Nigeria Startup Registration: List of Programmes & Requirements

Nigeria Startup Registration: List of Available Programmes and Requirements for Registration Unveiled.

“The Nigeria Startup covers four different available programmes that can be registered for by interested Nigerians and investors who want to invest in Nigeria.”

1. Nigeria Startup Registration:

Embarking on the journey of innovation through a startup? Here are the criteria to guide you through the enrollment process:

1. Legal Status:
   • Be a limited liability company registered under the Companies and Allied Matters Act (CAMA).
2. Operational Duration:
   • Exist for less than 10 years from the date of incorporation.
3. Innovation Focus:
   • Have objectives concentrated on innovation, development, production, improvement, and commercialization of a digital technology innovative product or process.
4. Digital Ownership:
   • Be a holder or repository of a product or process of digital technology or the owner/author of a registered software.
5. Local Shareholding:
   • Have at least one-third of local shareholding held by one or more Nigerians as founder or co-founder.
6. Compliance:
   • Satisfy the conditions set out in the Act, in the case of a sole proprietorship or partnership.
7. Tech-Enabled Business:
   • Be a tech-enabled business that uses existing tools, platforms, libraries, and frameworks to enhance efficiency or effectiveness

2. Venture Capitalist Registration:

Venture Capitalists play a pivotal role in empowering Nigerian startups. Here’s what you need to enroll:

1. Investment Provider:
   • Be a partnership or company providing capital to a startup with high growth potential in exchange for equity.
2. Nigerian Startup Investment:

Have at least one fund with investments in a Nigerian startup.

3. Accelerators, Innovation Hubs & Incubators Registration:

Ready to embark on a journey of innovation and entrepreneurship? Consider these criteria for enrollment:

Incubator:

• Be a company, partnership, non-governmental organisation, or limited liability partnership supporting the establishment and development of a tech startup. This includes the promotion of innovation through dedicated physical spaces and services.

Accelerator:

• Demonstrate experience in developing and implementing a fixed-term, cohort-based program. This program provides startups with mentorship and educational assistance to aid their growth.

Innovation Hub:

• Provide or demonstrate possession of physical or virtual space where innovators, entrepreneurs, and technology enthusiasts collaborate, exchange ideas, and work on innovative projects.

4. Angel Investor Registration:

Angel Investors play a crucial role in empowering Nigerian startups at the early stage. Here are the criteria for enrollment:

• Funding Provider:

Be a high net worth individual or company providing funding to an early-stage startup, typically in exchange for equity.

• Proof of Investments:

Provide proof of investments, and membership of an Angel Network or Investment Syndicate is desirable.

Nigeria Startup Registration Portal 

The registration for the Nigeria Startup can be done at the Nigeria Startup Registration portal at  https://startup.gov.ng/#users-section.

See Nigeria Startup Portal: How to Apply for Nigeria Startup

Navigating the Nigeria Startup Registration  and venture ecosystem is a collaborative effort, and meeting these criteria ensures that each player contributes to the growth and innovation within the Nigerian entrepreneurial landscape.