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Nigerian Startup And SME Act - Programming - Nairaland

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What Is A Startup, And What Does It Mean For You? / Application Of Sim Hosting | Sme Data | Vtu | Bulksms | Otp | Vote | Chat / Want To Automate Your Sme Data Sharing Contact Me (2) (3) (4)

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Nigerian Startup And SME Act by Alphabyte1: 4:33pm On Jan 26, 2023
President Muhammadu Buhari signed the Nigeria Startup Bill into law much to the delight of industry stakeholders. The new act, which seeks to provide an enabling environment for technology-enabled businesses in Nigeria, has been described as a game-changer for the burgeoning startup ecosystem in the country there should be a reform to enact the bill in 2023. Nigeria do not need the government as the ony investor but national and international investors

The Nigeria Startup Bill, now an act, positions the startup ecosystem to thrive through its targeted provisions. These policies, collaborative in their making, will now guide the operations of startups in Nigeria. The president’s assent makes it one of the most historic pieces of legislation in Nigeria.”


Angel investors are highly beneficial for biotech startups who need access to early-stage funding.A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies.

An initial public offering IPO or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors. Initial coin offerings (ICOs) are a popular way to raise funds for products and services usually related to cryptocurrency. The Securities and Exchange Commission (SEC) has approved the regulations for listing Tech Startups on the Nigerian Exchange Technology Board. NGX Group listing for startup will speed up innovation.Under the section “eligibility criteria for listing Startups” issuers seeking a listing on the Start-Up technology board will need to first register with the SEC. Issuers are also expected to have technical partners or core investors, as well as a track record of at least 12 months of operations. The provisions also state that issuers must have an estimated minimum market capitalization of not less than N420 million but not above N42 billion.


Pre-seed funding is often the earliest stage of funding, coming before seed funding and other stages. During this stage, investors provide startups with capital to begin developing products in exchange for equity Series A, Series B, Series C funding
This stage may come after even earlier funding stages, such as bootstrapping with a business owner’s personal funds or initial angel investment . crowdfunding website like the following startup can generate fund.
GoFundMe
Kickstarter
SeedInvest
StartEngine
Seedrs
MicroVentures

Startup making above $100k can be auction in microacquire , the founder might millions of dollars when the startup is bought.


List of website of Europe or American investors


1. AngelList · 2. Angel Investment Network · 3. ACA · 4. Angel Forum · 5. Gust 6. FundingPost 7.ENVESTORS

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