LAPO Microfinance Bank Limited, a renowned institution in Nigeria’s microfinance sector, has declared its endorsement for the NextechCzar Incubation Program, spearheaded by the Moolu Venture Lab. The induction ceremony, graced by distinguished figures in the industry, witnessed Dr. Godwin Ehigiamusoe, the visionary behind LAPO MFB, and Mr. Prince Ogbonna, CEO of Moolu Venture, offering valuable insights and inspiration to budding entrepreneurs.
Dr. Godwin Ehigiamusoe, the founder of LAPO MfB, shared his profound perspective during the induction ceremony, emphasizing the indispensable role of visionary business-building in shaping the future of entrepreneurship. “Innovation and conscious business practices are pivotal in shaping the future of entrepreneurship. We are committed to nurturing the next generation of tech entrepreneurs who will drive positive change in Nigeria and beyond,” remarked Dr. Ehigiamusoe.
Echoing Dr. Ehigiamusoe’s sentiments, Mr. Prince Ogbonna, CEO of Moolu Venture Lab, outlined the objectives of the 16-week incubation program, highlighting its dual tracks—Early Stage and Growth Phase. “We aim to empower young African founders to develop impactful solutions to local challenges. With the support of LAPO Microfinance Bank, we are fostering an ecosystem conducive to innovation and growth,” expressed Mr. Ogbonna enthusiastically.
The induction ceremony attracted a distinguished panel of guests, including Mr. Oluremi Akande, Director of Marketing and Communications at LAPO MFB, Mrs. Mope Abudu, Managing Partner at AfrogloCal VC, Mr. Ovo Emorhokpor, Managing Partner at Beta Ventures, and Mrs. Dorcas Thorpe, Head of Corporate Planning at LAPO MFB. Their collective expertise promises invaluable mentorship for aspiring founders enrolled in the program.
The NextechCzar Incubation Program represents a concerted effort to cultivate a new generation of tech entrepreneurs dedicated to effecting positive change through conscious business practices. With the generous support of LAPO Microfinance Bank, the program anticipates the emergence of groundbreaking ideas and innovations poised to address indigenous challenges and propel socio-economic progress in Nigeria.
LAPO Microfinance Bank’s endorsement of the NextechCzar Incubation Program underscores its commitment to fostering entrepreneurship and driving socio-economic development in Nigeria. Founded in 1987 by Dr. Godwin Ehigiamusoe, LAPO MFB has established itself as a key player in the microfinance sector, empowering individuals and communities through financial inclusion and innovative solutions.
The partnership between LAPO Microfinance Bank and Moolu Venture Lab signifies a strategic alignment of interests aimed at nurturing and supporting the entrepreneurial ecosystem in Nigeria. By leveraging LAPO MFB’s extensive experience and network in the financial sector, coupled with Moolu Venture Lab’s expertise in incubating startups, the program is well-positioned to catalyze the growth of the tech entrepreneurship landscape in the country.
Over the course of the 16-week incubation program, participants will undergo rigorous training, mentorship, and networking opportunities designed to equip them with the skills and resources needed to succeed in the competitive business environment. From ideation to product development and market entry, entrepreneurs will receive guidance and support at every stage of their journey.
The program’s focus on conscious business practices reflects a growing trend towards socially responsible entrepreneurship, where founders prioritize the creation of value not only for their businesses but also for society at large. By fostering a culture of innovation and social impact, the NextechCzar Incubation Program aims to cultivate a new breed of tech entrepreneurs who are not only driven by profit but also by a desire to make a meaningful difference in their communities.
In addition to providing financial support, LAPO Microfinance Bank will play an active role in mentoring and guiding program participants, drawing on its vast experience in supporting small and medium-sized enterprises (SMEs) across Nigeria. Through workshops, seminars, and one-on-one sessions, entrepreneurs will have the opportunity to learn from seasoned professionals and industry experts, gaining valuable insights into business strategy, financial management, and market dynamics.
As Nigeria continues to position itself as a hub for innovation and entrepreneurship in Africa, initiatives like the NextechCzar Incubation Program play a crucial role in nurturing the country’s burgeoning startup ecosystem. By fostering collaboration between the public and private sectors, academia, and industry stakeholders, these programs create a conducive environment for innovation, creativity, and economic growth.
In conclusion, LAPO Microfinance Bank’s support for the NextechCzar Incubation Program represents a significant milestone in the advancement of Nigeria’s entrepreneurial ecosystem. Through this partnership, aspiring tech entrepreneurs will have access to the resources, mentorship, and support they need to turn their ideas into successful businesses, driving innovation, job creation, and socio-economic development across the country.
