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Startups 2.0: The Nigerian Story


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An Overview of the Nigerian Startup Ecosystem

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Startups 2.0: The Nigerian Story

  1. 1. Viable Online Startups: The Nigerian Story <br />Digital Sense Forum 2010<br />Lagos – Nigeria<br />April 16, 2010<br />by Loy Okezie<br />
  2. 2. Overview<br />The first dot-com registered company was Symbolics in 1985.<br />The dot-com boom started in the 90’s and Amazon was launched by Jeff Bezos in 1995.<br /> Nigerian-born ChineduEcheruo founded in 2005.<br />OnePage was launched by OsitaNwoyeand Joel Gascoigne in 2010.<br />
  3. 3. Futureview<br />What will be the next big thing on the web?<br />Will you be the next youngest internet entrepreneur?<br />When will you launch your own internet company? 2015? 2020? 2030?<br />
  4. 4. ViableOnline Startups<br />
  5. 5. Mammaput<br />A crowd-sourced directory of eateries in Nigeria that <br />supports location-based mobile applications.<br />
  6. 6. Alarena<br />A match-making site that lets you find a life partner or true <br />love and allows you to reach millions of potential marriage <br />partners.<br />
  7. 7. Sturvs<br />A social bookmarking site that allows you to share music, <br />videos, articles, read news and also promote events and <br />services. <br />
  8. 8. Kilonshele<br />An e-commerce site that provides ticket sales, marketing and <br />distribution services as well as connects the world to live <br />entertainment events in Nigeria. <br />
  9. 9. Naijapals<br />Arguably the largest social networking site with over 500, <br />000 members.<br />
  10. 10. Truspot<br />A social music platform designed to support Nigerian <br />artists, fans, local music and the entertainment world at <br />large.<br />
  11. 11. Taafoo<br />A free subscription service that lets you stay hooked-up <br />through your mobile phone with celebrities, personalities, <br />groups, interesting people and businesses.<br />
  12. 12. Txtoweb<br />A service that lets you send instant short messages in form of <br />classified ads via SMS from your mobile phone to the web. <br />
  13. 13. Tokunbo<br />An online marketplace that allows you to buy, bid or sell <br />anything.<br />
  14. 14. Wooppee<br />A powerful search engine focused on the Nigerian web market <br />with a lot of features and search relevance that may leave <br />Google feeling woozy.<br />
  15. 15. Startup Revolution?<br />
  16. 16. Challenges?<br />Technology Community?<br />Stiff Competition??<br />Poor Infrastructure???<br />Source of Power????<br /> Lack of Venture of Capital?????<br />
  17. 17. Web 2.0 Success Stories<br />
  18. 18. HopStop<br />HopStop (founded in 2005 by ChineduEcherou) provides subway and bus directions for New York City (NYC) and other cites around the world.<br />
  19. 19. OnePage<br />OnePagewas co-founded by OsitaNwoye in 2010 as a digital platform for creating, sharing and storing real-time business/contact cards.<br />
  20. 20. SocialCubix<br />SocialCubix is a Facebook and Social Media application development company launched by Udoka Mark Uzoka in October 2007.<br />
  21. 21. Opportunities?<br />Mobile Apps (Blackberry, Nokia, iPhone)<br />Location-Based Services (Foursquare, The Grid)<br />Social Search Engine (Aardvark)<br />Crowdsourced Business Directory (Yelp)<br />Mobile Payment (Mpesa)<br />
  22. 22. Venture Capital?<br />
  23. 23. Key VC Players<br />
  24. 24. Incubators?<br />
  25. 25. The Way Forward?<br />Provide early stage investments as a community of smaller investors.<br />Build technology incubators across several states.<br />Integrate latest web-related courses and degree programmes in the University’s curricula.<br />Set-up a Start-up University for techno-entrepreneurs<br />Reverse the brain-drain. Join the Renaissance for technology innovations.<br />
  26. 26. Startups Nigeria <br />Startups Nigeria is a youth-driven, online community for technology enthusiasts, internet start-ups, companies, entrepreneurs, investors and students, all pioneering innovations in Nigeria’s emerging start-up industry and Internet economy.<br /> <br />
  27. 27. Mission<br />To e-ducate, e-mpower and e-ngage with the largestcommunity of people interested in business start-ups, entrepreneurship and innovations.<br />
  28. 28. Vision<br />To build Nigeria’s emerging dot-com startup industry and contribute towards a knowledge-based and Internet economy in Nigeria by the year 2020 and beyond.<br />
  29. 29. Would you like to get in touch?<br /> <br />
  30. 30. Thank you!<br />