Early-stage tech startups in Lagos have a unique opportunity to accelerate their growth through the Lagos Innovates Workspace Voucher programme, which is now open for applications.
This initiative is designed to support promising startups by providing access to state-of-the-art workspaces at significantly reduced costs, enabling founders to focus on innovation and business development without the burden of high rental expenses.
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State-of-the-art Workspaces for Early-Stage Startups
The Workspace Voucher Programme offers eligible startups discounts of 30% to 75% on membership costs at any of Lagos Innovates’ Partner Hubs for 3 to 12 months. This initiative targets startups in the ideation phase or those with very early revenue, providing them a conducive environment to grow and thrive.
The program allows startups to access top-notch facilities and equipment, collaborative workspaces that foster innovation, and valuable networking opportunities within Lagos’ vibrant startup ecosystem. These benefits are tailored to ensure that founders can focus on building their ventures without the financial strain often accompanying early-stage entrepreneurship.
Competitive and Merit-Based Allocation
The application process is competitive and merit-based, ensuring that the vouchers are awarded to the most promising startups. Eligible ventures are those that have not yet been incorporated or have been incorporated for less than a year, have a small team of co-founders without paid staff, and generate less than one million naira in monthly revenue. Additionally, startups without third-party capital, such as grants or equity, are encouraged to apply.
Startups that meet these criteria and are ready to take their ventures to the next level are urged to apply for this transformative opportunity. The Workspace Voucher Programme reduces the cost of accessing high-quality infrastructure and positions startups to scale their businesses effectively.
The Lagos Innovates Workspace Voucher Programme is an exceptional opportunity for early-stage startups to secure a foothold in Lagos’ burgeoning tech ecosystem. This initiative empowers tech founders to concentrate on what truly matters—building successful, innovative businesses by alleviating the costs associated with workspace rentals.
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Applications are currently open, and interested startups are encouraged to apply to secure their place in one of Lagos Innovates’ Partner Hubs. Visit lagosinnovates.grantplatform.com to apply and learn more about how the Workspace Voucher Programme can support your startup journey.
About Lagos Innovates
Lagos Innovates is an initiative by the Lagos State Employment Trust Fund (LSETF) designed to support the growth of the state’s technology ecosystem. It provides tech enthusiasts, founders, and startups with access to essential resources and support.
Through various tech-focused programs, Lagos Innovates aims to foster innovation, strengthen the tech talent and funding pipeline, and position Lagos as a leading startup hub in Africa. It is the first in sub-Saharan Africa, with a long-term goal of driving tech-driven entrepreneurship.