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Leading national commercial bank, Sterling Bank has announced its collaboration with Founder Institute(FI), the world’s largest pre-seed startup accelerator, to provide early-stage startup resources for founders in Nigeria. Under the partnership, Sterling Bank will ensure that more organizations benefit from Founder Institute’s globally tested corporate innovation programme that will help them become more innovative and disruptive entities.
Speaking on the partnership, Managing Director of Founders Institute, Ifedy Eze, said: “We are excited to be partnering with one of the most technology-friendly banks in Nigeria to unlock more value for founders of tech startups solving problems across Nigeria. The combination of Sterling’s Bank’s robust tech support architecture and FI’s globally syndicated and locally validated curriculum will add mileage to the founders’ journey, especially at the very critical early stages when most startups fail. Over the years, our alumni have demonstrated an 80 percent success rate, a direct reflection of the quality and impact of the programme.” He also mentioned that through this partnership, founders will receive support across critical areas like market access, tech infrastructure support, legal and regulatory compliance, and investor readiness among others.

“This partnership represents a continuing commitment to innovation as an accelerator of development and a creator of value. Along with our HEART strategy as a bank, our service delivery and our entire operational structure rely heavily on innovation and agile technology,” said Abubakar Suleiman, Managing Director, and CEO of Sterling Bank.
The Founder Institute’s curriculum is a rigorous 14-week blended programme that guides founders as they build their solutions; matches founders with accomplished mentors who provide practical and real-time guidance; and helps founders grow their network and reach within the local and global tech ecosystems. Some of the graduate companies that have gone through the Founder Institute program are Sabiteach, Betastore, Zowasel, 9ijakids, Akowe, Rentit, Thinkbikes, among others.
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