Nigeria remains one of Africa’s most dynamic startup hubs, yet nearly 46% of small businesses in Nigeria do not survive past three years and women founders continue to face steep barriers to capital and visibility.
Research suggests that the first 3-5 years are among the most crucial: those are the years where many firms either establish strong operational discipline, leadership resilience, and access to networks, or they collapse under cumulative burdens of cash flow problems, burn-out, and governance lapses.
According to the African Future Leadership, Over 60% of Nigerian startups fail within their first two years, primarily due to leadership shortcomings. Additionally, Approximately 70% of startups globally fail by the fifth year of operation.
Let’s imagine one of those mornings that founders dread. Laptops open, spreadsheets flashing red, and a team trying to make sense of what just happened.
For Ada and her two-person crew wearing all the hats of business dev, admin, accounts, compliance, COO, CTO, CRM, the news of their investor pulling out hit like a power surge – unexpected and destabilizing.
By noon, she had already opened ten tabs on her browser, searching for grants, accelerators, and anything that could keep their dream afloat.
Then, in a startup forum thread buzzing with stories, a headline (or lifeline if you will) caught her eye: “Applications open for the Foundry for HER Bootcamp.”
At first, Ada almost scrolled past it. But as she read on, the description stopped her. This didn’t seem like another generic training. It was a focused accelerator built for women like her, founders who had bold ideas but limited access to capital, networks, or mentorship.
Programs like this often provide the bedrock on which many Nigerian and African tech entrepreneurs are able to exist while building their solutions.
Officially announced in early September 2025, the Foundry for HER Bootcamp, powered by Aurora Tech Award in partnership with The Nest Innovation Technology Park Ltd, is a three-day virtual accelerator designed exclusively for early-stage women-led tech startups in Nigeria.
Running from October 15 to 17, 2025, the program promises to deliver practical tools, expert mentorship, and investor readiness strategies to help founders like Ada not just survive, but scale. Over 120 female founders will be trained in critical growth areas such as fundraising, pitching, and expanding beyond local markets, with masterclasses led by some of Africa’s most seasoned investors and ecosystem builders.
Speaking on the initiative, Isabella Ghassemi-Smith, head of the Aurora Tech Award, said:
“At Aurora Tech Award, we focus on one thing: giving the world’s boldest women founders the fast track to scale. Nigeria has already proven itself on the global stage through our past winners, and with the Foundry for HER Bootcamp, we’re doubling down, giving early-stage founders the tools, network, and visibility to compete at the highest level.”
That night, Ada didn’t sleep much. But for the first time in weeks, her thoughts weren’t about what her startup had lost, they were about what it could become.
Because sometimes, the turning point for a startup isn’t a new investor. It’s the right opportunity. The Aurora Tech Award is a prestigious annual global prize set up by inDrive for women entrepreneurs in IT. Its goal is to give global recognition to emerging markets’ boldest female tech founders.
Following high interest from women founders across the country, the deadline for applications for this bootcamp intervention has now been extended till October 9, 2025, giving more startups the opportunity to take part in the transformative experience.
Apply for the Foundry for HER bootcamp here. For Aurora Tech Award, see details here.
