Cascador, a transformative program dedicated to empowering mid-stage entrepreneurs in Africa, has reaffirmed its commitment to supporting Nigerian entrepreneurs through significant financial backing, leadership training, and networking opportunities.
During a recent alumni meeting in Ikeja, Cascador’s founder, Dave DeLucia, emphasized the program’s goal of fostering impact-driven entrepreneurship across the continent. DeLucia explained that the program is designed to empower entrepreneurs tackling societal challenges through innovative for-profit ventures. “Rather than offering grants or working through NGOs, we empower entrepreneurs to solve problems and create jobs. By developing leadership skills, financial acumen, and connections, we help them scale their impact and inspire a culture of philanthropy and community giving,” DeLucia said.
The Director of Cascador, Trish Thomas, highlighted improvements to the program’s 2024 curriculum. Entrepreneurs now undertake practical projects, such as a three-week customer research initiative, allowing them to apply their findings in real-world business scenarios. “Our curriculum now fosters deeper learning and a stronger bond among cohort members,” Thomas stated.
In a significant move, Cascador awarded $5,000 personal development stipends to each 2024 cohort member to support their growth amid Nigeria’s challenging business environment. “It’s challenging to be an entrepreneur in Nigeria today with inflation, strict lending standards, and limited access to capital,” Thomas noted.
Cascador concluded its 2024 program with a pitch day, awarding $50,000 in prizes to outstanding participants. Chioma Ifeanyi-Eze of Accountinghub won the $20,000 Impact Award for her Data Entry Academy, promoting digital literacy across Africa. Godwin Benson of Tuteria received $20,000 as the Pitch Competition Winner for his innovative tutoring platform connecting students to skilled tutors. The $10,000 Exemplary Cascador Award went to Oluwaseyi Adefemi of Drive45 Mobility for his leadership and subscription-based vehicle ownership model
Amanda Etuk, Cascador’s Program Director, revealed plans to provide additional funding to alumni. “Through additional funding, we will provide substantial capital, ongoing education, and mentorship to our alumni. Our new initiatives will include annual loans and investment opportunities to help founders scale their businesses,” Etuk said.
DeLucia concluded, “Nigeria offers fertile ground for impact. Our faculty and mentors are inspired by the resilience and innovation of Nigerian entrepreneurs. By sharing expertise, connections, and capital, we hope to contribute to a thriving economy and a culture of giving back.”
As Cascador prepares to deepen its engagement with alumni and enhance its 2025 program features, it remains a vital source of support for entrepreneurs striving to create lasting impact in Nigeria and beyond.
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