As Nigeria’s tech ecosystem continues to grow, it is attracting many venture capital investors from across the globe. A report compiled by fDi Intelligence found that Nigeria had the highest volume of startups in Africa, with over 750 companies receiving a total of $64.1 million startups related funding in 2020. The Netherlands has consistently played a key role in supporting startups by providing mentorship, funding and organising accelerator programmes. We take a look at some of the collaborations between The Netherlands and Nigeria.
Orange Corners (Netherlands) with FATE Foundation
Orange Corners is an initiative of the Kingdom of The Netherlands that provides young entrepreneurs across Africa and the Middle East with the necessary training, networks and facilities to start and grow their startups. The programme partners with various stakeholders, including local, Dutch and international companies, universities, governments and other organisations. Using their local expertise, we can optimally support and strengthen the entrepreneurial ecosystem. Orange Corners currently operates in South Africa, Mozambique, Angola, Morocco, Sudan and Nigeria. The forms of support we offer: Business advice Great facilities Seminars and workshops Mentoring and coaching Bootcamps Community of entrepreneurs Flexible office space Networking events.
For Nigeria, Orange Corners, delivered by FATE Foundation, rewarded five startups with €135,000. They are Tosin Adelowo: Co-Founder; Chekkit Technologies, Fela Akinse; CEO of SALUBATA, Babajide Oluwase; Founder of Ecotutu, Nkechi Idinmachi; Founder of Machi and Bamidele Joshua.
Dutch Nigerian Student Business Challenge
The Dutch Nigerian Student Business Challenge, executed by TU Delft in partnership with Passion Incubator, a business incubation company in Lagos, and the Dutch Embassy, aims to address challenges in Nigeria’s health, energy and food sector with an innovative and entrepreneurial approach.
Six teams of four, all made up of Dutch and Nigerian students, were selected to precent their business solutions to real-life challenges that some companies and startups in Nigeria. FrieslandCampina WAMCO, Heineken-Nigerian Breweries, TU Delft Industrial Design Engineering, Lagos State Government, RxAll, Unilever all offered different challenges.
€700 million Dutch Good Growth Fund
Launched in July 2014, Nigeria was selected as one of the Dutch Growth Fund For Good beneficiaries. The Dutch Good Growth Fund (DGGF) is a programme commissioned by the Dutch Ministry of Foreign Affairs.
The Netherlands Enterprise Agency administers it, Atradius Dutch State Business (for Dutch entrepreneurs) and a consortium of PwC and Triple Jump (for local SMEs). In addition, the DGGF supports and partners with Funds investing in SMEs in emerging markets. For example, SKLD, a Nigerian logistics startup, received funding from DGGF’s portfolio fund, Alitheia IDF.
With the assistance of The Netherlands, tech talents across Nigeria and many other African talents are developing themselves to contribute to a global market One of the reasons why Zwarttech has chosen The Netherlands as country of residence for its headquarters, is due to this trust that the Dutch display in tech industries across Africa. We at Zwarttech believe that we can act as one bridge to stimulate this connection between the Netherlands and African countries and help each other out. If you are curious about working with the tech talents from Africa, contact us today.