Nigeria: SPARK Launches U.S.$1 Million Fund for Nigerian Tech Companies

Lagos — 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.

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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