Introducing FbStart Accelerator at NG_HUB

Fb Start Accelerator at NG_HUB
Fb Start Accelerator at NG_HUB

The accelerator is a research and mentorship driven 6-month program for innovative and visionary teams daring to create solutions with advanced technologies. The accelerator would provide these teams with the support they need to build and optimize value driven products and match them with resources from Facebook and ccHUB

The research and mentorship-driven program would focus on providing teams with technical & business support and funding needed to optimize their product for growth. It is designed for startup and student teams building solutions that utilize any of these technologies; Artificial Intelligence, Data Science, Internet of Things, Augmented Reality (AR) and Virtual Reality (VR).

The onsite component of the accelerator is tailored for startup teams who would be physically present at NG_HUB while student teams would have the flexibility of a virtual acceleration program, with the option to work out of partner hubs.

Startups that are accepted into the program will receive the following:

  1. Equity-free funding: Startup teams would get $20,000 in equity-free funding.
  2. Hands-on support: Product development, business strategy & structure, financial management and investment readiness.
  3. Access to technical experts and business mentors from the Facebook and CcHUB network
  4. An office space with high-speed internet, meeting rooms & more.
ELIGIBILITY CRITERIA:
To be eligible for the program, startups must meet the following criteria:
  1. Have a functional product leveraging one of these technologies; Artificial Intelligence, Internet of Things, Data Science, Augmented Reality or Virtual Reality
  2. Have gained some users/customers.
  3. Have a technical lead and founder (s) that are fully committed to the business.
  4. Have the potential to disrupt or greatly enhance their focus industries.

Virtual Accelerator: Student Teams
BENEFITS

Student teams that are accepted into the program will receive the following:

  1. Equity-free funding: BSc. students – $5,000. MSc. students – $10,000 PhD. students – $15,000
  2. Hands-on support: Product development, Business strategy & Structure, and Investment readiness.
  3. Access to technical experts and business mentors from the Facebook and CcHUB’s network
  4. Possible access to office space and high-speed internet at partner hubs.
  5. A flexible program designed with consideration to your academic obligations.

ELIGIBILITY CRITERIA:
To be eligible for the program, student teams must meet the following criteria:

  1. Be a BSc., MSc. or PhD student in a Nigerian higher institution as at July 2018.
  2. Have an idea, research or product that would leverage one of these technologies; Artificial Intelligence, Internet of Things, Data Science, Augmented Reality or Virtual Reality
  3. Have a technical lead and founder (s) that are fully committed to the business.                                                                                                                          Applications into the accelerator can only be submitted  between May 22nd and June 29th. Apply

Official: Facebook has launched NG_HUB

Facebook launches NG_HUB
Facebook launches NG_HUB

Facebook has launched the eagerly awaited community hub.

NG_Hub is located in Yaba that will bring together different sets of builders — i.e. developers, start-ups, SMBs, creatives and community leaders — to collaborate, learn and exchange ideas.

The company wrote on their official facebook page : “Today we launched NG_Hub in Lagos, in partnership with Co-creation Hub Nigeria (CcHUB) – the first community hub space in Africa! This opening highlights our ongoing commitment to supporting local talent in Nigeria.”

“Keep an eye on Facebook to get updates on this week’s celebration that will bring together developers, start-ups, and the wider tech community across Nigeria. An exciting moment for us here in Africa!”

Facebook launches NG_HUB
Facebook launches NG_HUB

“Some of Nigeria’s most talented builders live far beyond Lagos, so we’ve also partnered with hubs across Nigeria — Uyo (Start Innovation Hub), Enugu (Roar Hub), Port Harcourt (Ken Saro-Wiwa Foundation Hub), Kano (DI Hub), Jos (nHub), Kaduna (Colab Hub), and Abuja (Ventures Platform) — to collectively drive this vision, as a community of connected hubs.”

“Our hope is to catalyze more of the positive social and economic impact they have on this country, this continent and the word.”

Facebook to Launch  NG_HUB

Ebele Okobi, Facebook's Head of Public Policy, Africa
Ebele Okobi, Facebook’s Head of Public Policy, Africa

On 22nd Nov 2017, Facebook announced Nigeria Initiatives to further drive innovation, skills development and economic impact across Nigeria. The company plans to achieve this through various partnerships, training programmes and an innovation hub — NG_HUB — that will serve as a centre for learning and skill development.

Facebook is partnering with CCHub to launch NG_HUB in Lagos which will bring together the Nigerian tech community including developers and startups to enable them collaborate, learn and exchange ideas.

The NG_Hub space includes workspaces, meeting rooms, a games and chill out room and an event space, and will also be the focal point for a number of training programmes aimed at attracting the best talent and driving innovation in Nigeria’s tech ecosystem.

NG_HUB which is expected to be launched on the 22nd of May is the first Facebook community hub in Africa.