FATE Institute for Venture Design

FATE Institute for Venture Design is rated 3 out of 5 in the category nonprofit organization management. Read and write reviews about FATE Institute for Venture Design. About IVD FATE Foundation is a not-for-profit organization based in Lagos, Nigeria, that has spent the past 10 years training entrepreneurs and promoting wealth creation. Our mission is to foster wealth creation by promoting business and entrepreneurial development among Nigerian youths. Through our programs, we has trained over 30,000 people of which 65% run successful businesses employing on average 4 people. As a means of scaling its efforts in promoting entrepreneurship, FATE Foundation launched the FATE Institute for Venture Design (IVD) in collaboration with Centre for Design Research, Stanford University. IVD aims to nucleate an innovation ecosystem in Nigeria through the creation of technology ventures and a shared culture of innovation. Mission and Vision Prosperity and Wealth Creation for Nigeria “A Country that does not make, does not sustain” – Mr. Fola Adeola, Mni, OFR According to development economists, economic growth is driven by human capital and innovation. Through the Institute, we are contributing to the increase in human capital by fostering a culture of team-based collaboration, and contributing to innovation by enhancing the processes of invention, adaptation and commercialization to create successful new ventures. Our goal, through IVD is to ultimately accelerate the rate of technology innovation to drive sustainable economic growth in Nigeria.