2. What We Do…
We incubate innovative start-ups
Provide operating resources for start-ups through our platform- Wennovation
Hub
Develop M&E Standards, and implement them in Enterprise Development Ctrs
Provide access to funding & network for member entities
Provide strategic advice and management know-how to start-ups
Focused on : Technology, Healthcare & Energy
Provide Project Management & Delivery Services for
Early stage projects (Project Incubation) focused on organizing markets
Manage executions on behalf of foreign companies introducing new products
to market
Investment Projects & Programs of Partner Entities
Others
Deal advising for start-ups seeking funds and/or partnerships.
Frontier Market Research on capital markets and economy for overseas
partners
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3. Why we are…
Our Mission Statement
To contribute to the enhancement of lives by creatively investing
in ideas and entrepreneurs, while positively changing the broader
society.
Our Goal
Is to emerge as a leading venture incubation firm and employer in
West Africa
Our Values
Quality + Integrity + Performance = Excellence
Differentiators
We focus on innovation as the engine of job growth
We invest in individuals and ideas (the seeds of innovation)
We build companies that contribute to society (beyond profits)
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4. Start-Up Incubation Group…
“We”nnovation HUBTM
DETAILS
•Located in Ikeja, Lagos Nigeria
•Occupies a 1 500 sq. ft. space (primary)
•Provides office space, training center for start-up
entrepreneurs
•Operated in Partnership with Africa Leadership
Forum (Africa’s Leading Think-Tank)
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5. Partners…
Developing domestic and overseas partnerships is central to achieving our strategic
objectives
Partnerships developed since 2008 include:
Africa Leadership Forum- Nigeria based non-profit & think tank
Partnership launch Wennovation Hub as a platform for start-up incubation
Sanghata Institute of Global Entrepreneurship/GrayGhost Partners
Global partnership providing funding and support to frontier markets
entrepreneurs using trained externs from Monterey Institute of Int. Studies
Project Diaspora- US based non-profit
Provides access to critical Diaspora resources focused on reverse brain drain
University of Lagos
Proposed host for First Africa Innovation Conference, Pipeline Program for
Entrepreneurs
Massachusetts Institute of Technology, Accelerated Info Tech Initiative
Partner to launch mobile development camp to train and seed development
Coys
Oxbridge’s Africa Innovation Prize, University of Cambridge UK
Partnership to launch Wennovation Hunt in 2012 of business plan competitions
targeted at Universities ; to be multi-sector focused
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6. The Wennovation Model…
At the heart of the wennovation model was the need to create an AFFORDABLE and QUICK
path to innovative entrepreneurship that maximizes the scale of non-profit techniques,
with the efficiency offered by the for-profit approach to entrepreneurship development;
while fostering COLLABORATIVE PARTNERSHIP to achieve these ends.
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7. Achievements…
At least six new entities launched annually since 2008
Wennovation Hub as primary incubation platform launched in 2010
Over thirty start-up entities utilized the WennoConsulting program since
April, 2011
Up to eight companies undergoing incubation and/or product
development at the Wennovation Hub
Wennovation Camp focused on creating pipeline of entrepreneurs by
forging strong links between local and foreign universities launched in
Summer, 2011
Cycle focused on mobile application development launched at
University of Ibadan, Nigeria with Massachusetts Institute of
Technology’s Accelerated Information Technology Initiative
Six mobile application products developed, three teams selected for
incubation
Entry by three overseas firms into Nigeria’s market currently being
supported by firm
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8. VERTEXT MEDIA LIMITED
VERTEXT
MEDIA LTD Oceanbase
Operated
by
…a platform of innovation
www.wennovationhub.com
WennoConsulting – WennoCamp – Wennovation Platform- LoftyInc Angel Network
9. Start-Up Incubation Initiatives…
African Innovation Prize
Business Plan Competition as a pipeline for innovation
Lagos Angel Network
Developing an angel network for West Africa
Shiloh JV
Leveraging Wennovation Camp 1.0
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10. Project Incubation Group…
Comprises of core group of professionals with a combined experience that exceed
100 years in the oil and gas industry (spans three continents) and Project
Management. Also serve the Healthcare & Technology Industries
2008: LoftyInc Allied Partners Limited is founded
2009: LoftyInc is registered
2009: LoftyInc’s sub-regional sister company, LoftyInc PM Group is registered with
Ghanaian regulator (Ghana National Petroleum Company –GNPC). Appointed
representative of Performance Energy USA LLC.
2010: LoftyInc kick-off two major project wins with diverse clientele:
Conceptual engineering and planning for Eko Water Bus Limited- an urban
transportation project
Conceptual planning and design of robust distribution system in Nigeria for
AfriCeuticals Inc – a US based healthcare company
Capabilities
Market Entry Strategy & Execution for entrants
Project Management & Execution for third parties
Interface Management for Technical Partnerships
Representation & Facilitation
Project Conceptual Design & Integration
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11. What we do…
We provide representation and facilitation to
potential clients wanting to make entry into the local
market without the local content handicap (based
overseas)
Our Focus are:
Market Entry for Equipment Suppliers & Vendors based
overseas
JV Pursuits for domestic clients
Contract & Project Management in key sectors
Focus on holding on to significant customers and
projects
Win multi-year cycle projects (umbrella agreements) with
NAPIMS Partners, NGC & NPDC (Improve Projects)
Enhanced gas capabilities
Customer satisfaction via cost savings and efficiency
improvement based engineering
Provide Value Added Services
Project Management
Team Selection & In-Country Management
We focus on broad based in-country partners
serving the multinationals and the government oil
company
12. Our Proprietary Project Execution System
Shorebase Project Execution Plan is the basis of project
initiation, implementation, management (delivery, costing and
scheduling) and handover within LoftyInc Project
Management Group
It is based on the industry wide accepted gated approach to
project management and represents best practices with
safety and risk management at its core.
Proprietary task sheets to assist project managers and team
project members to flawlessly execute projects the SPES way
have been developed by LoftyInc for utilization companywide
The system is augmented by a series of plans that detail the
execution methodologies for each area of project delivery.
These are grouped under the following categories:
HSE Planning
Project Initiation
Project Kickoff
Project Planning and Controls
Engineering Execution
Progress Tracking
Project Procurement Plan
Cost Management
Commissioning
Closeout and Handover
13. Project Incubation Clients…
US based healthcare products portfolio manager
& brand with generic drugs intent on expanding
into Nigeria in 2012. Client since 2010.
US based technology products design,
development and sales company focused on
cutting edge developments like biometrics, energy
and consumer solution. Market Entry Client since
2011
Project & Interface Management of Technical
Partnership for Nigeria Oil/Gas Contract Bid &
Potential Execution in 2012. Client since 2008
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14. Project Incubation Clients…
Vessel & Marine Equipment Provider for the Oil & Gas Industry;
LoftyInc provides R&F services to end users in Nigeria since 2011
Tiger Medical Group is a US owned but China based
medical consumables provider specializing in bulk supply
and manufacturing. Market Entry Client Since 2011
Developed Conceptual Design & Bankable
Business Plan for Eko Water Buses Limited. 2010
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15. Ongoing Projects/Scope of Work
Market Entry Clients
Monetize Apex Vessels in WA
Secure Contract through Local Partner for PES
Lone Star Consortium
Distressed Asset Transaction
Requires resource dedication, lean forward
New Market Opportunities
Raotech Solutions – Downstream Service Provider
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16. Our People…
Michael Oluwagbemi
BSEE (Summa Cum Laude), MSEE (Electrical Engineering)
(USA), PMP (USA), MBA-IV (UK)
Serial Entrepreneur, Technology Management Expert
Co-founder/Executive Partner: Overseas Strategy
Development, Global Operations & Partnership
Development
Wole Odetayo
Healthcare Professional, BBA-IV (London)
Serial Entrepreneur & Business Operator
Co-Founder/Managing Partner: Oversees Operations in
Nigeria & Start-Up Incubation Business
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17. Our People…
Damilola Agboola
BBA (Management & Supply Chain Management) –University
Of Houston, Texas, U.S.A. CAPM (PMI-USA)
Partner: Overseas Operations in USA & Project Incubation
Business
Senior Associates Associates & Consultants
Idris Bello, EMBA (Rice), M.Sc
Associates & Staff
Ayokunle Akinrotimi BBA
Dominic Agbo, LLB, BL
Consultants
Bosun Adeoti, MSEE (Mass. Institute of Technology)
Tomi Lagundoye, LLM (UT), B.L (Ibadan)
Tayo V. Omiyale, BBA (OU), MBA (UNT), CPA
Bunmi Oluwagbemi, LLB, B.L (Nigeria)
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19. Our Advisors…
Marsha Wulff: Founder of Wulff Capital & Afroceuticals Inc, a
venture capital organization with numerous projects in Uganda,
South Africa & Kenya. A former VP of Investments at Dean
Witter (now Morgan Stanley) & manager private equity
investment portfolio in medtech. AfriCeuticals is currently
growing a line of products in East & West Africa.
Okezie Ofoegbu: Wharton Business School Alumni & Principal
Partner at Libera Partners. Former Vice President, Emerging
Capital Partners (US Based 1.8 Billion dollar Private Equity Firm
investing in over 40 (forty) African Countries, including Nigeria.
He is based in the US
Chinedu Okpareke: CEO, Anambra Investments & Promotion
Agency; Ag. CEO Imo Wonderlake Development Company.
Board member at Oando Holdings. An alumni of Wharton
Business School, he serves on the Advisory Board of LoftyInc
Allied Partners Limited.
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20. Contact us…
solutions@loftyincltd.biz
Plot 397B, George Crescent
Agbalajobi Estate, Off Wempco Road
Ogba-Ikeja, Lagos
Nigeria
www.loftyincltd.biz