Oracle has announced that the Lagos State Employment Trust Fund (LSETF) has partnered with Oracle for Startups to support the technology business ecosystem in Lagos State, Nigeria. The partnership will create entrepreneurship solutions, training, and upskilling opportunities for start-ups and innovation-driven enterprises in one of West Africa’s fastest-growing business communities.
The LSETF was created in 2016 to promote entrepreneurship in Lagos by improving access to finance, strengthening the institutional capacity of local SMEs and promoting policies and standards to improve the state’s business environment.
The collaboration with Oracle, which will run under the LSETF’s Lagos Innovates program, will focus on developing Cloud and emerging technology initiatives as well as facilitating professional training to attract and develop local talent, in support of the Lagos State Government’s wider goal of tackling unemployment in the region through wealth and job creation.
The start-ups selected for the program will have access to Oracle’s network of experienced mentors and senior experts from all over the world, including participation in workshops and webinars led by Oracle leaders and solution architects.
“It is great to see Oracle pitching their tent with us and investing their expertise into this buzzing market. We are aware that many tech practitioners occasionally migrate at huge expense just to get these skills or access to these awesome resources”, said Teju Abisoye, the Executive Secretary, LSETF.
“Through this partnership, not only will start-ups get these amazing resources at a discounted fee, they will also have the opportunity to level up their engagement and access Oracle’s public relations, marketing, customer, and product ecosystems to further enhance their business”, added Abisoye.
“The potential of innovation coming out of Lagos State, as well as West Africa, is tremendous,” said Jason Williamson, Vice President, Oracle for Startups. “We are excited about our partnership with the LSETF, and we look forward to supporting the state’s vibrant startup ecosystem with the technology, people, and resources necessary to drive innovation.”