NITDA, JICA Launch iHatch Cohort 4 to Boost Nigeria’s Startup Ecosystem
The National Information Technology Development Agency (NITDA), in collaboration with the Japan International Cooperation Agency (JICA), has announced the launch of iHatch Cohort 4, a groundbreaking initiative aimed at accelerating the growth of Nigeria’s startup ecosystem. Set to run from October 2024 to January 2025, the program will provide targeted support to 185 startups and 37 innovation hubs across Nigeria.
This initiative is part of NITDA’s Digital Economy Policy, which aligns with the Renewed Hope Agenda of President Bola Tinubu. It focuses on fostering economic diversification, creating jobs, and driving Nigeria’s digital economy by empowering startups with tailored mentorship, training, and investment readiness.
Building the Future of Entrepreneurship
The iHatch Cohort 4 program is uniquely designed to benefit both startups and innovation hubs. Startups will receive the tools and mentorship needed to refine business models, develop scalable products, and connect with potential investors.
Meanwhile, innovation hubs will enhance their capacity to serve as sustainable incubators for local entrepreneurs, ensuring long-term ecosystem growth.
“iHatch Cohort 4 will accelerate the growth of the startup ecosystem across Nigeria by equipping innovators with the knowledge, resources, and funding they need to turn their ideas into impactful businesses,” said Victoria Fabunmi, National Coordinator of the Office of Nigerian Digital Innovation.
“Through our partnership with JICA and local innovation hubs, we are building a more inclusive and vibrant digital economy in Nigeria.”
Programme Highlights
The program’s comprehensive features include:
Nationwide Reach: Support for startups across all 36 states and the Federal Capital Territory (FCT).
Sectoral Focus: Special attention to startups in fintech, agritech, healthtech, logistics, edtech, and civic tech, with tailored support for innovation and scalability.
Capacity Building for Hubs: Training for innovation hubs to enhance mentorship, facilities, networking, and funding access.
Demo Day and Investment Opportunities: A platform for startups to pitch their ideas to investors and stakeholders, aiming for funding and partnerships.
Targeted Outcomes
The program has ambitious goals, including:
- Incorporation of 90% of participating startups with the Corporate Affairs Commission (CAC).
- Development of a Minimum Viable Product (MVP) by 80% of startups.
- Securing investments for 30% of startups.
- Creation of 1,000 direct and indirect jobs.
- Sustainability for 70% of startups six months post-program.
A Transformational Initiative for Nigeria
iHatch Cohort 4 is a key step in actualizing Nigeria’s National Digital Economy Policy and Strategy (NDEPS).
By focusing on innovation-driven enterprises (IDEs), the program aims to address local challenges while boosting Nigeria’s global competitiveness in the digital sector. It also complements the Nigerian Startup Act by fostering a supportive environment for entrepreneurs.
Call to Action
Applications for startups and innovation hubs are now open! Innovators and ecosystem builders are encouraged to apply at programs.startup.gov.ng/ihatch and follow NITDANigeria and ONDINigeria on social media for updates.
About NITDA
The National Information Technology Development Agency (NITDA) is committed to driving Nigeria’s IT sector through policies, standards, and initiatives that foster a sustainable digital economy.
About JICA
The Japan International Cooperation Agency (JICA) supports global development through financial and technical assistance, with a mission to promote economic growth and sustainability worldwide.
For media inquiries, contact:
Mrs. Hadiza Umar, fnipr, f.apra
Director, Corporate Communications and Media Relations, NITDA.
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