The Co-creation Hub (CcHUB) announced on Monday that three (3) new ventures have been admitted into its Incubation program. The startups will each receive seed funding ($15,000 – $25,000), mentoring, business development support and office space critical to their quest to find repeatable business models that can rapidly grow their business.
Grit Systems is an IoT venture that develops web-enabled technology for controlling and gathering data about household & commercial electrical power consumption; Mamalette is a platform where Nigerian mothers and mothers-to-be interact to provide mutual support and community throughout the motherhood experience; and Autobox is a platform for car owners to discover & purchase genuine auto parts and find tips on everything motoring.
These three startups are joining CcHub’s existing pool of ventures in their portfolio including Traclist, Truppr, Wecyclers and Vacantboards. CcHUB in December 2014 graduated BudgIT, the first venture in its incubation portfolio.
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.