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NCDF Launches Accelerator for 1,000 Nigerian Startups

4/21/2025

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Summary

Story summary

The Nigerian Capital Development Fund (NCDF) launched the Fortune Entrepreneur Accelerator to support 1,000 startups.
This initiative features an 8-week accelerator program, ending with a summit in Benin City in September 2025.
Startups may receive equity investments up to ?50 million from the NCDF Opportunity Growth Fund.
Eligibility targets Nigerian entrepreneurs aged 18-45, emphasizing women-led and tech-enabled businesses.
The program aims to drive innovation and boost economic growth in Nigeria.

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Story summary

The Nigerian Capital Development Fund (NCDF) launched the Fortune Entrepreneur Accelerator to support 1,000 startups.
This initiative features an 8-week accelerator program, ending with a summit in Benin City in September 2025.
Startups may receive equity investments up to ?50 million from the NCDF Opportunity Growth Fund.
Eligibility targets Nigerian entrepreneurs aged 18-45, emphasizing women-led and tech-enabled businesses.
The program aims to drive innovation and boost economic growth in Nigeria.