Unlocking Innovation: Osun State Launches Startup Fund & Global Tech Sponsorships!
Osogbo, Osun State – Monday, November 25, 2024
In a bold move to ignite the spirit of innovation and entrepreneurship, the Osun State Government has rolled out two game-changing initiatives that are set to reshape the tech landscape in Nigeria. These exciting announcements were made during a riveting Fireside Chat event on Wednesday, November 20, 2024, featuring the dynamic Hon. Azeez Badmus, Special Adviser to the Governor on Innovation, Science, and Digital Economy, and the visionary Hon. Adeyemi Adewumi, Chairman of the House Committee on Innovation, Science, and Digital Economy.
Guided by the capable Mr. Jude Feranmi, who has been a pivotal force in connecting the tech ecosystem with government, the event was charged with energy and anticipation.
The tech community has hailed these announcements as a transformative leap forward, positioning Osun State as a beacon of innovation in Nigeria.
Introducing the Startup Fund Initiative
Hon. Badmus unveiled an exciting plan to establish a dedicated Startup Fund within the 2025 state budget aimed at nurturing select startups in Osun State. Launching in the upcoming year, this pilot program will offer a lifeline to innovative entrepreneurs, with the insights gathered shaping future government support initiatives. This initiative is designed to:
- Provide crucial financial support to high-potential startups ready to take off.
- Forge strategic partnerships with private sector organizations to ensure impactful implementation.
Stay tuned for more details on eligibility criteria and the application process, which will be announced shortly!
Global Exposure for Tech Startups
But that’s not all! Hon. Badmus also announced an incredible opportunity for select startups from Osun State to participate in international tech events in Canada and South Africa in 2025. Through this sponsorship program, the government aims to:
- Showcase the innovative prowess of Osun-based startups to a global audience.
- Facilitate connections and collaborations with leading tech players and investors worldwide.
- Elevate the profile of Osun’s emerging tech ecosystem on the international stage.
Highlighting the importance of these sponsorships, Hon. Badmus stressed that they are part of a comprehensive strategy to enhance the digital economy and promote local innovation, putting Osun State firmly on the global tech map.
Launching the Startup Bill for Osun State
In a further show of commitment, Hon. Adeyemi Adewumi announced that the Startup Bill is set to be fast-tracked and passed within the next month. This legislative framework is poised to create a thriving environment for entrepreneurship, laying the foundation for a sustainable startup ecosystem in Osun State.
Engaging the Tech Community
The Fireside Chat, hosted by the Founders’ Hub, served as a vibrant platform for dialogue between government officials, entrepreneurs, and tech stakeholders. With Mr. Jude Feranmi at the helm, the event tackled the challenges and opportunities present in the digital landscape, showcasing the government’s commitment to supporting innovation.
Osun State’s Vision for a Digital Economy
These announcements are just the beginning of the Osun State Government’s ambitious vision to propel economic growth through strategic investments in technology and entrepreneurship. By fostering an ecosystem that empowers startups and provides global exposure, Osun State is set to shine as a leader in innovation in Nigeria and beyond.
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