Leadspace Soft Launch Event

On Friday, the 14th of October, Passion Incubator launched a new business unit called Leadspace; an alternative commercial real estate business with the sole aim of creating shared infrastructure for entrepreneurs and founders of small and medium size businesses, middle level corporate executives, freelancers and content creators.

The event is aimed towards creating awareness on the challenges of doing business in Nigeria and how Leadspace will be filling that gap. The event was attended by top executives from organizations who support entrepreneurship and innovation. They include The German Ambassador to Nigeria, German Consul General, German Foreign Ministry, Oracle, Google, Microsoft, Fate Foundation, Ford Foundation, LEAP, German Chamber of Commerce and Cleen.

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 The CEO of Leadspace, Olufunbi Falayi began his presentation by shedding light on the reasons for setting up the co-working space, the type of support that would be available to members and the plan to be the single largest network of co-working space in Nigeria.

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He stated that the essence of the co-working initiative is to ease the challenges of doing business in Nigeria. He went on to talk more on those challenges which includes, the huge cost attached to setting up an office especially in Lagos metropolis where entrepreneurs, freelancers and small businesses pay so much for traditional work spaces. He also mentioned the cost of acquiring internet facilities amongst others are undermining the productivity of entrepreneurs.

He also shed light on future projects and plans in setting up more co-working spaces across the nation with a highly subsidized and flexible payment plans that would encourage Entrepreneurs, Start-ups and economic growth ultimately. Ikeja and Ilorin are the most likely options.

Olufunbi stated that in just 2 weeks of operations, 20 businesses had already signed up as members and many potential members had called in for enquiries.

Following the CEO’s presentation, he welcomed comments and suggestions from our guests on the concept of co-working and how it would thrive in our ecosystem.

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After several comments & questions have been answered the event came to an end with an interactive networking session amongst our guests.

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In the end, the event was a huge success that drove positive conversations. Leadspace is indeed positioning itself to be a part of the much needed support system to help develop the entrepreneurship ecosystem in Nigeria.