ARM Labs Innovation Program 2023 for Early Stage Startups (US$50,000 Funding)

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The ARM Innovation Program focus on early-stage startups that are post-MVP and operating within the FinTech, Digital Trade, Data Intelligence and PensionTech space in Nigeria;

These startups should have a well-rounded, complementary team for product vision (what to build), technology (how to build it), and business (how to make money from it) and should be solving an important problem for a highly engaged set of customers.

The Selection Criteria

Applications will be reviewed on an ongoing basis. At the end of the application process, the selection will happen in 3 stages

STAGE 1: Screen applications and shortlist the Top 30 most innovative value propositions

STAGE 2: Review the Top 30 startups and shortlist Top 15 startups using Product Validation and High-level Due Diligence Check

STAGE 3: The last stage of the screening process entails conducting individual interviews with the top 15 startups in a rotational manner. Each startup is evaluated independently using an e-scoring tool. The program will select the top 5 startups with the highest scores for admission

Benefits of the Program

Access To Funding

Direct equity funding for the selected startups worth $50,000 each in equity


Accepted startups enjoy hands-on mentorship from leaders in the FinTech sector.


Provision of Office workspace for the selected startups (workspace can sit up to 5 people per startup)

Access To Investors

Startups will get introduced to a network of investors at the end of the program for possible follow-on investments.

Access To The Program’s Alumni Network

Startups get to meet previous cohort founders and learn from their experience firsthand.

Checkout our latest monthly opportunities you can apply for


Deadline for applications is 15 June 2023

Visit ARM Labs Innovation Program for more information and how to apply

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