The “startup mambila” project is an incubation program which was specifically designed for start-ups in the northeastern part of Nigeria. This looks to be very important as it could further help with healing the region, which was brought back by insurgency.
The project is organized by NENHUB with the support of the National Social Investment Programme (NSIP) of the Federal Government of Nigeria. Selected start-ups (which must not be more than 3 years running, or could be just an idea) would be incubated for a period of six months and provided a $5,000 equity-free funding to start their venture at the end of the incubation program.
Here are the objectives of the program:
• To fast track industrialization in Nigeria by attracting Venture Capital, manufacturing and service organisations
• To increase regional activity of innovative clusters and to encourage innovation across various sectors of the economy
• To create job opportunities for the teeming population of youths within a knowledge driven economy with innovation solution
• To establish Nigeria as an IT-driven professional services, manufacturing and agro-allied processing outsourcing hub.
