In a bid to boost investment and mentoring opportunities for startups in the South-South and South-East zones of Nigeria, some members have come together to form the South/South-East (SSE) Angel Network which has just launched. The network launched with 20 investor members, just as it is actively seeking its first investees. Monthly meetings will be held and startups will be invited to pitch for investments.
To create better opportunities for entrepreneurs in the region, the newly launched network will be working collaboratively with accelerators and incubators around.
Uche Aniche, co-founder of the SSE Network affirms that, “The idea is to galvanise locals to mentor and invest in founders and startups in the South-South and South-East of Nigeria. We want to create opportunities and help stem the trend of the brain drain to the West, but also we ultimately want to contribute to the effort of other well-meaning Nigerians in helping the country realise economic potential,”
The SSE Angel Network is an integral part of the African Business Angel Network; which has also, very recently, welcomed a Ugandan chapter to its folds in March, having launched the Kampala Angel Investment Network (KAIN) to drive up investments I’m the region.
Affirming the bunch of local talents available in the region, which is also characterised by low financial support, Aniche rightly believes that financing and opportunities via this would be put in place to help that talent to grow thriving businesses.
We hope to, very soon, begin seeing a lot of startups getting funded and mentored as a result of this network.