The Lagos State Employment Trust Fund has announced “Lagos Innovates”, a series of programmes designed for the benefit of technology and innovation-driven startups in Lagos State.
The LSETF said in a statement on Tuesday that the Lagos Innovates was hoping to make Lagos’ position as the leading destination for startups in Africa, by providing access to better infrastructure, learning, capital and networks.
At the beginning of the third quarter for the year, Lagos Innovates which is a sub brand of Lagos State Employment Trust Fund announces EduPoint Limited as a beneficiary of the programme benefits, EduPoint which is a peer to peer online platform that connect learners to professional teachers to learn anything, anywhere and anytime to increase leaning performance and also create employment for unemployed graduates who are tutors of the platform.
The entire team of EduPoint Limited are deeply grateful for the supports and kind gestures towards the efforts Lagos State Government has taken to enable startup businesses.
“Recognizing that collaboration and network-building are key to meaningful innovation and creativity, Lagos Innovates has launched three programmes that are designed to deliver value through Lagos’ numerous co-working facilities.”
According to the Fund, in the first half of 2018, additional programmes will follow, including a scale-up accelerator programme, a co-investment scheme and a second, learning-focused, voucher scheme.
The Executive Secretary, LSETF, Akintunde Oyebode, was quoted as saying, “Lagos has perhaps the most exciting startup ecosystem of any city in Africa. The investment case is clear, and driven primarily by the size of the market and accessibility as an entry point for Nigeria and a springboard for the rest of West Africa.
“If we get our model for innovation-driven enterprises right, Lagos State has the potential to exponentially increase opportunities and jobs for its residents in the medium- to long-term. This is the right government to execute on Lagos Innovates and the broader vision of a thriving startup ecosystem. Through Lagos Innovates, Governor Akinwumi Ambode is delivering on his January 2017 promise to support this community in smart ways.”
“It’s exciting to see the Lagos State Government show support for the startup community in this way. There’s always more that could be done, but these are a thoughtful set of programs. I am excited to serve on the advisory council for Lagos Innovates and look forward to working with the LSETF to ensure that over time, we can point to real outcomes from these programmes.”