The Nigerian Capital Development Fund (NCDF) in collaboration with the National Board for Technology Incubation and the London School of Social Enterprise and Sustainable Economics has officially announced opening of Applications for the Fortune Entrepreneur Accelerator, Summit and Venture Capital Programme.
This transformative initiative, scheduled to culminate in a national summit in Benin City, Edo State in September 2025, is designed to identify, develop, and fund Nigeria’s next generation of 1,000 high-potential startups across strategic sectors such as agriculture, energy, fintech, healthcare, manufacturing, creative industries, and climate innovation.
‘At the heart of the programme is the NCDF Opportunity Growth Fund, a dedicated venture capital vehicle providing up to ₦50 million in equity investment to selected startups. The fund aims to generate over $10 billion in long-term value, supporting Nigeria’s goals of wealth creation, youth empowerment, and industrial innovation.
The Fortune Entrepreneur Programme is more than a start-up support initiative — it is a national platform to build unicorn enterprises that will drive Nigeria’s innovation economy. With the right support and capital, Nigerian entrepreneurs can build companies that would rival the best in the world’ Executive Chairman of NCDF, Hareter Babatunde Oralusi submitted in a statement made available to Team@orientactualmags.com on Sunday.
‘Programme Highlights Include:
An 8-week accelerator programme that offers several key benefits for participating startups:
·From your document: 1. Business Development: The programme provides comprehensive business development support to help startups refine their business models, strategies, and operations.
2. Compliance Training: Participants receive training on compliance requirements, ensuring that their businesses adhere to relevant regulations and standards.
3. Investment Readiness Support: The accelerator prepares startups for investment by enhancing their readiness to attract and secure funding from investors.
·These benefits are designed to equip startups with the necessary tools and knowledge to succeed and scale their businesses effectively.
The Fortune Entrepreneur Summit in Benin City, Edo State (September 2025), with live startup pitches, exhibitions, masterclasses, and investor engagement.
Access to venture capital funding and long-term scale-up support from NCDF Opportunity Growth Fund
Participation Fee: ₦50,000
Eligibility Criteria:
Nigerian entrepreneurs aged between 18 and 45, Startups at the idea, MVP, or growth stage, women-led, youth-driven, and tech-enabled businesses and strong social and economic impact potential’ the statement added -Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
