CcHUB supports 50 tech startups, begins incubation programme
Co-creation Hub Nigeria (CcHUB ), has provided various supports from financial to technical for about 50 Information and Communications Technology (ICT) start – ups in the last seven years.
According to the Director , Incubation Unit , CcHUB , Damilola Teidi , the platform has supported the growth of a community that is passionate about using technology to solve local problems and transform Nigeria.
Teidi revealed that one way CcHUB has done this has been through the platform’ s incubation programme , where it provides startups with the resources and support they need to grow their businesses into sustainable companies that employ people and solve local problems .
“To date , over 50 startups have enjoyed pour support at various levels through our incubation programme , some of which include Lifebank , BudgIT , WeCyclers, Truppr, Mamalette , Stutern and Genii games.
CcHUB is Nigeria ’ s first open living lab and pre – incubation space designed to be a multi -functional , multi – purpose space where work to catalyse creative social tech ventures take place . The HUB is a place for technologists, social entrepreneurs, government , tech companies, impact investors and hackers.
He further explained that Lifebank , which is the most recent graduate , joined the programme with mostly an idea of the company they wanted to build . “ During their time at the hub , they received funding, business support , expert advice and a conducive working space . Now two years in , Lifebank has moved over 9000 pints of blood , saved over 2000 lives and made over $ 90 , 000 in revenue, and has partnerships with over 160 hospitals . The startup also recently raised $ 200 , 000 in funds. ”
According to him , the CcHUB incubation programme , which opens from first week in April, targets tech startups that have gained some traction , generating revenue, address a clear need / want, and has the potential to scale .
He said the programme runs for 12 months , with a core focus on enabling startups to gain more traction and access funding post- incubation .
With submission deadline fixed for March 16, the benefits expected to come from the incubation programme include providing equity investment of up $ 25, 000 , access to potential investors and possible follow – up capital of up to $ 250 , 000 from the Growth Capital fund by CcHUB; hands – on- support on business strategy , financial management, digital security , product development advisory and human resource management.
Others are emphasis on enabling startups reach their customers quickly and effectively.
Source: The Guardian