On November 8th, two major ecosystem builders in the region, Seedstars and GrowthLab are joining forces to open up Seedspace GrowthLab. Around ten of Nigeria’s best seed-stage startups will compete there to represent the country at the Global Seedstars Summit in Switzerland and win up to $500,000 in equity investments and other prizes.
Seedstars, the leading emerging market startup community and investor has partnered with GrowthLab, formerly known as Starta, a membership platform for educating entrepreneurs in Africa on how to build high growth business, to launch Seedspace GrowthLab on November 8, 2019.
The new hub, located on the second floor of the Business Center in Circle Mall, is the second Seedspace location in the city and will be an exclusive growth hub for entrepreneurs and executives in Africa to access a global network.
Being part of the largest network of campuses for entrepreneurs in emerging markets, Seedspace GrowthLab is one of the 16 hubs by Seedstars in more than 10 cities around the world including Abidjan, Cairo, Cape Town, Casablanca, Dar es Salaam, Geneva, Lima, Mexico City, Nur-Sultan, and Yangon.
Alessia Balducci, General Manager of Seedstars Nigeria, states: “Our hub in Ikoyi was the first Seedspace ever opened in our network. Today, we are proud to say that Seedstars is here to stay, and this new hub in partnership with Growthlab is a testament to our willingness to continue our work to support and invest to build the next success stories.”
The launch day will be an opportunity to host Seedstars World Lagos event for the 7th time in the city. Seedstars dynamic pitch event will be held on the premises from 4:00 pm.
As part of the event and in a constant effort to nurture the local Lagos ecosystem, Seedstars joined forces with ABAN through LAN to connect with local business angels and organise the Investor Forum. The 4-hours morning session will be a unique opportunity for investors to network, gain key insights and knowledge and access deal flow during closed-door pitches and 1:1 speed dating with selected startups. Investors interested in participating can request an invite here.
The companies invited to the training session and to pitch at the Seedstars Lagos event must have raised less than $500,000 in funding and built a minimum viable product, ideally with existing traction. The Seedstars team is searching for one additional criterion: potential for regional and global scalability.
The winner will get a chance to represent Nigeria in Johannesburg, South Africa during the Seedstars Summit Africa (December 5-7, 2019), and join an all-inclusive trip to Switzerland, to compete at the Seedstars Summit for the title of Seedstars Global Winner and up to USD 500,000 in equity investments and other prizes.
“We are committed to supporting entrepreneurs who are building high growth businesses in Africa with the relevant content, community and connection to capital that will help them succeed,” says Dotun Olowoporoku, Co-Founder and Non-executive Director at GrowthLab.
Startups are invited to apply for the Seedstars World, Lagos competition at the website.
The application is open until Monday, October 28, 2019. After careful screening, the Seedstars team will shortlist around ten of the best seed-stage startups to participate in the bootcamp and pitching event on 8th of November, 2019.
Those interested in participating as attendees can register online.
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