Three start-ups to pitch to Nigerian president for money
09 Aug 2016
In a bid to promote entrepreneurship and innovation, the Nigerian government launched a first-of-its-kind initiative: a pitch competition for start-ups. It is called Aso Villa Demo Day 2016 and has the active support of the Nigerian president.
Thirty companies have qualified to pitch to no-one less than Muhammadu Buhari, president of Nigeria, for funds and a strategic partnership with the state, at the first pitch event. The date of the big event will be “announced shortly”, according to an official statement.
The 30 qualifiers were shortlisted after a national pitch contest, which was organized in three geographic zones, namely Lagos, Port Harcourt and Abuja.
In a politically-driven economy such as Nigeria, getting exposure to the president and other top government and corporate juggernauts, can provide crucial capital and powerful partnerships, that could positively impact the small companies.