The Director General of the National Information Technology Development Agency (NITDA), Isa Ali Pantami has said that many start-ups in Nigeria failed because owners failed to re-invest their money on the product they were working on.
Speaking at the 3rd edition of the Star-tup Clinic in Kaduna, the DG, who was represented by the Director, Standards, Guiding and Framework in the agency, Dr. Adejude Olayinka said the aim of the programme which is a follow-up to start-up Friday is to mentor the startups that participated in the last start-up Friday in Kaduna to educate them on how to improve on their products
He said about 20 start-ups registered to pitch and 10 were considered good enough.
He advised the start-up to listen to the professionals mentoring them and improve on their products once they got money in order to sustain the tempo.
The Acting National Coordinator, Office for ICT Innovation and Entrepreneurship (OIIE), Dr. Amina Magaji said the start-up clinic was an avenue to look at how to impact on the lives of young people who were starting up businesses in order to ensure sustainability.