FMDQ and Oxford Foundry Global Partnership

The Oxford Foundry, University of Oxford and FMDQ Private Markets Limited, a subsidiary of FMDQ Group, Africa’s first vertically integrated financial market infrastructure group, have launched a Global Partnership to accelerate the growth of Nigeria’s start-up ecosystem and nurture a future generation of young Nigerian leaders in entrepreneurship, through knowledge exchange and collaboration. The partnership will support Nigeria’s future business leaders and high-growth start-ups to access the networks and skills they need to grow and sustain their businesses, create jobs and inclusive socio-economic growth, and facilitate the growth of Nigeria’s venture ecosystem.

Nigeria has one of the largest numbers of technology start-ups in Africa and has been identified as one of the eleven ‘3G’ countries by Citigroup – countries of large growth potential and profitable investment opportunities.

There are an increasing number of programmes to support Nigerian start-ups, with corresponding high demand, implying that there is huge potential and opportunity to create new partnerships to support high-growth potential businesses, and an increased need to access capital. Currently, over 80% of venture funding comes from an entrepreneur’s personal or family savings.

Through this Partnership between the Oxford Foundry and FMDQ Private Markets, bespoke Programmes have been co-created, leveraging the University of Oxford’s global, multidisciplinary networks and Nigeria’s entrepreneurship ecosystem, to support Nigeria’s future business leaders and high-growth start-ups to access the networks, skills, and investment pathways they need to grow their businesses.

The Programme is focused on three (3) key areas:

Upskill – Facilitation of the training of twenty (20) young Nigerian aspiring entrepreneurs and future leaders through the OXFO-FMDQ Young Entrepreneurs Leadership Programme
Grow – Promotion of knowledge exchange and shared best practices across Oxford’s and Nigeria’s angel investment communities, through roundtables and relationship-building initiatives
Accelerate – Acceleration of five (5) high-potential Nigerian start-ups through a tailor-made OXFO-FMDQ Start-up Bootcamp – Innovate Nigeria Programme, to scale up transformative social and economic impact in Nigeria. The Programme leverages the Oxford Foundry’s unparalleled assets, including networks, partnerships and a venture building and leadership curriculum delivered by some of the world’s leading experts

For further information on the FMDQ Private Markets and Oxford Foundry Partnership please click here.


Ms. Ana Bakshi

“I am sincerely pleased to launch our first global partnership with FMDQ and in Nigeria. Nigeria has one of the largest numbers of tech start-ups in Africa, and Africa is a continent of immense entrepreneurial talent and high-growth venture potential. There is huge opportunity to invest in the future generation of global entrepreneurs and leaders who will come from across the continent and this first partnership is an important step to build new relationships and learn from other entrepreneurial ecosystems. Now more than ever, it’s vital that we share our resources, access to networks and opportunities, and work together across geographical boundaries to benefit society, create jobs and boost economies. We want to open the Oxford Foundry up to the world, and together, support the next generation of entrepreneurs and leaders to create the purpose-led impact and positive change we all need to see.”
Ms. Ana Bakshi,
Executive Director, Oxford Foundry
Mr. Bola Onadele
Chief Executive Officer, FMDQ Group

Mr. Bola Onadele. Koko

“We are delighted to partner with Oxford Foundry on this laudable initiative and we believe this partnership’s emphasis on providing critical support for high growth businesses that will create significant amounts of incremental jobs in addition to capital access is a most welcome fit with FMDQ’s mission of collaborating to empower markets for economic progress towards delivering prosperity. It is vital that young Nigerian start-up companies and high growth SMEs are provided with the skills and mentorship to overcome the barriers to successfully accessing capital and growing their businesses and FMDQ intends that the key programmes under the partnership will develop Nigeria’s young entrepreneurs into business and organisational leaders. It’s also notable that the partnership will extend FMDQ Private Market’s SCALE (Start-up Capital Access & Liquidity Ecosystem) concept enabling it to connect with various members of the start-up ecosystem in Nigeria and enable start-up and early-stage SMEs companies raise capital, aggregate crucial support services and receive focused mentoring by world class accelerator operators.”
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