We all heard about jason noku who was able to secure funding of over $8 million for iroko tv,iroko music etc.
A lot os startups in kenya and south Africa are receiving funding to start off.
Are there Nigerian funds and venture capital companies willing to invest in start up ideas.

Look for a business idea that doesn't require much investment.

It will be difficult to find

There is no such system in the country I know about.

Well the business model of an internet startup ,you can start one without an investment, but as it grows, you start realising that you need money to expand and cover more areas,especially if you want to take on the world and make much revenue.

Please seun can i contact you privately for a business proposition i have for nairaland on a startup collaboration.
Please send me an email : dutonialmx@gmail.com

Banks and Micro-finance institutions should seriously consider investing in start ups.

Start small and when they see how good it is, they will come looking for you.

I know Jim Ovia Foundation is interested in Android App developers.

ofcourse there are some business that do not require start up capital. U could decide to to sell web hosting. All you need do is collect money from ppl and buy the hosting and domain for them and keep small change. You could decide to get adsense account for people professionsional cos at the moment adsense isn't an easy task to get approved. Another one is being an SEO Manager, helping people do SEO for their site in order to gain organic traffic and make money daily from their site. All these require zero capital to start up. SEO is quite lucrative cos that is what i am into. My clients are happy because they get a steady traffic.. That is my own point of view.