$1m For Nigeria Tech Companies From Iroko Partners

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BUILDING the bridge to fill the technology investment vacuum that currently exist in the country amongst the internet entrepreneurs, the iROKOtv and Nollywood fame, Jason Njoku and Bastian Gotter, recently announced the official launch of SPARK, a 1million dollar-backed company to support and develop aspiring Nigerian tech and internet entrepreneur.

According to the Chief Executive Officer and co-founder of irokotv and Managing Partner of SPARK, Jason Njoku, “Africa is gradually witnessing huge transformation from tech ‘scene’ to tech ‘revolution’ where Lagos is very much the gateway for the thriving. The creativity, talent, the spirit of entrepreneurship is here, but Nigeria’s business ecosystem isn’t set up to adequately support start-ups in their earliest days. This is why iRokotv decided to partner the launch of Spark in order to act as the catalyst to a period of aggressive and exciting growth in Africa’s Internet sector.”

Also speaking, the co-partner of SPARKS, Bastian Gotter, stressed, “we observe that this is where Nigeria’s business infrastructure struggle most which is why we decided to position spark to change the trend. SPARK is not just an incubator nor investors, but builder of companies where we adequately fund our companies thereby providing them with the back-room assistance they need to get started and advise them on all aspects of their business. This … is the financial, intellectual and pragmatic engine that will propel Nigeria’s Internet entrepreneurs from start-ups to dynamic businesses that generate jobs and income for region.”

Author of this article: By Ibukunoluwa Kayode

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