Kenya aims to grow its ICT sector and become one the top 10 ICT hubs in the world. As part of this master plan, the Kenyan government today launched a $1.6 million public-private sector partnership with Nailab to create a Tech Business Incubation program that supports Kenyan ICT startups.
Nailab (www.nailab.co.ke) is a Kenyan tech business incubator based in Nairobi that was launched two years ago. Nailab looks to lowering the entry barriers for ICT entrepreneurs who want to start and scale their businesses in Kenya. Business Incubation provides entrepreneurs with access to critical information, education, contacts, capital and other resources crucial to the growth of the business that may otherwise be unaffordable, inaccessible, or otherwise unknown to the ICT Startups in Kenya.
Nailab was a joint venture launched in 2011 by Nailab Ltd in partnership with the crowd-funding platform 1%CLUB (www.onepercentclub.com) and consultancy firm Accenture. Nailab founder Sam Gichuru says that “The idea was to create a business incubator in Nairobi whose main role was to stimulate innovation, provide a space for these ideas to be worked on with little financial strain as possible and provide the appropriate guidance necessary to do so.”
He further adds that “the Nailab focuses on early stage business ideas that are likely to have a large social and economic impact, are highly scalable, require minimum investments to prototype, and have a strong value proposition. With this tech business incubation program we can scale our ambition and support more ICT startups. It is our ambition to create the next generation of successful ICT companies of Kenya.”
Nailab has been contracted by the Kenya ICT Board (KICTB) to pilot the National Business Incubation program for companies with high growth potential. This project is an initiative of the Kenyan Ministry of Information and Communications under the World Bank and funded by the Kenya Transparency & Infrastructure Project.
The program’s main goal will be to build a program, support infrastructure and outreach with successes being replicated in other parts of the country. “The growth in Kenya’s economy is pegged on how many profitable businesses we are able to build and sustain. This project displays the government’s commitment towards supporting SME’s and growing Kenya as an ICT destination”, said the PS in the Ministry of Information and Communications, Dr. Bitange Ndemo.
Nailab hopes that a focus on the enablement of Small and Medium ICT Enterprises (SMEs) will contribute largely to Kenya’s economic development by providing jobs and income, expanding the middle class, broadening the tax base, and ultimately decreasing poverty levels.
Nailab (http://Nailab.co.ke) in Nairobi, Kenya, offers an inspiring professional working space for people in Nairobi with Smart Ideas and connects them with People, Money and Knowledge around the world. Nailab incubator focuses on incubating knowledge driven (intelligent) businesses. The typical Nailab incubatee consists of a team comprising a business graduate, an industry expert and an ICT expert.
1%CLUB (www.onepercentclub.com) is the online platform that connects people who have smart ideas with people, money and knowledge around the world. We are talking about sustainable projects that stimulate the self-reliance of individuals anywhere in the world and improve their standard of living. To achieve this, we need three things: a little bit of your knowledge, money, or time. You choose how, when, and to what extent you want to participate. The people that run the projects that you are involved in keep you informed on their progress.