All posts tagged startups


Is Richard Branson right about what Entrepreneur is?

Entrepreneurship isn’t about selling things – it’s about finding innovative ways to improve people’s lives.

[INTERVIEW] 88mph Looking To Invest In Nigerian Startups – Kresten Buch

As the Nigerian tech startup space continues to grow, there is a huge need for investment and in response attracting local and foreign investors in filling this gap with hopes of getting high rewards.

Kresten Buch, Founder Managing Director of 88mph, an international investment company with the keen interest in African startup is on of such investors and we caught up with him on his visit to Nigeria. He shared why 88mph chose Nigeria over Ghana in regards to opening an office as well as other things.

O: Tell us about yourself and why you are in Nigeria?

KB: My name is Kresten Buch, I am the MD of 88mph which is seed fund that invest in early stage starts that is targeted at the African Market and we are based in 2 cities at the moment which are Cape Town and Kenya, We are here in Lagos to explore the viability of setting up the 3rd in Africa.

O: Why did you think Lagos is the next move?

KB: Looking at Africa, you can’t say you’re an African and not been in/to Nigeria. It’s also because we want to be based in West Africa as well, and looking at the most popular mobile penetration market in Africa, South Africa, Kenya, Nigeria and Ghana top the chart. A lot of researches shows it’s easier to setup in Ghana but we discovered the market is in Nigeria, so we are here.

O: What industry do you invest in?

KB: We don’t invest in a specific industry, we invest in companies that use mobile services or connectivity to distribute their products or communicate with their customers, retails, mobile banking. We don’t invest in hardware companies but small startups won’t need much additional staffs or additional fixed cost to scale.

O: Have you invest in any Nigerian Startup before?

KB: Yes, we have invested in Nigerian startup called Gamesole, which currently has over 1.2 Million downloads on Microsoft platform. He is currently in Kenya because he is a game company that can seat anywhere and operate.

O: Coming to Nigeria, how many startups are you looking to invest in?

KB: Normally we invest in 7 to 10 startups and it won’t be different here.

O: What interest you in the startups you invests in?

KB: The most important thing is that they have good team, what market they are targeting, what knowledge they have about their targeted Market and how far they have gone with their product and the market need to be interesting.

O: What are the process to get 88mph’s investment?

KB: We don’t expect startups to write us a business plan, we just ask them to fill our application of 20 questions, so we schedule a meeting with them after and the program is once a year.

O: Now that you are having Nigerian office, is there going to be physical contact with applicant startups?

KB: We get more than 600 contacts so there won’t be physical contacts to safe the stress until we stream it down to 20 or 50.

O: What are you thinking about competitors like Rocket internet?

KB: Our business model is different from Rocket internet, we only fund we don’t have share in the company but Rocket is doing good with educating entrepreneurs.

O: When will your Nigerian office open for access?

KB: We don’t know yet, but it should be early next year. We are partnering with local investors to coming in with us.

That was our chat and we look forward to their local launch in Nigeria.

This Is What Happens When Startup Employees Are Banned From Using Facebook

Of course this could just be a happy coincidence.

Updated: 3 Nigerian Startups To Pitch at Angel Fair in South Africa

Two (2) startups from the Wennovation hub and Descasio will be flying Nigeria’s flag at the inaugural Angel fair taking place on 26 & 27 September 2013 in Johannesburg, South Africa. These three startups – Ideacentric, OTG Playa and Descasio – were part of the 4 startups nominated by the Lagos Angel Network (LAN) to be part of the African-based startups that will be pitching to investors from different part of the world at the event. About 25 startups are expected to be present at this event taking place at Santon Convention Centre, Johannesburg, South Africa.

Why Angel Fair?

The idea of having the Angel fair came out of an informal lunch at the Global Forum on Innovation and Technology Entrepreneurship where Andile Ngcaba (Convergence Partners), Eric Osiakwan and other like-minded entrepreneurs sat down to discuss issues facing entrepreneurs in Africa in a way to finding possible solutions to them.

According to Jamie Clyde, the co-founder, Angel Fair, ”the idea was to create a network of angels who could provide early stage start-up fund and things like networks, mentoring and other contacts. We want to help people go through the classic cycle from idea to product to business more easily. In Silicon Valley, they know how to take care of all this. But in Africa, you need to provide what we are calling ‘mentor financing’; in other words all the things that wrap around the finance itself”.

We are working with our friends from the Lagos Angel Networks to bring you live update from the event. So, keep a tab on our twitter handle, @bits.

Update: 3 startups – Ideacentric, OTG Playa and Descasio - from Nigeria will be taking part in the Angel Fair as against 2 mentioned in the post earlier. Apologies for this error.

Do You Care About Your Business Domain Name?

Editor’s Note: Evans is a Senior Designer who works in both web and print, driving creative solutions through the Evans Akanno Creative Design Agency. His eye for precision was developed from his background in industrial chemistry and has grown into one of the agency’s unique proposition. Fueled by good music, a relaxed atmosphere for work and an insatiable hunger for web technology, he develops innovative branding and clean websites to grow businesses.

Your domain name is usually the principal web identity for your business and your brand generally. Think about big names like Coca-Cola, Nike or Sony Electronics. What comes to your mind when it comes to their domain names? I am sure you agree with me that even in your unconscious mode, you will assume, or as the domain name for the respective company.

With over 140 million domain names registered across the world and with tens of thousands more being registered every day, the odds of getting a single word domain name under any top-level domain (TLD, everything after the dot) are slim unless you are willing to pay premium for your domain name. You might want to look through our domain registration and hosting options .

What is a Domain Name?

According to Wikipedia, a domain name is an identification string that defines a realm of administrative autonomy, authority, or control on the Internet.

Domain names are formed by the rules and procedures of the Domain Name System (DNS). Technically, any name registered in the DNS is a domain name. The domain name represents both the web address of your website and the name your site visitors will use to refer to your website. It is what you see in the address bar after the “www.” in your web browser and what comes after the @ sign in an email address.

RELATED: 7 Things To Consider When Choosing Your Startup Name

Your business and your domain name?

  1. KEEP IT SHORT AND MEMORABLE: Domain names can be of any length (up to 67 characters) but you should have it in mind that people need to be able to remember your domain name. So, try to make the domain name as short as possible. The general rule of thumb is to keep it under seven characters if possible (not including the suffix). Remember that people may misspell your domain if it is too long and complicated.
  2. DOT WHAT? There are many different extensions available right now. For businesses, we recommend a .com suffix. It is the first extension that most people try when searching for a website address. Also, since it is one of the oldest extensions, .com shows that your business has been around for a while and that you have a well-established presence on the Web. If you don’t own the .com extension, you are probably missing out on a lot of traffic.
  3. AVOID HYPHENS OR NUMBERS: The bottom line with hyphens and numbers is that most domains don’t include them. Think about it; people may naturally forget to include the hyphen and will then be directed to the domain of another business. You definitely don’t want this to happen to you or your business. The hyphen can also get lost in translation especially when you have to tell someone your domain name over the phone. The same applies to the usage of numbers in domains.
  4. DIGITAL IDENTITY: Your domain is your identity. Try and make your domain name as close to your company name as possible if your company name is already well established outside the Internet. Many visitors may try to guess your domain name based on your company name.
  5. RENEWALS: If your domain is registered for just a year, do set a renewal reminder on your account. Interesting thing is that most domain name registrars have this feature. So, there is no way you can’t miss the information about your domain renewal. You can also consider setting auto-renew for your domain if you are worried about forgetting. Don’t let your domain name expire, or your competitors may snatch it out from under you.
  6. NEED FOR MORE: Sometimes, it is not a bad idea to register several similar domain names. If you have “”, try to register “” so that no one else takes it. You can register your full company name and a shorter, easier to remember version. Consider the case of Facebook. After purchasing, was also purchased as an add-on. And if you operate in multiple countries, you may consider registering the respective country domain extensions. All you need to do is to redirect all the different domains to the main domain.
  7. CHARACTER RULES: Domain names can only use letters, numbers, and hyphens. Spaces and symbols are not allowed. So, make the best of what you have.

In general, when choosing a domain name for your website, we recommend you use a username and a site name that are easy to pronounce and spell.

Did you benefit from this post?  We would love to hear your comments below.

5 Steps To Raising Fund For Your Startups – Entrepreneur Resources

Raising fund may be a tough task in Nigeria as many entrepreneurs are tirelessly looking for investors. But taking a look at the other side of the story shows that investors are also looking for viable business opportunities. So, what is the problem? And how do we resolve this? We at OTEKBITS are looking at identifying the problem and at the same time provide some tips on how to overcome the problem.

Starting from today, we will be sharing resources that can help to prepare the entrepreneurs for the right investors and bridge the gap between the investors and entrepreneurs. We will be bringing you this resources in partnership with VC4Africa which has broad number of expert investors. So, if you don’t have an account yet on VC4Africa, now is the right time to do this. It only takes you few minutes to complete the required steps.

Today, we will be sharing 5 steps on how to prepare yourself and venture for fundraising and connect with investors on VC4Africa.

Prepare your Venture

Before your venture is put into fundraising mode, it is important to post documents to your venture profile. This gives investors an opportunity to do a first assessment of your business and is required as part of your fundraising application. So, if you are thinking of raising fund for your business via VC4Africa, you need to upload a copy of your certificate of incorporation and also a pitch deck and/or summary of your business plan. The recommendation is that you should add financial projections, letters of Intent from strategic partners (if available), or contracts with existing customers to increase your chances. And most importantly add relevant media that can help to give the right impression of the company and team. Interesting thing is that you don’t have to worry as only investors registered as part of the VC4Africa Investor Network can access your documents.

Also, you need to add team members and advisors to your team page. As part of this process, you will be asked to complete the VC4Africa Quick Scan. This is a straightforward questionnaire to help you check if your venture is investor ready and to identify any points that need to be addressed before investors can take you seriously. After you have completed the Quick Scan document, upload it to the documents section of your venture profile. The VC4Africa team provides investors with a pre-assessment of your venture and it is important you provide the most relevant documentation when you apply.

SEE ALSO: The Anatomy Of A Failed Startup

Register your Intention

Given the results of the VC4Africa Quick Scan, the next step is to register your intention to raise a round of funding. You need to indicate the financing stage – Seed, Start-up, 1st round (Series A), 2nd round (Working cap), 3rd round (Mezzanine) and 4th round (Bridge). You also need to indicate the financing type – Equity, Debt or Hybrid and your capital needs (between USD $10,000 and USD $1 million). Your registered intention is reviewed by the VC4Africa team. Once approved, your venture is added to the list of ventures fundraising on VC4Africa.  The next step is to garner investor interest and secure a lead investor. Post updates and progress to your venture profile showing you are on your way to achieve the milestones indicated in your documentation. Investors who are interested in your work can express their interest to join as a possible lead investor.

Engage Potential Lead Investors

If you have done your work and your venture clearly shows traction, you will hopefully secure interest from a number of possible lead investors. You can engage them and work to understand the differences between them. It’s up to you to decide who the best investor for your business is and agree to a fair term sheet. Do not approve the lead investor until you feel confident about the terms of the deal they are offering. If they have not made the investment into your business, you can ask them to send a bank guarantee showing they have the required capital on reserve. When the lead investor is approved, you can upload the term sheet to the documents tab on your venture profile.

Raising Capital

Once a lead investor is secured, the venture can go into “Raising Capital Mode” for 90 days. At this stage, investors registered on VC4Africa can review the term sheet and express their interest to participate. They can outline how they plan to contribute in non-financial ways and any terms or conditions they might have as part of their participation. The amount of capital pledged by each investor will appear in the progress bar indicating your venture finance goal. At the end of the 90 day period, copies of these pledges are sent to the entrepreneur and lead investor.

RELATED: How To Make An Angel Investor – Iyinoluwa Aboyeji

Closing the deal

At the end of the 90 day period, it’s time to close the deal. You will receive copies of the registered intentions and can follow-up with the lead investor to close the financing round. Once completed, the venture is put back into building mode. Update your network on progress and make sure you maintain the foundations needed to raise additional capital in the future!

About VC4Africa

Venture Capital for Africa is the continent’s leading founder’s network, the largest and fastest growing community of entrepreneurs and investors building promising companies in Africa. Our focus is connecting people and ideas on a peer-to-peer level. We are the only open and accessible platform dedicated to the subject and our network of entrepreneurs and investors extends to more than 159 countries around the world. The community currently supports more than 1,000 ventures in more than 30 African countries. Already, entrepreneurs have been featured in mainstream media, established joint ventures and secured funding.

Omawumi, Ajebutter22, And More Celebrate With Konga On Eve Of 1st Year Anniversary

To kick off the anniversary week, a dinner party was held and it had in attendance, multiple award winning Songstress and brand ambassador, Omawumi Megbele, Omo Pastor Crooner, Ajebutter 22 and OAP Toke Makinwa. The event which was held at La Scala restaurant, Muson Center, Lagos had in attendance the CEO of, Sim Shagaya and other members of the team.

SEE ALSO: Learning From Founders Chapter One: Sim Shagaya’s Story

In just one year of operation, has been able to revolutionize the way Nigerians buy and sell online combining creative customer service with an efficient Logistics network that has endeared Konga to its customers.

CEO of, Sim Shagaya had this message for Nigerians and customers of for the anniversary:

As Konga turns one, we wish to take a moment to say to our community –  buyers and sellers alike – thank you! Together, with you, in the fullness of time, we will show that just as plain soil sprouts the most fragrant colorful flowers, from this our beloved country, with its many challenges, will spring hope, creativity and innovation. Today, the Konga team recommits itself to this future and to serving you. recently announced the launch of the largest online book store with over 200,000 books, Cash on delivery in over 13 cities, and Pick up centres across Lagos, keeping to its promise of putting smiles on the faces of Nigerians. Not to leave their customers out of the celebrations, is having a storewide mega-sale across all categories, with some products going up to 60% off.

SEE ALSO: Outsmart Versus Outspend, Konga Takes On Content Marketing

Here’s a joyful cheer to from all of us at OTEKBITS as they turn one this month and hopefully the revolution they have brought to online retail in Nigeria and the unprecedented levels of stellar customer service continue.

10 Commandments For Small and Medium Enterprises

I once listened to Cosmas Maduka share the story of how he started his business from N200. Yes, you read it well. The business – Coscharis Group – that he started with N200 some years ago is now worth multi-billion naira today.  The subsidiaries of Coscharis Group include Coscharis Motors (the sole distributor of BMW and Landrover in West Africa), Coscharis Water, Coscharis Technologies (an authorized dealer for Compaq computers USA) and general air conditioners.

Dr. Maduka’s story reinforces my belief that money/funding isn’t the major reason most businesses fail. If you missed Deola’s piece on reasons why startups fail, you can read it here. In fact, I will suggest that you should read it first before you continue with this piece. The article will help you see some of the pitfalls you need to avoid in you startup journey.

So, back to Dr. Maduka…One thing that struck me in his story has been his focus and tenacity. Despite the fact that he did not go to the traditional school, he has been able to build what many will term a successful business with operations in several African countries. If he could do it, you can do it.

Champions focus on where they are going to. The only man who never makes mistake is a man who never tries anything.

Thinking about his story again reminds me of a question that has been on my mind for weeks. How does one build a great company? How do you move from startup to a running a great business? Can one actually build a successful business with limited budget? Dr. Maduka highlighted some things that have helped him on the way. He called them 10 Commandments for Small and Medium Enterprises. So, if you own and manage a business at the moment or are thinking of starting one soon, read on. You can also bookmark this URL as these tips will come handy in your journey.

SEE ALSO: Everyone Is Talking About Funding…But Is That The Only Missing Link?

Even if you don’t have plans to start a business, you will find these tips very useful in your chosen career. The best gift you can give yourself after reading this is to make up your mind to apply every single tip or advice. Remember, whether you or your  business will succeed or not depends on you.

Destiny is a matter of choice. It is something to achieve, not something to wait for.

  1. Pick and remain focused on a business you understand well: Don’t just go into a business because it is the most convenient business to start.
  2. Thoroughly understand your market: Don’t go into a business because you feel it is a nice thing to do. You must be sure that you understand your business environment. You need to be convinced that there is an existing market opportunity and especially that people will be willing to pay for your service or product. Never go into business because your friends are doing the same business. Even if it means you have to understudy someone for some time, you will be glad you did.
  3. Look for and hire professional managers: You might be the CEO, CFO, Sales Director, Chief Security Officer or Driver now but that will change soon. When it gets to the time to bring other people on-board, go for the best. Don’t hire someone because it will save you cost, rather bring someone on board because they will add value to your business.
  4. Put in place strong financial and administrative control: Whether you are in business or not, my advice is always simple: spend less than you earn and keep a money diary. If you are the CEO, place yourself on salary and make sure you don’t take more than the pre-determined amount every month.
  5. Constantly research the market to confirm the continue relevance of your service/products: Things change fast in every market. Have you noticed that most OEMs now release new version of their devices within six months of the last edition? This is exactly why you need to be on top of happenings in your industry and country. Many years ago, films used to be the main things when it comes to photography but that has changed now. People now carry around digital cameras and smartphones with powerful camera. So, there is no need for films again. If you were playing in the industry, you would be out of business now if you didn’t change with trends.
  6. Do not spend too much money on office space and self-serving activity: Break loose from I “have arrived” mentality. If you know you can’t afford an office space, continue to operate from your home. Many successful businesses operated like this for some years and most people can’t even remember this again. Also, don’t compete with your staff. The fact that you staff is driving a BMW doesn’t mean you should drive one too. If you can’t afford a car yet, don’t worry. Keep working on your business. Remember, your staff has certificates and can always get another job. But you have to keep the business moving since it is what you have decided to do.
  7. Have a business strategy plan and constantly review it: Always review your plan. Identify things that work out based on your plan. Pick the lesson and apply it again.
  8. Keep proper and complete record of all transactions: This is especially important in the areas of finance. If you just wake up from a sleep and you are asked about your financial transactions, you should be able to come up with this within few minutes.
  9. Make sure that there is a job description for every position and match with income-earned.
  10. Set performance milestones and standards against which progress can be measured: How do you determine if your business is on the right tracks if there are no performance measures? If you are in sales business, you need to have, for instance, an idea of how many sales you intend to make in a year. This can then be broken down into monthly targets.

SEE ALSO: Understanding The Business Side of Geeks

These commandments are gradually becoming part of my guiding principles. The challenge to you now is if you will apply them to your life and/or business. If you are violating any of these laws, will you make up your mind today to follow-up with clear action steps? Choice and not chance determines your destiny. If you are really convinced that the entrepreneurship route is for you, what are you waiting for? Take the next step and start applying these laws to your business now.  Every journey must begin with the first step. It does not matter what the environment is saying now, just start somehow!

Are there any laws that you feel should be added to the above list? Use the comment section to share your experience. And most importantly, let’s learn from one another.

Lagos Angel Network Announces Details of Startups for the Pitch Event

There are several things happening this week in the ecosystem and LAN Pitch Event is one of them. The LAN team has just announced the details of the Startups that will be at the pitch event taking place tomorrow, 07th May 2013. At the event, early stage start-up entrepreneurial teams will have the opportunity to present their value proposition to the market, how they are organized as a for-profit company, their economic model (with a focus on financials) and the key milestones they are aiming for in their business plan to the Angels in the presence of a team of observers including LAN Affiliates and the media.

At the end of the event, the Angels will then have some days to review the documentation, ask more questions and request additional information from the teams. The shortlisted Startups are:

    1. JANDUS RADIO: Jandus Mobile Solutions LTD is a company specializing in the development of mobile solutions to suit various business requirements in Nigeria’s industry sectors.  Jandus currently offers two products that promise to command impressive market share. Jandus Radio Mobile Application is a radio directory app focusing on increasing listening audience of African traditional radio by utilizing web technology to expand it’s reach and increasing audience engagement by integration of social media.   The second product, Caban, is a property search application for Nigeria that connects  renters/buyers to reputable agents/landlords.
    2. BOOKNOWNOW: This is an online reservation service that allows people to book event venues, restaurants and hotels and other associated services. Booknownow connects people planning events, meetings, seminars, lodging and dates with the right venues to meet their unique event needs. The company wants to simplify and streamline the event booking process for both organizers and venues.
    3. SKIN IT: Focuses on carrying out skin wrapping for gadgets activities anywhere in Nigeria.
    4. CASH ENVOY: is a web application that aids the transfer of money from person-to-merchant using the web application and personal email addresses. The service allows account owners to send money without sharing financial information, with the flexibility of payment using their bank accounts and debit cards. Apart from using it to pay for goods and services online, it can also be used to donate money for a cause.
    5. GIGA LAYER: Provides domain name registration and web hosting solution in Nigeria. The company aims to replicate what RackSpace is doing in Africa in terms of excellent customer support.
    6. IDEACENTRIC: Ideacentric’s Business idea is centred around bringing to market novel “convergence” smartphone devices (called “Nerve”), accessories, apps and online store services that are vertically integrated to offer greater relevance to the African market and create solutions that solve significant problems faced on the African continent. The company also want to provide platforms for greater information access.
    7. PLEDGE 51: Chopup by Pledge51  is a social game platform which allows players to interact based on in-game achievements. The platform is initially targeted at the Nigerian market but will be extended to others later. The company aims to create a world class mobile content.

As announced earlier, the pitch event will take place on Tuesday, 7th May 2013 from 10:00 am till 2.00 pm. The event will take place at the Lagos Campus of the Digital Bridge Institute (opposite NITEL Staff School) in Oshodi, Lagos.

13 Startups From SeedStars Lagos Need Your Vote To Get To Switzerland

Here’s the list of selected startups from Nigeria. To vote for a startup, it’s very simple: just visit the voting page and click on the like button next to the logo. The top 5 worldwide will be invited for the final in Switzerland.

SimplePay Name
Elevator Pitch
SimplePay is Nigeria’s answer to secure online payment services. We preach ease and convenience and security.
Tell us why your startup is the Worldwide Best Startup
We have bridged the gap for online payment processing, increased productivity and job creation. We are opening up Africa to the world in e-commerce & Social commerce.
WeCyclers Name
Elevator Pitch
Wecyclers harnesses the power of urban communities to reclaim neighborhoods from unmanaged waste using a crowd sourced rewards-for-recycling platform.
Tell us why your startup is the Worldwide Best Startup
Our solution has the potential to transform the lives of over 1 billion people around the world. Our model is self-sustaining, environmentally and socially responsible and profitable (at scale).
Pledge51 Name
Elevator Pitch
Chop-up is a social gaming platform targeted at Africa’s burgeoning mobile phone market.
Tell us why your startup is the Worldwide Best Startup
Even with over 500 million (as at 2011), active mobile subscribers, Africa has been largely neglected in the mobile app revolution. This is our opportunity and we intend to take advantage of it.
Pledge51 Name 
Elevator Pitch
2479jaTv is an internetTv platform that makes entertainment and news available to most internet enabled (mobile & web) devices.
Tell us why your startup is the Worldwide Best Startup
Nigeria as at the end of 2012 had 44million internet users, which is still fast growing. With the connection of Nigeria Directly to the internet gateway through the under water fiber cables, internet connectivity is bound to get better, and more people hooking up to the internet. Aiding this growth also is the ease of availability of smart phone and tablets, meaning more people would want to hook up on the go…
Elevator Pitch
AlutaMart is a social e-market for students and businesses targeting them. It is an interactive platform where people can run their businesses. It focuses majorly on 4 entities (Products, Services, Needs and Events on campuses).
Tell us why your startup is the Worldwide Best Startup
There has not been an interactive and robust platform for managing business targeting students and their nearby communities. The System will be available in web, mobile web and native mobile app for major mobile platform and on major social platform to provide business network.
Elevator Pitch allows you discover and order meals from various restaurants around you, while paying online or cash-on-delivery.
Tell us why your startup is the Worldwide Best Startup
Easy Appetite offers a seamless way to order food. We’ve found a way to service 2 markets. Users depend on us for easy food ordering & restaurants get online at no cost boosting their visibility.
Elevator Pitch
Hipingg is a fast, easy and fun way to share photo updates with friends, family and stay up to date in real-time.
Tell us why your startup is the Worldwide Best Startup
Hipingg is a platform that inspires creativity and sharing, giving users the opportunity to be creative with photos and share to the world. This is why it is the Worldwide best startup.
Elevator Pitch
With major focus On corporate reservation and large event bookings, Hotel2Lodge is a broker of hotel services.We help our clients reduce their reservation budget by offering them well bargained rates.
Tell us why your startup is the Worldwide Best Startup
Hotel2Lodge Services is targeted at high volume corporate bodies and event organisers, this ensures the business remains profitable at all time while addressing real problem in a business environment.
Elevator Pitch
JobsInNigeria is a home for all jobs in Nigeria. It connects job seekers to employers and employers to job seekers.
Tell us why your startup is the Worldwide Best Startup
Over 6 million new entrants in the labour market annually. Nigeria’s unemployment rate is spiraling upwards, growing at 16% per year. Surveys conducted in early 2011 shows 67% of Nigerian youths do not know where to find a job whereas there are over 48 million internet users in Nigeria and 125 millions have mobile phone…
Elevator Pitch
Traclist allows small and medium sized merchants easily sell online by providing the software and logistics infrastructure required to participate in e-commerce at very low costs to them.
Tell us why your startup is the Worldwide Best Startup
Traclist creates value which directly translates to economic growth for the merchants involved, but also all participants in the value chain and the region at large. This cannot be overstated.
Elevator Pitch
Real-time data, Real-time business, Real-time results.
Tell us why your startup is the Worldwide Best Startup
We have identified a market opportunity worth a lot and are the first to move into that field. Only a few startups with potentials like OvoTek are formed in a decade and this is a rare opportunity to build something big. We believe that our patentable technologies will give us a huge advantage that we can leverage on to succeed…
Elevator Pitch
A new and super efficient way to book taxis in Lagos. 1st Online Taxi Booking Service In Nigeria. Book a ride today via PC or mobile with @
Tell us why your startup is the Worldwide Best Startup
This process has been implemented to many countries around the world. But I am very certain it will be the best in Nigeria and probably even West Africa. Why? its the first of its kind. Disrupting a market that many people have dared not entered. TaxiPark is more than just the first online Taxi booking service in Nigeria, its a revolution…
Elevator Pitch
An exciting new way for students to test their knowledge, share crowd-sourced study materials and prepare for exams on their PC even without an internet connection.
Tell us why your startup is the Worldwide Best Startup
We are disrupting the way e-learning is done in Nigeria and helping students pass their exams with improved grades.