Business

Ogun partners GetFundedAfrica, to benefit from $34bn innovation economy

As part of efforts to increase the number of tech startups in the Information and Communication Technology (ICT) in Ogun State and benefit from the $34 billion innovation economy, the state government has agreed on a partnership with GetFundedAfrica.

According to a statement issued on Saturday by the Chief Press Secretary to the Ogun State Governor, Kunle Somorin, the partnership was to enable Ogun benefit from the venture capital flows into Africa.

Somorin said the partnership by the state through its Bureau of Information Communication Technology (BICT) was to make Ogun State, starting with Abeokuta, an innovation state and destination of venture capital flows, which according to him is in the fulfilment of Governor Dapo Abiodun’s development initiatives and leveraging technology and innovation to build Nigeria’s first Silicon Valley.

He stated that GetFundedAfrica is a pan-African venture service platform that matches startups, investors, corporates, and governments, and helped African startups raise over $150m in 2021.

READ ALSO: Abiodun: ASUU, FG’s face-off no more about who’s right or wrong

Quoting the Head of BICT and the Special Adviser to the governor on ICT, Dayo Abiodun, the statement noted that Ogun as Nigeria’s industrial hub and home to the highest number of tertiary institutions in the country is focused on unlocking a $34 billion innovation economy and happy to partner with GetFundedAfrica to achieve the ICT objective set by the governor.

The statement that further quoted the Commissioner for Finance and  Chief Economic Adviser, Dapo Okubadejo, that the partnership is already yielding fruit as 20 startups are in the process of relocating to the Ogun Tech Hub in Abeokuta, also echoed the Chief Commercial Officer of GetFundedAfrica, Tunji Oke, that over the next 36 months, no fewer than 400 startups from across Africa would be brought and help Ogun to unlock billions of dollars in innovation.

“The first batch of 20 startups cut across verticals such as Fintech, Agritech, Healthtech, Software Development, Training and Talent Recruitment and are startups from Nigeria, Uganda, UAE, Kenya, and  Germany, will be helped by GetFundedAfrica with fundraising, mentors, coaching, corporates, media and more. The state will support with visa, insurance, office spaces, utilities, and more,” the statement added.

The Star

Segun Ojo

Recent Posts

Davido reveals tracklist for ‘Oriade’ album ahead of July 31 release

Afrobeats star David Adeleke, fondly called Davido, has unveiled the official tracklist for his highly…

3 hours ago

Gunmen abduct three FULafia students

Three students of the Federal University of Lafia (FULafia) have been abducted by gunmen from…

4 hours ago

How I escaped DSS raid on my home in 2021 — Sunday Igboho

Yoruba Nation agitator Sunday Adeyemo, popularly known as Sunday Igboho, has recounted how he escaped…

4 hours ago

BUK, Northwest students lament delayed NELFUND upkeep payments

Students of Bayero University Kano (BUK) and Northwest University Kano have appealed to the Nigerian…

5 hours ago

Gunmen kill Army colonel, injure wife, others in Abuja

A serving Nigerian Army officer, Colonel Abdussalam Ude, has been killed by gunmen during an…

5 hours ago

Oyo govt receives two surveillance aircraft to boost security operations

The Oyo State Government has taken delivery of two surveillance aircraft acquired to strengthen intelligence…

5 hours ago

This website uses cookies.