Facebook to launch Business incubation hubs, "ng-hub" in Nigeria early next year
Popular social media platform, Facebook, has disclosed that over 22 million Nigerians now use its space every month, with 87 percent of small and medium enterprises (SMEs) utilizing it for digital skills and more.
This was disclosed recently by the public policy director, Facebook Africa, Ebele Okobi, during the launch of its Nigerian initiative to reinforce its commitment and investment in the country, and across the continent.
According to her, Facebook’s mission was to give people the power to build community and bring the world closer together. And this demonstrates that the power of digital skills to aid economic growth and development has never been more important.
“Our investments and commitments announced in Lagos today further reflect our intent to partner with Nigeria’s policymakers and its vibrant tech and entrepreneurial eco-system to create economic opportunity and independence in Nigeria and across Africa,” she said.
Okobi disclosed that Facebook plans to launch a hub initiative early next year.
“Facebook believes that, for it to be relevant and people to be connected, everyone needs to collaborate to actualize a closer community. Facebook’s vision of fostering a close community would result in the hub training over 50,000 people across Nigeria in Abuja, Port Harcourt, Kaduna, and Lagos,” she said.
The multi-faceted creative hub would be In partnership with CC Hub, and it is expected to connect and bring together developers, start-ups and the wider community to collaborate, learn and share ideas. The “ng-hub” will also host a start-up incubator programme, as well as bespoke training, guest speakers and a dedicated event space, with an intent of attracting the best talent and driving innovation in Nigeria’s tech ecosystem.
Also, head of platform partnerships, Middle East and Africa, Emeka Afigbo, said, “Nigeria is producing a new generation of exciting start-ups that have incredible potential.
“We understand the important role Facebook plays here in Nigeria with developers and start-ups and are invested in helping these communities build for the next billion,” he said.
What is a business incubation hub, you may like to ask?
A quick and simple answer is that a business incubation hub is a place where new and startup companies are helped to develop by providing services such as management training or office space. This is usually managed by a business incubator, which is a company like CCHuB that specializes in doing this. You can as well see them as a catalyst tools for either regional or national economic development.
According to Diogenes Business Incubator, University of Cyprus, "Business incubation is a unique and highly flexible combination of business development processes, infrastructure and people designed to nurture new and small businesses by helping them to survive and grow through the difficult and vulnerable early stages of development."
Business incubation provides SMEs and start-ups with the nurturing environment needed to develop and grow their businesses, offering everything from virtual support, rent-a-desk through to state of the art laboratories and everything in between. They provide direct access to hands-on intensive business support, access to finance and experts and to other entrepreneurs and suppliers to really make businesses and entrepreneurs to grow.
Business incubation provides a nurturing, instructive and supportive environment for entrepreneurs during the critical stages of starting up a new business. The goal of incubators is to increase the chance that a start-up will succeed, and shorten the time and reduce the cost of establishing and growing its business. If successful, business incubators can help to nurture the companies that will form the true creators of a region’s or nation’s future wealth and employment.
in addition, Incubators serve as a launching pad for young and small businesses. Start-ups, which are innately dynamic entities, need access to support, and incubators are a means of providing this.
A quick and simple answer is that a business incubation hub is a place where new and startup companies are helped to develop by providing services such as management training or office space. This is usually managed by a business incubator, which is a company like CCHuB that specializes in doing this. You can as well see them as a catalyst tools for either regional or national economic development.
According to Diogenes Business Incubator, University of Cyprus, "Business incubation is a unique and highly flexible combination of business development processes, infrastructure and people designed to nurture new and small businesses by helping them to survive and grow through the difficult and vulnerable early stages of development."
Business incubation provides SMEs and start-ups with the nurturing environment needed to develop and grow their businesses, offering everything from virtual support, rent-a-desk through to state of the art laboratories and everything in between. They provide direct access to hands-on intensive business support, access to finance and experts and to other entrepreneurs and suppliers to really make businesses and entrepreneurs to grow.
Business incubation provides a nurturing, instructive and supportive environment for entrepreneurs during the critical stages of starting up a new business. The goal of incubators is to increase the chance that a start-up will succeed, and shorten the time and reduce the cost of establishing and growing its business. If successful, business incubators can help to nurture the companies that will form the true creators of a region’s or nation’s future wealth and employment.
in addition, Incubators serve as a launching pad for young and small businesses. Start-ups, which are innately dynamic entities, need access to support, and incubators are a means of providing this.
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