Facebook says it has collaborated with Co-Creation Hub to graduate 15 Nigerian startups from its NG_Hub FbStart Accelerator Programme. Kendra Nnachi, Facebook Startups and Developers Programme Manager in Lagos on Tuesday, said that the programme was in fulfillment of its commitment to support and empower local start-ups and upcoming entrepreneurs in realising their business goals.
Nnachi said the FbStart accelerator was a research and mentorship driven six-month programme for innovative and visionary teams daring to create solutions with advanced technologies.
She said the accelerator programme provided the startups with the support they needed to build and optimise value driven products and match them with resources from Facebook and CcHUB.
Nnachi said Facebook and CcHub organised a Demo Day and pitching session for the graduating startups. She said the session afforded the startups the opportunity to pitch their solutions, ranging from Agritech, Healthtech, E-transport, Virtual Reality and Artificial Intelligence.
According to her, the solutions are pitched to investors and potential customers from around the world to have first-hand experience trying out the products.
Director of Incubation, CcHub, Damilola Teidi, said the partnership between Facebook and Cchub was beneficial. Teidi said: “We partnered with Facebook last year because as an incubation hub, we understand the intricacies and issues facing startups in the country, especially with regards to funding.
“This year, we regard these pitching startups as harvested potentials and this platform presents an opportunity for optimisation and funding for them.”