Collaboration will lead to the creation of the Enye Inc. Frontiers Technology Fellowship, for each Cohort of The Founder Institute in Lagos.
May 14th, Palo Alto, CA – The Founder Institute, the world’s largest pre-seed accelerator program, and Enye Inc., a 501(c) (3) nonprofit talent accelerator, believe that technology can play a significant role, in alleviating social, political and economic problems. Both parties are therefore, announcing a partnership to further connect early-stage start-ups, with technical resources in Lagos. As part of this partnership, the two organisations will begin a mutual partnership, to collaborate and work with aspiring software engineers and entrepreneurs, in the tech ecosystem, through the Founder Institute program and Enye Inc engineering cohorts.
Enye.Tech, as a Talent Accelerator, is proud of its contributions to human capital and economic stability, through its last three engineering cohorts. Enye trains and pairs intermediate engineers, after a fully remote six-month intensive training and mentoring program. Enye trains Nigerians, in core IT skills, (such as software development, enterprise architecture and project management). Enye is committed to helping Nigeria-based start-ups get access to properly, trained intermediate engineers. There is a need to equip junior developers, with the right training and guidance.
A statement released by the Lead Director, Founder Institute Lagos, Wande Adalemo, reads as follows; ‘this partnership deepens our offering, at Founder Institute, Lagos, as we are constantly looking at building the Lagos ecosystem. This is Africa's fifth largest economy and little progress has been made, despite the potential $2bn value, yet to be unlocked. Collaborations like this, will ensure that value is translated to tangible outcomes, for Founders who join the program in Lagos.”
“This is one of the many partnerships and collaborations that will ensure that building a start-up in Lagos is easier. I am, especially, looking forward to this, for this cohort and many cohorts, thereafter,” Adalemo added.
Founder Institute and Enye.Tech, will collaborate to support and provide resources for the 20+ start-ups, joining Founder Institute, Lagos, each year. In addition to supporting start-up founders, throughout Lagos, a goal of this initiative will be, to train entrepreneurs from the idea stage, to early company stage/equip individuals with problem-solving skills, for society.
Currently, Enye has an 86% success rate, in placing Enye-trained engineers, with organisations and also, emphasises on skills necessary, to meet international standards of employability, e.g., collaboration, knowledge transfer and commitment, to product success.
According to the Regional Director, Founder Institute, Chukwuemeka Fred Agbata Jnr,
"We are excited for the value that Enye has added, so far. This collaboration increases the value that both organisations can offer the ecosystem, because the connection of a world-class curriculum and quality technical resources, will result in the creation of great companies, in very short turnaround time."
For early-stage founders and teams, 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 start-ups, across 6 continents, like Udemy, Realty Mogul, Travelcar, goplaceit, Appota, and many more.
Enye is an educational non-profit with a focus on empowering engineers with skills needed to build big ideas. Through Enye’s project-oriented platform, Enye trains and mentors engineers using fundamentals of design thinking, Agile methodologies and product life cycles.
Enye’s engineering program offers three unique solutions: Finding and training intermediate Nigerian software engineers to a level where they can compete in the global market, providing access to internships where they have the opportunity to work on big ideas, and bridging the technical gap in Nigeria’s technology ecosystem by providing the local founders with the technical talent that they need to build out a successful product. Enye has worked mostly with foreign-based organisations from inception. However, driven by the commitment to development in Nigeria, Enye is strategically bridging the technical skill gap in the talent market. Enye is, therefore, repositioning to train and place all graduates in Nigerian-based start-ups.
The founding team includes Uche Nnadi, Managing Director with a background in Organizational Strategy, Product Management, and Software Engineering, (current CTO of PayHippo and Ex. Co-Founder and CTO of SeatJoy; Michael Paccione, the Financial Director with a background in Accounting, Business Development and Software Engineering, and Emmanuel Ezeagwula, Technical Director (current Principal Solutions Engineer, Knowi). Enye was incorporated in 2018.
GLOBAL MEDIA CONTACT: Uche Nnadi, Managing Director of Enye.Tech (firstname.lastname@example.org)
Graduates of the Founder Institute are creating some of the world's fastest growing startups, having raised over $1.75BN in funding, and building products people love across over 200 cities worldwide.
See the most recent news from our Grads at FI.co/news, or learn more about their stories at FI.co/journey.