Co-creation Hub (CcHUB) Nigeria has announced the launch of the N1 billion “CcHUB Growth Capital” and a complementary website to support startups in the Nigerian technology space.
The “CcHUB Growth Capital” is a platform designed to invest N1 billion to support “next generation infrastructure” technology builders in Nigeria over the next two years, according to the organisation.
The Growth Capital will fund and support entrepreneurs using technology to create the infrastructure for tomorrow, CcHUB says.
Entrepreneurs with innovative technology products that make public services smarter and connect them to more Nigerians can visit www.gc.fund.
The “CcHUB Growth Capital” is an initiative of Co-creation Hub (CcHUB), Bank of Industry (BoI), Venture Garden Group (VGG) and Omidyar Network (ON).
Speaking at the launch of Growth Capital last year, Rasheed Olaoluwa, Managing Director, Bank of Industry, said “If Africa will catch on with the rest of the world in terms of development, we must leverage on technology.”