HUMANS OF KUBATANA MAGAZINE | OCTOBER 2022
AFR I LABS
HUMANS OF
WHAT IS YOUR HUB’S MOTIVATION? We are driven by the need to provide underserved founders in Africa a platform to build wealth via profitable and investable businesses. This drives our choice of a venture studio model, operational strategies and how our community has and is evolving. HOW IS YOUR HUB ACHIEVING ITS GOAL? Our goal over the next 4+ years is to spin-off 15 ventures and support over 100 through programmes and projects. According to our special studio model, which gives us a greater level of ownership, we are able to split up businesses if we see that they are attempting to do too many things at once, or we can join businesses when we see unexpected synergies. It’s simple to spin off a fantastic idea that began as a solution to a specific issue in one of our firms to become the foundation of a completely new company. Talent may be allocated to be used when and where it is most needed. This is no different from the allocation of capital. We can assist the ventures we wish to start in a prudent way, making sure they have enough resources to overcome obstacles but not too much that they get sidetracked or reckless. Comparatively speaking, this funding strategy is significantly more methodical than that of the
incubators, venture capitalists and traditional investment banks. However, the aspect of democratising the entire process of enterprise/ wealth creation is what delights us the most. WHAT ROLE HAS AFRILABS PLAYED IN YOUR HUB’S JOURNEY? AfriLabs has provided us a pan-African network of like minds and access to great learning experience that has contributed to the growth of our team.
AFRILABS DAMILOLA OBIDAIRO COFOUNDER/CEO 8TH GEAR HUB NIGERIA
WE ARE DRIVEN BY THE NEED TO PROVIDE UNDERSERVED FOUNDERS IN AFRICA A PLATFORM TO BUILD WEALTH VIA PROFITABLE AND INVESTABLE BUSINESSES.
AFRILABS
40
41
Made with FlippingBook - Online Brochure Maker