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Founder Institute Launches Newest Chapter in Lagos

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The Founder Institute, world’s premier idea-stage accelerator and startup launch program has officially launched its newest chapter in Lagos.

Speaking at the launch, Wande Adalemo CEO, Wave3 Wireless / Director, Founder Institute said, that the primary goal of launching Founder institute in Nigeria is to provide a safe place for startups to materialize and hone their entrepreneurial skills.

According to him, “Founder Institute is geared towards providing a safe place for startups to materialize and hone their entrepreneurial skills in order to reverse business failures in their nascent stage”.

In his words, “About 90% of startups fail within the first two years of their starting, it doesn’t matter how much you raised or not and that’s a huge problem.

“The solution to this problem is finding the right kind of jobs that will employ the right kind of people, the solution is finding companies that can scale and survive within the harsh environment that we operate in here.

“So Founder Institute is that institute that’s set to change all of these problems.

“We are the world’s premier startup accelerator that helps startups scale the first few years of their starting.

“We also help entrepreneurs build an enduring company with a support network that is, investing in the success of these entrepreneurs through a structured business building process that ensures that they no longer fail.

Earlier, while giving an insight on how the institute program works, Chukwuemeka Fred Agbata Jnr. “CFA”, Co-founder, GoDo.ng / Director, Founder Institute said that they plan to run two semesters annually.

He also revealed that their aim is to launch over 20 meaningful and enduring technology companies per year in Lagos.

In order to celebrate the launch, the Lagos Founder Institute will host a series of free startup events for the general public, where attendees can learn how to build a company and learn more about the program. See the full list of events at http://fi.co/events/lagos.

For aspiring and early-stage entrepreneurs up to the challenge, the Founder Institute’s comprehensive step-by-step program provides the structure, mentor support, and global network of entrepreneurs needed to start an enduring company.

The Founder Institute is the only program of its kind that focuses on people versus ideas, accepts founders with day jobs, and shares equity with all participants.

Founder Institute Graduate companies include fast-rising startups across 6 continents like Udemy, Realty Mogul, Travelcar, goplaceit, Appota, and many more.

In addition, the Lagos 2019 program will include the Founder Institute’s newest company-building curriculum suitable to address the needs of advanced founders (MVP stage) as well as aspiring new entrepreneurs at the idea-stage – a project just released this year in collaboration with hundreds of startup leaders across the globe.

The Lagos Chapter will once again be led by local startup leaders Chukwuemeka Fred Agbata Jnr. “CFA”, Co-founder, GoDo.ng & Presenter, Tech Trends on Channels TV; Oluwarotimi Fasuyi, CEO, VasDigiMobility; Wande Adalemo CEO, Wave3 Wireless and Ifedy Eze, Co-founder, Maisematrix Consulting.

If you are a corporate executive who has always desired to start your own enterprise, then FI is for you.

If you are already a founder but would like to re-validate certain aspect of your offerings or be part of a global network of start-ups, then you might want to jump-in early.

Apply to the Lagos Founder Institute at http://fi.co/apply/lagos Today!

Anyone who applies by the Early Application Deadline (2019-04-28) is eligible for a variety of scholarships – including the Female Founder Fellowship, which is offered to the best overall female applicant.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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WIOCC, Galaxy Backbone Partner to Drive High-Speed Internet Connectivity Across Nigeria

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WIOCC, Africa’s Carriers’ Carrier, has partnered with Galaxy Backbone Limited (GBB), a leading digital infrastructure and shared services provider, in a strategic infrastructure collaboration aimed at enhancing high-speed internet connectivity across the country. This partnership supports digital inclusion and drives Nigeria’s digital transformation.

By combining WIOCC’s extensive wholesale fibre network and expertise with GBB’s national fibre footprint, the collaboration will improve scalability, efficiency and service delivery for businesses and government institutions. It also aims to bridge the digital divide by expanding broadband access to underserved regions and foster partnerships with Mobile Network Operators (MNOs) to advance Nigeria’s digital economy.

A signing ceremony was held at Galaxy Backbone’s Corporate headquarters in Abuja, with Darren Bedford, Group Chief Development Officer at WIOCC and Managing Director/CEO of Galaxy Backbone, Professor Ibrahim A. Adeyanju.

They highlighted the strategic alignment of both organizations in driving digital transformation to accelerate Nigeria’s digital future, setting a benchmark for innovation and connectivity that addresses the evolving needs of Nigeria’s digital ecosystem..

Professor Ibrahim A. Adeyanju stated, “Our mission is to provide robust digital infrastructure that underpins Nigeria’s digital economy. This partnership with WIOCC is a testament to our commitment to enabling digital inclusion and providing a platform for collaboration that transforms how businesses, governments and communities operate in today’s world.”

Darren Bedford added, “This collaboration with Galaxy Backbone reflects our shared vision for driving digital transformation. Together, we are creating a platform for innovation and economic growth that will benefit the country with world-class connectivity.”


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Schneider Reiterates Commitment to Accelerate Data Centre Market

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Schneider Electric, has reiterated its commitment to accelerate growth in the data centre market across East and West Africa regions that have become vital due to rapid digitalisation and increasing Internet penetration.

Commitment on the company’s drive, End User Sales Director, Anglophone Africa, Schneider Electric, Rohan de Beer, said, the African data centre market is witnessing unprecedented growth, creating a fertile ground for resellers and distributors to enhance their capabilities and foster stronger relationships with local end users.

De Beer explained that previously, Schneider Electric relied solely on external channels for market development, which sometimes led to missed opportunities and increased competition.

He noted that the new dual approach adopted by the firm seeks to address these gaps by enabling closer engagement with end users to influence technology decisions and secure a larger share of the market.

He added, “Crucially, these engagements will still be fulfilled through Schneider Electric’s extensive channel network.This strategy allows us to influence project lifecycles at an earlier stage while maintaining our channel-driven fulfilment model,” explained De Beer. “Our goal isn’t to increase direct business but to expand our market presence and share while empowering partners.”

“In addition to self-paced learning resources, we are hosting instructor-led training sessions across the Anglophone cluster. The first half of the year saw successful training completions in East, West, and Southern Africa, focusing on technical solutions for partners and distributors,” De Beer added.


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Meta Plans $10Bn Subsea Cable Project to Boost Connectivity

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Meta, the parent company of Facebook, Instagram, and WhatsApp, reportedly plans to invest over $10 billion in a privately owned subsea cable network spanning more than 40,000 kilometers.

Meta Plans $10Bn Subsea Cable Project to Boost Connectivity

This ambitious project aims to enhance Meta’s control over its vast internet traffic, reduce dependence on telecommunications companies, and mitigate geopolitical risks.

The proposed route is expected to connect the U.S. East Coast to India via South Africa, and then from India to the U.S. West Coast through Australia, forming a “W” shape around the globe.

The initiative reflects Meta’s strategic move to secure its infrastructure amid growing geopolitical tensions and concerns about the vulnerability of undersea cable.

According to sources close to the company, the initiative, still in its early phases, would be Meta’s first fully owned and operated subsea cable.

This bold move underscores Meta’s focus on strengthening infrastructure to support its platforms, which generate 10% of fixed and 22% of mobile internet traffic globally, as first reported by TechCrunch.

Sunil Tagare, industry expert, who reported the plans in October, noted that the project’s initial budget of $2 billion will likely increase significantly.

“This is a monumental project in both investment and scale. The shortage of cable-laying ships and resources could lead Meta to build the cable in phases,” Tagare explained.

Although Meta has yet to publicly confirm the plans, an official announcement regarding the route, capacity, and objectives is anticipated in early 2025.

Logistical Hurdles: Meta faces difficulties securing the resources needed for a project of this scale. Cable-laying ships are in limited supply, with tech giants like Google already monopolising contracts with firms such as SubCom.

Tight Market Conditions: Ranulf Scarborough, a submarine cable industry analyst, highlighted the constraints. “The tight market for specialised resources means Meta may need to adopt a phased construction approach, potentially extending the timeline.”

Meta’s infrastructure initiatives are led by Santosh Janardhan, its head of global infrastructure. Reports suggest the project is being developed from its South African operations, indicating the growing significance of emerging markets in Meta’s strategy.

Traditionally dominated by telecom carriers, subsea cable construction has seen a shift as content-driven companies like Meta seek greater control over the infrastructure delivering their services.

If successful, this cable will strengthen Meta’s ability to handle data traffic independently, reduce reliance on shared networks, and unlock opportunities in underserved regions.

 


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