Internet entrepreneurs of iROKOtv Jason Njoku and Bastian Gotter, today announced the official launch of SPARK, a $1m-backed company to support and develop aspiring Nigerian tech and Internet entrepreneurs.
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The move comes amid significant disruption in the Nigerian Internet scene; fast becoming one of the country's most prolific and exciting sectors, as many entrepreneurs struggle to make the transition from idea to business due to prohibitive start-up costs, a lack of on-the-ground angel investment opportunities, a lack of access to trusted mentorship and business bureaucracy.
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In a statement by Jessica Hope , the organisation's Head of Communications, said the Lagos based company is set to start a Nigerian IT revolution as 13 start-ups have been funded with $35 75,000 each , adding that the companies include a hotel room booking site.