Africa’s leading communication platform Ayoba, has announced a strategic partnership with pan African Web3.0 technology studio,Adanian Labs to launch an SME Accelerator programme aimed at empowering and accelerating the growth of small businesses in Nigeria.
The companies said the initiative comes at a crucial time, as Nigerian SMEs play a vital role in driving economic growth and job creation in the country.
The SME Accelerator aims to address the key challenges faced by small businesses, including limited access to capital, technology infrastructure, access to market and mentorship. The programme is also designed to foster innovation, improve competitiveness, drive growth and create sustainable employment opportunities.
The ayoba-Adanian Labs partnership brings together Ayoba’s comprehensive all-in-one app, which offers a messaging suite, hyperlocal content, gaming, music, and e-commerce, with Adanian Labs’ expertise in technology solutions and ecosystem development.
By leveraging these capabilities, the SME Accelerator programme will provide Nigerian SMEs with access to vital resources, including digitalization, mentorship, access to networks, technological support, and mobilization of partners for funding enabling them to overcome barriers and achieve sustainable growth.
By offering tailored mentorship, access to funding opportunities, and technological resources, the accelerator aims to equip Nigerian SMEs with the tools they need to thrive in the digital age.
Business A.M gathered that the programme officially launches on Monday 10th July 2023, and businesses will have two weeks to apply through the Adanian Labs website, after which the top 20 will be announced.
Commenting on the initiative, Shiela Yabo, Ayoba’s head of ecosystem development said, “The potential impact of empowering Nigerian SMEs is significant. By strengthening this sector, the country can experience accelerated economic growth, increased job opportunities, and enhanced competitiveness on the global stage. Furthermore, supporting small businesses fosters entrepreneurship, drives innovation, and contributes to wealth creation, ultimately improving the overall socio-economic landscape of Nigeria.”
Yabo added that the company is excited to partner with Adanian Labs in launching the SME Accelerator, describing the partnership as a pivotal initiative that aims to unlock the potential of Nigerian SMEs, driving economic prosperity and creating opportunities for sustainable development.”
Killian Mayua, country manager for Adanian Labs, Nigeria said “We are thrilled to collaborate with Ayoba in launching the SME Accelerator programme, which holds great promise for Nigerian small businesses. Adanian Labs is a firm believer that Africa will realize its full potential once its SME sector is transformed. We have dedicated our work to building solutions that powers and digitizes SMEs. Our joint efforts will support the growth of SMEs, boost economic resilience, and contribute to the overall development of this important sector.”
Mayua also stated that the partnership between Ayoba and Adanian Labs, through the launch of the SME Accelerator, represents a significant milestone in fostering innovation, driving entrepreneurship, and contributing towards economic empowerment positioning Nigeria as a hub for SME growth and development.
