iDEA Nigeria selects 4 startups to join 2nd cohort

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Government-funded Nigerian incubator iDEA has announced the four startups that will make up its second cohort, taking equity stakes in return for support and investment.

The four startups are mobile airtime recharge app Jara Mobile, custom packaging ordering platform Pali, social media analytics startup Playspread, and estate management tool Residents Administration Management Portal (RAMP).

The Information Technology Developers Entrepreneurship Accelerator (iDEA) was launched in April 2013 in order to assist Nigerian entrepreneurs and accelerate the development of the tech industry in Nigeria.

The demo day for the first programme was held in June, with the second batch now having begun the four-month accelerator programme.

iDEA is under new management this time around, however, with Disrupt Africa reporting in July Olufunbi Falayi, co-founder of the Lagos-based Passion Incubator, had moved to the government-funded accelerator, taking six startups with him.

Falayi helped to launch Passion Incubator last year, but has now moved across to iDEA Nigeria, where he will lead all its activities and interventions with early-stage startups, as well as engagement with the ecosystem.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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