Securing funding is a crucial challenge for startup founders in the tech ecosystem. It’s an important decision that can determine the success of a startup. Funding can be obtained from external sources such as venture capitalists, angel investors, and crowdfunding platforms, while bootstrapping involves relying on personal savings and revenue generated by the business itself.
In Nigeria, where tech startups are growing rapidly, founders often struggle to find the right funding opportunities. In this article, we have curated funding opportunities in different categories that startup founders can explore. These opportunities go beyond personal savings and funds from friends and family.
Government-Backed Funds: Government-backed funds often come in loans and grants. Loans usually have lower interest rates, favorable repayment terms, and reduced collateral requirements, making them more affordable for startups. Conversely, grants do not need to be repaid and are provided to support specific…
