Denis Opudo
Nailab is a Kenyan based Incubation lab which was launched in 2010 in Nairobi. The company was launched with the aim of becoming the Kenyan Y Combinator according to Nailab CEO Sam Gichuru. The CEO, later on, realized that the only way to achieve that must be a lot of money at their disposal and that’s what led them to start as a co-working space.
During their operation, the company realized that they were operating in a market that used to raise between $10 to $20,000 that are growing and that called for having a seed fund. The Nairobi Incubation Lab, which invests $25,000 in East African startups, looks for Kenya-based startups with the potential to be highly scalable and able to make a social and economic impact.
Startups in Africa are said to be different from those found in the other parts of the world, and this is attributed to the fact that Africa is still going through basic problems which they need to solve fast. Survival and thriving of startups require a friendly environment that incorporates all the main economic sectors.
Most African governments have been seen to be reluctant in availing the rightly required resources for the coming startups. Therefore, it calls for the government’s good wheel to realize the development in future.
