NCDMB to launch 17 companies from technology incubation centre

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The launch of the companies will hold on Thursday, 24 August, 2023, at the Nigerian Content Tower, Oxbow Lake Road, Yenagoa, Bayelsa State

, and will have in attendance international and local venture capitalists, investors, and product development subject matter experts who might be interested in investing or partnering the new portfolio companies. Key highlights of the event will be the pitching by the founders on their business ideas, with the hope of eliciting the interest of investors.

Commenting on the initiative, the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote explained that the Board deploys an end-to-end strategy in its projects and does not relent until ideas that it supports are fully deployed, commercialised and begin to solve societal problems. Speaking ahead of the launch, the Director of Planning, Research, and Development, NCDMB, Alhalji Abdulmalik Halilu explained that Founder Institute was engaged by the Board in December 2022 as a partner in product development. The program started with 54 incubates He further hinted that the collaboration leveraged on the Founder Institute’s globally recognized Accelerator programme that saw the 54 incubates transiting from idea to business development.

He stated that the incubation process will continue after the launch and will include validation, startup process, assuring that the Board will handhold the companies until their minimum viable products are introduced in the market and become successful.

 

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