Nigeria’s new early stage accelerator, Passion Incubator, is set to go live this April 14, in a move to provide the country’s innovative entrepreneurs with the most critical resources needed to launch lean startups.
Founded by Olufunbi Falayi and Taiwo Ajetunmobi
, the accelerator aims to identify passionate entrepreneurs with commercially viable business solutions that solve large scale problems and according to its site, it aims to achieve its mission via basic entrepreneurship training, product development, providing work space to the startups and mentoring and connecting them to VC funds.
The accelerator says it will accept five or less startups into its accelerator class and provide them with a 1 month period of intense training, 3 additional months of seminar based training, and a full year’s access to its hub work space. It will also pair each founder team with a mentor. These, according to them will provide the founder teams with the most critical resources for them to launch lean startups, grow quickly, and institutionalize their success.
TechMoran will publish a follow-up interview on this soon.
Just this year alone, in quarter one, Nigeria has seen several incubators launching and making it the continent top new place to launch a startup.