This Nigeria Investment Preparedness Lab is a 5-day accelerator designed to help Nigeria-based ventures understand the fundraising process and become ready to take on investment. Our ultimate goal is to get more funding flowing to Nigerian ventures.
Nigeria is a fast growing economy with several budding entrepreneurs who are passionate about building businesses that MATTER. Confronted by the economic challenges of a developing nation, the spirit of business is rapidly being awakened in Nigerians as more unemployed youths are towing the entrepreneurial path. This has presented such a great opportunity to help maximize the potentials of these budding entrepreneurs through a practical startup lab.
Through this Lab, young Nigerian entrepreneurs will have access to empowering trainings that will sharpen their entrepreneurial skills and meet mentors that will provide ongoing strategic guidance as they progress on their entrepreneurial journey. This ecosystem of entrepreneurial support is not sufficient for the ever increasing number of Nigerian entrepreneurs and we’re going to close this gap with the Unreasonable Nigeria startup Lab.
We invite you to join us!
Get Involved: Apply to be an entrepreneur, become a mentor, be a sponsor, or help our Lab team find entrepreneurs. Read on to get involved!
Fundraising can be a hard, confusing, and long process. How much money should I raise? What type of capital? Whom do I talk to and how do I build relationships with funders? What should I do in an investor meeting? How to I get the money into our bank account so I can get back to building my business? Having an answer to these questions often translates into successfully closing a round of funding. But the reality is that only a handful of entrepreneurs have a clear understanding of the process (and how long it takes) before they start fundraising. They get lost and without direction, they do not take the lead and closing a round becomes painful and time consuming.
The Lab & Curriculum
The Investment Preparedness Lab is designed to do one thing: help entrepreneurs be more prepared to raise funding. Entrepreneurs will:
Understand the steps of the investment process and what is needed to be prepared at each step.
Diagnose where a venture is in preparedness for those steps, build a full plan for how to get ready, and actively work to get more prepared.
Meet with actual funders to get feedback and practice building investor interest.
The curriculum of the Lab oscillates between in-classroom workshop time and tons of hands-on work time.
Starts with a brief orientation and workshop that demystifies the fundraising process, followed by an afternoon dedicated to starting to build a strategic plan.
Starts with building financial statements then learning about various types of capital. During the afternoon entrepreneurs will design a fundraising action plan.
Begins with a workshop on how to build powerful relationships with funders, followed by a pitch workshop. Then entrepreneurs will build a massive list of potential funders.
Capital Advisor day when experts in early stage funding will attend the Lab to work directly with and give feedback to the entrepreneurs.
Spent on deal negotiation, getting important due diligence materials together, and designing an action plan for the next three months.
By the end of Lab entrepreneurs will have something to show for their work. They will have:
- Learned what the fundraising process looks like from start to finish and the elements needed to succeed in raising funding
- Diagnosed how prepared (or unprepared) they on these various elements of funding preparedness, giving them a snapshot of where they are
- Actively worked on various elements to become more prepared to raise funding (for example: develop their financials, write a strategic plan, clarify their funding ask, develop their pitch materials)
- Created a list of at least 30 potential funders and learned quick research and outreach techniques to find and connect with even more when they leave
- Learned a methodology for how to build strong relationships with funders – relationships that get stronger over time which will help make their funding case stronger over time
- Completed funding readiness “reality checks” with 4 – 5 real funders and received real and honest feedback on their investment preparedness
- Designed a strategic plan to become funding ready and identified the tools to get there
- Drastically increased their confidence level about leading an investor meeting which will lead to far more productive meetings with future potential funders
This Lab will actively involve a diverse set of mentors. These mentors will be custom-selected after selecting the Lab ventures to assure mentors meet their needs. Interested in mentoring? Contact Us
Pipeline Partners are organizations that help us find the entrepreneurs. Like us, they support entrepreneurs doing good in the world. If you want to become a Pipeline Partner for this Lab, please Contact Us
FAQ’s & More About This Program
Application and Selection
- Committed to social and environmental impact with their venture
- Idea-to-early-stage ventures that are looking to raise capital in the next 6-12 months
- Based in Nigeria
- For-profit or non-profit
- 18 years of age or older
- Preparing to take on capital in the next 6-12 months
- Have generated sales and have paying customers for their product or service
The Investment Preparedness Lab can serve entrepreneurs in the prototype/pilot stage, the early customer traction stage, and established customer traction stage.
The Lab will feature both time in the classroom and time dedicated to working with mentors. Throughout the course of the Lab, you will have plenty of time to work and rest. Taking time to digest the material is an important piece of acceleration!
Day 1: Day 1 starts with a brief orientation and workshop in the morning, followed by an afternoon dedicated to building a strategic plan.
Day 2: Day 2 starts with two workshops designed to build the entrepreneurs’ financial skills. During the afternoon entrepreneurs will design a fundraising action plan.
Day 3: Day 3 begins with a workshop on how to build powerful relationships, followed by a pitch workshop. Then entrepreneurs will build a massive list of potential funders.
Day 4: Day four is Capital Adviser day when experts in early stage funding will attend the lab to work directly with the entrepreneurs.
Day 5: Day 5 is spent on deal negotiation, getting important due diligence materials together, and designing an action plan for the next three months.
Be a Supporter
Click here to contact Us to discuss becoming a mentor.
Here is the team that made this happen.
CEO Entrepre-NEWS.com, Lab Founding Team
CEO AkinGolde Marketing, Lab Team Member
Founder naijapreneur.com, Lab Founding Team
Venture Developer, GenerationEnterprise.com, Lab Team Member
Co-Founder QAspen.com, Lab Founding Team
Founder Pass4Life.com, Lab Team Member
Digital Media Consultant, Lab Team Member