Stanbic IBTC Bank and the Founder Institute have launched 23 technology-based start-ups to support entrepreneurs using technology to solve pressing challenges.
A statement issued by Amina Omoike, Manager, Content and Channel Engagement, Mediacraft Associates, said the companies would help 23 graduate portfolio companies of Founder Institute’s Cohort II with the structure, feedback, and support network needed for success.
Speaking at the Cohort II virtual graduation ceremony, the Chief Executive, Stanbic IBTC Bank, Wole Adeniyi, noted that the partnership aligned with the core of the company’s existence as a business.
Adeniyi assured the newly graduated entrepreneurs of opportunities to connect with partners, investors as well as the Founder Institute for mentorship to grow their businesses as he encouraged the development of ethical value propositions by entrepreneurs as the way to thrive in a highly competitive market place.
The Lead Director, Founder Institute, Lagos, Ayowande Adalemo, stated that the institute’s pre-seed programme was based on its interest in developing idea-stage entrepreneurs as well as creating a support network of experienced start-ups and ecosystem leaders as mentors.
Addressing the graduates, he said, “You can come into the system with a loosely formed idea, but after the 14 weeks, you will be graduating as a CEO with a company that can go global and a network that money cannot buy.”
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