Why Are Nigerian Start-ups Left Out of VC Funding?
Recently, I’ve been discussing with some angel investors, incubators and venture capitalists and its obvious that people are watching the Nigerian web space to identify innovations and entrepreneurial ideas that could be incubated or funded. In the coming months, I’ll be working with these individuals and companies to identify and develop entrepreneurs from Nigeria.
While there are a few challenges with VC funding in Nigeria, considering the fact that foreign investors need to be educated first about the trends and prospects in a given investment area, I’m also interested in seeing every big business in Nigeria loan a small fund to kick-start a small business start-up. Is this possible?
Apart from start-up funding, young entrepreneurs in Nigeria need some help in learning how to set up and grow a real online business start-up. Thus, there is a need for training of software enthusiasts in Nigeria on the newest web applications.