After two successful cohorts, the ARM Labs Lagos Techstars Accelerator program has officially concluded, discontinuing its third cohort which began March 2024. This decision comes as Techstars and ARM Labs have decided to part ways.
The program, which launched in December 2022, provided 24 startups with up to $120,000 in funding and access to the global Techstars network. Despite its short tenure, the program has already made a significant impact on the Nigerian startup ecosystem, nurturing promising ventures and fostering innovation.
While the accelerator program is ending, the 24 portfolio companies will continue to benefit from Techstars’ ongoing support and resources.
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As Techstars moves forward, the company remains committed to exploring future opportunities in the African tech scene. The vibrant and dynamic startup ecosystem in Nigeria and across the continent offers immense potential for growth and innovation.
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