The Federal Government has commenced Startup programme to build entrepreneurial spirit in youths, unemployment and prepare them toward self-sustaining activities rather than be job seekers.
The Special Assistant to the Vice-President on Innovations and Entrepreneurship, Ife Adebayo, made the disclosure in an interview with newsmen in Abuja.
He said the programme would involve training of youths in innovation and technology among others, starting from the North-Central and South-East region of the country.
The Vice-President’s aide said the overall objective of the programme was for the Federal Government to galvanise social and economic activities to boost the economy.
“This is one of the cardinal objectives why the Federal Government engaged the private sector participants, to support companies that would boost the economy in their regions.
‘’One of the best ways we can accelerate our exit from recession is to support companies to do much more than they are currently doing,’’ Mr Adebayo said.
‘’Start-up Nigeria, is a programme that focuses on innovation, agriculture and technology, everybody involved in innovation, technology and agriculture, within the two regions, will be supported to achieve his or her objectives.
‘’Globally, it is known that people who work in start-up organisations end being employers of labour, and build their businesses from the ideas they got from such ventures.
‘’The start-up programme fully supports President Muhammadu Buhari’s goal and zeal, which stress the need to have more employers than job seekers in the country.
‘’Beyond the direct impact in the collaborative effort will have on the participating private companies, there are a lot secondary and tertiary impact on the nation.
“This is because as government reaches out to a lot of startups, they will in turn train more people on entrepreneurial skills and employ others,’’ he said.
Mr Adebayo said the startup would be funded from the N500 billion, Federal Government fund earmarked for the implementation of social investment programmes.
Mr Adebayo assured that conscious effort was being made to effectively fund the programme for government to achieve its aims and objectives of putting Nigeria on the path of enhanced entrepreneurial, technological, innovative and agricultural development.
According to him, government will also engage and pay experts that will teach participants and offer advice and guidance them on agriculture, technology, financing projects among others, free of charge.
Mr Adebayo, who revealed that over 400 youths from South-East and North-Central had so far applied to be engaged in the programme, said that Start-up had the potential of changing their lives for the better.
The Vice-President’s aide advised youths to visit Start-up website: www.startupnigeria.ng to register for the programme, to enable them acquire knowledge, skills and experience, free of charge.
He said the programme would afford participants the opportunity to contribute their quota to the social and economic development of Nigeria.
Startup Nigeria is an intervention of the National Social Investment Program (NSIP) under the Office of the Vice President of the Federal Republic of Nigeria as part of the program to support private sector innovation hubs for the strategic increase of entrepreneurial and technological capacity across Nigeria.
It is a 3 month incubation program designed to help Nigerians with great innovative ideas – create viable products, go to market and gain traction.
The program will provide training, mentorship and equity free funding to selected startups, with a specially curated curriculum designed specifically to help idea and early stage entrepreneurs find their footing and grow in Nigeria’s socio-economic terrain. Startup Nigeria gives founders the needed leverage to excel.
Other startups that don’t get accepted into the incubation program will also be able to access support in business model generation, customer acquisition and other business engineering skills – from Startup Nigeria representatives located in every state in the North Central and South Eastern zones of the country.