Lagos Innovates Workspace Voucher Program is now accepting entries

Workspace Vouchers present an amazing opportunity for aspiring founders and teams in Lagos State. These vouchers offer a significant discount on membership costs at any of Lagos Innovates’ Partner Hubs for a limited time.

At Lagos Innovates, we understand the challenges that new ventures face, especially in the early stages. That’s why we aim to support the most promising founders and startups by providing access to well-equipped workspaces and learning opportunities.

To make it even more accessible, we will cover a portion of the membership costs, which typically range from 30% to 75%, for a duration of 3 to 12 months. The exact value of the award will depend on the stage of your venture. We have a selection of Partner Hubs where you can choose to work from.

We want to ensure that these benefits are granted to the most deserving founders and startups. Therefore, the application and allocation processes are competitive and based on merit. We have established eligibility criteria to ensure that the vouchers are given to those who truly require and deserve them.

Eligibility

If your venture is in the ideation to very early revenue stage, if you have a small team of co-founders, if your monthly revenues are not more than one million naira, and if you have not received any third-party capital for your venture, then you are eligible to apply for a Workspace Voucher.

Selection Criteria

Our selection process is both rigorous and fair. Your online application will be evaluated solely based on its merits by a panel of judges from within the Lagos startup ecosystem. They will assess your application using four key criteria: market opportunity, strength of the entrepreneur/co-founding team, progress or traction achieved so far, and the strength of recommendation from a credible third-party.

The highest possible score you can achieve is 100 points, and the vouchers will be awarded to the ventures with the highest scores, as long as they meet a minimum threshold of 50 points. We will continue to allocate vouchers until all available ones for a specific period have been exhausted.

So, if you have an amazing idea and a dedicated team, don’t miss out on this opportunity. Apply for a Workspace Voucher and take your venture to the next level!

Selection Process

The selection process for your online application is straightforward. Your application will be evaluated based on its merits and whether you meet the eligibility criteria for a Workspace Voucher.

A panel of judges from the Lagos startup ecosystem will score the applications using four key criteria: the market opportunity, the strength of the entrepreneur or co-founding team, the progress or traction achieved so far, and the strength of recommendation from a credible third-party.

The scoring system ranges from 0 to 100 points, with the highest-scoring ventures receiving Workspace Vouchers. However, you must achieve a minimum threshold score of 50 points to qualify for the vouchers. The vouchers will be allocated until all available slots for a specific period are filled.

While it is possible to score 50 points without a third-party recommendation, having one can greatly enhance your score. It is recommended to seek references from recognized experts within the Lagos startup ecosystem, such as successful founders, investors with impressive track records, or hub/incubator operators. These individuals should have a good understanding of you, your co-founders, and your venture, and be able to provide valuable insights about your potential.

These individuals should possess a deep understanding of you, your co-founders, and your venture, enabling them to provide valuable insights about your potential.

Prepare to revolutionize your operations with our incredible offerings: cutting-edge workspaces tailored to your specific requirements, access to top-of-the-line equipment and facilities without the burden of exorbitant costs, collaborative setups that foster team synergy and innovation, and networking opportunities within the startup ecosystem.

Bid farewell to rental headaches and utility expenses, and concentrate on building the startup of your dreams alongside your team! To apply and find out more information, please visit our official website.