Orange Corners Innovation Fund Awards Five Nigerian Start-up €120,000

Start-up entrepreneurs Edu Shola, Founder, Deluxe Creation Studios; Chukwuka Otekeiwebia, Founder, Film Anatomie Manufacturing; Lateefat Adelekan, Founder, Tquart Food; Hawau Kolawole, Founder, Klay Functional Foods & Production Limited and Omolabake Matthew, Co-founder, Nutrition4Kids NG emerged first to fifth place winners at the Orange Corners Innovation Pitch Competition held in Lagos to mark the end of the 9th cohort of the Orange Corners Nigeria Incubation Programme.

According to a statement, the entrepreneurs have access to a €120,000 start-up capital of 75 per cent grant and 25 per cent loan provided by the Netherlands Enterprise Agency.

“This support will enable these promising entrepreneurs to further develop and scale their businesses, contributing to economic growth and job creation in Nigeria.

Orange Corners is an initiative of the Kingdom of the Netherlands launched in Nigeria in 2019 and implemented by FATE Foundation and is currently present in 22 countries within Africa and The Middle East, “the statement added.

The Orange Corners Incubation Programme supports 20 entrepreneurs with enterprise development knowledge, mentoring, access to market, and funding to grow their businesses.

“We are enthusiastic about providing early-stage funding to empower these aspiring young Nigerian entrepreneurs. Our support will facilitate the ideation, development, testing, and prototyping of their innovations, while also assisting them in establishing a robust business model and structure,” Executive Director, FATE Foundation, Adenike Adeyemi said.