Cascador, a program committed to scaling mid-stage entrepreneurs across Africa, has strengthened its support for Nigerian business owners through financial assistance, leadership training, and networking opportunities. During a recent alumni gathering in Ikeja, Lagos, the organization underscored its dedication to fostering impact-driven entrepreneurship throughout the continent.
Founder Dave DeLucia reiterated Cascador’s mission of equipping entrepreneurs tackling societal challenges with the necessary skills and networks to expand their ventures. “Rather than simply providing grants or working through NGOs, we empower entrepreneurs to develop solutions and generate employment,” he explained.
Cascador’s Director, Trish Thomas, announced that the 2024 curriculum has been enhanced with hands-on projects, including a three-week customer research initiative designed to help participants apply their knowledge in practical business settings. “Our curriculum is structured to encourage deeper learning and build stronger connections among participants,” she emphasized.
Acknowledging the economic difficulties in Nigeria, Cascador awarded personal development stipends of $5,000 to each member of the 2024 cohort, recognizing the impact of inflation, stringent lending policies, and restricted capital access on entrepreneurs.
The program concluded with a pitch competition, where top participants collectively received $50,000 in prize money:
– $20,000 Impact Award – Chioma Ifeanyi-Eze (Accounting Hub) for her Data Entry Academy, which enhances digital literacy.
– $20,000 Pitch Competition Winner – Godwin Benson (Tuteria) for his tutoring platform that links students, including those with special learning needs, to experienced tutors.
– $10,000 Exemplary Cascador Award – Oluwaseyi Adefemi (Drive45 Mobility) for his leadership and groundbreaking subscription-based vehicle ownership model.
Programme Director Amanda Etuk announced plans to extend alumni support by introducing annual loans, investment opportunities, and continuous mentorship. “With additional funding, we will offer capital and ongoing education to help founders expand their businesses,” she stated.
As Cascador prepares to enhance its 2025 program, DeLucia reaffirmed the organization’s unwavering commitment to cultivating a robust entrepreneurial ecosystem in Nigeria. “By sharing expertise, fostering connections, and providing capital, we aim to contribute to a thriving economy and a culture of giving back,” he concluded.