Hebron Start-up Lab is technically one of the clusters in Covenant University’s and operates as a Start-up Accelerator aimed at taking ideas from Concept to Product to Market.
Though the Lab was founded in November 2016, efforts have been made earlier in the University to drive innovation, enterprise, and the transformation of ideas via platforms such as the Dreamers’ project and the Visioners’ project. To stir the culture of innovation, facilitate the commercialization of research output and enable the transformation of concepts into market-ready products, Stephen Oluwatobi got approval to proceed with the establishment of the Hebron Start-Up Lab (HSL).
Our reputation to make things happen as well as our capacity to cultivate and support talents, skills and entrepreneurs are reflected in the quality of our graduates. Some of the companies founded by our graduates include Softcom, Kora Pay, PiggyVest, Thrive Agric, Level UP, etc. These were delivered with available resources, support from the University as well as from the external community who helped to give exposure, mentoring, training, opportunities, and support.
This plan is to scale and achieve more results that will create value, opportunities, and wealth for many more.
The Mission of the Hebron Start-up Lab is aimed at the delivery of the Covenant University’s vision of raising a new generation of leaders; hence, the lab’s mission is to cultivate high-growth entrepreneurs, talents, and teams to solve problems through entrepreneurship and innovation.
The mission is expressed as follows:
These are to contribute to the University’s vision to become one of the top ten University’s in the world in 2022. Thus, we explore opportunities to commercialize research, generate industry income, create job opportunities, and create wealth.
In line with the Covenant University Core Values (Spirituality, Integrity, Possibility-Mentality, Capacity-building, Responsibility, and Sacrifice), the following are the values that govern the lab’s operations
Our Strategic Goal is to generate 30 high-growth start-ups within the next 3 years.
Our target drive is to generate 10 start-ups per year.
The strategy for working towards this are encapsulated in the following:
The delivery of these, however, depends on the quality and volume of talents capable of creating solutions entrepreneurially; hence, efforts have been invested in talent development and the building of a talent pool community.
Chair, HSL Board & Founder, HSL
Board Member & Curator, HSL
Board Member & Manager, HSL Studio
Lead, Venture Acceleration
Lead, Venture Support
Lead, Tech & IT
Hebron Start-up Lab serves mainly early-stage start-ups and spinoffs, start-ups from pre-seed and seed stage, and spin-offs from research output with market viability.
The areas of focus include…
To maximize the success rate and ensure the success of the Start-up and Spinoff companies, the Hebron Start-up Lab leverages on the core competencies of the University.
This will help the Start-up/Spinoff companies save cost, share resources and leverage on existing knowledge, experience, and opportunities.
Some of these are presented as follows: