Co-creation Hub (CcHUB), Africa’s leading technology innovation hub, has announced the expansion of its operations to Tanzania as part of its expansion drive to other African countries, according to a tweet from its official Twitter handle. CcHUB which said it had touched down and established its footprint further south of the continent is committed to advancing social capital and technology for economic success in Africa. Its expansion to Tanzania is a significant step towards achieving its goal.
CcHUB is widely considered the largest innovation hub in Africa, and it in February 2023 launched a $15 million accelerator program called ‘The Edtech Fellowship Program’ to develop and fund 72 entrepreneurs in Nigeria and Kenya over the next three years. The program seeks to support the acceleration of creative and innovative ideas in its newest location, Tanzania, as well as in other African countries.
A few years after its launch, CcHub launched a $60 million Growth Capital Fund. The fund is a social innovation fund for startups. Since its inception, the Growth Capital Fund has invested in several Nigerian startups, including LifeBank, $75,000; Riby Finance, $100,000; Delivery Science, $150,000), and Edves, $60,000.
The hub has continually sought to help startups in various parts of the continent, contributing to the growth and development of startups across Africa. Its acquisition of the Kenyan tech incubator iHub in September 2019 marked its expansion into Kenya, strategically placing CcHUB as one of the fastest-growing mega incubators in Africa. CcHUB’s expansion across the continent provides startups with access to resources, mentorship, and funding, which are critical to the growth and development of startups.
What CcHUB’s Expansion Means for the African Tech Ecosystem
The expansion of CcHUB is particularly beneficial to the African tech ecosystem as it allows startups to access and expand across new markets in the continent. CcHUB has continually sought to help startups in various parts of the continent, contributing to the growth and development of startups across Africa. With its presence in Tanzania, CcHUB will work with impact-driven founders to develop their startups into sustainable entities and raise funding through its syndicate platform.
CcHUB’s Seedr program is another way in which the hub seeks to promote the growth and development of startups in Africa. The Seedr program is a 6-month acceleration program for early-stage technology startups, in emerging ecosystems, with the potential to scale and create impact. Through this program, CcHUB aims to help startups access funding and expand across new markets in the continent.
CcHUB’s mandate to support and contribute to the growth and development of startups across Africa has seen the establishment of the CcHUB Design Lab in Kigali, Rwanda. The Design Hub was founded to be a leading creative space where its multidisciplinary team of product designers and engineers collaborate with scientists and stakeholders from all over the world to investigate the application of emerging technologies that will solve Africa’s systemic problems in public health, education, governance, and the private sector.
CcHUB has supported over 650 cutting-edge tech startups addressing societal needs in Africa, in areas like budget transparency, physical fitness, education, fintech, health care delivery, and sustainability over the last ten years. CcHUB’s impact on the African tech ecosystem is expected to grow significantly as it expands across the continent.