Perhaps the most common question I get from people about our program is why are we focused on tech businesses. And honestly, we’re not!
ProTeach, one of our startups is primarily concerned with teaching students, PayConnect is concerned with giving out easy loans, Jalo is concerned with helping small businesses handle delivery, etc. Would you consider hotels.ng a tech company, they are in the hotels booking space, just using technology smarter than ancient travel agencies, same thing with Iroko (simply put, they are “video clubs” from the 90’s on steriods) - Tech isn’t the business, tech is the enabler of the business, tech levels the playing field, its just the adaptation of technology that differentiates companies.
Impact startups are high on our priority list, infact, since day 1, we have had a lesser publicized startup foundation that works primarily with startups that are business oriented but startups focused. And after seeing what egbon Seun and the BudgIT team are doing, funds are moving in that sector too . As regards bias, we try to treat all ideas equally on their own merits, and are constantly looking for companies that “surprise” us!