CcHUB Incubation Program 2018

Gear up for Growth

Details

Mar 16
Mar 16, 2018 - Mar 16, 2019
Co-creation Hub Innovation Hub
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Lagos, Nigeria
Retail and wholesale, Agribusiness, Automotive, Banking, Clean technology, Computer hardware, Computer software, Construction, Creative, media and entertainment, Diversified services, E-commerce, Education, Electronics, Financial services, Food and beverage, Healthcare, Insurance, Internet, Leisure and travel, Manufacturing, Mobile, Real estate, Renewable energy, Telecom, Transport and logistics, Utilities, Waste management and recycling, Water, sanitation and hygiene

Duration
The new incubation program will now run for a fixed duration of 12 months, as opposed to 18+ months. A new program plan has been designed to be more intentional about the support we give to startups with a core focus on enabling startups to gain more traction and access funding post-incubation.

Funding
In addition to equity investment of up to $25,000 that startups receive during the program, our startups will get direct access to possible follow-on capital of up to $250,000 from the Growth Capital fund by CcHUB.

Support
Entrepreneurs will get hands-on support from the different practices in CcHUB to help with business strategy, financial management, digital security and recruitment. In addition, a newly created product development unit will be available to support the technical lead/team of the different startups.

Growth and Distrubution
There will be an emphasis on growth and distribution as we have identified how challenging it can be for startups to reach their customers quickly and effectively. This will involve one-on-one sessions with experts in sales, marketing, and distribution, as well as marketing opportunities via partnerships with media platforms, companies and personalities.

Network
Over the years, CcHub has built a network of corporate partners across the globe. Startups accepted into the program would have access to this network of partners which include several benefits such as $15,000 in credit from Amazon Web Services

Other benefits of the program include: free workspace for up to 6 team members, meeting rooms and high speed internet.

We would invest in and support the startups that are accepted into the program in return for 7% of the company’s equity.

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