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About

About FATE Foundation

We are Nigeria’s foremost business incubator and accelerator program with a goal to enabling aspiring and emerging Nigerian entrepreneurs to start, grow and scale their businesses.

We were founded in 2000 by Fola Adeola to harness the high potential entrepreneurship culture of Nigerians to spur job creation, economic development and social impact.

Please email info@fatefoundation.org for additional details or enquiries.

  • FATE Foundation was formally incorporated in March 2000 as a Company Limited by Guarantee under the Nigerian Corporate Affairs Commission (RC 393730).
  • We were founded by Fola Adeola (Founder & Pioneer Managing Director/Chief Executive Officer, GTBank) with the support of other leading private sector leaders committed to fostering sustainable entrepreneurship. Mr. Fola Adeola remains very active in leading the Board of Directors to deliver on the organisation’s founding mission and mandate. Please read his full profile here.
  • We harness the strong entrepreneurial culture of Nigerians by providing the business incubation, growth and accelerator support required to fully explore their innovative potential.
  • Our sustainability model is driven by funding and technical support from local and international partners and enabled by a strong volunteerism strategy.

SDG 4 – Quality Education: Eliminate gender disparity in education and substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship.

SDG 8 – Decent Work and Economic Growth: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of MSMEs including through access to financial services.

SDG 9 – Industry, Innovation and Infrastructure: Increase the access of small-scale industrial and other enterprises, in particular in Nigeria to financial services, including affordable credit, and their integration into value chains and markets.

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