Lagos is set to become a hub for innovation, according to a new policy proposal. The Lagos Innovation Bill aims to create a supportive environment for businesses of all sizes to develop and thrive.
The bill has two key parts. First, it will adapt the national Startup Act to better fit the specific needs of Lagos. Second, it goes beyond just startups, encouraging established businesses and corporations to embrace innovation as well.
Imagine a young company with a groundbreaking idea getting partnered with a major telecom provider like MTN or Airtel. The bill also envisions universities acting as incubators, spawning new businesses each year with the backing and guidance of industry leaders. This collaboration between startups, corporations, and academia has the potential to create a booming innovation ecosystem in Lagos.
Source: Daily Trust