Call For Applications: Lagos Innovates Hub Loan Program (low-interest loans)

The Lagos Innovates Hub Loan Program is now open to applications! This initiative offers low-interest loans to co-working spaces and innovation hubs to help expand, upgrade, and enhance their operations.

Eligible hubs can access funding to:

 Improve infrastructure (internet, power, etc.)

 Expand physical space and capacity

 Launch new programs and services for startups

• Target Audience:

The program is specifically designed for operators of coworking spaces, incubators, and innovation hubs located in Lagos State. 

• Purpose:

The loans are intended to support the expansion and improvement of existing facilities and services, as well as the potential for establishing new locations. 

• Funding Focus:

The loans can be used to upgrade spaces with state-of-the-art resources, expand capacity to meet growing demand for flexible workspaces, optimize services by providing cutting-edge technology, and connect with a network of high-performing hubs. 

• Attractive Terms:

Lagos Innovates offers Hub Loans with a low interest rate for a four-year period. 

• Community Focus:

Lagos Innovates emphasizes a community-focused approach, recognizing the vital role of these spaces in catalyzing growth opportunities for startups and entrepreneurs. 

• Eligibility:

To be eligible, businesses must be registered in Nigeria, have their headquarters in Lagos State, operate as a coworking facility, incubator, or innovation hub in Lagos, and have at least one shareholder or director who is a Lagos State resident and compliant with personal tax requirements. Additionally, the business must be tax-compliant. 

Click HERE to Apply