Sterling Bank, Founder Institute  Deepen Support For  Startups

Sterling Bank Plc  has partnered with Founder Institute (FI), to further connect early-stage startup resources for founders in Nigeria.

It said under the partnership, Sterling Bank will ensure that more organizations benefit from FI’s globally tested corporate innovation programme that will help them become more innovative and disruptive entities.

Besides, Sterling Bank and Founder Institute will provide resources for startups looking to launch or scale their business.

The partnership will also produce amazing benefits for companies in Nigeria that will leverage Sterling Bank’s advanced industry experience and Founder Institute’s global curriculum.

The Managing Director and Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman, said, “This partnership represents a continuing commitment to innovation as an accelerator of development and a creator of value,” adding that, “Along with our HEART strategy as a bank, our service delivery and our entire operational structure relies heavily on innovation and agile technology.”

Speaking on the partnership, FI’s Managing Director, Ifedy Eze, said;”We are excited to be partnering with one of the most technology-friendly banks in Nigeria to unlock more value for founders of tech startups solving problems across Nigeria.

He added:” Through this partnership, founders will receive support across critical areas like market access, tech infrastructure support, legal and regulatory compliance, and investor readiness, among others.The combination of Sterling Bank’s robust tech support architecture and FI’s globally syndicated and locally validated curriculum will add mileage to the founders’ journey, especially at the very critical early stages when most startups fail. Over the years, our alumni have demonstrated an 80 per cent success rate, a direct reflection of the quality and impact of the programme”.

Chukwuemeka Fred Agbata Jnr., Regional Director for Africa, Founder Institute, said,:”Our primary focus at FI Lagos is to add value to early-stage entrepreneurs by providing all the support and resources they need to develop and make their ideas a reality in the current ecosystem.”