General Electric’s Lagos Garage hosted participants in its training program to a cocktail event with investors.
The event which held at their offices at Mansard Place, Victoria Island, Lagos created an avenue for participants in the six-week-long program to meet investors from angel networks from Africa and beyond with a view to pitching their ideas and securing funding. The evening was kicked off by Rich Tanksley, Program Manager at GE Lagos Garage, who took time to welcome guests and outline the opportunities available for participating founders. He also introduced the brains behind the event, Maya Horgan-Famodu.
Speaking to Pulse, Horgan-Famodu, who is the founder and CEO of Ingressive, an investment group that connects African technology founders and startups with Silicon Valley investors, noted that African tech startups face the problems of funding and advisory which implies that the majority do not reach their potential.
She added that the idea behind the event was to enable young founders to meet with potential investors as well as representatives from technology companies who could give financial stimulus as well as much needed experience, advice and support. Also in attendance at the event were Collins Onuegbu from the Lagos Angel Network; Nigerian tech investor, Debola Williams; Cristina Fernandez from Github as well as investors from the African Business Angel Network, among others.
The participants at the Lagos Garage training program, which kicked off earlier in November, interacted with investors, pitching unique projects and designs which will be brought to life using 3D printing technology made available by General Electric. With the program, General Electric hopes to fill the manufacturing void in Nigeria with young startups by teaching and facilitating the application of core principles of design thinking, product development, finance, marketing, sales, and customer acquisition in real-time to their ventures as well as providing a strong mentorship network.