The ARM Labs Innovation Program (ALIP) has been a catalyst for Nigerian startups, equipping them with essential resources and guidance to effectively pitch and secure investments.
Since its inception in 2018, ALIP has played a pivotal role in driving innovation and nurturing growth within the startup ecosystem.
ALIP Cohort 5, which commenced on May 15th, 2023, continued the tradition of excellence, bringing together a diverse cohort of promising startups poised to make significant strides in their respective industries.
This cohort marked a significant milestone in the program’s journey, showcasing the resilience and ingenuity of Nigerian entrepreneurs.
Among the selected startups for Cohort 5 were Arich, GoNomad, Farmer1st, Periculum, and Wano. Each of these startups showed tremendous potential and embarked on a transformative journey throughout the program.
The 5th Cohort experienced a program overhaul and implemented stricter investment criteria. Startups were mandated to showcase market demand, validate their market, and present a well-defined growth strategy, among other prerequisites.
This enhanced selection process aimed to ensure that only the most promising and viable startups were admitted into the program, fostering a culture of excellence and accountability.
After the success of ALIP 5.0, it’s essential to celebrate the successes achieved and reflect on the valuable lessons learned. While some startups, such as Arich and GoNomad, secured funding and forged ahead on their growth trajectory, others faced challenges that underscored the inherent complexities of the startup journey.
Going forward, ALIP reaffirms its dedication to nurturing and empowering Nigerian startups, providing them with the necessary tools and support to excel in an ever-changing business environment.
As we conclude Cohort 5, we invite aspiring entrepreneurs to apply for ALIP Cohort 6 through our website, where they can access the application and begin their entrepreneurial journey.