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Nigeria's innovation hubs focus on turning startups into viable businesses

The Innovation Support Network will host its seventh annual gathering in Lagos next month to address how Nigeria can scale tech businesses beyond initial funding.

Nigeria's innovation ecosystem is facing pressure to convert startup funding and technology development into commercially viable businesses, as innovation hubs, investors and policymakers prepare to examine how the country can build a more competitive digital economy. The seventh Innovation Support Network (ISN) Annual Gathering will take place on November 13, 2026, at The Lekki Coliseum in Lagos under the theme "Engineering Nigeria's Future Digital Economy."

The challenge extends beyond attracting capital or encouraging new technology ventures. According to ISN, startups need more than initial investment to survive and expand. They require access to customers, skilled workers, reliable infrastructure, supportive policies and distribution channels that enable them to compete. For Nigeria's technology sector, the distinction between developing a solution and building a sustainable business is critical, with technology-driven businesses expected to contribute to productivity, employment and enterprise growth.

The gathering will bring together startup founders, innovation hub managers, venture capitalists, angel investors, policymakers, technology companies and development partners. ISN operates a network of more than 230 innovation and technology hubs. According to ISN, the annual gathering will examine how these hubs and other stakeholders could support the development and commercialisation of homegrown solutions, scale technology-enabled businesses and create stronger links between talent, ideas, infrastructure, funding and markets.

The programme will include high-level panel sessions on digital transformation, innovation policy, entrepreneurship and economic growth, alongside a technology showcase featuring products, emerging technologies and digital solutions. Dedicated investment and partnership platforms, including a deal room, will connect founders and growth-stage businesses with investors, companies and other potential partners. A career centre will provide an avenue for linking talent with employment opportunities.

ISN said the gathering would also provide a platform for stakeholders to explore the policy support, investment, digital skills and collaboration needed to build a resilient and globally competitive digital economy. The organisation is inviting corporate organisations, government institutions, development agencies and technology companies to participate through sponsorship, exhibitions, knowledge-sharing engagements and strategic partnerships.

For Nigeria, the timing reflects the growing importance of digital technologies in shaping enterprise development, financial inclusion, public service delivery and employment. For the country to capture more value from this transition, innovation must extend beyond technology adoption to the development of competitive businesses capable of serving domestic demand and accessing international markets. For entrepreneurs and investors, this means that access to customers and sustained commercial partnerships will determine whether innovation support translates into measurable business outcomes.