Announcing Ikenga Foundry's $5M Innovation Fund for Nigerian Startups
Today, we're proud to announce the launch of our $5M Innovation Fund, dedicated to backing ambitious Nigerian founders building world-class products. This marks a significant milestone in our mission to forge Nigeria's innovation infrastructure.
Chukwuemeka Okafor
Contributor
A New Chapter for Nigerian Innovation
Today marks a pivotal moment for Ikenga Foundry and the Nigerian tech ecosystem. We're thrilled to announce the launch of our $5M Innovation Fund, dedicated exclusively to backing ambitious Nigerian founders building products that can compete on the global stage.
Why This Fund Matters
Nigeria has no shortage of talent. What we lack is infrastructure, the systematic support that transforms raw potential into market-ready products. This fund is designed to bridge that gap.
What We're Looking For
We're sector-agnostic but have particular interest in:
- Deep Tech - AI/ML, blockchain, robotics
- Fintech - Especially infrastructure plays
- Agritech - Solutions for the agricultural value chain
- Healthtech - Accessible healthcare technology
- Enterprise Software - B2B solutions for African businesses
Investment Terms
- Check sizes: $50K - $500K
- Stage: Pre-seed to Seed
- Timeline: We move fast—expect term sheets within 2 weeks
The Forge Advantage
This isn't just capital. Every funded founder gains access to:
- The Forge - Our state-of-the-art innovation lab
- Mentorship - From operators who've built and scaled
- Network - Connections to investors, customers, and partners
- Support - Legal, financial, and operational resources
How to Apply
Applications are now open. Visit our contact page to submit your application. We review applications on a rolling basis, so don't wait.
"The best time to build was yesterday. The second best time is now. We're here to make sure Nigerian founders have every advantage they need to succeed." — Chukwuemeka Okafor
Made in Nigeria
This fund embodies our core belief: Nigeria's greatest export shouldn't be talent—it should be world-class products and companies. We're committed to proving that you can build globally competitive ventures right here in Lagos.
The forge is hot. Let's build something extraordinary.
For press inquiries, contact **press@ikengafoundry.com