Applications for the Lagos Innovates Hub Loan Program are open! This program provides low-interest loans to innovation hubs and co-working spaces to support their growth, modernization, and improvement.
When is the Application Deadline?
No fixed deadline announced. Applications are open on a rolling basis—early application is advised.
Tell Me About the Program:
The Lagos Innovates Hub Loan Program is an initiative of the Lagos State Employment Trust Fund (LSETF) designed to provide low-interest loans to coworking spaces, startup incubators, and innovation hubs. It aims to support the growth of Lagos’s tech and innovation ecosystem by helping hubs upgrade infrastructure, expand capacity, and launch new services.
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Which Fields Are Eligible?
Innovation, technology, entrepreneurship support, coworking and incubation services, startup ecosystem development.
Program Type:
Low-interest business loan (for innovation infrastructure and ecosystem development).
Who Can Apply?
Eligible applicants include:
- Registered businesses in Nigeria
- Coworking spaces, incubators, or innovation hubs based in Lagos
- Companies with HQs in Lagos
- At least one shareholder/director must be a Lagos resident and personally tax-compliant
- Business must be tax-compliant
How Are Applicants Selected?
Selection is based on eligibility, demonstrated impact potential, financial health, and alignment with the program’s mission to strengthen Lagos’s innovation infrastructure.
Which Countries Are Eligible?
Only Nigeria, specifically operators within Lagos State.
Where Will the Program Take Place?
Lagos State, Nigeria.
How Many Loans Will Be Given?
Not specified—loans are awarded based on merit and available funding.
What Is the Benefit of the Program?
- Low-interest loans for up to 4 years
- Funding to improve infrastructure (e.g., internet, power)
- Support to expand facilities and add services for startups
- Access to Lagos Innovates’ innovation community and network
How Long Will Support Last?
Loan repayment period is up to 4 years. Support duration depends on the project and repayment structure.
How to Apply:
- Create an account at www.lagosinnovates.ng
- Fill out and save your application
- Submit the completed form to be considered