">
TechMoran
  • About Us
  • Jobs
  • Motoring
  • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
Monday, March 8, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Startups

Unreasonable Lab launches in Nigeria, To Prepare Startups For Investment

Milcah Lukhanyu by Milcah Lukhanyu
5 years ago
in Startups
6 min read
0

On 6th of June to 10th of June 2016, 25 startups from across Nigeria will gather in Lagos for 5 days, alongside top investors and business mentors for Unreasonable Lab Nigeria, a five-day intensive training program preparing them to raise capital, replete with seasoned entrepreneurs and investors from across Nigeria serving as mentors.

Asked why they wanted to bring Unreasonable Labs to their country, Unreasonable Labs Nigeria’s founding team Olufemi Omotayo, Tito Philips, Jnr. and Michael Olorunninwo said:“For the first time in history, we have adopted a market economy. Our ongoing development cannot continue through aid and donation. There’s no other way to address our challenges but through entrepreneurship, innovation, and private sector. And Unreasonable Labs might be the best avenue to addressing these needs.”

Unreasonable Institute boasts successful alumni, including:

  • Mosaic, the “solar bank” that started as an idea at Unreasonable Institute and now is the largest lender for home solar projects in the United States.
  • Eneza, the fastest growing mobile education app in Africa, equipping 650,000 students in Kenya to gain access to tutoring and test prep on $10 phones.
  • MANA Nutrition, which has cured over one million kids of severe acute malnutrition through a nutrient-enriched peanut butter.

The results are striking. 93% of the 150 startups in Unreasonable Institute’s portfolio have raised funding totaling over $100 million. And all together, those companies are benefitting 8 million lives.

According to Teju Ravilochan, co-founder and CEO of Unreasonable Institute, “It’s amazing to see entrepreneurs creating companies that can really help a lot of people. We started Unreasonable Institute because we thought the best way to address billion-person problems was by helping entrepreneurs find solutions.”

READ  Kenya's Majik Water wins £15,000 1st prize in the EDF Pulse Africa awards held in Paris

Teju further adds that to address billion-person problems there was need to find thousands of entrepreneurs and get them the people and resources they need to grow.

The Unreasonable model is high touch and mentors spend a lot of time with entrepreneurs. The mentors (experienced business and social/environmental change leaders) each pick one company to work with for 6-12 months. And then they are carefully match them based on diagnosing their entrepreneur needs and understanding the mentor’s skills.

Related posts

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
0

BFA Global & J.P. Morgan partner to digitize spaza shops in South Africa’s townships

March 4, 2021
0
Caption: Mr. Bernard Chiira, ASSEK Chairperson and Ms. Anne Lawi , PANGEA Accelerator Country Director and Mr.Jonas Tesfu PANGEA Accelerator Founder sign the Code of Conduct at Movenpick Hotel Westlands. The Code of Conduct is aimed at creating fair engagement among various stakeholders.

Kenya launches Innovation ecosystem Code of conduct to level the ground for tech entrepreneurs

March 4, 2021
0

Africa Prize 2021 selects innovators to pitch for £25,000 Africa Prize for Engineering Innovation

March 3, 2021
0

“Entrepreneurs get a lot of attention from mentors who come through the program. That’s what makes Unreasonable Institute so valuable for them,” says Ravilochan. “So we weren’t going to be able to maintain the quality of our support and work with a whole lot more entrepreneurs. So we figured, hey, what if we could just teach other people to do what we do?”

Enter Unreasonable Labs with a curriculum and built a way to train teams from the local teams in new countries to run Labs who then can then recruit locally-based mentors and funders to support the startups they find.

Readers 1,401

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Nigeriastartups
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
0
Startups

BFA Global & J.P. Morgan partner to digitize spaza shops in South Africa’s townships

March 4, 2021
0
Caption: Mr. Bernard Chiira, ASSEK Chairperson and Ms. Anne Lawi , PANGEA Accelerator Country Director and Mr.Jonas Tesfu PANGEA Accelerator Founder sign the Code of Conduct at Movenpick Hotel Westlands. The Code of Conduct is aimed at creating fair engagement among various stakeholders.
Startups

Kenya launches Innovation ecosystem Code of conduct to level the ground for tech entrepreneurs

March 4, 2021
0
Entrepreneurship

Africa Prize 2021 selects innovators to pitch for £25,000 Africa Prize for Engineering Innovation

March 3, 2021
0
Startups

Raise raises $25K from Microtraction to build Africa’s biggest platform for equity & fundraising

March 2, 2021
0
Startups

Angola’s crowdfunding startup Deya raises $50,000 pre-seed financing round

March 2, 2021
0
Startups

Kenya’s Powered by People raises $1.5M seed funding to help artisans compete in the global retail market

March 2, 2021
0
Business

Deezer lowers its subscription fees in Nigeria, abandons USD for Naira

March 2, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Change File Extensions Using Command prompt

March 7, 2021

How to Stop Windows 10 From Turning Off Your Screen

March 7, 2021

How to Add, Remove and Modify Fonts in Windows 10

March 7, 2021

3 Top Ways to Secure Your Windows Computer

March 6, 2021

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: