The incubator encourages and supports businesses that solve socioeconomic problems in their communities. It particularly focuses on women-led or owned businesses. 

Wennovation Hub is a start-up incubator and accelerator working to create high-impact businesses. It was established in 2010, in Nigeria, and officially opened in 2011 to help achieve sustainable development in Africa by encouraging youth innovation.  

Born of a partnership between venture capital firm LoftInc Capital Management and the non-profit organization Africa Leadership Forum, its role is to train innovators through tailor-made programs that turn ideas into successful businesses.  It focuses on high-impact sectors such as education, agriculture, healthcare, clean energy, and infrastructure, among others, and emphasizes job creation in its programs.

It also offers modern coworking spaces at its three Nigerian campuses based in Ibadan, Lagos, and Abuja. The spaces are equipped with the essential technical tools that bright minds need to come up with business ideas. It also offers office space to entrepreneurs and founders, small and medium-sized enterprises, middle managers, freelancers, and creative artists.

In November 2022, the incubator announced its expansion outside Africa, starting with Barbados. In partnership with youth empowerment organization The Next Economy, it recently launched an incubation program targetting early-stage companies founded or co-founded by women.   

To date, Wennovation Hub has supported over 450 start-up teams and more than 150 women-led businesses, creating more than 12,500 jobs in the process. They include Asusu, which promotes the digitization and financial inclusion of cooperatives, and Afrimash, which is an online destination for farmers looking for poultry, fish, and livestock.

Its partners include AfriLabs, LoftInc Group, the Bill and Melinda Gates Foundation, Lagos Angel Network, Emory University, Total Energy, and the University of Ibadan.

Melchior Koba