LSETF Lagos Innovates Workspace Voucher Program 2024
Published: 12 Dec 2023
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Lagos Innovates, is a series of programs designed for the benefit of technology- and innovation-driven startups in Lagos State. By providing access to high quality infrastructure, learning, capital and networks, Lagos Innovates hopes to cement Lagos’ position as the leading destination for startups in Africa. With Lagos Innovates, Lagos-resident founders and operators of co-working spaces and innovation hubs will be able to apply for one of its first three programmes: Workspace Vouchers, Hub Loans and Events Sponsorship, through open, merit-based, online applications processes.
LSETF Lagos Innovates Workspace Voucher Program
Benefits of LSETF Lagos Innovates Workspace Voucher Program
- State-of-the-art workspaces tailored to your needs
- Access to top-notch equipment and facilities without the cost burden
- Collaborative setups to ignite team synergy and innovation
- Networking opportunities within the startup ecosystem
Requirements for LSETF Lagos Innovates Workspace Voucher Program
- Your venture stage is anywhere from ideation to very early revenue. This means that it is either not yet incorporated, or was incorporated less than one year from the date of your application for a Workspace Voucher.
- Your team is small and does not include any paid staff. You are a team of co-founders.
- You do not generate monthly revenues of more than one million naira.
- You have never received any third-party capital for your venture; this includes grants, equity or debt.
Selection Process
- Your online application will be judged entirely on its merits, subject to your meeting the eligibility criteria for a Workspace Voucher.
- Applications will be scored by a panel of judges from within the Lagos startup ecosystem, taking into account four criteria: (1) market opportunity, (2) strength of the entrepreneur/co-founding team, (3) progress or traction to date, and (4) strength of recommendation by a credible third-party.
- The maximum possible score is 100 points, and Workspace Vouchers will be allocated to the highest scoring ventures subject to a minimum threshold score of 50 points, until the available vouchers for a particular period are exhausted.
- It is possible to score 50 points without a third-party recommendation, but this is a good way to increase your score. Ideal referees are recognized experts from within the Lagos startup ecosystem (for example, successful founders, investors with notable track records, hub/incubator operators, etc.) who know you/your co-founders and your venture well and can provide genuine insight about your potential.
Application Deadline
Not SpecifiedHow to Apply
Interested and qualified? Go to
Lagos State Employment Trust Fund (LSETF) on lagosinnovates.grantplatform.com to apply
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