Lagos based is one of the wave of accelerators that have hit the coast of Lagos in a bid to harness the vibrant energy of Nigerian internet and technology entrepreneurs. The platform is a joint venture between L5Lab and 88Mph and looks to invest between $20,0000 and $110,000 in pre-revenue startups as well as post-revenue startups looking to scale their businesses through outside investment and strategic support.

Admittance into the programme also gives the startups access to a co-working space and a three-month mentorship programme.

To this end, 440ng has announced the recruitment a star-studded mentor faculty for its maiden accelerator cohort of 2014.

The group consists of both the usual and some unusual suspects. Konga’s Sim Shagaya, Jobberman’s Deji Adewunmi and Supermart CEO Raphael Afaedor will be mentoring the startups alongside Interswitch boss Mitchell Elegbe, Afam Edozie, venture capitalist and former CMO of MTN Nigeria, Tomi Hudonu, country manager of Cheki Nigeria and Jay Alabraba, co-founder of Paga.

According to L5Lab’s Chika Nwobi, besides capital, access to experienced mentors is fundamental for startups.

“These mentors have indeed been at the frontier of the evolving mobile/web industry in Nigeria. Their businesses have used mobile/web technology to scale & disrupt traditional businesses, and target African consumers. They will be a part of creating a new generation of tech giants, like themselves.” said Kresten Buch of 88MPH in an official statement.

The accelerator appears to be especially interested in founders who have corporate experience in Nigeria and want to ditch their jobs and make the entrepreneurial plunge. Applications to the 440ng startup cohort are still ongoing.

Correction, 04/07/2014: This post has been updated to correct an omission that suggested that 440NG invests only in pre-revenue startups and not also post-revenue.

Read this next
Events, startups
2nd July 2014

It’s not too long ago we were asking what happened to Barcamp Nigeria. Well, after a 2 year-long hiatus, Barcamp Nigeria will finally return this August. BarCamp is an international network of user-generated unconferences primarily focused around technology and the web. An unconference is a participant-driven gathering where all attendees are both speakers and learners. Everyone […]

More From TC
TechCabal Daily, 842 - Bosun Tijani leads 80 industry stakeholders on a two-day summit over the AfCFTA
AfCFTA, Business, ecosystem, Entrepreneurship, Events, Government
15th August 2019

And so to Kigali. On Thursday, August 15, more than 80 people from 30 African countries gathered in the sleepy and well-manicured Rwandan capital to discuss how to create a framework to ensure the success of the African Continental Free Trade Agreement (AfCFTA). Industry leaders in the technology and creative ecosystems were in attendance on […]

Gokada shuts down for two weeks in bid to reboot operations
Blog, Business, Internet, News, Ridesharing, Technology
14th August 2019

Gokada, the popular bike hailing startup, has stopped all mobility operations for the next two weeks. In a Medium post, CEO Fahim Saleh, announced that the Gokada app will be temporarily disabled and all bikers will be off the road during this period.

TechCabal is a Big Cabal Media brand

Copyright © 2019
All rights reserved

Privacy & Terms