What Stonetech does

Stonetech Square Ltd. is a privately held technology and innovation hub headquartered in Kaduna, Northern Nigeria, founded in 2023 to serve founders, learners, and small and medium businesses in a region historically underserved by Africa's startup ecosystem. The company operates an integrated platform built around four interconnected offerings: The Hub (physical coworking and event infrastructure), Stonetech Academy (ACTD-accredited tech skills training via Tech Diploma, Nano Diploma, and Bootcamp pathways), the Venture Studio (six-month structured startup development), and Business Services (strategy, talent outsourcing, digital marketing, managed IT, and market expansion). No proprietary software platform or AI product is disclosed; the business is services- and community-driven, monetized through subscription coworking rents, training and corporate training fees, program tuition for pre-incubation/incubation/acceleration cohorts, SME advisory engagements, and premium hub membership. Distribution is primarily direct and physical at the Kaduna headquarters, supplemented by online Academy delivery and event-driven funnel mechanics (hackathons, workshops, networking meetups), with institutional partnerships (Google for Startups, Microsoft, AWS, ONDI, Tony Elumelu Foundation, JICA, GIZ, USADF) providing ecosystem reach.

The company is founder-led by CEO & Co-Founder Abubakar Shehu Idris and COO & Co-Founder Sanusi Dikko, supported by a CTO, CPO, and functional heads in Design, PR, Startups, and Engineering. Strategic milestones include a $500,000 funding round (November 2024), $200,000 deployed into two portfolio startups (SkuidPay in Fintech, StonePOS in Commerce), ACTD global accreditation for Stonetech Academy (January 2026), and designation as Kaduna State's exclusive official innovation hub for ONDI's iHatch Cohort 5 (April 2026)—one of only 37 hubs selected across Nigeria under the Nigeria Startup Act framework. The firm has reported 50+ jobs created through its ecosystem activities and maintains a partner network of 10+ organizations spanning hyperscalers, foundations, and government agencies.

Name

Stonetech

Legal name

Stonetech Square Ltd.

Website

https://stonetechsquare.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Stonetech Square is a Kaduna, Nigeria-based technology and innovation hub operating coworking, ACTD-accredited tech training, venture studio, and SME business services to support founders, learners, and businesses across Northern Nigeria.

Ownership category

akta.pro rank

Product category

Innovation Hub and Startup Incubation Services

NAICS

Professional and Management Development Training (61143), Computer Training (611420)

SIC

Services-Management Consulting Services (8742), Services-Computer Programming Services (7371)

akta.pro primary industry

Technical & Digital Skills Training (BPACANAB)

akta.pro secondary industries

Entrepreneurship, Business & Innovation Camps (EDAMALAL), Emerging Tech (IoT, Blockchain, AR/VR, Edge) Consulting (BPAHAEAL)

Keywords

• Innovation hub services
• Startup incubation programs
• Technology skills training
• Coworking space rental
• Venture studio support

Headquarters

HQ city

Kaduna

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Coworking Space Rentals: Flexible workspace options including hot desks, dedicated desks, virtual office, private offices, meeting rooms, event hall, and podcast sessions. Revenue generated through recurring rental fees.
2. Academy & Training Programs: Three learning pathways: Tech Diploma (full career pathway), Nano Diploma (focused skill addition), and Bootcamp (intensive job-ready training). Delivered in-person and online. ACTD accredited certifications enhance credential value.
3. Business Services: Strategy & Growth consulting, Talent & Outsourcing recruitment services, Digital Marketing management, Managed IT services, and Market Expansion support for businesses looking to grow.
4. Startup Programs: Pre-incubation, incubation, and acceleration programs for founders at various stages. Includes access to capital, mentorship, infrastructure, and networks. Also includes venture studio services for turning ideas into products.
5. Hub Membership: Premium membership tier offering growth metrics tracking, service discounts, priority space booking, exclusive ecosystem opportunities, and curated growth programs.
6. Corporate Training: Customized training packages for companies upskilling teams in digital tools, technology, and business skills. Delivered on-site or remotely with ACTD certification.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Stonetech operates as a technology and innovation hub providing coworking space, ACTD-accredited digital skills training through Stonetech Academy, and structured startup support programs (pre-incubation, incubation, acceleration). It also delivers professional business services including strategy consulting, talent recruitment, digital marketing, managed IT, and market expansion support to entrepreneurs, learners, and small and medium businesses in Northern Nigeria.

Product overview

Stonetech operates as a technology and innovation ecosystem with four interconnected core offerings: The Hub (physical coworking space with Academy training, community events, corporate training, and membership), Venture Studio (structured startup development program covering idea validation through acceleration), Business Services (strategy, talent, digital marketing, IT, and market expansion support), and startup incubation/acceleration programs at pre-incubation, incubation, and acceleration stages. Stonetech Academy, the educational arm, provides ACTD-accredited tech skills training via Tech Diploma, Nano Diploma, and Bootcamp pathways. The portfolio includes ventures like SkuidPay (Fintech) and StonePOS (Commerce).

Differentiator

Problem solved

Functional benefit

Brands

• Stonetech Academy: The specialized educational branch of Stonetech Square offering ACTD-accredited tech skills training programs including Tech Diploma, Nano Diploma, and Bootcamp pathways for career development in technology and digital skills.

Products and services

• The Hub A physical and digital workspace offering coworking facilities, hot desks, dedicated desks, virtual offices, private offices, meeting rooms, event hall, podcast sessions, community events, corporate training programs, and premium membership services for professionals, freelancers, and businesses in Northern Nigeria.
• Venture Studio A structured six-month program helping founders transform ideas into market-ready products through startup incubation, product development, mentorship, funding access, and network partnerships.
• Business Services Professional services encompassing strategy and growth advisory, talent recruitment and outsourcing, digital marketing management, managed IT infrastructure, and market expansion support for small and medium businesses in Nigeria.
• Stonetech Academy ACTD-accredited educational branch offering Tech Diploma (full career pathway), Nano Diploma (focused skill addition), and Bootcamp (intensive job-ready training) programs in digital skills and software development, delivered in-person and online with globally recognized certifications.
• Startup Support Programs (Pre-Incubation, Incubation, Acceleration) Three-stage structured support offering pre-incubation (idea validation, customer discovery, value proposition), incubation (MVP development, market entry, business model validation), and acceleration (scaling, investment readiness, market expansion), including access to capital, mentorship, infrastructure, and networks.
• Corporate Training Customized training packages for companies upskilling teams in digital tools, technology, and business skills, delivered on-site or remotely with ACTD-accredited certification upon completion.

Quantifiable outcome

• 2 portfolio startups supported with $200k invested
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered flagship, core and minor.

• Office for Nigerian Digital Innovation (ONDI)flagshipStrategic or Co-development Partner · 1 April 2026ONDI officially designated Stonetech Square as the iHatch Cohort 5 hub for Kaduna State. Stonetech serves as ONDI's local implementation partner, providing structured incubation support, business advisory, acceleration services, and national innovation connections for founders in Kaduna.
• Google for StartupscoreGTM or Marketing Partner · 1 January 2026Strategic partnership providing Stonetech founders access to Google's global startup platform, world-class tools, expertise, and growth programs. Enables exposure to international network of builders, operators, and industry leaders. Unlocks access to distributed innovation spaces and curated programs, learning opportunities, and global events.
• American Council for Training and Development (ACTD)coreStrategic or Co-development Partner · 1 January 2026ACTD granted full accreditation to Stonetech Academy following rigorous evaluation of curriculum, governance, and instructional methodologies. ACTD is a global leader in quality assurance for training and development.
• MicrosoftminorGTM or Marketing PartnerPartner organization providing technology tools, credits, and support for startups within the Stonetech ecosystem.
• Amazon Web Services (AWS)minorGTM or Marketing PartnerCloud infrastructure partner providing credits and technical support for startups in the Stonetech ecosystem.
• Tony Elumelu FoundationminorGTM or Marketing PartnerAccess to Tony Elumelu Foundation network, mentorship programs, and potential funding connections for African entrepreneurs in the Stonetech ecosystem.
• GIZ NigeriaminorGTM or Marketing PartnerGerman development organization providing introductions and support for startups in the ecosystem.
• Nigerian Communications Commission (NCC)minorStrategic or Co-development PartnerRegulatory partner supporting digital innovation and technology ecosystem development in Nigeria.
• National Information Technology Development Agency (NITDA)minorStrategic or Co-development PartnerGovernment agency supporting IT development and digital innovation across Nigeria.
• Japan International Cooperation Agency (JICA)minorStrategic or Co-development PartnerJapanese development agency supporting technology and innovation initiatives in Nigeria.
• ISN HubsminorStrategic or Co-development PartnerInnovation hub network providing connections and collaborative opportunities within the African startup ecosystem.
• MoniepointminorGTM or Marketing PartnerFinancial technology company partner supporting startup ecosystem with payment and financial services.
• NombaminorGTM or Marketing PartnerFinancial technology company (formerly Kudi) providing payment infrastructure and financial services for startups.
• Cloud ChariotsminorGTM or Marketing PartnerTechnology partner providing services and support within the innovation ecosystem.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Andela: Africa-wide technology talent development and training company — comparable in the Academy dimension (tech skills training) but operates at much larger scale as a global employer of African developers.
• Tony Elumelu Foundation (TEF) Entrepreneurship Programme: Pan-African entrepreneurship programme providing seed funding, mentorship, and training to African entrepreneurs — overlaps Stonetech's venture studio and incubation offering at scale, and is an existing Stonetech ecosystem partner.

Regional players

• iHub (Nairobi): Kenya's flagship technology innovation hub offering coworking, incubation, and venture support — operates a comparable multi-stream hub model though anchored in East Africa rather than West Africa.
• Innovate UK EDGE / Startup Kano: Northern Nigeria-region innovation hub focused on Kaduna-adjacent founder support, training, and venture programs — direct Northern Nigeria peer in the same underserved geography.
• BongoHive (Zambia): Zambian innovation hub and business support organization providing incubation, training, and corporate innovation programs — highly comparable hub structure operating in a similar emerging African market context.

Direct peers

• Innovation Support Network (ISN) Hubs: Pan-African innovation hub network providing incubation and capacity-building support — existing Stonetech partner with substantially overlapping founder-support offering and a similar hub-network model.
• Co-Creation Hub (CcHUB): Lagos-headquartered innovation hub and incubator offering coworking, startup programs, venture building, and corporate partnerships — Stonetech's closest functional peer in Nigeria, though focused on Southern geographies.
• Impact Hub Lagos: Member of the global Impact Hub network running a Lagos coworking/innovation hub with incubation programs, training, and corporate partnerships — directly comparable model to Stonetech's Hub + Academy + Venture Studio stack.

Emerging players

• Ventures Platform: Nigeria-focused early-stage venture fund with strong accelerator and founder-development programs — comparable in the venture studio and incubation dimension but oriented toward capital deployment rather than hub infrastructure.

Others

• Nigerian Communications Commission Innovation Hub Initiatives: NCC and NITDA operate technology innovation and skill development initiatives across Nigeria — these government programs partly overlap Stonetech's regulatory role, and both are existing partners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/stonetechsquare
• Facebookfacebook.com/stonetech.square
• LinkedInlinkedin.com/company/stonetech-square
• Instagraminstagram.com/stonetech.square

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Stonetech