Institute for Venture Design

Speaking of high-tech things, I had the pleasure of visiting the Institute for Venture Design up in Abeokuta last month thanks to my uncle Gboyega.

The Institute provides an enabling environment for entrepreneurs to originate and actualise start-up technical ventures. From concept to conception the institute supports "fellows" through an intensive 2 year program at the end of which a sustainable team with a marketable product and fully operational business, are expected.

The idea is based on the concept of venture capitalism. A major force behind the development and advancement of technologies in America. Venture capitalists in America played a major role in the future of well known companies like Apple and Atari. Indeed, it is thanks to them that Silicon Valley became what it is today.

The new institute hopes to achieve much the same thing by supporting and nurturing start up ventures in Nigeria using knowledge gained from past successes as well as new findings in modern research.