A company based on some sort of innovation (technology, business model, business process, or other innovation) that gives it a significant competitive advantage when compared to existing companies
A Company with medium to long-term focus on selling their product offering at a regional or global level (e.g., other markets in Africa and/or globally)
A Company willing to sell equity in their company to support ambitious growth plans
An organisation employing two people or more and generating revenues between USD 2,000 to USD 100,000 annually*
The ventures, in addition, are expected to have:
Been registered and operating in Nigeria
Built a team – minimum of two members
Validated the problem
Developed and began testing an MVP (Product-Market fit)
Ambitious vision – tackling a big problem that directly impacts one of the United Nation’s Sustainability Development Goals
Knowledge of their market
Diversity & Inclusion commitment – gender, race/ethnicity, etc.
Willingness and capacity to contribute financial resources towards expansion activities
Present a comprehensive business plan/expansion strategy