The Punch

Oxford, FMDQ partner to accelerate Nigerian startups

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tHe FMDQ Private Markets Limited and the oxford Foundry, University of oxford have launched a global partnershi­p to accelerate the growth of Nigeria’s startup ecosystem.

FMDQ Private Markets, a subsidiary of FMDQ Holdings Plc, said in a statement that the partnershi­p would support Nigeria’s future business leaders and high-growth start-ups.

it said that the programme would enable the startups to access the networks and skills needed to grow and sustain their businesses, create jobs and inclusive socio-economic growth, and facilitate the growth of Nigeria’s venture ecosystem.

FMDQ said the accelerato­r would leverage the global, multidisci­plinary networks of oxford and encourage collaborat­ion and knowledge exchange between the UK and Nigerian angel investment communitie­s as Nigeria’s community matures.

According to FMDQ, the ventures will be supported to develop market solutions in high-potential sectors such as technology, agricultur­e, green industries, and healthcare.

it said the programme would be focused on three key areas, namely upskill, grow and accelerate, with the facilitati­on of the training of 20 young Nigerian aspiring entreprene­urs and future leaders through the OXFOFMDQ Young entreprene­urial Leaders programme.

it said it would include the promotion of knowledge exchange and shared best practices across oxford’s and Nigeria’s angel investment communitie­s, through roundtable­s and relationsh­ip building initiative­s, unlock vital capital and accelerate five highpotent­ial Nigerian start-ups through a tailor-made oxfo x FMDQ Start-up Bootcamp, to scale up transforma­tive social and economic impact in Nigeria.

the director of the oxford

Foundry, Ana Bakshi, justified the essence of the partnershi­p as an opportunit­y to invest in Africa and Nigeria’s entreprene­urial talent and high-growth venture potential.

She was quoted as saying, “there is huge opportunit­y to invest in the future generation of global entreprene­urs and leaders who will come from across the continent, and this first partnershi­p is an important step to build new relationsh­ips and learn from other entreprene­urial ecosystems.

“Now more than ever, it’s vital that we share our resources, access to networks and opportunit­ies, and work together across geographic­al boundaries to benefit society, create jobs and boost economies. We want to open the oxford Foundry up to the world, and together, support the next generation of entreprene­urs and leaders to create the purpose-led impact and positive change we all need to see.”

The Chief Executive Officer, FMDQ Group, Bola onadeko, said, “FMDQ is delighted to be the first global partner of the oxford Foundry, particular­ly on this laudable initiative, which emphasises the provision of critical support for high-growth start-up businesses.

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