020, African start-ups raised $727.27million from 478 Venture Capital deals in 2020. Not surprisingly, Nigeria tops the list like previous years.
However, the road to raising funding, or accessing other required support for Nigerian startups is neither straightforward nor easy. To help ease this challenge, Stanbic IBTC and Founder Institute Lagos recently released the updated Lagos Startup Resources List – a repository of over 500 startup ecosystem players in Lagos State, Nigeria’s economic and technology capital.
This project was led by the Lagos Directors; Ifedy Eze, Wande Adalemo, Rotimi Fasuyi, Omobola Omofaiye, Chika Nwogu and Adeboye Idowu.
Chukwuemeka Fred Agbata Jnr., Regional Director for Africa, Founder Institute, said:
“Our primary focus at FI Lagos is to add value to early-stage entrepreneurs by providing all the support and resources they need to develop and make their ideas a reality in the present ecosystem. On this premise, the team – with their vast and varied experience in entrepreneurship and the startup ecosystem, prioritized creating this database to make the startup journey easier. This Resource List benefits all members of the ecosystem, and we also thank all the builders and pillars of the ecosystem for the hard work of supporting Nigerian innovation.”
The resource document which FI Lagos says requires input from users and ecosystem builders list over 300 accelerators, investors, and incubators along with other information. They have created a collaborative Google document to collate additional information and make the document a 100% resource for upcoming startup-up founders.
Featured Image Source: Founder Institute Lagos