Funding Gap, Not Ideas, Killing Nigerian Startups, Warns Bet9ja Foundation as Schooled Afrika Wins ₦10m
Thisdaylive
Bet9ja Foundation highlights funding as the primary barrier for Nigerian startups, not lack of ideas, after awarding ₦10m to Schooled Afrika at its pitch night.Summary
The Bet9ja Foundation's ScaleUp Business Pitch Night 2.0 awarded ₦10 million to Schooled Afrika, an EdTech platform, emphasizing that funding, not ideas, is the critical challenge for Nigerian startups. Out of 900 applications, 10 startups were selected for a 10-week program offering mentorship and grants. The initiative aims to address limited investor access and support entrepreneurs across sectors like EdTech and HealthTech. Alumni reported growth and international funding, underscoring the program's impact. Judges prioritized sustainability, and the Foundation stresses that structured support is essential for scaling Nigerian innovations.
(Source：Thisdaylive)