On Thursday, the Stanbic IBTC Bank launched the Blue Lab — its own innovation hub — in Yaba.
According to a report on TechEconomy, Chief Executive of the bank Demola Shogunle said the hub was inspired by changes and trends in the banking industry.
Located at number 220 Herbert Macaulay Way in Alagomeji-Yaba, the Blue Lab is supported by the Co-Creation Hub (CcHub) and billed as an innovation hub for incubators with great ideas.
With this laudable move, Stanbic IBTC has joined Guaranty Trust Bank(GTB) in a league of banks supporting and building innovation hubs and co-working spaces. In July last year, the Lagos State government re-opened YouRead — an e-library and co-working space — in partnership with GTB.
In conclusion, Demola Shogunle said Stanbic IBTC bank will launch the ‘next big thing in tech’ through innovations from the Blue Lab.
Nigerian startups raised $377m in 2019, more than twice what they did in 2018. Find out more when you download the full report.