ARM launches lab for startups

The Cohort of ARM Labs Innovation ProgramNigeria’s thriving startup ecosystem has announced the launch of the ARM Labs Innovation Program 5.0, an intensive pre-accelerator program that aims to support the country’s most promising startups and entrepreneurs.

According to a statement by the company, the previous four editions, a host of notable Nigerian startups have received support from ARM Labs, including Trove, Rise, Keble, Trade Lenda, Regxta, and many more.

“We are excited to witness the impact that the 5th Cohort of the ARM Labs Innovation Program will have on Nigeria’s startup ecosystem,” the CEO of ARM Jumoke Ogundare said.

She further said that by supporting promising startups, “we are simultaneously supporting innovation whilst investing in the future of Nigeria.”

According to the statement, the program represents a unique opportunity for Nigeria’s brightest and most innovative minds to showcase their potential and significantly impact the economy.

The company said, the application window is now open and interested applicants can apply and learn more about the program by visiting www.arm.com.ng/armlabs before applications close on June 15th, 2023.

The ARM Labs Innovation Programme 5.0 is an updated version that now includes support for FinTech, PenTech, Data Intelligence, and Digital Trade startups.

If selected, these startups can receive funding of up to $50,000, access to modern office space, guidance from experienced industry mentors, and connections to investor networks.

It stated that the ARM Labs, through this innovative program, has invested over $400,000 in startups and mentored over 150 founders through the ecosystem. As a result of this support, some of these startups have secured coveted spots in prestigious accelerators such as Y Combinator and TechStars.