OAL is pleased to announce its Startup Growth Capsule, an exciting legal and business accelerator initiative of its Sports, Entertainment and Technology (SET) practice group. The program which began in March 2021 followed a competitive selection process and has seen six startups accepted into the maiden cohort of the OAL Startup Growth Capsule, 2021.
These early stage startups will participate in tailored business and legal engagement sessions with industry experts to improve their knowledge of the Nigerian business and regulatory landscape, one-on-one mentoring sessions with leading founders and professionals and get access to 24/7 quality legal support and technical documents amongst other perks.
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 startup which will evolve into tomorrow’s unicorns. According to Beverley Agbako-Onyejianya, Head, S.E.T Practice, “we have recently witnessed a flurry of excitement and activity in the startup space in Nigeria which is encouraging. However, the reality remains that there is still a major knowledge gap of the legal and regulatory landscape as well as lack of understanding of how to set up and run sustainable business structures”.
The formal legal and business accelerator program will be held over the course of 3 months beginning from May 3rd to July 23rd, 2021.
Post the program, OAL will continue regulatory advisory, legal and business support to the startups over a period of 24 months.
The selected startups in the growth capsule cut across fintech, healthtech, media/entertainment, renewable energy and mobility/logistics sectors.