TheCable

Wennovation Hub, an innovation accelerator based in Lagos, Nigeria, says it is expanding into the Afro-Caribbean corridor.

It said We-hub Barbados would be its first Hub outside Africa, and the move is part of its strategy to scale globally.

In a statement on Friday, the startup incubator said We-hub Barbados would implement founders’ catalyst programmes and provide startup support services.

“Market entry and consulting services for African and Caribbean Startups looking to expand operations across the Atlantic are among part of the services it would render,” the statement reads.

Speaking on the expansion, Michael Oluwagbemi, executive partner of the LoftyInc Group, said the business expansion would allow the company to scale globally.

LoftyInc Group and Africa Leadership Forum co-founded Wennovation Hub.

“We are on a bold mission to creatively invest in ideas, empower entrepreneurs, and enable digital innovation for emerging economies, and we have done this over the last 11 years,” Oluwagbemi said.

“With globalisation gradually breaking barriers and speeding up economic integration, we believe now is the right time to scale our efforts globally to deliver value and champion the interconnectivity of markets and economies, and this is the first step in that direction.”

Andrew Payne, managing director of Antrilis, the local site for the hub, was also quoted as saying that his organisation is eager to collaborate with Wennovation in unlocking economic potential.