Co-Creation Hub

Co-Creation Hub
Co-Creation Hub Nigeria
Private
Industry Information technology
Founded August 2011 (2011-08) in Yaba, Lagos State, Nigeria
Founders
  • Bosun Tijani
  • Femi Longe
Headquarters Yaba, Lagos State, Nigeria
Key people
  • Bosun Tijani
    (CEO)
  • Femi Longe
    (Director of Programmes, Open Living Labs)
  • Tunji Eleso
    (Managing Partner, Growth Capital by CcHUB)
Website cchubnigeria.com

Co-Creation Hub, commonly referred to as Cc-HUB or the HUB, is a technology-oriented centre located in Yaba, Lagos State, Nigeria. Founded in 2010 by Bosun Tijani and Femi Longe as Nigeria's first open living lab and pre-incubation space, it provides a platform where technology-oriented people share ideas to solving social problems in Nigeria.[1][2]

Cc-HUB received massive acclaim for hosting Facebook founder, Mark Zuckerberg, during his visit to Nigeria on August 30, 2016.[3][4]

History

Co-Creation Hub was founded in October 2010 by Bosun Tijani and Femi Longe. It officially opened in September 2011 as a social innovation centre at 294, Herbert Macaulay, Yaba, serving as an open living lab dedicated to accelerating the application of social capital and technology for economic prosperity. Its methodology is said to be hinged on engaging a community of progressive stakeholders (end-users, subject matter experts, government agencies, businesses, academics, civil societies etc.) who bring their creativity and knowledge to play in co-creating solutions to social challenges faced by the average Nigerian.

At the CcHub, innovations by entrepreneurs are supported through advice, mentorship and funding through the pre-incubation and research unit. The CcHub happens to be one of the few financially sustainable innovation hubs in Africa and is the home to over 50 Nigerian startups, such as BudgIT, Wecyclers, Truppr, Genii Games, Lifebank, GoMyWay, Vacantboards, Traclist, Autobox, Stutern, Grit Systems and Mamalette.[5][6]

Growth Capital by CcHub

In December 2015, Tijani announced[7] the launch of Growth Capital[8] in partnership with Bank of Industry (BoI), Venture Garden Group (VGG) and Omidyar Network (ON). It is an investment arm that is set to invest 1billion Naira in social tech ventures who are building technologies that make public services smarter while connecting them to citizens and/or smart technologies linking multiple public services together to make them more accessible to citizens.[9]

GC's Managing Partner, Tunji Eleso, in an interview[10] with Tech Crunch, stated that after supporting startups from ideation, pre-incubation to incubation for five (5) years, it became imperative to take a step forward by supporting those are maturing but still require support. The fund proffered by Growth Capital by CcHUB is meant to support entrepreneurs who are building infrastructure for Nigeria’s future. "Specifically, we are looking at products/services/technology tools that would make public services smarter and at the same time connect more citizens of Nigeria to those services", Eleso added.

According to Bosun Tijani, "Growth Capital by CcHUB started as a dream back in 2010. I still remember the first time I shared the vision with Tunji Eleso and how we ended up crafting a smaller scheme to help build our pipeline and credibility while testing the social entrepreneurship model".[11]

GC started receiving applications in January 2016 and is set to 'support next generation infrastructure technology builders in Nigeria' between 2016 and 2018.

References

  1. ↑ Errol Barnett (22 March 2013). "Tech hub working on 'Nigeria's next big idea'". CNN. Retrieved 6 September 2016.
  2. ↑ Ndianabasi Udonkang. "Co-Creation Hub (CCHub) - Transforming Ideas to Products or Solutions". novoed.com. Retrieved 6 September 2016.
  3. ↑ "Zuckerberg's visit to Nigeria provides much-needed economic push". Headlines & Global News. 1 September 2016. Retrieved 6 September 2016.
  4. ↑ Jake Bright (31 August 2016). "Mark Zuckerberg meets with African tech leaders on Nigerian tour". Tech Crunch. Retrieved 6 September 2016.
  5. ↑ Yomi Kazeem (15 December 2015). "Nigerian incubator Co-Creation Hub has launched a $5 million investment fund". Quartz Africa. Retrieved 6 September 2016.
  6. ↑ Ife Adedapo (8 February 2016). "Our platform focuses on expectant mothers –Lawal". Punch Nigeria. Retrieved 10 September 2016.
  7. ↑ 'Bosun Tijani (12 December 2015). "Growth Capital by CcHUB – a new beginning!". Bosun Tijani. Retrieved 8 September 2016.
  8. ↑ "GC by CCHub's Website". 1 September 2016. Retrieved 7 September 2016.
  9. ↑ 'Paul Adepoju (19 January 2016). "N1BN CCHUB GROWTH CAPITAL OFFICIALLY LAUNCHED". Innovation Nigeria. Retrieved 8 September 2016.
  10. ↑ Victor Ekwealor (19 January 2016). "Everything You Need to Know About the CcHub's ₦1b Growth Capital Fund". Retrieved 8 September 2016.
  11. ↑ Yomi Kazeem (15 December 2015). "Nigerian incubator Co-Creation Hub has launched a $5 million investment fund". Quartz Africa. Retrieved 6 September 2016.

External links

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