With the debut of the ARM Labs Innovation Program 5.0, an intense pre-accelerator programme designed to support the nation’s most promising businesses and entrepreneurs, Nigeria’s booming startup ecosystem has achieved an important milestone. Some well-known Nigerian businesses, including Trove, Rise, Keble, Trade Lenda, Regxta, and many others, have benefited from ARM Labs’ support throughout the course of the last four (4) editions.
The new ARM Labs Innovation Program 5.0 now supports entrepreneurs in the fields of fintech, pentech, data intelligence, and digital trade. If chosen, these firms earn up to $50,000 in cash, access to contemporary workspace, mentoring from seasoned business professionals, and exposure to investor networks.
Under this ground-breaking programme, ARM Labs has given over $400k to companies while mentoring over 150 founders in the ecosystem. Several of these firms have landed coveted seats in illustrious accelerators like Y Combinator and TechStars as a result of this support.
Jumoke Ogundare, CEO of ARM, stated, “We are delighted to observe the impact that the 5th Cohort of the ARM Labs Innovation Program will have on Nigeria’s startup environment. “By funding promising entrepreneurs, we are simultaneously fostering innovation and making an investment in Nigeria’s future.”
The initiative offers a special chance for Nigeria’s most creative and brilliant brains to demonstrate their abilities and have a big economic impact. Before applications conclude on June 15, 2023, interested applicants may apply and obtain additional information about the programme by visiting www.arm.com.ng/armlabs.
