Wennovation Hub

Name

Wennovation Hub

Legal name

Wennovation Hub

Website

https://wennovationhub.org

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Startup Incubation and Acceleration Services

NAICS

Management of Companies and Enterprises (55111)

akta.pro primary industry

Venture Studios / Company Builders (FSANAAAH)

akta.pro secondary industries

Accelerators & Incubators (Investor-Operated) (FSANAAAM), Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC), Entrepreneurship, Innovation & Venture Creation Centers (EDAHAHAH), SME & Entrepreneurship Development (Trade-Linked) (BPADAMAE)

Keywords

• Startup incubation services
• Business acceleration programs
• Co-working space rentals
• Venture development consulting
• Innovation ecosystem support

Headquarters

HQ city

Ikeja

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Co-working Space Rentals: Flexible membership plans for workspace access including daily, weekly, and monthly options. Revenue from hot desks, training spaces, and board rooms across Lagos and Abuja locations.
2. Incubation and Acceleration Programs: Structured programs for early-stage startups and growing businesses requiring fees for participation. Includes pre-incubation, acceleration, business advisory, and investment readiness services.
3. Business Advisory and Consulting: Customized consulting engagements for SMEs, public sector, and private organizations seeking innovation solutions. Provides market research, proposal development, and strategic insights.
4. Partnership and Implementation Fees: Collaborative programs with development organizations (GIZ, Heifer International, NSIA) for ecosystem development, youth empowerment, and digital inclusion initiatives.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Wennovation Hub is a venture development company that supports early-stage startups and growing teams across emerging sectors, giving them access to incubation, acceleration, investment opportunities, market access, and mentorship to build thriving startups. It delivers this through co-working spaces, structured incubation and acceleration programs, business advisory and coaching, investment readiness support, and partnership-driven public/private sector innovation programs implemented across Lagos, Abuja, and Ibadan in Nigeria.

Product overview

Wennovation Hub is Nigeria's pioneer innovation accelerator offering a multi-module platform of venture development services. The core offerings include Co-working Spaces & Trainings (flexible workspace with capacity-building programs), Startup & SME Business Services (incubation, acceleration, business advisory, and investment readiness support), Public & Private Sector Innovation Programs (innovation challenges and ecosystem advisory for institutions), and Strategic Partnerships. The hub supports a diverse portfolio of over 180 startups across sectors including AgriTech (Afrimash, Crop2Cash, Vertmance, FarmMonie), FinTech (Asusu, Reliance HMO), and other technology ventures. Specialized programs include the NSIA Prize for Innovation, AYuTe Africa Challenge, Digital Skills for Entrepreneurs, The Next Economy Program, and FutureTech Accelerator. The company operates across multiple locations in Nigeria (Lagos, Abuja, Ibadan) and has supported over 450 startup teams.

Differentiator

Problem solved

Functional benefit

Products and services

• Co-working Spaces and Trainings Flexible workspace facilities across Lagos (Victoria Island), Abuja (Karmo), and Ibadan offering hot desks, normal desks, training hubs, board rooms, and round-table spaces on daily, weekly, and monthly memberships. Combined with capacity-building training programs covering entrepreneurship, digital skills, business strategy, and soft skills for entrepreneurs, startups, SMEs, and corporate teams.
• Startup and SME Business Services End-to-end support bundle for early-stage founders and growing SMEs comprising pre-incubation, incubation, acceleration, one-on-one business advisory and coaching, investment readiness support (pitch decks, financials, projections, business plans), and startup diagnostics. Designed for founders with ideas/MVPs seeking business model validation and SMEs looking to scale, raise capital, or enter new markets.
• Public and Private Sector Innovation Programs

Quantifiable outcome

• 450+ startup teams supported with access to mentors, investors, and strategic networks
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Heifer InternationalcoreStrategic or Co-development Partner · 1 January 2023Collaboration on agriculture-focused innovation programs including AYuTe Africa Challenge Nigeria and Business Development Service programs. Supports agritech startups and farmers through technology-driven solutions. Focus on ending hunger and poverty while empowering local farmers.
• UK-KTN (Knowledge Transfer Network)coreStrategic or Co-development Partner · 1 January 2023FutureTech Accelerator program focused on renewable energy sector innovation. Wennovation Hub provides incubation support, technical mentorship, and investor connections for startups in the clean energy space.
• GIZ PME (Project Management and Evaluation)minorStrategic or Co-development Partner · 1 January 2021Capacity Building for Returnees program supporting deported individuals with business and career skills. Developed tailored training modules and provided mentorship for reintegration.
• Crosswise WorkscoreStrategic or Co-development Partner · 1 January 2016Implementing partner for The Next Economy program empowering youth across Nigeria, Mali, Somalia, and Somaliland. Responsible for entrepreneurship training and incubation phases with local expertise and network.
• SOS Children's VillagescoreStrategic or Co-development Partner · 1 January 2016The Next Economy Program empowering youth across Nigeria, Mali, Somalia, and Somaliland. Focused on entrepreneurship and incubation phases providing foundational business courses, mentorship, and support.
• Carleton ConceptsminorStrategic or Co-development PartnerGreen Innovations Challenge supporting startups developing sustainable practices for environmental challenges. Provided mentorship and incubation support to participating ventures.
• NCC (National Computer Centre)minorStrategic or Co-development PartnerDigital Literacy for All campaign providing digital skills training to marginalized communities. Contributed to content development and logistical support for training sessions.
• GIZ Digital Transformation CentercoreStrategic or Co-development PartnerDigital Inclusion Hub project establishing digital hubs in rural communities. Leverages expertise in community engagement and technology deployment to improve access to education, healthcare, and economic opportunities.
• NSIA (Nigeria Sovereign Investment Authority)coreStrategic or Co-development PartnerNSIA Prize for Innovation (NPI) program implemented with Lofty Inc. Supported over 400 startups with strategic guidance, incubation support, and resource connections for digital ecosystem innovation.
• GIZ DSE (Digital Skills for Entrepreneurs)minorStrategic or Co-development PartnerDigital Skills for Entrepreneurs program equipping entrepreneurs with digital skills for business growth. Designed and delivered training modules on digital marketing, e-commerce, and online business management.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Co-Creation Hub (CcHUB): Co-Creation Hub is Nigeria's largest and most prominent innovation hub and direct competitor to Wennovation Hub. It runs incubation, acceleration, and corporate innovation programs with similar target customers (African startups, corporates, development partners) but at significantly greater scale and capital base.
• Nailab: Nailab is a Nairobi-based startup incubator and accelerator running cohort-based programs for early-stage African founders. It is a direct functional peer to Wennovation Hub, operating similar pre-incubation, incubation, and acceleration services for African entrepreneurs.
• iHub: iHub is one of Africa's longest-standing innovation spaces, founded in Nairobi in 2010, providing co-working, incubation, and community programs for tech entrepreneurs. It is a direct peer to Wennovation Hub given the parallel founding era, multi-service platform, and pan-African ambitions.
• MEST Africa: MEST is a pan-African entrepreneur training and seed investment program with hubs in Accra, Lagos, Nairobi, and Cape Town. It is a direct peer in the venture development and African startup incubation space, competing for the same early-stage founders and partner mandates.
• Tony Elumelu Foundation (TEF): TEF runs one of Africa's largest entrepreneurship programs, providing training, mentorship, and seed capital to thousands of African entrepreneurs annually. It is a direct peer to Wennovation Hub's incubation and capacity-building programs, particularly in Nigeria.
• Startupbootcamp AfriTech: Startupbootcamp AfriTech is a South Africa-based accelerator offering 3-month cohort programs with mentor networks and seed funding for African startups. It is a direct peer in the African acceleration space, competing for high-growth founders.
• Loft Inc (Lofty Inc): Lofty Inc is a Lagos-based innovation and venture development company that co-implements the NSIA Prize for Innovation with Wennovation Hub. It is a direct peer running parallel incubation, acceleration, and innovation programs in Nigeria.

Broad incumbents

• Impact Hub Network: Impact Hub operates a global network of innovation spaces across more than 100 cities, including African locations. It is a broad incumbent peer to Wennovation Hub's co-working and incubation services, offering similar program models with stronger international brand recognition.

Regional players

• GrowthAfrica: GrowthAfrica is a Nairobi-based accelerator running cohort programs for East African SMEs and startups. It is a regional peer to Wennovation Hub with comparable venture development services, primarily serving a different (East African) geography.

Emerging players

• Future Africa (formerly iHub): Future Africa is a pan-African venture platform and founder support program, providing mentorship, community, and pre-seed capital to early-stage African startups. It is an emerging player with meaningful overlap in incubation, acceleration, and ecosystem-building services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/wennovation
• Facebookfacebook.com/wennovationhub
• LinkedInlinkedin.com/company/wennovation-hub

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments14 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wennovation Hub