Start-ups shop for investors at demo day
As the nation’s fintech sector continues to advance and record more wins, five start-ups have made a big impression on potential investors at a demo day organised by ARM Labs.
The ARM Labs Innovation Programme, a flagship initiative of ARM Group, hosted the successful Demo Day for its fifth cohort in Lagos. At the event, five promising start-ups that have completed the intensive seven-week programme made presentations to investors and industry experts.
According to the organisers, this year, the innovation programme expanded to accommodate FinTech, PenTech (Pension Tech), Data Intelligence and Digital Trade start-ups.
With a focus on empowering Nigeria’s future leaders, the programme aimed to discover and support potential start-ups in those categories.
Speaking at the event, the Director of Digital Transformation at ARM, Ina Alogwu said: “Entrepreneurs that have very interesting things have ARM Labs’ commitment to assist them.
“We don’t just try to offer financial support; it goes beyond that. Think of a venture like a growing child. When the kid is younger, they need a lot of handholding and that is what we are trying to do. We are using our expertise to try and guide ventures while also seeking external mentors who come from several fields and backgrounds to help us achieve that objective as well.”
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.