Lagos - Incubators

Incubator

The Tony Elumelu Foundation

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and increasing women economic empowerment. Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent. The Foundation’s ability to fund, train, mentor, and network young African entrepreneurs, has created a unique platform for catalysing growth across the African continent. The robust ability of the Foundation to reach entrepreneurs across geographies and sectors, has enabled it to conduct innovative partnerships with the European Union,United Nations Development Programme, the International Committee of the Red Cross, the United States Government via the United States African Development Foundation (USADF), The Organisation of African, Caribbean and Pacific States (OACPS), The French Development Agency (AFD), The German Development Finance Institution (DEG), The German Agency for International Cooperation (GIZ), The African Development Bank (AfDB), and Google, with bespoke programmes including targeting female empowerment and growth in fragile states.

Incubator

8thGear Hub

We firmly believe in creating enterprises with a sustainable business strategy at our venture studio. At the beginning of the business and throughout its existence, we place a high priority on speaking with potential clients. Years of failing fast and failing forward to create thriving businesses have helped us identify the conditions required to increase the chances of an idea thriving. Our in-house team of experts is on standby ready to turn ideas into viable businesses. - Concept Validation - Market Research - Product Management - Go-To-Market - Visual & UX Design - Engineering - Business Analytics - Company Formation - Finance - Operations - Legal & HR - Recruiting How We Do It A business's development is not a simple stroll in the park; it requires a great deal of grit, guts, and resources. It is a voyage that should not be attempted alone. That is why our team of professionals, who have traveled this path before, has devised a mechanism that works effectively to help ideas scale. 01 - Ideation The idea could be ours or it could be yours. When we come across a problem that we think is intriguing and significant, we dive right in, looking for long-term solutions. The idea could have come from us or from somebody else. However, when we sense a huge potential, we immediately get to work. 02 - Validation Speaking with potential customers from the beginning to confirm assumptions. To confirm that the problem is actually a problem for the identified customer segment and to learn how they want it solved, assumptions are tested and validated by regularly engaging with potential customers. 03 - Creation Fail fast Fail forward We don't spend decades perfecting an MVP; we deploy as soon as possible. Taking real-time market lessons and making adjustments on the go. We will keep working on the idea, refining and adjusting it constantly while keeping the customers at the heart of our decisions. 04 - Spinout We spin out once proof of concept is achieved. Once we have a small group of raving fans who are willing to pay and spread the word through referrals. It is past time to turn these concepts into stand-alone enterprises. Our in-house legal, branding, and human resources experts get to work right away, spinning them off as distinct firms with a strong commercial framework. 05 - Scaleup Scale the Fundamentals We allow founders focus on the core of their value offerings. Ensuring that as these businesses grow and scale the team does not lose sight of the fundamentals while we make sure everyother part of the business is working as it should

Incubator

Andela

Andela is a network of technologists committed to your success. We connect companies and global talent to create high-performing technology teams. Andela was created with one thing in mind; Brilliance is evenly distributed, but opportunity isn’t. Our platform bridges that gap. We specialize in helping our highly-skilled, global technology talent community in emerging markets, connect with hundreds of leading companies like InVision, Cloudflare, and ViacomCBS who leverage Andela to scale their technology teams quickly and cost-effectively.

Incubator

Passion Incubator

Passion Incubator is a technology incubator/accelerator with expertise in innovation program design and tech investments. We collaborate with corporate organizations, government agencies, embassies and universities to design, manage and implement startup programs. Our long-term goal is to be the most prolific supporter of impactful innovation development, startup incubation and seed stage investment. We aim to increase the number of partnerships between corporates and startups by creating platforms for innovators and business owners to connect and exchange value.

Incubator

Venture Garden Group

Venture Garden Group is Africa’s largest technology holding conglomerate, building and scaling innovative companies solving inefficiencies in high impact sectors across Africa. We scale companies by injecting capital, technology platforms and business advisory services, to drive sustained growth. We incubate and invest in technology companies. We provide the resources needed to create great products and enable them to scale faster than ever before. We are the masters of scale.