Somalian incubator SIMAD iLab has incubated almost 50 startups; expands its offering
- SIMAD iLab has incubated almost 50 startups, who have raised more than US$500,000 between them.
- The hub has expanded to include an innovation theatre, a creative digital studio, an executive space, and a dedicated space for startups and MSMEs.
- The expansion is a response to the increasing demand from Somali youth to expand the reach, capability, and facilities of SIMAD iLab.
The success and expansion of SIMAD iLab demonstrate the growing potential of the Somali startup ecosystem. The incubator's impact on the local youth and its efforts to address unemployment are commendable. The expansion shows a positive response to the demand for more resources and support for tech startups in Somalia.
