The Lagos State Employment Trust Fund has recorded a major milestone in its drive to strengthen Lagos’ innovation ecosystem with the latest update on its Female Founders & Funders Programme.
Eko Hot News reports that out of 178 applications received, 30 outstanding founders have been selected for the third edition of the programme, reflecting its increasing competitiveness and growing relevance within the startup community.
The initiative continues to promote inclusive entrepreneurship by providing women-led businesses with opportunities to access funding, mentorship, and strategic support. It also reinforces Lagos State’s commitment to empowering female innovators.
Selected participants will undergo an intensive programme lasting between six and eight weeks. During this period, they will receive practical training designed to enhance business growth and sustainability.
The programme will provide access to vital tools and expert guidance needed to scale ventures effectively. Founders will also benefit from networking opportunities with industry leaders and potential investors.
Organisers noted that the initiative is structured to equip participants with the skills required to navigate the evolving business landscape. It aims to position them for long-term success in competitive markets.
A key highlight of the programme will be the Demo Day scheduled for June 5, where participants will present their business ideas to a wider audience. The event is expected to connect founders with investors and partners.
Demo Day will serve as a platform for showcasing innovation and unlocking new opportunities for participating startups. It also marks a transition into the next phase of growth for the selected founders.
Stakeholders have described the programme as a vital step toward building a stronger and more inclusive entrepreneurial ecosystem in Lagos. It reflects ongoing efforts to bridge gender gaps in access to funding and business development.
The Female Founders & Funders Programme has continued to evolve, attracting a growing number of applicants with each edition. This trend highlights increasing interest among women entrepreneurs in structured support initiatives.
Observers note that programmes like this play a critical role in driving economic growth by supporting small and medium-sized enterprises. They also contribute to job creation and innovation within the state.
LSETF reaffirmed its commitment to fostering entrepreneurship and innovation across Lagos. The organisation emphasised that empowering women founders remains central to its broader development agenda.
The latest cohort represents a new generation of entrepreneurs poised to contribute meaningfully to the state’s economy. Their participation signals continued progress toward a more inclusive and dynamic business environment.
