Accelerate Labs
Accelerating The Economy Through Youth in Enterprise

According  to the National Bureau of Statistics (NBS), Nigeria, out of total youth labor force of 38.2m (representing 48.7% of total labor force in Nigeria of 78.48mn. a total of 15.2m of them were either unemployed or underemployed in the Q1 (first quarter) of 2016, representing a youth unemployment rate of 42.24%. This leaves unemployment rate high and having young people practically with no opportunities to participate in the markets; an irony in a predominantly youth nation.

Over the years, it has become apparent that the development of a nation is hinged on its younger generation; therefore, Accelerate LABS will be activating the small and medium scale engine to accelerate economic development through enterprise development and technology incubation. The goal of this project is to equip 2,160 youths (across the 6 geo-political zones in Nigeria) by building socially inclined , high profit, and highly competitive enterprise capable of impacting the Gross Domestic Product (GDP) of the country. At Accelerate Labs, we don’t  just help in funding business ideas and promote nation building, we also aim at aiding youths to reach their full potential, through seminars/mentoring/research and practice.

“The Future project is expanding on accelerate LABS to build and empower
young citizens that are willing to contribute to the development in Nigeria.
 With the new businesses that will be supported through trainings and mentorship,
there are immense opportunities to create jobs and also provide young entrepreneurs
wider access to useful knowledge and strategies in building more successful businesses.”
Bukonla Adebakin,
                                                                                                       Deputy Chief Operating Officer, The Future Project.
  • Six Geo-Political Zones

    Six Geo-Political Zones

    • North Central – Federal Capital Territory
    • North East – Bauchi
    • North West – Kaduna
    • South East – Abia
    • South South – Edo
    • South West – Lagos
  • Twelve Months

    Twelve Months

  • Three Streams

    Three Streams

Our Mission
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At the end of one year, Accelerate Labs will empower youths to develop empathy, find clarity of purpose and the needed resources build socially responsible enterprises in their communities.

Technology 100%

Training 100%

Knowledge 100%

Mentors 100%

Seed-Funding 100%

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An idea?

Let’s make something beautiful together.

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