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.

Read this next
More From TC

The Lagos State DNA and Forensics Center (LSD&FC) was commissioned in 2017, and was hailed as the first “high-powered DNA forensic laboratory in Nigeria” with the mandate to conduct scientific investigation of crime in the state, using DNA analysis.


TechCabal is a Big Cabal Media brand



Copyright © 2019
All rights reserved

Privacy & Terms