Executive Director of Lead African International, Timi Olarenwaju, says Nigeria is important to the development of Africa startups businesses.
Olanrewaju stated this on Tuesday during interactions with journalists in Lagos at the StartUp Afrika event in partnership with State of Baden-Wurttemberg, Germany.
According to him, the programme is designed to support innovative startups through international exchange and network as well as funding.
” State Ministry of Baden Wurttemberg in Germany and lead Africa came together to train and empower start ups in Nigeria and Africa.”
“We bring the two countries together to share ideas and how they can do business. We have seventeen start up business owners joining us from Europe and others from Africans countries like Uganda, Kenyan, South Africa and Nigeria in particular.”
“We are going to train them and they are going to pitch their ideas and we are also going to select the best ideas and fund them with a little seed grants for their business to scale up. That’s just the basic focus of the event in Nigeria and other African countries.”
“We believe the training and empowerment will play a key role to create a social and ecologically transformed economy in Africa and Baden-Württemberg who funded us.”
In his words “Nigeria was chosen because Nigeria is a focus anywhere, coupled with the population of youths, the market and the all other interests and innovation coming out from here on daily basis.”
“Nigeria is a country nobody can look down on. We received about four hundred applications and selected only three hundred, being the maiden edition in Nigeria, there would be subsequent ones where we would meet and access what they have used the grants for and their business is fearing.”
Philip Keil, the managing Director, Baden-Württemberg Development Cooperation Foundation, Germany, said organization supporting startup business owners in Africa because of the level of innovations coming from the continent.
Keil said the initiative is to showcase some of Africa’s top social entrepreneurs and pioneers in diverse fields, who are creating prototype solutions across both tech and non-tech divides to help Africa
solve its critical challenges around digitization, fashion industry, cleantech and climate change, education and will leverage new technologies to create innovative solutions that have a significant impact on the society and the environment.
“Successful startups stand a chance to win and secure a seed grant of up to 100,000 euros and it would also enhance partnerships between African and German startups, create room for networking and knowledge sharing.
A three day hybrid event will end on Thursday July 29th but has many various experts as panelists.