Alacryl is an angel investing venture by SUMPTU integrated services in partnership with WAOWX, that will provide early stage funding to entrepreneurs with a business plan, compact Return on Investment (ROI) plan and demonstrated ability to grow and sustain their business idea or venture.
What is ALACRYL?
Alacryl is a new angel investing venture by SUMPTU integrated services in partnership with WAOWX, that will provide early stage funding to entrepreneurs with a business plan, compact Return on Investment (ROI) plan and demonstrated ability to grow and sustain their business idea or venture. Alacryl set out to back entrepreneurial ingenuity and sagacity of the vast Nigerian people. Alacryl will also by this venture be helping many Nigerians earn a living and increase their income by funding their business ideas,
Moreover, Alacryl as an angel investor, we are entrepreneurs ourselves, with the ability to spot entrepreneurial talent at an early stage. Through experiences and proximity to the market.
Our plan at Alacryl is to create a platform to seek out upcoming entrepreneurs with the potential for rapid growth. Alacryl in will also facilitates the introduction of entrepreneurs to potential investors through presentations and other mechanisms. Alacryl is focused on potential investments in all kind of legitimate business ideas and ventures, with special focus on agro-allied businesses. Potential funding recipients must have prior experience in their choice businesses and a strong desire, willingness, and capability to prove their worthiness for funding.
Selection and Processing
After thorough examination of applications, the team will then select qualified application for processing.
Selected applicants will be contacted for further processing which includes:
- Interactive zoom call
- Submission of business concept and documents
- Signing of investment agreement contract and legal document
After the completion of Selection and Processing, successful applicants shall receive Alacryl investment fund and other mentorship and advisory pecks.
Why we are doing this!
Nigeria has no lack of brilliant business ideas which can employ millions of Nigerians. The dire outlook on employment makes supporting entrepreneurs more urgent. Given the scarcity of institutional capital, Nigerian angel investors can serve as a bridge to capital and resources that will allow entrepreneurs to scale their businesses.
Financing small business remains one of the most important factors determining the survival and growth of small businesses particularly in developing economies. Suffice it to stress that accessing capital for new entrepreneurial pursuit has not always been an easy task in Nigeria. Although many Nigerian entrepreneurs have recorded successes in business but the obvious is that more entrepreneurial dreams are aborted at conception due to financing constraints. In Nigeria, since the 1970’s there has been an increased interest in the promotion of small businesses due to the inability of government and mega organization to employ the nation’s teeming populace.