Titilayo Medunoye, Founder of Milky Express, Jide Ayegbusi, Founder of Edusko, Isaac Oladipupo, Founder of Afrilearn, Victor Emaye, Founder of Medipal Health care and Kenneth Okonkwo, Founder of IrriTech Services have emerged winners of the Innovation Fund at the Orange Corners Nigeria Incubation Programme Stream 2.
The fund, which is a total of 135,000 EUR Start-up capital with a 75% grant, 25% loan ratio divided amongst the 5 winners.
Orange Corners Nigeria is a Dutch initiative, supported by the Netherlands Enterprise Agency and implemented by Nigeria’s foremost Enterprise Support Organization, FATE Foundation. The programme was launched in Nigeria on July 10, 2019 and to date has supported 40 Entrepreneurswith Enterprise Training, Business Incubation and Advisory Services, Mentoring and Funding valued over 80,000,000 NGN(Eighty Million Naira) for prototype development and testing.
Cohort 2 of the 6-month Orange Corners NigeriaProgramme began February 2020 and rounded up with a business pitch competition in June 25, 2020. The Incubatees pitched their businesses to expert Jury comprising of Tim Spaans; Deputy Programme Manager, Orange Corners, Pradeep Pahalwani; MD Securisk Brokers, and Temitope Onitiri; Partner Audit/CM, KPMG, Nigeria. The Jury also determined the winners of the Orange corners Innovation Fund.
The third Cohort of the 6-month Incubation programme is set to run virtually from July-December, 2020. The programme is open to Aspiring Entrepreneurs resident in Lagos State, between the ages of 18 and 35 with innovative and sustainable solutions that have significant economic and social impact particularly in the Circular Economy, Agribusiness, Health, Education and Creative sectors. Start-ups providing solutions to COVID-19 are encouraged to apply. Application is open to July 15, 2020.
For more details and to apply, visit www.orangecorners.com/nigeria
Cindy K. Ikpe
Community Manager | Orange Corners Nigeria
FATE Foundation