*Says Nigeria leading hub for enterpreneurs in Africa with over $4bn
By; MATTHEW UKACHUNWA, Lagos
Olisa Agbakoba Legal (OAL) has announced its Startup Growth Capsule (Cohort II), an exciting legal and business accelerator initiative of its Sports, Entertainment and Technology (SET) practice group.
The law organization made the announcement in a news release made available by its Media Relations Officer, Niyi Odunmorayo, on Friday.
OAL disclosed that currently Nigeria has the fastest growth for startups and is a leading hub for everything in Africa with over four billion Dollars raised by founders till date.
“This capsule program was originally created in 2021 to bridge the gap in the Startup ecosystem for quality startup-friendly legal services.
“Nigeria currently has the fastest growth for startups and is a leading hub for entrepreneurs in Africa with over $4bn raised by founders till date, however, many of these startups do not have access to funding nor access to societies that foster the growth of startups.
“We observed that most startups are not legally sound and due to the lack of capital, they cannot afford premium legal advice. The SET Capsule was started to bridge this gap by providing free legal advice, business support, and regulatory & compliance advisory to Sports, Entertainment & Technology businesses in their idea stage,” Odunmorayo elaborated.
He said that Olisa Agbakoba Legal (OAL) understands the significant role that startups play in creating value, solving problems, and creating prosperity in Nigeria’s emerging economy and sees the need for innovative legal solutions “to meet the needs of today’s startups which will evolve into tomorrow’s unicorns.”
The media relations chief said that the SET Growth Capsule is passionate about supporting early-stage entrepreneurs’ businesses in Nigeria.
He pointed out that the startup programme is designed to provide business support, legal advice, and regulatory compliance to small businesses and entrepreneurs that meet the requirements of the growth capsule.
