The National Information Technology Development Agency (NITDA), in collaboration with the Japan International Cooperation Agency (JICA), has officially opened applications for the fourth cohort of the Idea Hatch (iHatch) programme. This initiative is designed to accelerate the growth of Nigeria’s startup ecosystem, providing 185 startups and 37 innovation hubs with the resources needed to scale their businesses and succeed in local and global markets.
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About iHatch Cohort 4
The iHatch Cohort 4 programme, themed “Fostering Innovation, Building Ecosystems, Scaling Startups,” is part of NITDA’s Digital Economy Policy. It aims to promote entrepreneurship, drive economic diversification, and boost Nigeria’s digital economy. Officially launched in October 2024, the programme will run until January 2025.
This initiative supports startups and innovation hubs with tailored mentorship, training, and investment opportunities. With a focus on sustainability, the programme will equip participants with the tools and knowledge necessary to thrive in today’s competitive markets.
Key Benefits of iHatch Cohort 4
Participants in the iHatch Cohort 4 programme will enjoy:
- Tailored Mentorship and Training: Startups and hubs will receive personalized guidance from industry experts.
- Market-Ready Products: By the end of the programme, 80% of startups are expected to develop a Minimum Viable Product (MVP).
- Incorporation Support: 90% of participating startups will be incorporated with the Corporate Affairs Commission (CAC).
- Funding and Investment Opportunities: 30% of startups are projected to secure funding through grants, partnerships, or investments facilitated by the programme.
- Job Creation: The initiative is expected to generate 1,000 direct and indirect jobs across Nigeria.
- Long-Term Sustainability: 70% of startups will remain operational six months post-programme.
Who Can Apply?
The iHatch Cohort 4 programme is open to startups and innovation hubs across Nigeria. Startups operating in high-impact sectors such as fintech, agritech, healthtech, logistics, edtech, and civic tech are strongly encouraged to apply.
Innovation hubs will also receive specialized training to enhance their capacity to mentor and support startups, including access to funding, facilities, and networking opportunities.
Why Apply for iHatch Cohort 4?
This programme aligns with Nigeria’s National Digital Economy Policy and Strategy (NDEPS) and the Nigerian Startup Act, fostering a thriving entrepreneurial ecosystem. With its dual focus on startups and hubs, the initiative aims to:
- Catalyze economic diversification.
- Foster technology-driven solutions to local challenges.
- Position Nigeria as a leader in Africa’s digital transformation.
Application Details
Interested startups and innovation hubs can apply through the official iHatch website: programs.startup.gov.ng/ihatch.
Follow NITDA on social media for updates:
- Twitter: @NITDANigeria
- Facebook: NITDANigeria
Applications are open to participants from all 36 states and the Federal Capital Territory (FCT). Ensure you submit your application before the deadline.
Conclusion
The iHatch Cohort 4 programme offers a golden opportunity for startups and innovation hubs to scale their operations, access funding, and gain invaluable mentorship. With NITDA and JICA’s support, participants will contribute to Nigeria’s growing digital economy and address local challenges through innovative solutions.
Don’t miss this chance to transform your ideas into impactful businesses. Apply Now!
Source: Daily Nigerian
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