Oxford Foundry, FMDQ Private Markets partner to accelerate the growth of Nigeria’s startup ecosystem

NIGERIAOxford Foundry and FMDQ Private Markets, a subsidiary of FMDQ Holdings Nigeria, Africa’s first vertically integrated financial market infrastructure group, have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem and nurture a future generation of young Nigerian leaders in entrepreneurship, through knowledge exchange and collaboration.

The partnership will support Nigeria’s future business leaders and high growth startups to access the networks and skills they need to grow and sustain their businesses, create jobs and inclusive socioeconomic growth, and facilitate the growth of Nigeria’s venture ecosystem.

Critically, the partnership supports collaboration and knowledge exchange between the UK and Nigerian angel investment communities, as Nigeria’s community matures. Ventures will be supported to develop market solutions in high-potential sectors such as technology, agriculture, green industries, and healthcare.

“I am sincerely pleased to launch our first global partnership with FMDQ in Nigeria. Nigeria has one of the largest numbers of tech startups in Africa, and Africa is a continent of immense entrepreneurial talent and high-growth venture potential,” Ana Bakshi, the Director of Oxford Foundry said.

“There is huge opportunity to invest in the future generation of global entrepreneurs and leaders who will come from across the continent, and this first partnership is an important step to build new relationships and learn from other entrepreneurial ecosystems.

“Now more than ever, it’s vital that we share our resources, access to networks and opportunities, and work together across geographical boundaries to benefit society, create jobs and boost economies. We want to open the Oxford Foundry up to the world, and together, support the next generation of entrepreneurs and leaders to create the purpose-led impact and positive change we all need to see.”

“Africa is a continent of immense entrepreneurial talent and high-growth venture potential.”

Ana Bakshi – Director, Oxford Foundry

Through this partnership, a bespoke Programme, starting in late 2021, leveraging the University of Oxford’s global, ultidisciplinary networks and Nigeria’s entrepreneurship ecosystem, to support Nigeria’s future business leaders and high growth startups to access the networks, skills and investment pathways they need to grow their businesses, has been co-created.

“FMDQ is delighted to be the first global partner of the Oxford Foundry, particularly on this laudable initiative, which emphasises the provision of critical support for high-growth startup businesses,” Bola Onadele Koko, the CEO of FMDQ Group said.

“FMDQ Group, through its wholly owned subsidiary, FMDQ Private Markets, is excited to work with a credible partner to deliver the key programmes under the partnership to develop and transform Nigeria’s young entrepreneurs, further entrenching the ethos of the Group’s mission – we collaborate to empower markets for economic progress towards delivering prosperity.

Furthermore, this Programme is in close alignment with FMDQ Private Market’s flagship initiative – SCALE (Startup Capital Access & Liquidity Ecosystem) – aimed at supporting the growth of high potential Nigerian-based startup companies, creating a pipeline of sustainable businesses in Nigeria.”

The Oxford Foundry Entrepreneurship Centre at the University of Oxford was opened by the CEO of Apple, Tim Cook, in 2017, to provide all students and alumni of the University of Oxford, as well as wider communities, the entrepreneurial and technology experiential skills and training they need to succeed in their chosen careers, and to build and lead purposeful, sustainable ventures that benefit people and the planet.

Through local, national, and international partnerships, the Foundry is democratising entrepreneurship and opening up Oxford University’s talent, resources and networks to the world.

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