ARM Labs Lagos Techstars Accelerator

Join us virtually for ARM Labs Lagos Techstars Accelerator 2023 Demo Day.

Our program’s Managing Director, Oyin Solebo, will be in Tunis this week for the BIGTECH Africa Summit. If you are a founder building for the African continent, please sign up here to chat with her about what you are building: https://lnkd.in/gdK7xaSd

It was an honour to represent VeendHQ (Techstars '23) at the Africa Tech Summit . Thank you, Lauren Adair and Andrew Fassnidge for organising another successful event that brings the community together. Thank you, John Adelana, 'Dayo Oguntoyinbo, Oo Nwoye and other Amazon Web Services (AWS) team members for the insightful session on Generative AI. I am now a firm believer in Generative AI. Thank you to all the Investors who attended Veend’s session at the investment showcase. It was also lovely seeing everyone and catching up on life and work. #ATSLDN Oyin Solebo Isaac Umejiaku Abraham Mohammed Ayodeji Alaran Selma Ribica

Congratulations to our portfolio company, alphabloQ (Techstars '22) on becoming Kenya's first web3 investments platform to get into Kenya's Capital Market Authorities Sandbox! 🚀 🚀 🚀 Alphabloq is a game-changing platform that leverages the power of blockchain technology and asset tokenization to democratize access to investing in Real World Assets, starting with real estate. With Alphabloq, anyone can purchase tokenized shares with as little as $100 Congrats to the founders Trevor Kimani, John Mbui, and the rest of the team! 👏

Congratulations to our portfolio company, VeendHQ (Techstars '23) on being selected as one of Africa’s most promising startups by the The Africa Report. 🎉🎉 Veend helps borrowers with verifiable income access on-demand finance, and was founded by Olufemi Olanipekun (CEO) and Ebenezer Ajayi (CTO).

I'll be speaking at the AfricArena London Summit on May 21st for a conversation on The State of African Tech. Tickets here: https://lnkd.in/dtCR3JEi If you're an early-stage founder building for Africa, come and find me! Or tell me about your startup here: https://lnkd.in/dEEiGGKh ARM Labs Lagos Techstars Accelerator #africanstartups #africantech #africanfounders

Our partner, Asset & Resource Management Holding Company (ARM HoldCo). has launched applications for the 6th cohort of their innovation program. Are you a startup in the FinTech, Data Intelligence, Digital Trade, Creative Tech, or HealthTech sector? Apply now for ARM Labs Innovation Programme 6.0 and secure up to $50,000 in funding! Don't miss this opportunity to fuel your dreams and drive change. Apply today! Apply here: https://bit.ly/4digptu Applications close May 24th, 2024. Ina Alogwu, Modupe Durosinmi-Etti, @Damilare mesimo

"How do you effectively balance innovation and product stability?" Dika Oha, Chief Innovation Officer, OmniRetail Technology Limited, shares valuable insights on this crucial topic. #innovation #productstability #entrepreneurship #techstarslagos

Laughter, tears (of joy!), and maybe a few too many dance moves…relive the magic of our final family dinner at the ARM Labs Lagos Techstars Accelerator! We awarded some fun recognitions, shared stories, celebrated the journeys of our talented founders and bid farewell (for now!) to our incredible founders & their families. #Givefirst Tunde Ademuyiwa, Abraham Mohammed, Mubarak Popoola, Subuola Oyeleye, Olufemi Olanipekun, Ebenezer Ajayi, Kumar Shourav, Olufemi Idowu, Harold Kwame Awuah-Darko, Ibukun Tunde-Oni, Unoma Adeyemi, Mayowa Okegbenle, Opeyemi Shokunbi, Ayodeji Alaran, Jude Dike, Temitope Babatunde Ekundayo, Chigozirim Ugochukwu, Kwaku Tabiri, Gloria Pascucci, Oluwatoni Ajayi, Daniel Chenube, Ina Alogwu, Oluwadunni Fanibe, Kingsley Ehima, Oyin Solebo

“Doing nothing keeps Africa in darkness. “Rana” means sun in Hausa - our ecosystem creates a brighter future where energy is no longer a privilege but an essential service accessible to those who need it most.” - Abraham Mohammed, CEO of Rana Energy (Techstars ‘23). Africa’s energy crisis is not news. Almost half of Africa is without grid access. In Nigeria, 85% of businesses rely on economically unsustainable fuel backup generators. Poor energy access costs Africa’s economy $48bn annually in lost GDP. To make matters worse, the cost of backup power has surged 6x since the pandemic, meaning many African businesses pay up to double what the average US business pays. Across Africa, there are many incredible entrepreneurs tackling different parts of the problem, across manufacturing energy systems, energy system installation, and energy financing. But with Africa needing to double its energy capacity by 2030 to meet its SDG goals, and fivefold by 2050, Rana believes that a data-driven approach that integrates these multiple solutions is needed. Rana’s energy-as-a-service ecosystem bridges the energy finance gap for SMEs in critical sectors (hospitals, schools, agriculture). By collaborating with the likes of the National Defence College (Nigeria’s highest military institution) & AWS, they are able to digitally map out the energy needs of critical institutions, enabling financiers to identify bankable opportunities, and installers (including themselves) to fulfil that demand. Rana’s data-driven, collaborative approach to solving the energy crisis enables all key players (critical sectors SMEs, solar manufacturers, installers, and financiers) to thrive. Rana was co-founded by engineers Abraham Mohammed (CEO) and Mubarak Popoola (CTO), who’s combined experience spans energy, technology and manufacturing. Collectively they have deployed over 500MW of renewable energy, equivalent to 10% of Nigeria’s grid. In just 7 months since Rana’s launch, they have connected 1MW of energy needs equivalent to 100 critical institutions, built a 20MW database of energy needs including ARM's own farm! Rana has received strong institutional support with key partnerships and interests from The Infrastructure Bank, Nigerian Sovereign Investment Authority and ARM. Congrats to team Rana Energy, for recently graduating from the ARM Labs Lagos Techstars Accelerator! Techstars, Asset & Resource Management Holding Company (ARM HoldCo). 🚀 #africanstartups #cleanenergy #climatetech #bigdata