Stanbic IBTC Bank has launched Stanbic IBTC Blue Lab, a facility that avails startups and small and medium scale enterprises to help young entrepreneurs build successful businesses and incubate their dreams. The inauguration of the innovation platform took place in Lagos recently with the chief executive of the bank, Dr. Demola Sogunle declaring that constant innovation is imperative to secure the future of any enterprise. He noted that new technologies alone will not guarantee future success, as the ever changing demands of today’s highly informed consumers make continuous innovation inevitable. Located in Lagos, the emerging innovation hub in Nigeria, the facility boasts of meeting and open areas where techprenuers could network, brainstorm, research and nurture innovation and ideas, under a setting that ensures full concentration and support from Stanbic IBTC experts.
“As a member of the Standard Bank group with over 154 years of existence, it is clear that we are here for the long term. We are on a marathon, not a sprint. And we understand the importance of Innovation in sustaining the tempo that is required to remain in business. This is why we have invested in the Stanbic IBTC Blue Lab, an innovation hub that will serve as an incubator for our young thinkers with great ideas. It is a hub that will help to nurture the ideas that will re-write our future. The hub is part of our strategy to lead with innovation”, Sogunle stated. He emphasised that a demonstration of the organisation’s commitment to harnessing innovation and technology to build communities is underscored by its pervasiveness on several social media platforms; including Twitter, Facebook, LinkedIn and Instagram, as well as the establishment of an all-digital branch in Lagos, all designed to make financial products and services easily accessible to a wide array of clientele, including the youth.