Africa's startups are transitioning from survival mode to scaling operations, with a growing emphasis on cross-border innovation, according to the organisers of the Innovation and Scale Forum (ISF). The event, held in Lagos, Nigeria, highlights a strategic shift in the continent's entrepreneurial landscape, where companies are now focusing on expansion and sustainable growth rather than just surviving in competitive markets.
The ISF, which brings together investors, entrepreneurs, and policymakers, is showcasing how startups are leveraging regional and international partnerships to access new markets and resources. This trend is driven by increased funding, improved digital infrastructure, and a more mature ecosystem that supports long-term business development.
Participants noted that cross-border collaboration is becoming essential for scaling, as it allows startups to diversify risks and tap into larger consumer bases. The forum also addressed challenges such as regulatory hurdles and cultural differences, which remain barriers to seamless expansion. (businessday.ng)
