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cchub Nigeria

 

 

Over the years following the Technology Trends in Nigeria,of key interest has been the constant development of the Nigeria Startup Ecosystem.So it becomes an exciting news when certain progresses are being made,as we receive this great news that Co-Creation Hub Nigeria(CcHub) is boosting her incubation program with the launch of a $500,000 seed investment fund to support early stage start-ups over the next two years. Start-ups will receive sums ranging from $10,000 -$25,000 to support business model experimentation and operations.  The announcement comes on the occasion of first anniversary of its incubation office which amongst other services provides entrepreneurs with mentorship, user testing, access to markets,office space and administration.

The initial beneficiaries of the seed investment went through CcHUB’sPre-Incubation program which identifies and supports aspiring technology entrepreneurs looking to address local market problems with relevant solutions. Through the $90,000 Tony Elumelu Foundation/CcHUB pre-seed fund,beneficiaries started out with a grant award of $5,000 each to support their ideas, build working prototypes, carry out initial market testing & proof their concepts. These ideas grew steadily, earning revenues,increasing their user bases and building partnerships hence needing a different kind of support.

Bosun Tijani, CEO & Co-founder of CcHUB

Bosun Tijani, CEO & Co-founder of CcHUB

‘CcHUB incubation office launched in response to the need to provide business development, mentoring and funding support to start-ups that showed traction from our impactful Pre-incubation program. Our seed investment ensures startups have a sure footing post-Preincubation to concentrate on rapidly executing their plans and learning from the market’says ‘Bosun Tijani, CEO & Co-founder of CcHUB.

‘Discussions are already underway with investors to provide additional funding to two (2) of our initial beneficiaries and we hope to break the news in the coming months’ remarked Tunji Eleso, Director of Incubation. We welcome startups looking to transform the way Nigerians live, play and do business to apply to join our portfolio .he further stated.

Vacantboards ,Truppr  Traclist  .500 shops  and,Genii games  have all benefited from such funds in the past.

For sure i know this amount of money is not much when you compare to developed countries but I can tell that this will have great impact in the startups that will benefit from this.Nice one guys!

 

 

Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at)techtrendsng.com) Facebook:www.facebook.com/Kenneth.omeruo On Twitter:www.twitter.com/kennethomeruo Skpe:Kenneth.Omeruo

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