Cascador Empowers Nigerian Entrepreneurs with $50,000 in Support
Cascador, a transformative program aimed at mid-stage African entrepreneurs, has reinforced its commitment to Nigerian entrepreneurs by offering financial backing, leadership training, and networking opportunities. During its recent alumni meeting in Ikeja, the organization emphasized its mission to foster impact-driven businesses across the continent.
Dave DeLucia, founder of Cascador, highlighted that the program is tailored to support entrepreneurs addressing societal challenges through innovative for-profit ventures. “Rather than relying on grants or NGOs, we enable entrepreneurs to tackle issues and create jobs. By building leadership skills, financial expertise, and connections, we help them expand their impact while inspiring a culture of philanthropy,” DeLucia explained.
Enhanced Curriculum for 2024
Trish Thomas, Cascador’s Director, announced enhancements to the 2024 curriculum, emphasizing practical learning through projects like a three-week customer research initiative. This hands-on approach allows entrepreneurs to apply insights directly to their businesses. “The new curriculum fosters deeper learning and stronger relationships among participants,” Thomas noted.
To support growth amid Nigeria’s challenging business climate, Cascador awarded $5,000 personal development stipends to each member of the 2024 cohort. “With inflation, tight lending conditions, and limited access to capital, being an entrepreneur in Nigeria today is exceptionally tough,” Thomas said.
$50,000 in Prizes for Exceptional Entrepreneurs
The 2024 program concluded with a pitch day where Cascador distributed $50,000 in prizes to outstanding participants:
- Chioma Ifeanyi-Eze (Accountinghub): Received the $20,000 Impact Award for her Data Entry Academy, which enhances digital literacy across Africa.
- Godwin Benson (Tuteria): Won $20,000 as the Pitch Competition Winner for his innovative tutoring platform connecting students, including those with special learning needs, to skilled tutors.
- Oluwaseyi Adefemi (Drive45 Mobility): Earned the $10,000 Exemplary Cascador Award for his leadership and subscription-based vehicle ownership model.
Looking Ahead: Sustained Support for Entrepreneurs
Amanda Etuk, Cascador’s Program Director, revealed plans to deepen alumni support through additional funding, education, and mentorship. “We’re introducing annual loans and investment opportunities to help founders grow their businesses,” she shared.
Cascador’s founder, DeLucia, also emphasized the importance of nurturing Nigeria’s entrepreneurial ecosystem. “Nigeria is ripe with opportunities for impact. Our mentors and faculty are inspired by the resilience and innovation of Nigerian entrepreneurs. By sharing knowledge, connections, and resources, we aim to contribute to a thriving economy and a culture of giving back,” he said.
Future Plans for 2025 and Beyond
As Cascador prepares to expand its alumni engagement and improve its 2025 program offerings, it continues to be a vital support system for Nigerian entrepreneurs striving to create lasting societal and economic impact.
