For providing the resources that young founders needed, here are our favorite incubators of the year.
They have provided the space and resources for the developers, founders and startups that are attracting attention and millions of dollars in investment to the growing ecosystem.
We have presented below the biggest incubators of 2016.
1. Co-Creation Hub, Yaba
Founded in 2012 by Bosun Tijani and Femi Longe with funding from the Omidyar network and Indigo Trust, CCHUb was the first incubator in Nigeria.
The open lab was designed to be a multi-functional space where social tech ventures could work together to find solutions to Nigeria’s social problems.
Since inception, it has produced startups like budgIT, traclist, Efiko and Wecyclers. This year, it hosted Facebook founder/CEO Mark Zuckerberg during his tour of Nigerian tech.
2. Ventures Platform
Before this year, there were no incubators in the North. Enter Kola Aina’s Ventures Platform.
VP was created to support tech entrepreneurs through incubation, mentoring programmes and training and is funding innovative enterprises in e-agriculture, e-healthcare, e-government, ICT and creative industries.
In September, YCombinator founder, Michael Siebel visited on a tour of the facility and its talent.
3. iDEA Hub
A product of the government’s foray into the tech space, iDEA Hub was founded in 2013 in Yaba, the heart of Lagos’ tech space.
The hub concentrates on providing members with technical and business skills. Applicants, once accepted get a personal working space, internet access and technical training. While the hub has been influential, it is unusually expensive for a structure meant to empower young startups.
On its site, Jason Njoku’s Spark claims it is not a fund, or an incubator but a company that builds companies. The facts suggest otherwise.
Since its inception, the ‘company’ has provided capacity building and raised millions of dollars to fund a portfolio that includes drinks.ng and ogavenue.
Its biggest success story though is hotels.ng which has gone on to raise 10 million dollars in funding from Dangote Investment Group.
The brainchild of Techsuplex founder, Sanusi Ismaila, CoLab was created to provide opportunities for coders and developers outside Lagos. The hub is Kaduna’s first innovation and co-working space, creating access to resources, mentorship and funding for startups and founders in the North of Nigeria.
CoLab’s creation has awakened us to the presence of a techie community in the North, and we are excited to see what will come out of that space in 2017.