5thweb Digital

Angel Investors: The Key Details and 5 Red Flags to Avoid

African man sitting with crossed leg

What do Steve Jobs, Matt Mullenweg, Microsoft founder Bill Gates and Mark Cuban have in common with you? Chances are, they all started their business with help from angel investors. Angel investing is an important part of the startup ecosystem. It allows entrepreneurs to take a step towards their dream of owning their own business … Read more

Meet the 10 African Startups Selected for YC W22

African American woman using her laptop while standing

Ten innovative African startups will participate in the Y Combinator (YC) Winter 2022 batch. The W22 batch comprises 170 companies from all over the world, with roughly 6% coming from Africa – 7 from Nigeria and one apiece from Ghana, Uganda, and Ethiopia respectively. Besides the $500,000 funding provided by YC, these startups will also … Read more

Y Combinator 2022: How to Apply and Succeed at YC

Y Combinator Motto: Make something people want

Have you ever wondered how it is that some startups with barely more than an idea achieve incredible success? Or how they were able to get venture funding, attract the best talents and survive the journey to success? The short answer—accelerator programs like Y Combinator—which helps startup founders turn dreams into reality. So far, YC … Read more

Top 9 Nigerian Startups to Look Out for in 2022

Man using desktop computer at the office

Introduction Nigeria is emerging as one of the most vibrant technological hubs in the world. Young, talented and experienced entrepreneurs and developers are turning innovative ideas into eye-catching global solutions. In 2021, Nigerian startups raised 60% ($1.7billion) of the total African tech funding ($2.9billion) according to Mary Beth Leonard, the U.S. Ambassador to Nigeria. What’s … Read more

HMOs: A Cost-Effective Solution for Small Businesses in Nigeria

Medical Doctor holding red stethoscope

For many small businesses in Nigeria, the question of how to provide health insurance for their employees is a major concern. With the cost of healthcare skyrocketing, many employers find themselves at a loss as to how they can afford such benefits without taking on significant risk and responsibility. Health Maintenance Organization (HMO) offers a … Read more

The Best Places to Launch a Startup in 2021: Guide to Tech Hubs in Lagos

Male and female tech enthusiast operating a desktop

What is a tech hub? Tech hubs, also known as innovation hubs or co-working spaces, are technology-based startup communities that are vital in the building of an ecosystem for entrepreneurs to thrive in. The main idea behind tech hubs is to create an inspiring, collaborative and productive environment which: stimulate the growth of healthy relationships … Read more

Increase in Active GSM Subscribers in Nigeria: Implication for SMEs

SMEs

Sometime in June 2020, the Nigerian Communications Commission, the regulator of the telecommunications industry in Nigeria requested for entries from tech hubs, startups and innovation digital SMEs with promising and adaptable digital solutions that will aid in containing the impacts of pandemic and epidemic-prone diseases in Nigeria. The top three startups with the most promising … Read more