#StartupSouth, a platform that believes in the power of entrepreneurship for development and inspiring a generation of founders building innovative and scalable solutions in Africa’s emerging commercial cities, and Rebel Seed Capital, an emerging venture firm for underserved cities in Africa which invests in founders building market creating ventures that unlock opportunities and wealth for the greater good, have jointly announced plans to host ‘Oil & Gas Early Stage Startup Investment Masterclass in Enugu, Port Harcourt & Lagos’, TechEconomy.ng can report.
According to Uche Aniche, the Convener of #StartupSouth, the Oil & Gas Early Stage Startup Investing Masterclass will help professionals in the Oil & Gas sector make sense of the African Innovation Ecosystem.
“#StartupSouth is teaming up with Rebel Seed Capital – (emerging cities focused venture capital firm), SSE Angel Network, African Business Angel Network, Dream VC, TechCabal Insights and TVC Labs to assemble the best minds in the space from across the globe to discuss everything Venture Capital, Angel Investment, African Innovation Ecosystem & more”, he said.
According to Aniche, as the African Startup Ecosystem is getting more interesting, a major hard to ignore trend is the emergence of Startup Investing as alternative asset classes “and this is opening up opportunities for professionals across all sectors to participate as investors or enablers through corporate Innovation”.
However, there are currently few structured ways for these Professionals to learn about the space.
In 2021, African Startups raised $4.3 Billion dollars in investment. Nigeria Startups got roughly $2 Billion and this came from mostly external VC and Angel investors.
In 2021 also, investors in Paystack – a Nigerian Payment processor – made around 20x their initial investment (within 5 years) when the company sold to Stripe – a US payment processor.
Flutterwave and Andela achieved Unicorn Status (Companies valued at over $1 Billion) and KudaBank – a new digital challenger bank – currently has over $500 Million in valuation, multiplying early investors’ money by several factors already.
The Session is planned to share information an Oil & Gas professional needs to operate in the Innovation space while avoiding pitfalls of starting out as an Investor or an Innovator.
Registration and Participation
The Masterclass will be held in three different cities – Lagos: 26th & 27th February, 2022, Port Harcourt: 5th & 6th March, 2022, Enugu: 12th & 13th March, 2022.
Direct Registration link is HERE.
Note that participants in the in-person Session will be checked into an exclusive hotel for the duration of the Session.
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