StartUpPlus is Africa’s fastest growing startup development firm on a mission to build salient ecosystem that empowers startups to grow sustainably to build Africa’s economy. We power startups that in turn build the economies of African nations. We deploy creatively diverse and practical interventions to help startups engender enduring notable results in spite of the highly challenging operating environment. As a one-stop shop for all that startups require for launch, growth and spread, our solutions are tailored—strictly startups.
StartUpPlus takes her origin from a business skill empowerment initiative conceived and implemented as Enterprise Development Summit, a 3-day event in April 2013 where eight startups participated. Following the need for follow-up support, it became necessary to expand the scope of the initiative to include research into the critical challenges startups are faced with, and proffering of viable solutions.
On 31st of August 2014, StartUpPlus was conceived; the interventions were organized and the flagship intervention deployed—Startup Consulting. StartUpPlus comes in direct response to the untimely death of startups in developing countries owing primarily to a plethora of lethal challenges including harsh operating environments, abysmal knowledge gaps, incompetency in organizational development, poor funding structures, absence of enabling economic policies, and unavailable startup-tailored interventions in consulting, training and coaching. The Founding Executive Director, Adeleke David, stumbled on the staggering figures that there were 32 million SMEs in Nigeria in 2015. His question was: Where are they? Taking a critical look into figures, it was reported that 40% of them will be out of business by the end of 2016. By 2020, after 5 years, 80% of them will have failed—that is a staggering 25.6 million! The rest of the bad news is that by 2025, more than 80% of the remaining 6.4 million startups that survived the first five years will fall in the second five years—that is ≥5.12 million startups dipped into the grave! That leaves less than 1.28 million of the 32 million after 10 years—a meager 4% survival rate.
The first step taken was to develop specialized consulting interventions for startups combining critical features with affordability. StartUpPlus took a step further when partnerships were enacted with National Bureau of Statistics, Nigeria (NBS), Protea Hotels and TVC News Africa. We proceeded to flag-off a feature radio series, “PreStartup: What to do before you start business” on Effectiveness on Radio Show and generated remarkable response from listeners. Next, the inaugural StartUp Conference was held on November 28th 2014 in Surulere, Lagos, supported by Global Impact, Praiseworld Radio, and Federal Inland Revenue Service (FIRS) among others. StartUp Conference is arguably one of Nigeria’s most anticipated annual startup events. Annually, the event hosts about 120 startups in practical sessions tailored to address imminent challenges facing startups in the region. Startup Conference Lagos 2016, #SUCLAGOS2016, received registrations from startups across Nigeria, with an estimated 150 in physical attendance while over 400,000 connected via live streaming platforms.
In proactive response to internal projections on the global economy, StartUpPlus initiated the #StrictlyStartups project; a campaign with an objective to support the birth of 100,000 startups in 2016. The project evolved into the creation of www.startupry.com – an intel centre for startups to find valuable news and information for making better decisions and leveraging on opportunities. Within the first month after its launch, startupry.com attracted visitors from more than 20 countries across the world. The overwhelming comments of some visitors attest to the validity of the intel centre’s effectiveness and relevance to startup development. StartUpPlus has also launched a viral workshop series, Fundable Startups Masterclass to accelerate startup ideas by positioning them to be investment ready.
StartUpPlus Global Vision:
StartUpPlus will empower the launch, growth, and spread of startups around the world with salient ecosystems.
With dedication to our conviction, we will power startups to gain control over the odds for growth as we work to create jobs and build the global economy.
We build salient ecosystems that empower startups to grow sustainably, to build Africa’s economy.