">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Monday, January 25, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

iHub to launch a $40m African Innovation Fund to invest in African startups

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Business, Startups, Tech
7 min read
0

The iHub is set to launch an Innovation Fund to engage, support and promote the best entrepreneurs across Africa. The fund will initially start by seeking $10m for the Nairobi iHub pilot, but grow to $40m over time targeting other countries as well.

The fund will be managed outside of the iHub, but key iHub personnel will be engaged to manage the investment pipeline.

According to Dr Kamal Bhattacharya, iHub CEO, “The role of the iHub going forward is to become the best African support system for ICT focused tech entrepreneurs and individuals who aspire to create great companies that tackle some of our biggest challenges.”

The iHub will initially start by seeking $10m for the Nairobi iHub pilot, but grow to $40m over time targeting other countries as well. The fund will be managed outside of the iHub, but key iHub personnel will be engaged to manage the investment pipeline. We believe that the stature and potential of the iHub is a terrific opportunity for investors to work with us and make leap-frogging real.

The fund is part of  iHub’s three product lines: Entrepreneurship Journey, Innovation Journey and Investment instruments. In a significant change from the current free for all model, the organisation will introduce several membership tiers, starting as low as $60/month.

The Entrepreneurship Journey is a product line offering services such as incubation, program facilitation and the iHub Academy, a new product focusing on locally relevant technical training. The goal is, in collaboration with its global and local partners, to master the art of creating the right kind of services that address the unique challenges in the East African market.

READ  Nomanini Launches in Mozambique to Power Transactions for the Unbanked

The Innovation Journey product line will support public and private sector to get closer in practical ways to the iHub constituency. This will include corporate co-location at the iHub, where private sector players are invited to sit at the iHub and work with the iHub team and startups to innovation engagements. The iHub will offer a spectrum of services, such as design thinking and market testing that are crucial to innovation, bringing closer those who want to innovate with those who already are innovating.

Related posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Toshiba

Chrome Now Helps You Change Weak Passwords

January 23, 2021
0

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021
0

iHub will also continue to offer incubation services, but now under the iHub brandfer engagement workshops to help our clients think through their problems and come up with solutions that make sense. We will engage our constituency as well as organizations outside the iHub to facilitate Design Thinking engagements to corporates and governments. This product will subsume our UX Research organization into the iHub brand.

The iHub will also do Market Research, software development services, provide alpha-testing and offer startups and corporates from other parts of the world in-depth engagement by hosting members of their teams with us for a while, rather than or prior to setting up their own innovation centers.

Membership plans

 

READ  Engaging Your Audience | A Brief Guide to Client Interaction
Membership What’s included Price
One day Shared desk space $10
Floating Five Shared desk space for 5 days $50
Shared Desk Shared desk space for 1 month $150
Dedicated Desk Dedicated workspace $200 (includes 5h small meeting room and 1h board room)
Small Office Hosts 4-6 people/per month $700 (includes 8h large meeting room and 3h board room)
Large Office Hosts 6-9 people/per month $1200 (includes 8h large meeting room and 5h board room)
Small Event Space Host 30 people $60/hr and $600/day
Large Event Space Hosts 60 people $100/hr and $1000/day

 

 

 

Readers 2,690

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: STARTUPstartups
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Toshiba
Tech

Chrome Now Helps You Change Weak Passwords

January 23, 2021
0
Tech

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021
0
Tech

What Software Developers Need to Know About Burnout

January 22, 2021
0
Tech

Which is Better, Leasing or Purchasing Farm Equipment?

January 22, 2021
0
Tech

Three Kenyan teams excel at the Huawei ICT Competition Global Finals

January 22, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
Toshiba

Chrome Now Helps You Change Weak Passwords

January 23, 2021
Toshiba

Shoppable Ad Formats Are Coming Soon To Youtube

January 23, 2021

Hero MotoCorp Surpasses the Monumental 100M Cumulative Production Milestone

January 23, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: