Spread the love

Entrepreneurs in Edo State are in for exciting opportunities as the Governor Godwin Obaseki-led administration is putting structures in place, such as the Edo Startup Fund, to enhance access to funding for small businesses to scale their operations.

Edo State Focal Person for Social Investment Programme (SIP), Ms Aladeshelu Abieyuwa, disclosed this in a chat with journalists in Benin City, the Edo State capital.

The governor’s aide said the Obaseki-led administration wants to empower young people with ideas to start businesses or scale operations of existing Small and Medium Scale Enterprises (SMEs), noting, “The governor has given them a platform to express themselves. He has provided seed capital for startups and to enable existing businesses to scale their operations so they can employ more people. He provided seed money for each registered company in November when he launched the Fund.

She noted that under the Edo Startup Fund, entrepreneurs are provided with early stage advisory and support to enable them survive the challenges of starting businesses in Nigeria, noting, “We know that startups often die within one or two years. What we have done is to take them through a two-week incubation period, during which we bring in coaches to train them on business best practices.

“They are trained on how to develop business plans and models as well as profitability studies. We also train them on how to do an elevator pitch. This is to prepare them to engage confidently with potential investors and sell their business ideas successfully. We also ensure that they go through enterprise development training so they can develop new products from their businesses. We do this every quarter in a year.

She noted that the Fund also provides networking opportunities for startups and links them to other institutional investors. “We are working with some institutions on certification and training. We are also linking up with angel investors so they can stake their monies in these companies. Some of the startups have struck deals with these investors, as we speak,” she added.

According to her, “We have just unveiled the startups to increase their visibility. They have brilliant ideas and were not getting recognition. So, we created the platform to enable them to pitch their businesses to mentors and investors. At the spot, four of them got people who were ready to take them up and invest in their businesses.”


  1. Thanks for giving your ideas. Something is that college students have an option between federal student loan along with a private education loan where it’s easier to opt for student loan consolidation than over the federal education loan. kratom for sale

  2. Thanks a lot for sharing this with all of us you really know what you are talking about! Bookmarked. Kindly also visit my site =). We could have a link exchange contract between us!

  3. President Kennedy once made exercise in school a major component of U.S. youth education, orientation, and lifestyle. With childhood obesity and diabetes on a meteoric rise in this country, we need to get back to teaching the importance of being active to get and stay healthy. viagra en ligne

  4. I intended to write you one bit of word so as to thank you so much once again considering the incredible techniques you’ve provided at this time. It has been certainly unbelievably open-handed with you to convey unreservedly all that many individuals could possibly have offered for sale for an electronic book to help with making some money for their own end, most notably now that you could have tried it if you decided. The secrets in addition acted to be the easy way to understand that the rest have similar dream really like my own to know a whole lot more when it comes to this issue. I’m certain there are several more fun occasions ahead for those who check out your site. viagra without doctors prescription

  5. I just want to mention I’m very new to blogs and seriously savored you’re page. Likely I’m want to bookmark your blog . You surely have fabulous article content. Regards for revealing your website.

  6. I simply want to mention I am just beginner to weblog and really liked you’re web-site. Most likely I’m likely to bookmark your blog post . You absolutely have amazing writings. Many thanks for revealing your web-site.

  7. I keep listening to the news update talk about receiving free online grant applications so I have been looking around for the finest site to get one. Could you advise me please, where could i acquire some?

  8. I’ve been exploring for a little bit for any high-quality articles or weblog posts on this sort of house . Exploring in Yahoo I ultimately stumbled upon this website. Studying this info So i am satisfied to convey that I’ve an incredibly good uncanny feeling I discovered exactly what I needed. I such a lot undoubtedly will make sure to do not fail to remember this web site and give it a glance on a relentless basis.

  9. naturally like your website however you need to test the spelling on quite a few of your posts. Several of them are rife with spelling problems and I in finding it very troublesome to tell the truth however I’ll definitely come back again.


Please enter your comment!
Please enter your name here