They are the beds on which the new generation of tech and allied businesses are built. Engine rooms that incubate ideas across Africa and births startups spurred on by the need to provide solutions to problems in the native environments. These hubs in fact encourage and welcome new ideas from youngsters which have the capacity to scale and potential to become income generating ventures. Along with funding, these innovators are empowered with business management and necessary skills needed to grow viable business entities. It’s the incubation hub generation. We present to you, our 2015 listing of top incubation hubs across Africa.
NewGenAngels: NewGenAngels (www.newgenagels.com) is a members-only investment club for high liquid professionals and sophisticated angels, ultra high-net-worth individuals, venture capital firms, family offices, and angel networks with an interest in Africa. Its model relies heavily upon syndication of skills and funding from members of the African Diaspora and friends of Africa. It also syndicates deals alongside the strongest investors in the local markets.
CapitalSquare:CapitalSquare (www.capitalsqua.re) is a membership based co-working space in Lekki, Lagos. Provides an environment for professionals to work, collaborate and learn from each other. Its aim is to create a workspace that is work-friendly, pocket-friendly and people-friendly.
Lagos Angel Network: The Lagos Angel Network (LAN) www.lagosangelnetwork.com is a not for profit entity set up for the purpose of organizing seed funders (Business Angels) to invest in start-up businesses. LAN is an association of committed members that provide early stage seed funding and mentoring for start-up entrepreneurs.
AfriLabs: As a network organization, AfriLabs (www.afrilabs.com) builds on a common vision to promote the growth and development of the African technology sector. Members of AfriLabs hubs have already come together successfully in their bid to implement the U.S. Department of State sponsored contest Apps4Africa.
AfriLabs members have also worked to establish the Hive Colab as Kampala’s leading open collaboration space and successfully tendered to host the infoDev-sponsored mobile apps lab in East Africa. AfriLabs by virtue of its on-the-ground engagement , local ownership is uniquely positioned as a catalyst sector.
CcHub:Co-Creation HUB (www.cchubnigeria..com) is said to be Nigeria’s first open living lab and pre-incubation space designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place. The HUB is a place for technologists, social entrepreneurs, government, tech companies, impact investors and hackers in and around Lagos to co-create new solutions to the many social problems in Nigeria.
Passion Incubator: www.passionincubator.ng Passion Incubator is an early stage accelerator that provides innovative entrepreneurs with the most critical resources needed to launch lean startups, grow quickly, and institutionalize their success. Each year Passion Incubator will accept a small number of outstanding founder teams into its accelerator class.
Lead Path: Leadpath Nigeria (www.leadpath.com.ng) is a seed capital fund that specializes in providing short, medium and long term funding to small and medium sized start-up businesses in high growth technology areas such as software, web and mobile technologies. Leadpath focuses on technology startups dealing in software applications, mobile applications, electronic payments and big-data. Average investment ranges from $25,000 to $100,000 for seed investment and several millions of dollars for follow-on funding series.
Wennovation Hub: Wennovation Hub (www.wennovationhub.com) is a startup accelerator and entrepreneur training program based in Nigeria that builds high-potential entrepreneurs.
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