Co-creation Hub Nigeria; a social innovation centre dedicated to accelerating the application of social capital and technology for economic prosperity, boosts its 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.
Initial beneficiaries of the seed program are :
- Vacantboards (www.vacantboards.com) : led by Tunji Also is an online outdoor advertising marketplace which enables one-click booking of outdoor advert spaces & tracking of advert campaigns.
- Truppr (www.truppr.com) founded by Bosun Tijani is a social tool that connects people with physical activities and teammates in cities across the world.
- Traclist (www.traclist.com) run by Emotu Balogun is an online marketplace that helps fashion retailers expose their inventory and allows customers all over Nigeria to buy from wide array of products.
- 500 shops (www.500shops.com) led by Clive Ayonye offers small and medium sized businesses the opportunity to set up a complete online store and accept orders in minutes.
- Genii games (www.geniigames.com) led by Adebayo Adegbembo delivers educative apps aimed at preserving and promoting African Culture and related subjects which include languages, etiquette and ethics.
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.
Startups looking to transform the way Nigerians live, play and do business can also apply to join the portfolio via http://cchubnigeria.com/pre-incubation/