Sunday, May 17, 2015

Co-Creation Hub to invest over N10m in start-ups.

Nigeria’s first social innovation centre, Co-creation Hub, CcHUB has announced it will invest between $15,000 to $25,000, about N3.3 million to N5.5 million, in seed funding in three tech start-ups.

The ventures include: Grit Systems, Mamalette and Autobox. The deal will also invlove mentoring, business development support and office space to help in their quest to grow their businesses rapidly.

Grit Systems is CcHUB’s first Internet of Things (iOT) venture, while Mamalette is an online community for mothers and mothers-to-be and Autobox is a platform for car owners to buy genuine auto parts and discover all things motoring.

Grit Systems develops web-enabled technology for controlling and gathering data about household and commercial electrical power consumption. Started in 2011 in Yaba Lagos, CcHUB has worked with over fifty early stage ventures through its pre-incubation and incubation programmes including Traclist, Truppr, Wecyclers and Vacantboards. In 2014, CcHUB graduated BudgIT, the first venture in its incubation portfolio.


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