Moolu Venture Lab and partners has introduced the NextechCzar, an incubation-event Initiative for startups in Nigeria.
The main goal of the NextechCzar is to identify, recognize, nurture, and finance the next-generation of iconic innovative solutions capable of stimulating economic growth, improving the nation’s productivity, and generating employment opportunities.
The Initiative aims to promote and facilitate creativity within the digital sector, supporting new solutions that can bring about cost-effective, scalable, and transformative positive changes.
Who should apply for NextechCzar Incubation Program
The NextechCzar focuses on technology-enabled businesses in key sectors such as financial services, agriculture, health, education, circular economy, e-mobility, e-commerce, marketplaces, renewables, power, and climate. These sectors were chosen due to the significant impact innovations in these areas can have on the Nigerian economy. Applications from innovative businesses operating within these sectors will be evaluated by a panel of expert judges.
The program has two tracks. The Early stage track for innovative startups yet to find thier product market validation and the Growth phasefor post revenue startups.
Women-led founders are highly encouraged to apply.
This initiative represents a multi-year commitment by the Moolu Venture Lab to empower emerging Nigerian innovators, aiming to boost the growth of the digital economy. Equity funding will be provided after the program to participating Startups.
What to expect:
Acceleration Phase: Innovators who pass the initial screening will enter an intensive 16-week accelerator program led by technical experts. This program aims to mentor and equip innovators with the necessary tools for success.
Final Phase (Demo Day): finalists from the program will each have an allocated slot to present their pitch to the judging panel. This panel will consist of technical and venture partners as well as a mix of local and international technology industry experts and investors.
Other Funding Opportunities for Startups
Deadline for all applications is January 6 2023
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