Innov'Lab Fosters a Thriving Entrepreneurial Ecosystem in Comoros

By : Melchior Koba

Date : mardi, 28 novembre 2023 17:50

Through its pre-incubation, incubation, and acceleration programs, Innov'Lab provides resources and support to Comorian entrepreneurs, contributing to economic growth and job creation in the country.

Innov'Lab, a business incubator established by the Union of Chamber of Commerce, Industry & Handicrafts of Comoros (UCCIA), is dedicated to fostering and supporting innovative project leaders across various sectors, including the social and solidarity economy, digital, agrifood, tourism, and the environment.

Founded in February 2017, Innov'Lab assists project holders in their endeavors to secure funding, navigate legal formalities, develop effective communication strategies, and enhance their management and accounting skills.

The incubator offers a comprehensive range of support programs tailored to the specific needs of aspiring entrepreneurs. Its pre-incubation program provides project holders with 10 days of intensive coaching or four months of ongoing support, enabling them to refine their ideas and gain valuable insights into the entrepreneurial journey.

Innov'Lab's incubation program, spanning two years, offers startups personalized guidance and mentorship, empowering them to develop their business concepts and prepare for market entry. Established companies can also benefit from Innov'Lab's accelerated growth program, which facilitates fundraising, branch expansion, and internationalization strategies.

Participants in Innov'Lab's programs gain access to a robust network of partners, including financial institutions and social enterprises, as well as various financing instruments. They also benefit from Innov'Lab's expertise in social media marketing and access to its network of mentors.

Innov'Lab provides a dedicated coworking space, fostering collaboration and knowledge sharing among startups. The incubator also offers conference rooms equipped for meetings and professional events, creating a conducive environment for networking and business development.

Since its inception, it has successfully incubated over 60 companies, provided training and support to over 400 aspiring entrepreneurs, and organized more than 10 events. The incubator collaborates with a range of technical partners, such as Meck Moroni for credit facilitation, the SHINOON platform for crowdfunding campaigns, and ORTC for media coverage.

Melchior Koba


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