Impact Hub launches New Economy Booster

 Gboyega Alaka

LAGOS venture builder firm, Impact Hub, on Friday launched New Economy Booster programme for forward looking business ventures in the post Covid-19 era.

The programme, which was launched via Zoom, is supported by the German Ministry of Economic Co-operation and Development and will seek to mentor 500 participants -250 in Nigeria and another 250 in Ghana.

According to Impact Hub MD, Patrick Eromosele, The New Economy Booster, which is open to five broad-based industries- creative industry, healthcare, education, agriculture and trade, will provide entrepreneurs with access to resources that they need to ensure their sustainability post-Covid-19.

“We know the environment that we are in, and from all indications, we know that recession is almost inevitable. This programme is about looking at what the facts are and the fact that we are going to need very deliberate actions, if we’re going to recover economically from the effects of Covid-19,” Eromosele said.

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The programme, which will be free, is open to organisations with good ideas that are able to scale and have real impact.

Each of the 250, will be pruned down to 50, who will be getting hours of mentoring by connecting them to the global network for support, while a final 15 will be selected and given “a very hands-on acceleration investment readiness programme.”

Eromosel said application for the programme, which will run till February, 2012, has already commenced and will run for another three weeks.