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Omobola Johnson’s TLcom raises $40 million seed funds for tech entrepreneurs across Africa
Updates & Headlines June 27, 2017

Omobola Johnson’s TLcom raises $40 million seed funds for tech entrepreneurs across Africa

Dr Omobola Johnson, Nigeria’s former Minister of Communication Technology and now Lead Partner of TLcom, says TLcom has raised $40 million seed funds to grow technology-enabled services and entrepreneurial innovations across Africa. 
 
According to Dr Omobola Johnson, the seeds funds will provide both funding support and business development models to help entrepreneurs build sustainable businesses. 
 
TLcom is an international venture capital in Lagos, Nairobi, and London that help African entrepreneurs work closely with portfolio companies and access a network of global investors, technology experts, and advisors. 
 
The target fund is $100 million. This fund is with the African Development Bank (AfDB), European Investment Bank (EIB), and African, American, and European corporate investors and family offices such as FBN Capital and Founder of the Stanford’s SEED Institute, Bob King. 
 
“It’s a great initiative”, says Senator Iyere Ihenyen, Lead Partner of Infusion Lawyers. “Mobile penetration is growing fast in sub Saharan Africa. Investors are taking advantage of this growth by investing in African businesses in commerce, education, finance, health, and other sectors that mobile technology can change fast.”
 
But will TLcom’s seed fund really benefit Africa or just investors? “I think it’s a win-win situation. The investment is going into African businesses solving problems in Africa. This will help create jobs and achieve economic inclusion.”

Why App Developers Need to Protect their Software Programs—Odion got it wrong and paid for it.
Intellectual Property Startups Tech Entrepreneurs June 17, 2017

Why App Developers Need to Protect their Software Programs—Odion got it wrong and paid for it.

by Senator Iyere Ihenyen Lead Partner, Infusion Lawyers senator@infusionlawyers.com.ng Download PDF Odion, an App Developer builds a mobile app—Butterfly—to enable users browse the Internet and download files without any internet connection. After months in that tech-startup hub and incubator, you.. Read more

Six Things You Must Get Right about Your Startup Idea
Startup Law Startups June 10, 2017

Six Things You Must Get Right about Your Startup Idea

by Faith Obafemi, Associate, Infusion Lawyers faith@infusionlawyers.com.ng Download PDF It’s not enough to have that Eureka! moment when that BIG idea suddenly comes. After the excitement has cooled off, you’ll need to answer the question, “Is my startup idea viable?”.. Read more

Moral Rights in Nigeria—Lessons from More Developed Jurisdictions
Intellectual Property IP & IT Advocacy May 23, 2017

Moral Rights in Nigeria—Lessons from More Developed Jurisdictions

by Gbenga Odugbemi Partner, Infusion Lawyers gbenga@infusionlawyers.com.ng  Download PDF  Introduction Experts on intellectual property (IP) law are few in Nigeria. This is why there is relative laxity and dearth of discussions on topical issues in the field. Though basic discussions.. Read more

Africa and Intellectual Property: We will keep destroying the continent if ….
IP & IT Advocacy May 6, 2017

Africa and Intellectual Property: We will keep destroying the continent if ….

Africa will keep destroying itself if it continues to consume without creating, owning, or maximizing intellectual property for real development.   There are over 600 million young men and women in Africa. Up to 432 million of these young people.. Read more

Today is World Intellectual Property Day 2017!
Intellectual Property IP & IT Advocacy April 26, 2017

Today is World Intellectual Property Day 2017!

Today 26 April is World Intellectual Property Day. This year’s theme is Innovation—Improving Lives. Improving lives is essentially what innovation should be all about. And Intellectual Property (IP) is what keeps innovation going. Without IP, innovation would become elastic.

Phishing in Cyber Waters
Technology Law April 25, 2017

Phishing in Cyber Waters

In 2015, phishing loomed as the biggest threat in Nigeria’s cyber waters.[1] The New Telegraph report claiming this relied on a cybersecurity report by Deloitte Nigeria.[2] In that report, Deloitte Nigeria predicted that “[t]he cybercrime of choice by majority of the Nigerian cyber criminals would be via social engineering. Intelligently crafted phishing emails and phone calls to naïve customers will increase.”

What African Businesses and Startups can Learn from the World’s 5 Most Valuable Brands
Intellectual Property April 23, 2017

What African Businesses and Startups can Learn from the World’s 5 Most Valuable Brands

African businesses and startups are coming up fast. They also want to go global. But what can African brands learn from the world’s 5 most valuable brands?

Intellectual Property (IP) is the key to unleashing Nigeria’s huge potentials, not oil.
Intellectual Property April 23, 2017

Intellectual Property (IP) is the key to unleashing Nigeria’s huge potentials, not oil.

Patent filing in Nigeria is so poor that if it were to be the only yardstick for determining how large an economy is, the Nigerian economy would most likely be dragging bottom place with today’s smallest economies in the world.

Millions of SMEs and startups fail every year because they have weak or non-existent Intellectual Property (IP) strategy.
Intellectual Property April 23, 2017

Millions of SMEs and startups fail every year because they have weak or non-existent Intellectual Property (IP) strategy.

Millions of SMEs and startups around the world have poor internal management practices and lack knowledge of what IP regimes offer. These two factors do not only affect business growth and expansion, but also kill business.

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