Lagos is home to over 45 co-working spaces where you have access to cool and ambient working environment. There are accelerators, incubators and co-working spaces providing different benefits to support the growth of start-ups but often times it’s challenging to know which option offers your organisation the best chance for success.
A simple search reveals that incubators specialise in growing new and early stage businesses providing office space, legal counsel, and even seed money typically in exchange for a small amount of equity. Typical benefits include guidance, resources, funding opportunities and credibility boost from membership. The challenge is that incubators are notoriously selective and only accept members who are ready to disclose their business plan, ready to be baby seated via mentoring and give away equity. Your journey ends within 3-18 months and culminates on the Demo Day where you pitch your start-up.
Accelerators on the other hand focus more on companies in “adolescence to adulthood”. They also are highly selective and want their members to scale, reach profitability and meet the right industry connections within a short period. A primary function of accelerators is connecting start-ups with mentors, guidance, resources and funding.
In the words of Mr Yomi, CEO of Mobility NG, eeSPACE offers his company a smart office space that takes off the stress of commuting through all that traffic to the island.
eeSPACE is a co-working space in Lagos approved as a Start-up Growth Center offering start-ups a hybrid of incubator, accelerator and co-working space benefits. eeSPACE opens her door to idea stage, early stage and existing businesses not only in Technology but in any high-growth industry, providing them budget friendly offices with vibrant community of entrepreneurs, developers, UI/UX designers, legal and accounting partners, access to loans and grants from partner companies and angel investors for seed funding.
Founder of FX Classic, Mr Wale emphasises the beauty of working on budget especially for a growing start-up. The vibrant community is another leverage for his business growth.
Get your business on a high growth path.