Talent Development Platform, SperaDeal Launches to Fund Creative Solutions from African Innovators

SperaDeal Launches to Fund Creative Solutions from African Innovators

Nigerian technology startup, SperaDeal virtually held its official launch event yesterday. SperaDeal is a new startup seeking to become Africa’s foremost innovation and talents development hub.

Among guest speakers at the event were Engr James Ogbokeshimi Sylvester and Gracetiti Fredson. At the online launch, the company’s Founder and CEO, Maximum Fredrick stated that the startup has set out to identify credible innovators skilled across a wide range of abilities and drive their product development value chain from conceptual stage to commercialisation.

Profile photo of Maximum Fredrick
Maximum Frederick, CEO Speradeal

Bridging the Unemployment Gap

Speaking at the event, SperaDeal Executive Director of Operations, Dr Donald Igwebu stressed that the company is strategically positioned to cut down the unemployment rate in Africa by onboarding bright talents with creative solutions.

It is worrisome that Africa with a population of approximately 1.34 billion has about 10.7% youth unemployment rate. Trending it down to Nigeria with over 200 million people and a working population of 122 million, the current unemployment rate is 33.3% according to the National Bureau of Statistics (NBS).

Dr Donald Igwebu, Executive Director, Operations
Talent Development Platform, SperaDeal Launches in Nigeria to Fund Creative Solutions from African Innovators
Speakers and attendees at the launch event

“Hence, SperaDeal’s launch is timely and we are providing a platform that can be leveraged by talents to develop their ideas from the conceptual stage to commercialisation,” he added.

Applying to Speradeal: How it Works

All applications to SperaDeal are to be made via the official website. There are no restrictions as to who can apply. Individuals with inventive ideas that can add strategic value in any sector such as healthcare, energy, finance or agriculture are eligible to apply to the program.

Upper screenshot of Speradeal application form

Key requirements for the application include details on the type of innovation or product, funds availability, patent status and a brief description of innovation.

In Nigeria, there are several people who have developed ideas into a prototype but they are stranded. It’s about time we Africans help other Africans within Africa.

Charles O’Martins, Executive Director, Productions

Upon receiving innovative and credible ideas from applicants, SperaDeal will contact successful candidates after the screening of applications. The company then signs a memorandum of understanding (MOU) with applicants or their representatives.

According to the team, the next stage involves the closure of a product development funding deal with venture capitalists and manufacturers. Once that is secured, the company says it will market innovators’ products globally using a wide range of platforms.

As agreed in the MOU, innovators will then receive their stipulated profit share from product sales.

SperaDeal says it will actively seek out talents by organising future workshops and events in remote areas and major cities, collaborating with universities and visiting technical colleges in Nigeria and other African countries.

We are trying to close the technology talent gap in Africa.

Charles O’Martins

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