Cascador, a pioneering entrepreneurial development program focused on mid-stage entrepreneurs in Africa, has reinforced its dedication to empowering Nigerian business leaders through a comprehensive approach encompassing financial assistance, advanced leadership training, and invaluable networking opportunities. The program’s core mission, articulated during a recent alumni gathering in Ikeja, centers on cultivating impact-driven entrepreneurship across the continent, fostering businesses that not only generate profit but also address pressing societal challenges. This commitment underscores Cascador’s belief in the transformative power of entrepreneurship to create positive change within local communities and across the broader African landscape.
Central to Cascador’s philosophy is the empowerment of entrepreneurs who are actively engaged in tackling social issues through innovative, for-profit ventures. Rather than relying on traditional grant models or working through non-governmental organizations, Cascador invests directly in the potential of entrepreneurs, equipping them with the necessary tools to create scalable solutions and generate employment opportunities. This approach, as articulated by Cascador’s founder, Dave DeLucia, focuses on developing critical leadership skills, financial acumen, and strategic connections, ultimately enabling entrepreneurs to amplify their impact and inspire a culture of philanthropy and community engagement. By fostering a self-sustaining ecosystem of impactful businesses, Cascador aims to catalyze both economic growth and social progress.
Cascador’s commitment to continuous improvement is reflected in the enhancements made to its 2024 curriculum. The program now incorporates practical, real-world projects, such as a three-week customer research initiative, which allows participants to apply their learning in a tangible business setting. This experiential learning approach not only deepens the participants’ understanding of core business principles but also strengthens the bonds among cohort members, fostering a collaborative and supportive learning environment. This focus on practical application and peer-to-peer learning is crucial for equipping entrepreneurs with the skills and network they need to navigate the complexities of the African business landscape.
Recognizing the challenging economic climate in Nigeria, Cascador provided each member of the 2024 cohort with a $5,000 personal development stipend. This financial support is designed to assist entrepreneurs in navigating the hurdles presented by inflation, stringent lending practices, and limited access to capital. Trish Thomas, Director of Cascador, acknowledged the difficulties faced by entrepreneurs in Nigeria’s current economic climate and emphasized the importance of providing tangible support to enable these individuals to persevere and thrive. This stipend represents Cascador’s understanding of the practical challenges entrepreneurs face and its commitment to providing holistic support that extends beyond training and mentorship.
The culmination of the 2024 program was a pitch day, where outstanding participants competed for a total of $50,000 in prize money. Chioma Ifeanyi-Eze, founder of Accountinghub, was awarded the $20,000 Impact Award for her Data Entry Academy, which aims to bridge the digital literacy gap across Africa. Godwin Benson, founder of Tuteria, secured the $20,000 Pitch Competition Winner prize for his innovative tutoring platform that connects students, including those with special learning needs, with qualified tutors. Lastly, Oluwaseyi Adefemi, founder of Drive45 Mobility, received the $10,000 Exemplary Cascador Award, recognizing his exemplary leadership and innovative subscription-based vehicle ownership model. These awards not only provide crucial funding but also validate the entrepreneurs’ hard work and the potential of their ventures to create meaningful impact.
Cascador’s commitment extends beyond the core program, with plans to deepen engagement with alumni and enhance the 2025 program features. Amanda Etuk, Cascador’s Programme Director, revealed plans to provide substantial capital, ongoing education, and mentorship to alumni, including annual loans and investment opportunities. This long-term support is crucial for ensuring the continued growth and success of Cascador alumni and their ventures. By fostering a thriving alumni network, Cascador aims to create a sustainable ecosystem of impact-driven entrepreneurs. This ongoing support underscores Cascador’s belief in the long-term potential of its alumni and its commitment to nurturing their growth beyond the program’s duration. This continued investment in alumni demonstrates Cascador’s dedication to building a strong network of successful entrepreneurs who can contribute to a thriving economy and a culture of giving back.
Cascador’s unwavering belief in the potential of Nigerian entrepreneurs is a driving force behind its mission. The organization recognizes the resilience and innovation inherent within the Nigerian entrepreneurial spirit and aims to contribute to a thriving economy and a culture of reciprocity. By sharing expertise, forging connections, and providing crucial capital, Cascador is playing a vital role in cultivating a vibrant entrepreneurial ecosystem in Nigeria and beyond. As Cascador continues to evolve and expand its reach, it remains a beacon of support for entrepreneurs striving to create lasting, positive change in Nigeria and across Africa. The program’s comprehensive approach, combining financial assistance, tailored training, and ongoing mentorship, positions Cascador as a key player in fostering a brighter future for the continent through the power of entrepreneurship.
