Why Nigeria’s startup ecosystem needs more corporate buyers
- Industry leaders at the MTN Cloud Accelerator Demo Day called for a shift in how innovation is financed in Africa.
- Speakers emphasized the need for corporates to act as buyers and partners to help startups scale.
- Babalola Oyeleye from MTN Nigeria highlighted the importance of co-creation over transactional relationships.
The call for a collaborative innovation culture in Nigeria is crucial for the growth of the startup ecosystem. By breaking down silos and fostering partnerships, corporates can not only support startups but also enhance their own innovation capabilities. However, overcoming corporate risk aversion remains a significant challenge that needs to be addressed for this shift to take place effectively.
