440NG, the accelator created out of the joint venture between 88mph and L5 Labs announced via their Twitter feed that they’d picked their finalists.

Now, there’s a ton of speculation as to WHO exactly got into the program – everyone seems to be ridiculously tight-lipped about the process but here’s what seems to be apparent:

  • 10 startups have received offers to join 440NG’s first cohort. The names that keep coming up are Bambo Oyelaja’s prayer request service – PrayerBox, media analytics company – PlaySpread, e-commerce shopfront creator and Battlefield finalist 500 Shops as well as Battlefield winner PrepClass.
  • we expect the terms to vary but what we’ve heard sounds pretty decent.  Somewhere in the region of $25,000-30,000 for 30% of the company as well as office space in the swanky Moorhouse Sofitel, a personal allowance for founders and other costs covered by the incubator.

We’ll provide more information as it becomes available to us.

More From TC
No Electricity For Emergency Laparotomy; Solar Energy Is Helping A Nigerian Hospital Save Lives
people, startups
September 21, 2018

Nigerian businesses including hospitals critically need power to survive and for some, to save lives. Renewable energy (especially off-grid) presents a strong proposition to address the power challenges.

Postpartum Haemorrhage: Africa Urgently Needs To Invest More In Healthcare Logistics
Funding, people, startups
September 21, 2018

The top 20 countries in the world with the highest maternal mortality rates are in Africa making PPH as a factor in maternal mortality is a very serious problem that requires urgent attention.

Opinion: Why Nigeria’s Tech Ecosystem Shouldn’t Be Built Exclusively With Foreign Capital
Funding, people, startups
September 21, 2018

El Dorado will be a tech ecosystem built by international and local investors in a sustainable manner creating win-win scenario for all parties alike.

HydroPower Dominates Africa’s Renewables But Over 80% Of Its Potential Remains Untapped
people, startups
September 20, 2018

Africa has a potential to have installed energy capacity of about 350,000 MW (350 GW) from hydropower alone but only about 10 – 20% has been installed.


TechCabal is a Big Cabal Media brand



Copyright © 2018
All rights reserved

Privacy & Terms