SV Hospitality Innovation Lab Partners CC_Hub to Launch Incubation Hub in Nigeria
There has been a growing trend recently among tech hubs in Nigeria. Most of the emerging hubs are becoming increasingly specialized, looking for innovations for an industry or technology.
SV Hospitality Innovation Lab (SHIL), a recently launched tech incubator in Abuja, is out to support innovators in the hospitality industry.
“We have observed that innovators creating solutions for the hospitality industry in Nigeria typically build in isolation from the hotels and guests who are the end-users of the solution. We want to provide these teams with the access to hotel infrastructure, customers, and other resources needed to build solutions that solve a clear problem for hotels and their guests,” SHIL said.
The hub runs a four-month prototyping programme for startups. Working in partnership with CcHub, SHIL helps innovators develop their ideas and get them market-ready.
SHIL Promises Up to $250,000 Growth Funding
The hub has quite a lot of interesting offerings for hospitality startups. SHIL startups get to work out of the SV Chrome Hotel in the posh Jabi area in Abuja. Funding opportunities also exist, with the hub promising pre-incubation support and possible funding up to $5,000 from CcHUB. Startups also get $3,000 worth of Amazon Web Services (AWS) credits.
Got an Idea or MVP that leverages technology to improve quality of service in hotels and increase their bottom line?
Gain access to TEST & BUILD your solution in a 45-room hotel at SHIL, Nigeria’s first hospitality focused innovation lab.
— Co-Creation Hub (@Cc_HUB) June 25, 2018
Importantly too, startups gain access to premium industry insights from SV Chrome Hotels’ parent company IMPACTO Group. The startups with promising innovations or those gaining traction also get access to CcHub’s funding instruments, ranging from a $25,000 incubation fund to a $250,000 growth capital fund.
However, entry into the SHIL incubator programme is not exactly free. Startups give up 7% equity to SHIL in return for all the benefits listed above.
Applications are currently open to startups interested in joining the SHIL programme. The final startup selection will be concluded on July 7, 2018, while the four-month incubator program begins on July 27, 2018.
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