Wednesday, May 18, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Access Bank begins accelerator programme with N10m

Ehime Alex by Ehime Alex
February 25, 2021
in INNOVATION
0
Access Bank begins accelerator programme with N10m
3
SHARES
11
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Africa FinTech Foundry, an initiative of Access Bank, has begun its accelerator programme with a commitment of N10m in cash to the top three finalists.

The initiative is set to empower emerging start-ups with mentorship programmes, advisory, the bank stated on Thursday.

READ ALSO

Taking the ‘Russophobic’ threat seriously

Fintech listings on NGX: The underlying issues

Speaking on the sidelines of a recent event, the Head of AFF, Daniel Awe, said the foundry was committed to empowering start-ups with resources and ensuring they were equipped to scale their businesses.

Read Also:

  • AI, tech and accounting profession
    AI, tech and accounting profession
  • Grant, loan and bootstrapping for SMEs
    Grant, loan and bootstrapping for SMEs
  • Time for a New Beginning
    Time for a New Beginning

“If a start-up has an idea and you throw it into a market of 42 million customers, the acceleration is going to be faster. So, it is using the entire ecosystem of our group to build the future of the country.

“In the next 10 years, we see these guys coming here becoming a unicorn worth over $100m, and a season is coming when we would see these start-ups becoming the next drivers of our economy,” Awe said.

Explaining how funding would be made available for the start-ups, he added, “Funding is based on ideas and what would be required to move the idea forward. We have a commitment of about N10m. After they come into the accelerator programme, there are a top three, but the other ones are going to be exposed to investors.

“This initiative would have a direct impact on the economy because it is targeted at the medium-scale businesses, and these are the businesses that can change economies in terms of reducing employment rate and socio-economic levels.”

The Head of Retail Product Insight and Capabilities at Access Bank, Rob Giles, also spoke at the event. “We are looking for companies with ideas that can solve real world problems, and we are different from venture capital firms because we offer an environment where start-ups can be supported, nurtured, advised and get access to people who are further ahead on their journey, like mentors.

“We have seen three companies that can go all the way and our job is to make sure they stay the course and structure their foundations from the very beginning that would allow them to scale.”

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Taking the 'Russophobic' threat seriously
Front Page

Taking the ‘Russophobic’ threat seriously

April 4, 2022
Gaining financial freedom via tech
Front Page

Fintech listings on NGX: The underlying issues

March 8, 2022
Data security concerns amid cloud adoption
Front Page

Data security concerns amid cloud adoption

February 21, 2022
What hope for Lagos tech park?
Front Page

What hope for Lagos tech park?

February 17, 2022
Need to expand Nigeria's fintech space
Front Page

Need to expand Nigeria’s fintech space

December 9, 2021
Four Nigerian startups get NCC’s N20m grant
Front Page

Four Nigerian startups get NCC’s N20m grant

November 5, 2021
Next Post
Freight forwarders protest delay in cargo clearance at Kirikiri

NPA, shippers, others join forces for onboard cargo inspection


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Grant, loan and bootstrapping for SMEs

Grant, loan and bootstrapping for SMEs

May 18, 2022
Collaboration in economic space

Collaboration in economic space

May 17, 2022
Nigerian bank partners Aussie hub to fund education loan

Nigerian bank partners Aussie hub to fund education loan

May 16, 2022
AI, tech and accounting profession

AI, tech and accounting profession

May 16, 2022
Investors gain N109.2bn as Nigerian stock market rebounds

NGX returns N1.17tn gain, inches up further

May 16, 2022
Chronicling Obiano’s achievements in Akpokuedike

Chronicling Obiano’s achievements in Akpokuedike 

May 12, 2022
What Soludo’s emergence as governor-elect means to South East

Time for a New Beginning

May 11, 2022

TRENDING

  • Recapitalisation: PenCom, PFAs and workers' plight

    Recapitalisation: PenCom, PFAs and workers’ plight

    2 shares
    Share 0 Tweet 0
  • Time for a New Beginning

    2 shares
    Share 0 Tweet 0
  • Chronicling Obiano’s achievements in Akpokuedike 

    2 shares
    Share 0 Tweet 0
  • AI, tech and accounting profession

    0 shares
    Share 0 Tweet 0
  • The world of POS fraudsters

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Posting....