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January 05.2025

2 Minutes Read

Discover New Investment Horizons: iDICE Programme Empowers Nigerian Tech Sector

iDICE Programme and Bank of Industry logos on a white background.

New Opportunities for Tech Entrepreneurs in Nigeria through iDICE Programme

Nigerian tech entrepreneurs, take note: a fresh wave of opportunity is emerging with the Investment in Digital and Creative Enterprises (iDICE) Programme. Supported by major institutions like the African Development Bank, the Agence Française de Développement, and the Islamic Development Bank, this initiative aims to revolutionize the digital technology and creative sectors across Nigeria. The iDICE Programme focuses on entrepreneurship, innovation, job creation, and economic development, ultimately advancing social progress.

The Role of the Fund of Funds Manager

At the heart of this initiative is the search for a highly qualified Fund of Funds Manager. This manager will design, establish, and oversee unique equity fund vehicles tailored for innovative tech and creative sectors. This involves investment strategies for startups from early stages through growth phases, ensuring nationwide reach. The Fund's journey spans 15 years, with an innovative structure allowing investments in multiple complementary funds. This strategic move positions the tech sector for a future where creativity and technology intertwine extensively.

Minimum Qualifications and Responsibilities

The potential Fund Manager must showcase a minimum of five years of solid experience in managing venture capital or private equity funds in Nigeria. This role demands adeptness in fund design, due diligence, deal sourcing, financial preparation, and more. The selected manager will not only supervise capital commitments but also engage in precise valuation strategies, safeguarding environmental and social governance. This framework signifies a substantial shift towards a more structured and innovative investment model in Nigeria.

Implications for the Tech Sector

Understanding this transformative programme provides tech entrepreneurs with insightful foresight into how support mechanisms evolve. The iDICE Programme promises a robust future for innovators, aligning with global trends that prioritize sustainable, tech-enabled business models. Embracing such opportunities can pave the way for substantial growth, aligning Nigeria’s tech landscape with international innovation standards.

Conclusion

The iDICE Programme isn't just an investment effort—it’s a visionary stride towards nurturing a powerhouse of technological creativity. For tech entrepreneurs, this initiative is a call to action—an invitation to innovate and thrive under a strategic, structured environment designed to foster groundbreaking projects. Take the lead in this new era of digital and creative investment—it might just redefine your entrepreneurial journey.

Tech Tribe

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Discover New Investment Horizons: iDICE Programme Empowers Nigerian Tech Sector

New Opportunities for Tech Entrepreneurs in Nigeria through iDICE Programme

The Role of the Fund of Funds Manager

Minimum Qualifications and Responsibilities

Implications for the Tech Sector

Conclusion

+650 980 9020

AVAILABLE FROM 8AM - 5PM EST

6749 S. Westnedge Avenue, Suite K-161, Portage, Michigan, U.S.A

ABOUT US

Terms of Service

Privacy Policy

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