Intellectual Property (IP) Labs – Incubation and Acceleration Program
Leveraging IP for Business; from IP to Marketable Products
What is IP Labs?
The IP Labs is a WIPO project designed to help idea-stage startups in Nigeria to develop their ideas, build them into scalable products, and leverage IP for prosperity. IP Labs will enhance IP awareness for startups in Nigeria on leveraging IP for business, assist startups to create minimum viable products (MVPs), develop pitch decks and secure relevant IP rights for their inventions, as well as connect startups with mentors, investors, and other stakeholders in the innovation ecosystem. This Pilot, implemented by The Orbra Company, is designed to run from August to December 2023.
Through WIPO’s IP Management Clinics, beneficiaries will learn to use IP as a business development and financing strategy. The project will be implemented in two stages.
- Stage one (1) is a general mentoring program on startup development, design-thinking, pitching, introduction to intellectual property for entry-stage startups.
- Stage two (2) is for incubation, acceleration and IP Management Clinics (IPMC).
IP Labs will help startups leverage IP protection to grow their businesses, create jobs, and contribute to the economic growth of Nigeria.
Many great ideas with the potential to transform lives and shape our communities do not see the light of day because the founders and innovators do not have the requisite knowledge and necessary support to turn their ideas into viable and scalable solutions/products. WIPO IP Labs Incubation and Acceleration program is designed to help bridge this gap by supporting innovators to transform their ideas into marketable products, thereby creating economic prosperity for all. We are excited about this as we believe it is the beginning of a massive economic transformation of Nigeria as a whole.Mr. Ololade Otayemi, Founder, Orbra Company