Tag: Lagos Innovates

  • Lagos Innovates begins 10th Idea Hub mentorship program, onboards 23 innovators

    Lagos Innovates begins 10th Idea Hub mentorship program, onboards 23 innovators

    Lagos Innovates has onboarded 23 innovators to commence the 10th edition of its Idea Hub program. The 8-week incubation program began with the orientation ceremony held on Thursday, 19th September, at Yaba, Lagos. These startups were chosen from a pool of 103 applicants.

    During the hybrid event, some mentors shared insights with the participants to prepare them for the upcoming sessions.

    The program will comprise physical and virtual sessions for more inclusive participation and networking and foster collaborations that can birth more transformative, sustainable, and innovative solutions in Lagos state and the world.

    Read also: Lagos Innovates launches incubation boot camp, onboarding 23 innovators

    With relevant skills, networking opportunities, mentorship, and expert masterclass sessions from seasoned industry experts, its 8-week Idea Hub Program supports early-stage tech-enabled ventures to develop a minimum viable product to create a competitive and long-lasting brand.

    Lagos Innovates is an initiative of the Lagos State Employment Trust Fund (LSETF) that offers a collection of programs designed to support technology—and innovation-driven startups in Lagos State.

    It provides a selection of tech-focused programs designed for individuals and entrepreneurs who want to use technology to benefit society. The LSETF has taken a bold and deliberate step to foster innovation, fortify the talent and finance pipeline for tech startups, and facilitate the development of Lagos State’s ecosystem.

    What to anticipate at the Lagos Innovates Idea Hub program

    The program seeks to facilitate the expansion and prosperity of the ecosystem by giving tech enthusiasts, creators, and businesses the resources and assistance they require to succeed. Lagos Innovates aims to establish Lagos as a critical startup location and represents the community’s overall objective.

    The Idea Hub program, which runs from September 19 to November 6, 2024, will include eight masterclasses where participants will learn about various subjects.

    There will be mentorship sessions where participants can meet with their assigned mentors for one hour each week. The sessions will also include a “journey series” where participants can have private meetings with well-known founders to gain insight into their entrepreneurial journeys and a pre-pitch session to identify the top five to ten startups that will pitch on Pitch Day.

    Alumni testimonials

    Participants of previous cohorts shared their experiences during the orientation, highlighting its impact on their businesses.

    “I have had an excellent time learning from top industry experts’ knowledge and wealth of experience. The classes were interactive and well-organised. I look forward to growing my business and being an exemplary entrepreneur to aspiring entrepreneurs”, said Michael Sunmoni, founder of Health Impulse Technologies.

    Read also: Apply for Lagos Innovates free Workspace Voucher to boost your tech startup journey

    Another beneficiary, Isioma Abojei-Onuoma, founder of Accel Skills Hub, said, “The Idea Hub sessions were very insightful and educational. Due to these sessions, I returned to the drawing board, reevaluating and restructuring my goals and business model to ensure effective and efficient business optimisation.”

    “The masterclasses were wonderful and insightful. I was also paired with a good mentor with whom I had a good session. I had deliverables set by him for me, and I always couldn’t wait for further brainstorming calls with him. My experience is fantastic.” affirmed Eniola Oladipo, Pitcherd People.

    Since 2018, Lagos Innovates has helped 215 businesses, and those startups have successfully raised funds both domestically and internationally.

  • Apply for Lagos Innovates free Workspace Voucher to boost your tech startup journey 

    Apply for Lagos Innovates free Workspace Voucher to boost your tech startup journey 

    Early-stage tech startups in Lagos have a unique opportunity to accelerate their growth through the Lagos Innovates Workspace Voucher programme, which is now open for applications.

    This initiative is designed to support promising startups by providing access to state-of-the-art workspaces at significantly reduced costs, enabling founders to focus on innovation and business development without the burden of high rental expenses.

    Read also: Lagos State Government launches LAG-UP to empower youths with tech skills

    State-of-the-art Workspaces for Early-Stage Startups

    The Workspace Voucher Programme offers eligible startups discounts of 30% to 75% on membership costs at any of Lagos Innovates’ Partner Hubs for 3 to 12 months. This initiative targets startups in the ideation phase or those with very early revenue, providing them a conducive environment to grow and thrive.

    The program allows startups to access top-notch facilities and equipment, collaborative workspaces that foster innovation, and valuable networking opportunities within Lagos’ vibrant startup ecosystem. These benefits are tailored to ensure that founders can focus on building their ventures without the financial strain often accompanying early-stage entrepreneurship.

    Competitive and Merit-Based Allocation

    The application process is competitive and merit-based, ensuring that the vouchers are awarded to the most promising startups. Eligible ventures are those that have not yet been incorporated or have been incorporated for less than a year, have a small team of co-founders without paid staff, and generate less than one million naira in monthly revenue. Additionally, startups without third-party capital, such as grants or equity, are encouraged to apply.

    Startups that meet these criteria and are ready to take their ventures to the next level are urged to apply for this transformative opportunity. The Workspace Voucher Programme reduces the cost of accessing high-quality infrastructure and positions startups to scale their businesses effectively.

    The Lagos Innovates Workspace Voucher Programme is an exceptional opportunity for early-stage startups to secure a foothold in Lagos’ burgeoning tech ecosystem. This initiative empowers tech founders to concentrate on what truly matters—building successful, innovative businesses by alleviating the costs associated with workspace rentals.

    Read also: Tekedia Capital invests in Edtech startup Quizac, revitalizing its gamified learning platform

    Applications are currently open, and interested startups are encouraged to apply to secure their place in one of Lagos Innovates’ Partner Hubs. Visit lagosinnovates.grantplatform.com to apply and learn more about how the Workspace Voucher Programme can support your startup journey.

    About Lagos Innovates

    Lagos Innovates is an initiative by the Lagos State Employment Trust Fund (LSETF) designed to support the growth of the state’s technology ecosystem. It provides tech enthusiasts, founders, and startups with access to essential resources and support.

    Through various tech-focused programs, Lagos Innovates aims to foster innovation, strengthen the tech talent and funding pipeline, and position Lagos as a leading startup hub in Africa. It is the first in sub-Saharan Africa, with a long-term goal of driving tech-driven entrepreneurship.