SIA Startup Foundry Incubator program For Startups ( up to $10,000 seed capital)

SIA Startup Foundry is an incubation program that provides a conducive atmosphere for businesses to develop their ideas, enhance their business models, and realize their goals.

Nigerians have an unmistakable entrepreneurial spirit. With a thriving economy and an infusion of creative businesses, there is a distinct sense of development and expansion. However, these great ideas and initiatives frequently encounter hurdles, ranging from financial limits to skill gaps and infrastructural challenges.

We are pleased to announce our collaboration with the Metropolitan School of Business UK in the launch of our pilot Startup Foundry. Together, we aim to sculpt the future leaders of industry through our top-tier bootcamp training. But that’s not all – in our commitment to turning dreams into reality, we are also setting up a seed fund. Five outstanding startups will have the opportunity to secure a portion of a $10,000 seed fund, providing them with the much-needed boost to kickstart or scale their operations.

If you believe your idea has the potential to revolutionize the market, now is your chance! Dive in, and let us be the wind beneath your wings.

In the 2023 Global Entrepreneurship Monitor report, Nigeria leads Africa with an impressive 41.5% entrepreneurial activity rate. Startups surged by 35% in two years, and Lagos alone saw a 45% spike in startup registrations in 2022. The tech ecosystem shines especially bright with 400+ active startups and over $1 billion funding last year. Yet, many startups grapple with management skills,  financial access, mentorship, infrastructure, and regulatory hurdles.

SIA Foundation’s Startup Foundry is poised to transform 40 businesses in 6 months. We’re offering financing, mentorship, co-working spaces, skill training, and networking opportunities to drive startups challenges and amplify Nigeria’s entrepreneurial vibrancy.