V8 Incubation Hub Opens in Lekki

• V8 Incubation Hub Opens in Lekki

A new technology incubation hub known as V8 has been launched in the Lekki area of Lagos.

The hub is a community and collaboration platform providing professional support services to entrepreneurs, start-ups and small businesses, especially those in the digital technology space, according to its promoters.

A brainchild of the former Head of Intel Capital Africa, Tobi Oke, and the Chief Executive Officer of iConcepts, Ugo Okoye, V8 Africa came from several years of actively creating conducive environment and strategies for new technology businesses and benefits heavily from the experiences of its founders in identifying, enabling and accelerating start-up growth across Africa.

A statement by the promoters said V8 would provide services such as on-demand workspaces, mentorship, capacity building, business strategies and funding.

Members of the co-working space, it added, would have access to secure enterprise grade Internet and Wi-Fi, uninterrupted power supply, meeting/board/training room, break out area to receive guests and a communal kitchen with tea and coffee making utilities. “These will all be provided as a service, saving V8 members the significant capital costs if procured on a stand-alone basis,” it stated.

Speaking on the motivation behind V8, Oke said, “Higher than usual infrastructure requirements and costs are needed for businesses to be successful in our part of the world.”