OxFounders Global combs Nigeria for disruptive startup ideas

…promises to link impactful African ideas to global opportunities

By Tobi Adetunji.

The duo of Lucas Jacobelli and Morgane Bascle of   OxFounders Global a nonprofit , is  at  the verge of  harnessing,  and connecting socio-economically impactful ideas to funding. This was noted in an exclusive interview with our correspondents on Saturday.

The founders, who were full of excitement about the vast opportunities available on the African continent, spoke in the early hours of Saturday in Lagos, promising to connect impactful African startup ideas to global opportunities.

“We are glad to be in Nigeria to launch our project in Africa. I am Morgane. We founded OxFounders Global a nonprofit  together, and it has been an insightful journey to be in Africa and start off in Nigeria.”

On Monday, OxFounders is looking forward to hosting Obi Asika, Director-General of the National Centre for Arts and Culture; Charles Emembolu, Chairman of the Board of ISN; Ireayo Oladunjoye, CEO of Endeavor Nigeria; Nkem Begho, CEO of Futuresoft; and many others. There will also be over 100 investors and entrepreneurs, as well as a virtual panel of early-stage investors connected live from the UK.

According to Lucas, “OxFounders started as a project in the student society at the University of Oxford in the United Kingdom, where we used it to create an entrepreneurship community for funders, investors, and alumni. The idea is still ongoing at Oxford University.

“After graduating from Oxford and becoming alumni ourselves, we decided to make the project bigger and turn it into a non-governmental organization. Now, OxFounders International aims to go across the world and connect exceptional early-stage founders with a network of opportunities and resources in Oxford and also in the United Kingdom.

According to the Oxford  alumni and historian scholar, “We have done events in six countries, and with the United Kingdom (UK), that makes it seven countries.

The countries are;  India, Brazil, Mexico, Turkey, Kazakhstan and Uzbekistan. We are so happy to be in Nigeria and launch our project in Africa, with follow-ups in Nairobi, Kenya, and Cape Town.

 We have had amazing conversations with funders and investors, and we can’t wait to get the event started,” he noted.

Speaking further and highlighting the rationale behind the organization’s voyage of discovery to Africa, Morgane Bascle, a co-founder of the organization, noted that there are many exceptional opportunities on the continent, with not less than 70% of the African population being under the age of 30.

This demographic is very dynamic and exhibits an entrepreneurial spirit, which is essential for growth and expansion.

“It’s been an incredible and exciting opportunity. I think Nigeria is the place to be, and starting off in Lagos was a natural choice given the population and the understanding of the fact that so much is happening. We are just happy to be part of it.”

While commenting on the gender ratio among the startups that will be pitching later on Monday, November 11, 2024, she observed that the startup innovators and founders tend to tilt toward the male gender.

However, she noted that Nigeria is a country that has shown greater gender balance among founders and investors, with many women being very active in the ecosystem.

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