Workspace Vouchers

Workspace Vouchers support the highest potential founders and/or startups in Lagos State at the very early stages of their ventures (ideation to very early revenue) by facilitating access to well-equipped workspaces and learning.

To help defray the cost of accessing high-quality infrastructure, Lagos Innovates will cover 30% to 75% on average of membership costs at any of our Partner Hubs for 3 to 12 months. The value of the award varies by stage. Partner Hubs are listed below.

To ensure that this benefit goes to the most promising founders and highest potential startups, the application and allocation processes are competitive and merit-based.

 

Eligibility Criteria

  1. Your venture stage is anywhere from ideation to very early revenue. This means that it is either not yet incorporated, or it was incorporated less than one year from the date of your application for a Workspace Voucher.
  2. Your team is small and does not include any paid staff. You are a team of co-founders.
  3. You do not generate monthly revenues of more than one million naira.
  4. You have never received any third-party capital for your venture; this includes grants, equity or debt.

 

Selection Process and Criteria

  • Your online application will be judged entirely on its merits, subject to your meeting the eligibility criteria for a Workspace Voucher.
  • Applications will be scored by a panel of judges from within the Lagos startup ecosystem, taking into account four criteria: (1) market opportunity, (2) strength of the entrepreneur/co-founding team, (3) progress or traction to date, and (4) strength of recommendation by a credible third-party.
  • The maximum possible score is 100 points, and Workspace Vouchers will be allocated to the highest scoring ventures subject to a minimum threshold score of 60 points, until the available vouchers for a particular period are exhausted.
  • It is possible to score 60 points without a third-party recommendation, but this is a good way to increase your score. Ideal referees are recognised experts from within the Lagos startup ecosystem (for example, successful founders, investors with notable track records, hub/incubator operators, etc.) who know you/your co-founders and your venture well and can provide genuine insight about your potential. 

 

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Partner Hubs

Partner Hubs

Lagos Innovates is launching Workspace Vouchers with six Partner Hubs, with available workspace capacity in key locations across Lagos State. Over time, our goal is to extend the program to include many more Partner Hubs.

Capital Square

CapitalSquare requires its members to complete a member registration form and provide certain documents (a valid government-issued ID, business registration documents - if applicable, recent utility bill or proof of address, names, emails, and phone numbers for two referees).

Please contact CapitalSquare directly via their website for enquiries or additional information. 

Location(s): Ikoyi, Lekki Igbo Efon.

www.capitalsqua.re

Cranium One

Cranium One requires members to present certain documents (CAC certificate, photocopy of international passport data page and a passport photograph).

Please contact Cranium One directly via their website for enquiries or additional information. 

Location(s): Victoria Island.

www.cranium-one.com

Leadspace

Leadspace requires members to present certain documents (CAC certificate and a valid ID).

Please contact Leadspace directly via their website for enquiries or additional information. 

Location(s): Ojodu, Yaba. 

www.theleadspace.co

ReDahlia

ReDahlia requires new members to sign an agreement and present certain documents (company profile, CAC certificate, valid ID, passport photographs, current utility bill, company flyers and logo - optional). 

Please contact ReDahlia directly via their website for enquiries or additional information. 

Location(s): Ikeja.

www.redahliaworkspaces.com

Venia Hub

Venia requires certain documents to carry out background checks on new members (company profile, CAC certificate, utility bill, valid government-issued ID). Venia may be willing to relax these requirements for Lagos Innovates Workspace Voucher recipients.

Please contact Venia directly via their website for enquiries or additional information. 

Location(s): Lekki Phase I.

www.veniabusinesshub.com

Workstation

Workstation does not have any membership requirements.

Please contact Workstation directly via their website for enquiries or additional information. 

Location(s): Victoria Island. 

www.workstationng.com