The Innovest Ignite Lagos accelerator, in collaboration with Techpoint Africa, has put plans in place to support 5,000 African startups over six years. It provides mentorship, funding, and a global network to early-stage Nigerian startups. Three startups will receive $20,000 in equity funding at the program’s conclusion, with continued support for all participants.
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This is a glimpse of the ten startups selected for the program:
- Lucred: Offers users credit of up to ₦200,000 for use at over 1,000 merchant locations, with quick approval times.
- Influsights: Streamlines influencer marketing campaigns for businesses and provides valuable insights.
- Mage: Provides financial services tailored to creative businesses, including spend management, payments, and credit, along with analytics tools.
- Bunce: A payment automation and customer value management platform helping businesses identify revenue opportunities and enhance services.
- SmartPharm: Enables users to access healthcare products through its app, saving time and providing location-based pharmacy information.
- Pap: A gamified search engine assisting climate-friendly projects in raising capital, with users earning points for rewards.
- Belarush: Facilitates food and grocery delivery for Nigerian universities, with over 15,000 orders delivered since March 2023.
- Run: Offers last-mile delivery services to businesses and individuals, completing over 150,000 deliveries in three years.
- OfficeAjo: Digitizes the traditional ‘ajo’ system, allowing verified employees to contribute and withdraw specific amounts from a pool for interest-free financing.
- Blueroomcare: Provides affordable therapy solutions to Nigerians, offering access to qualified therapists and faith-based counseling.
These startups represent a diverse range of innovative solutions addressing various challenges in Nigeria, from financial services to healthcare and delivery logistics.
With the support of the Innovest Ignite Lagos accelerator, these ventures are poised to make a significant impact on the local ecosystem and beyond.
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