SIA Startup Foundry Ignites Innovation in Collaboration with MSBM UK

In a strategic move aimed at fortifying the African startup ecosystem, Sola and Ibukun Adeyinka, the visionaries behind the SIA Foundation, have joined forces with the Metropolitan School of Business and Management UK (MSBM UK) to introduce a groundbreaking initiative—the SIA Startup Foundry.

This revolutionary incubator program transcends conventional funding avenues; it stands as a comprehensive platform, offering intensive training and mentorship to foster the growth of early-stage startups.

Africa is currently experiencing an unprecedented surge in entrepreneurial enthusiasm, buoyed by a flourishing economy and an influx of groundbreaking startups.

Recognizing this dynamic landscape, the SIA Startup Foundry is poised to redefine the business landscape, providing support and guidance to 40 startups over an immersive six-month period.

At the heart of the SIA Startup Foundry’s offerings is a seed fund amounting to $10,000, strategically earmarked to scale the operations of five standout startups. However, the program goes beyond mere financial infusion. It encompasses world-class training facilitated by MSBM UK in collaboration with the foundation, ensuring participants receive top-notch guidance and education.

Mentorship stands as another pivotal pillar of this initiative. Participants will have the invaluable opportunity to glean insights from seasoned industry experts, aiding them in navigating the intricacies of their startup journey. Furthermore, the program facilitates a unique platform for networking, learning, and growth, connecting entrepreneurs with some of the most influential minds in the business.

A focal point of the program is the highly anticipated Demo Day. During this event, participants will pitch their ideas to potential investors, presenting the epitome of their innovation and entrepreneurial spirit.

The eligibility criteria for this program are meticulously crafted to ensure it benefits startups with the highest potential for growth and market impact. The emphasis is on technology-enabled businesses in sectors such as healthcare, education, agriculture, light manufacturing, renewable energy, and recycling.

Startups that have been operational for 1-2 years, led by founders aged between 20-35 years, demonstrating scalability, market potential, and uniqueness, are strongly encouraged to apply.

The application process is streamlined, requiring prospective participants to apply online and submit necessary documents such as business plans, bank statements, resumes, and regulatory ID cards. The application window remains open until December 4th, providing a unique opportunity for startups to leverage this platform for unparalleled growth and development.

In summation, with the generous support of its lead sponsor Vale, the SIA Startup Foundry is poised to be the launchpad for Africa’s emerging business leaders, offering an unparalleled blend of financial support, training, and mentorship.

This initiative underscores the SIA Foundation’s unwavering commitment to nurturing entrepreneurial drive in Africa.

For further details on the SIA Startup Foundry and to initiate the application process, please visit www.siafdn.org. The foundation eagerly awaits applications from ambitious entrepreneurs ready to elevate their startups to the next level.

**About SIA Startup Foundry:**
SIA Startup Foundry is an avant-garde initiative of the SIA Foundation, founded by Sola and Ibukun Adeyinka.

**For Media Inquiries:**
Modupe Phillips, (Programme Manager: 08077855777)
SIA Startup Foundry, an initiative of the SIA Foundation
1-5 Odunlami Street, Marina, Lagos