If you have a business idea or you’ve just begun your startup, it’s time to get it off the ground by taking advantage of startup incubators in Nigeria. With startup incubators, your entrepreneurship journey would be less stressful, as there are guides, resources and funding available to you.
Here are 5 startup incubators in Nigeria you should try out:
Co-creation Hub (CcHub) is Nigeria’s first open living lab, pre-incubation and incubation space designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place. The Hub act as a cushy nest designed to accelerate the successful development of social tech ventures through an array of business support resources and services, developed and orchestrated by the hub management and offered both in the space and through their network of partners.
CcHub has mentored a number of startups which have grown to be really successful. Some of them include Vacant Boards, Wecyclers, 500Shops, and Traclist.
Wennovation Hub offers 5 distinct services to both new and experienced entrepreneurs. Through the organisation, individuals gain access to full office support, as well as technical and business mentors. Wennovation Hub also provides funding, strategy advice, and business consulting services.
Its alumni include startups such as Yarnable, e-Pump, and HutBay.
The Information Technology Developers Entrepreneurship Accelerator (iDEA) Hub provides individuals with training in software development and focuses on developing critical business skills. When an entrepreneur has been accepted into the program, he or she receives a physical workspace, as well as access to shared technical facilities and capital to make their dreams a reality.
iDEA Hub currently operates in Lagos and Calabar, and has incubated over 50 startups.
Since its inception, Spark has raised millions of dollars to support a portfolio consisting of 12 startups. The incubator offers investments ranging $50,000 to $150,000 and has a track record of helping underdog startups come out on top. For example, SPARK supported, which has secured a significant portion of the market share, despite having a more established competitor that had secured more funding.
Some of the other startups incubated by Spark include , a hotel booking startup; , a home rentals classifieds; and , a fashion eCommerce startup.
440 was borne from a partnership between 88mph and L5Lab, and they focus on investing $1.5 million intoearly stage tech startups in Nigeria. The 440.ng program consists of 12 weeks of guided product development and customer acquisition support, as well as hands-on training and mentorship. One of the major focuses of the program is the development of market strategies for maintaining the viability of a company.
The program has provided support for a number of notable companies in its first round of investments, including Gingerbox and FuelVoucher.
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