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Reality TV show to empower start-ups with N1bn
Temiloluwa O’Peters
The Incubator Reality, a reality TV show, is set to empower Nigerian startups to increase their capacity and access to funding via a novelty incubation programme.
A statement on Sunday by ECSCORP, the Incubator’s architect, said the TV show sought to change the startup narrative by creating a startup hub where best brains were incubated to encourage product exposure, partnership, and funding.
According to the firm, startups encounter many challenges especially during the formation stage, from seed funding, partnership and investment, business resource and mentorship.
The statement said, “Our local talents are blessed with ideas and innovation that can compete with their peers in other nations of the world, but our banks have low appetites to support these talents, their ideas and innovations.