ENTERPRISE54 – 440.ng, a joint-venture between L5Lab and 88Mph of South Africa has announced the first batch of mentors for its maiden accelerator program for startup companies.
The program will see 440.ng invest between $20, 000 and $110, 000 in selected startups, which will be admitted into the 3-month accelerator program in a co-working space where they will be mentored by Interswitch founding CEO Mitchell Elegbe; Konga Founder/CEO Simdul Shagaya; Paga co-Founder Jay Alabraba and Jumia co-Founder Rafael Afedor.
The mentor faculty also includes Venture Capitalist and Founding CMO of MTN Nigeria Afam Edozie, Cheki Nigeria Country Manager Tomi Hudonu and Jobberman CEO/co-Founder Deji Adewunmi.Chika Nwobi of L5Lab who is Co-Founder and Director of 440.NG, said, “Besides capital, one of the biggest needs of start-ups is access to experienced mentors, we are bringing together an all-star set of mentors from different backgrounds to help our startups. More will be announced soon.”

“These mentors have indeed been at the frontier of the evolving mobile/web industry in Nigeria. Their businesses have used mobile/web technology to scale & disrupt traditional businesses, and target African consumers. They will be a part of creating a new generation of tech giants, like themselves.” said Kresten Buch of 88MPH.

440.ng, invests in both pre-revenue early stage startups as well as post-revenue startups looking to scale their businesses through outside investment and strategic support.
Interested startup companies have until July 31, 2014 to apply for investment.