The Nigerian Capital Development Fund (NCDF), in collaboration with the National Board for Technology Incubation and the London School of Social Enterprise and Sustainable Economics, has launched the Fortune Entrepreneur Accelerator, Summit & Venture Capital Programme. This initiative aims to identify, develop, and fund 1,000 high-potential Nigerian startups across various strategic sectors, culminating in a national summit in September 2025.
NCDF Launches Ambitious Entrepreneur Accelerator for 2025
The Nigerian Capital Development Fund (NCDF) has announced the call for applications for its 2025 Fortune Entrepreneur Accelerator, Summit & Venture Capital Programme. This collaborative effort with the National Board for Technology Incubation and the London School of Social Enterprise and Sustainable Economics seeks to nurture Nigeria’s next generation of entrepreneurial talent.
Programme Objectives and Funding
The core objective of the Fortune Entrepreneur Programme is to identify, develop, and provide funding for 1,000 high-potential startups across Nigeria. The initiative targets key sectors vital for national development, including:
- Agriculture
- Energy
- Fintech
- Healthcare
- Manufacturing
- Creative Industries
- Climate Innovation
Central to the program is the NCDF Opportunity Growth Fund, a dedicated venture capital vehicle. This fund is poised to offer up to N500 million in equity investment to selected startups, with an ambitious goal of generating over $10 billion in long-term value. This significant investment aims to foster wealth creation, empower youth, and drive industrial innovation within Nigeria.
Key Benefits for Participating Startups
The 8-week accelerator program offers a range of benefits designed to equip participating startups with the necessary tools and knowledge for success and scalable growth. These benefits include:
- Access to venture capital funding from the NCDF Opportunity Growth Fund.
- Long-term scale-up support.
Eligibility Criteria
Nigerian entrepreneurs interested in applying for the Fortune Entrepreneur Programme must meet specific eligibility criteria:
- Age: 18–45 years old.
- Startup Stage: Startups at the idea, Minimum Viable Product (MVP), or growth stage.
- Business Focus: Preference for women-led, youth-driven, and tech-enabled businesses.
- Impact: Strong social and economic impact potential.
Key Takeaways
- The NCDF Fortune Entrepreneur Accelerator aims to support 1,000 Nigerian startups.
- The NCDF Opportunity Growth Fund will provide up to N500 million in equity investment per selected startup.
- The program targets diverse sectors including agriculture, fintech, and climate innovation.
- Eligibility requires Nigerian entrepreneurs aged 18-45 with high-potential startups.
- The initiative seeks to generate over $10 billion in long-term value for Nigeria.
Sources
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