Nigeria’s Co-creation Hub has acquired the iHub

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Lagos based Co Creation Hub (CcHub) has acquired the iHub for a yet to be disclosed fee.

CcHub was founded in 2011 and since then, it has grown into a multi-faceted innovation center. The organization manages digital skills programs for entrepreneurs and school kids, startup incubation, and a portfolio of investments through its Growth Capital Fund. It has so far built a vibrant community of over 14,000 people and incubated and provided support to a portfolio of over 120 early-stage ventures, including Lifebank, Riby, BudgIT and WeCyclers.

iHub on the other hand was launched in 2010, and is home to internationally-recognised companies such as BRCK and Ushahidi.

As part of the deal, iHub’s team become part of CcHub’s wider central support and strategy network while the hub itself will retain its name and senior management structure. CcHub’s co-founder Bosun Tijani will be the CEO across both locations.

CcHub is now expected to make key hires in innovation consulting, people management, programme management and community support. This is as it looks to strengthen its pan-African network and mobilise its far-reaching resources, network and relationships to accelerate the growth of technology innovation and entrepreneurship in Africa.

CcHub’s co-founder Bosun Tijani, had this to say, “CcHub’s mandate is to build a formidable innovation ecosystem with a deeply rooted network, cultivating strategic partnerships and practical industry know-how that can support entrepreneurs in building thoughtful, relevant and scalable solutions. We believe we can only do this if we are intentional and proactive in how we scale and grow our reach, not only across Africa, but also internationally. This is the reason behind our acquisition of iHub and we continue to be bullish in our combined efforts in creating hundreds of thousands more opportunities for businesses across Africa.”

 

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