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Abuja is home to over 294,500 aspiring entrepreneurs. Join 10,000+ founders already on CoffeeSpace, be among the first 50 joining in Abuja and start your founder journey today!
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Entrepreneurship in Abuja
The entrepreneurship environment in Abuja has seen significant growth in recent years, emerging as a hub for innovation and creativity. The city boasts of a vibrant and dynamic startup ecosystem, with a wide range of entrepreneurs engaged in various sectors including technology, agriculture, education, and health. This growth can be attributed to a number of factors such as a conducive business environment, a young and tech-savvy population, and the presence of several incubators and accelerators that facilitate innovation and development of startups. However, access to funding remains a significant challenge for entrepreneurs in Abuja. Despite the increasing number of venture capitalists and private equity firms showing interest in the city, there is still a huge gap in funding, particularly for early-stage businesses. The government has made efforts to address this through initiatives such as the establishment of the Bank of Industry and the Nigerian Investment Promotion Commission. These institutions provide loans and grants to startups, thus easing the funding challenge. Despite these hurdles, the resilience and tenacity of entrepreneurs in Abuja continue to drive the startup ecosystem forward.
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Abuja founders in numbers
In the vibrant and dynamic environment of Abuja, a bustling hub of innovation and entrepreneurial spirit is thriving. With a total of 294,500 entrepreneurs, the ecosystem is vibrant and dynamic, providing a fertile ground for new ideas and startups. A significant portion of our CoffeeSpace users, 45 in fact, are part of this thriving scene. The top three industries dominating the landscape are AI, FinTech, and Education, with prominent companies like Self Employed, Protis Studios, and Monily leading the charge. The educational background of these entrepreneurs is as diverse as it is impressive, with many hailing from top universities such as Ahmadu Bello University, University of Nigeria, Nsukka, nd University of Abuja. The entrepreneurial environment in Abuja is a potent mix of innovation, technology, and academic excellence, providing the perfect conditions for businesses to grow and thrive.
The median age of CoffeeSpace founders in Abuja is 27, while the average is 27.91.
A majority (58%) of CoffeeSpace founders in Abuja are technical (Engineering, AI/ML), while (42%) are non-technical (Product, S/M, Financial, Operations).
A majority (53%) of CoffeeSpace founders in Abuja, are exploring startup ideas, while 47% are committed to an idea.
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