Zone Tech Park Unveils $6.5m Technology Hub for Africans

The Zone Tech Park Team

Zone Tech Park, a venture builder for start-ups in Nigeria worth $6.5 million has established to turn great ideas into product services.

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The park, which was unveiled to Nigerian journalist in Lagos, South-West of the country after a tour of the facility is expected to transform great ideas into products and services quickly, efficiently and profitably.

The park, which is the brain child of Bolaji Olagunju, a serial entrepreneur and founder Chief Executive Officer of The Workforce Group in Nigeria is located in Lagos, the commercial city of country.

Shortly before the tour, Olagunju disclosed that Toro Orero, former Managing Partner at Silicon Valley VC Fund DDF and Founder of The African Start-Ups Institute and SpeedUp Africa has been appointed as the Chief Executive Officer of Zone Tech Park.

According to him, so far $6.5 million has been invested in the Zone Tech Park to build the infrastructure and environment needed to help Africa start-ups scale and compete globally adding that Park’s start-ups would have direct access to more than 400 domestic and international corporations who are clients of WorkForce.

“African star-ups are faced with significant challenges that hinder their growth, Zone Tech will change the status quo and help individuals and their businesses to realise their full through education, venture building and strategic enterprise support”, he said.

The Park, described as unique among tech hub in Africa, is expected to be open to start-ups at all stages in their life cycle, from those that are great ideas on paper to those with customers already on-board.

Olagunju said that the park also offers co-working space for free to start-ups, which are not charged for access to the tech hubs multitude of services and advisors adding that “the Zone Tech Park plugs its start-ups into a network of 400 corporations, giving them direct access to market, helping them to avoid bottlenecks, strike deals fasters, and scale quicker.”

He said that part of the objectives of the hub is to support its start-ups in preparing for funding rounds by giving access to a network of potential investors, accelerator program and ecosystem architects.

The hub, according to him, boast of experienced in-house engineering team of about 20 software developers and designers, and entire finance, legal, marketing, sales and fundraising teams, all experts in their field.

Isaiah Erhiawarien, Lagos

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