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iROKOtv Founders Jason Njoku & Bastian Gotter create SPARK – A Company in support of Nigerian Technology & Internet Entrepreners

BellaNaija.com

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Introducing SPARK – the $1M backed company created to support and develop aspiring Nigerian tech and internet entrepreneurs courtesy of iROKOtv entrepreneurs; Jason Njoku & Bastian Gotter. SPARK is a company that builds companies, is based in Lagos, Nigeria and is set to fill the vacuum that currently exists in the country’s angel investment ($30-75k funding level) eco-system.

Managing partner, SPARK Jason Njoku says  “In Africa, we’re witnessing an exciting metamorphosis, from a tech ‘scene’ to a tech ‘revolution’, where Lagos is very much the gateway for the entire continent. The creativity, talent, the spirit of entrepreneurship is here but Nigeria’s business eco system isn’t set up to adequately support start-ups in their earliest days. Our intention with SPARK is to act as the catalyst to a period of aggressive and exciting growth in Africa’s Internet sector.

The move comes amidst significant disruption in the Nigerian Internet scene; fast becoming one of the country’s most prolific and exciting sectors, many entrepreneurs struggle to make the transition from idea to business, due to prohibitive start-up costs, a lack of on-the-ground angel investment opportunities, a lack of access to trusted mentorship and business bureaucracy. The SPARK mission is to facilitate the transformation of good ideas into awesome, profitable and sustainable African Internet businesses.
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SPARK-funded companies, managed by Jason Njoku, Bastian Gotter and Mary Remmy-Njoku, share the same administrative infrastructure, legal teams, mentors and marketing support, making the companies capital-efficient. SPARK concentrates on well defined and scalable revenue models and has, to-date, seed funded or created 13 start-ups to the sum of $35-75,000 each. These companies include a hotel room booking site, a Christian dating site and a property-letting site. Companies in the SPARK network has currently employed 80 people and by the close of 2013, SPARK expects to have created or funded 20 companies in total.

Bastian Gotter, Managing Partner of SPARK says: “The incubation period for any start-up is critical and we found that this is where Nigeria’s business infrastructure struggles most. SPARK is uniquely positioned to totally change this; we aren’t just an incubator, we aren’t just an investor – we are a company that builds companies. We fund our companies, provide them with the back room assistance they need to get started and advise them on all aspects of their business. SPARK is the financial, intellectual and pragmatic engine that will propel Nigeria’s Internet entrepreneurs from start-ups to dynamic businesses that generate jobs and income for the region.”

For more information please email Jessica Hope at [email protected] | Call +44 (0) 203 176 2808  www.spark.ng

21 Comments

  1. ebrufles

    May 10, 2013 at 5:27 pm

    wow interesting
    p.s: bella you wrote Nigerin instead of Nigeria. 🙂

  2. TINNU

    May 10, 2013 at 5:38 pm

    BRILLIANT GUY

  3. Aisha

    May 10, 2013 at 5:50 pm

    This is brilliant! It’s been long overdue in Nigeria. At least, now, people will know who to go to in terns of angel investors.

  4. reallyyyyyy!!!

    May 10, 2013 at 5:51 pm

    Great!!!

  5. Olori

    May 10, 2013 at 6:11 pm

    Welcomed development: adequate focus on the business side of things – common problem among techpreneurs is that while they are development whiz kids, they sometimes lack finance, strategy and marketing skills to take things to the next level.

    21allenavenue.blogspot.com/

  6. Rukky

    May 10, 2013 at 6:18 pm

    Inspirational stuff. God bless you guys and your endeavours!

  7. Ngum

    May 10, 2013 at 7:26 pm

    I cannot praise this initiative enough! This has been the missing essential ingredient in tech development. Hope more wealthy Africans see that there really is money to be made in this promising sector.

  8. Ugochukwu

    May 10, 2013 at 7:42 pm

    Inspirational!!! Thats really cool

  9. gistyinka blog

    May 10, 2013 at 7:45 pm

    nice initiatives….

  10. OK

    May 10, 2013 at 9:00 pm

    Four thumbs up!! My idea being manifested through another. Good job all the same.

  11. TheLearningCraft

    May 10, 2013 at 9:14 pm

    With over 25million internet users in Nigeria, I knew it was about time for business savvy persons to come up with such a brilliant idea. Jason and partner are shining examples of what Nigerian successful enterpreneurs should be doing – enabling contemporary business ideas. Way to go! thelearningcraft.blogspot.com

  12. www.brandigest.wordpress.com

    May 10, 2013 at 11:35 pm

    So, so cool. Jason has finally bridged the gap. This initiative is timely.

  13. NNENNE

    May 11, 2013 at 1:47 am

    More jobs for the youth. Please people don’t mess with this people in any way, manner or form. We need more investors like them in Nigeria.

  14. madman

    May 11, 2013 at 4:21 am

    interesting initiative. Just chose your investors wisely…. lots of investors out there looking to take advantage of ignorant entrepreneurs.

  15. monica chioma

    May 11, 2013 at 9:43 am

    Sincerely speaking,I call this creativity and it’s working.

  16. Seyi

    May 11, 2013 at 11:45 am

    This is really great!

  17. llyn

    May 11, 2013 at 1:48 pm

    very good. impressed

  18. Simya

    May 11, 2013 at 9:29 pm

    This is just amazing! Would love to be a part of this

  19. Toyin

    May 14, 2013 at 4:32 pm

    This is so impressive, just what we need in Nigeria/Africa right now. Innovation, and creative ideas is lacking. Thank you, Jason Njoku for coming up with such brilliant initiative.

  20. InfoNubia

    May 24, 2013 at 4:19 am

    This is exactly what we need to reward creativity in Nigeria. All these folks with a lot of money should support such a move by becoming venture capitalist. It’s about time we started investing in technology. It will pay off big time.

    The world is becoming flatter by the day and we should take advantage of the opportunities a flat world presents.

    Great initiative, guys!

  21. Lebowski

    May 27, 2015 at 10:06 am

    A welcome innovation and craft. Keep it up Iroko

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