World Business Investment Forum (WBAF) has announced funding opportunity for startups in Nigeria under the Global Fundraising Stage (GFRS).
The GFRS is an international co-investment platform for investors, startups, scaleups and high- growth businesses that are aiming to globalise by raising funds from qualified investors.
The 2021 Global Fundraising Stage is supported by the WBAF Angel Investment Fund, which aims to invest in startups of the GFRS 2021.
TechEconomy.ng understands that the funding offers unique opportunity to one hundred (100) selected startups and scaleups to pitch their businesses on WBAF’s Global Fundraising Stage at its virtual World Congress from 15th – 21st February 2021.
It is important to note that the WBAF Fund is only one of many investors and investing institutions that will be present at the GFRS 2021.
The mission is to showcase the world’s top startups and scaleups, which, typically, are funded companies in the process of raising €50,000 – €3m and with the aim of globalising.
Applications will be accepted online only through a special GFRS 2021 link.
30th January 2021
The GFRS 2021 package
Each business selected for the GFRS 2021 will pay a special GFRS booking fee of €500 – €600 depending on the chosen access level (see details through the link above).
For each additional team member beyond 2 founders, an additional fee of €300 shall apply.
What you should know about WBAF
WBAF believes that connecting entrepreneurs from all over the world with world leaders and qualified global investors will contribute to the development of more efficient ecosystems for their respective economies and generate financial returns as well.
This is particularly promising in the case of Nigeria considering the significant global attention that the country is receiving for the vibrancy and immense potentials of its startup ecosystem.
The WBAF, an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), is committed to collaborating globally to empower the economic development of the world by fostering innovative financial instruments for startups, scaleups, innovators, entrepreneurs and Small and Medium Enterprises and to promoting gender equality and women’s participation in all sectors of the world economy.
The Forum accomplishes its mission through various parties and channels. These include High Commissioners, Senators, International Partners and Faculty Members from 127 countries; 8 Country Offices on 5 continents including Nigeria; the WBAF Business School; and, 5 International Working Committees.
The Forum has the Angel Investment Fund, partnerships with 12 global institutions and Economic Cooperation Agreements with 5 Governments so far.