19 Jul 2011 15:04 Africa/Lagos
Omidyar Network and The Indigo Trust to Fund New Social Innovation Center in Nigeria
PR Newswire
REDWOOD CITY, Calif. and LONDON, July 19, 2011
REDWOOD CITY, Calif. and LONDON, July 19, 2011 /PRNewswire/ -- Omidyar Network and The Indigo Trust announced today their support and intent to fund the Co-Creation Hub in Lagos, Nigeria. The Hub is a non-profit, social enterprise centered around a shared work space where stakeholders from multiple walks of Nigerian life come together to collaboratively create tech-based solutions that address social challenges facing Nigerian society. It will be Nigeria's first multi-functional, multi-purpose space dedicated to the creation of social technology ventures. Omidyar Network will grant up to US$200,000, and The Indigo Trust has provided a grant of US$45,000.
The Hub will accommodate 50-60 tech start-ups at one time and will provide pre-incubation services including: advice, training, mentorship and access to funding through a network of local and international partners. The Hub will also serve as a place for stakeholders to meet, brainstorm, share ideas and collaborate through partnership events, meet-ups, focus groups, hackathons, competitions and talks by guest speakers.
The Hub founders, 'Bosun Tijani and Femi Longe, saw first-hand the impact of focused social innovation efforts through their leadership in the Social Innovation Camp Nigeria and Tech in Governance camp that took place this year in Nigeria. The camps yielded a number of technology initiatives focusing on issues such as government accountability, health information and crime tracking and reporting. Their goals for The Hub include helping to stimulate the creation of more than two dozen social ventures over the next two years. The Hub will open its doors in August this year.
"The Co-Creation Hub promises to foster the development of technology-driven social enterprises that will address many of Nigeria's most pressing problems," said Stephen King, Omidyar Network investment partner. "The Hub will provide the environment, stimulation and connections to capital and expertise necessary to help Nigerian entrepreneurs launch their social missions to improve the lives of millions of Nigerians."
The grant represents Omidyar Network's latest investment in innovative uses of technology for development and support of entrepreneurship in Africa. It follows the recent creation of the Africa Transparency and Technology Initiative and support of the African Leadership Academy and the Africa Awards for Entrepreneurship.
"We are delighted to support a venture which will create an enabling environment for African-led innovation, contextualized to local needs," said Francesca Perrin, founder and director of The Indigo Trust. "The Hub will bring together developers, innovators and business professionals, creating the right conditions to stimulate innovation and generate technology-led solutions that improve governance and support development objectives across Nigeria. We're excited about the potential of Hubs. It seems natural to us that people should come together to share technical, human and social bandwidth."
About The Indigo Trust:
The Indigo Trust is a grant making foundation that funds technology-driven projects to bring about social change, largely in African countries. The Trust focuses mainly on innovation, transparency and citizen empowerment. The Indigo Trust makes grants to African projects or programmes, or to organisations which operate at least partly in African countries. We believe that access to information for all empowers people to change their own lives and communities. Fran Perrin founded the trust that she now runs with her husband William. The Indigo Trust is one of the 18 Sainsbury Family Charitable Trusts (SFCT). The Trusts work and fund autonomously across many different sectors and geographic regions but share offices and administration. For more information see The Trust's blog: http://indigotrust.wordpress.com
About Omidyar Network
Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change. To date, Omidyar Network has committed more than $448 million to for-profit companies and nonprofit organizations that foster economic advancement and encourage individual participation across multiple investment areas, including microfinance, entrepreneurship, property rights, government transparency, consumer Internet and mobile. To learn more about Omidyar Network, please visit www.omidyar.com.
SOURCE Omidyar Network
CONTACT: Greg Pershall of Omidyar Network, +1-360-607-8901 ; or Dr Loren Treisman of The Indigo Trust, +44 (0) 20 7410 0330
Web Site: http://www.omidyar.com
One thing i would have to conclude: My Internship Experience in Nigeria totally changed my life path and my belief.My name is Chenhao LIu and am from China. Intially, when i got to Nigeria to start my one year internship, challenges rushed to me everyday. First being the problem of communication; the english of african prounciation brought me quite lot of trouble in comprehension. Then the open, liberal social values which is totally opposite to that of Easten Asia, Food of strange taste and smell which greatly broaden my concept in food…True, i was initially overwhelmed by all these challenges, I hesitated, took some time out, then i asked myself the reason for choosing Afirca as my desitnation, but soon I realized that learning to adapt and learn as much as i can would be the best thing for me to do, if i am to benefit from my internship. None of my previous trips can have such huge impact on me like my African intenrship expereince. I had it in AIESEC Port Harcourt, Nigeria, Africa. I worked in three differnt projects/issues in my one year internship.HIV/AIDS (Project ASK), Entrepreneurship (Project YES) and environmental sustainability (Project Clean). This had me endeavoring with other interns and AIESECers, crossing barriers set by language and belief to reach the goals of the project and make sure that we touch lifes… These experiences above infomed me a real touch on the pleasure of being a human. I did my utmost to fulfill my willingness to positively impact my surroudings. I still remember unforgotable snapshots when running project Yes, Ask And clean:The curious eyes of local children, the active debates over enterpreneurship in Yes Seminars… As for the effect, although I knew effect might be slight, I was greatly satisfied because I knew the progress of developing the world relied on micro-endeavor of many contributors rather than that of one man ;thus, I felt fortunate to be a member of those contributors. Members of AIESEC Port Harcourt are an energetic and enterprising group of youths, and they made my stay in Nigeria a very memorable one, they also provided me a platform to contribute my own quoata in changing the world! I would never forget this.
Our current trend in development is something to talk about sitting and writing these in my home in Port Harcourt i feel there is a need to address this issue to make us understand what is at stake and the question here is what is at stake?, The Answer to this question depends on the selective purview of everyone involved which is the youths and the working force .