Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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$50,000
ARM Labs Lagos runs the ARM Labs Innovation Programme for pre-seed, post-MVP Nigerian startups that have raised less than $500,000 before applying. It targets legally registered for-profit companies in FinTech, Digital Trade, Data Intelligence, and PensionTech that can show market demand, user traction, customer feedback, and early revenue. Startups that complete the program and meet requirements can receive up to $50,000 from ARM in exchange for 6% equity, alongside mentorship, investor readiness support, market access, office space, and access to ARM’s network. The 2024 process shortlisted applicants through multiple stages and selected 5 startups for admission.
Strategic Investment
Startups that complete ALIP and meet all program requirements can receive up to $50,000 investment from ARM in exchange for 6% equity.
Mentorship
Engage with experienced mentors and industry experts throughout the program.
Tailored Curriculum
ALIP’s curriculum covers critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).
Market Access and Networking
Connect with industry players, potential partners, and investors.
Investor Readiness
The program focuses on preparing startups for further funding rounds.
Visibility and Branding
ALIP provides a platform to showcase startups to a wider audience.
Access to ARM Network
Participants get access to the ARM network, exclusive deals from partner organisations, and expert mentors from the fintech industry.
Distribution and Investor Access
Selected startups will be provided with financial investment, distribution, and access to investors.
Office Space and Advisory Support
During the program, each startup will have access to a dedicated office space and one-on-one sessions with mentors, founders, alumni, and angel investors.
Integration Opportunities
Where ARM sees synergy, ARM leverages the startup’s products, which can help boost revenue through ARM’s client base and brand.
FinTech
A primary focus area for the program and a historical emphasis of ALIP.
Digital Trade
One of the stated operating spaces targeted by the program.
Data Intelligence
One of the stated operating spaces targeted by the program.
PensionTech
One of the stated operating spaces targeted by the program.
Diaspora solutions
Particular interest in ventures within diaspora sub-sectors, especially solutions helping the African diaspora access local services for themselves and their families.
One-stop-shop consumer solutions
The program is interested in startups offering consumers one-stop-shop solutions.
Enterprise Software
Beyond FinTech, the program is looking for enterprise software solutions that solve complex and costly problems.
Asset & Resource Management (ARM) Group corporate innovation lab. Nigeria's largest asset manager ($3B+ AUM) backs fintech startups through acceleration + equity investment. Focus on financial services innovation.
ARM ecosystem access, financial services expertise, mentorship, office space
Small tickets. Fintech-only. Nigerian focus.
Applicants should show clear product validation: active customers, growth, customer feedback, and initial revenue matter alongside an innovative value proposition. The process is competitive and screen-based, so make sure the application clearly explains traction, market demand, and why the founding team is full-time and able to complete the program. If relevant, highlight fit with ARM’s stated interest areas such as diaspora solutions, one-stop-shop consumer products, or enterprise software.
2019
Active Since
Yes
Deploying
Nigerian fintech startups