Profile lofty inc 2012me
- 1. LOFTYINC ALLIED PARTNERS LIMITED RC 801719 Supporting Innovators, Growing Businesses………… Lagos – Houston - Accra www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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) www.loftyincltd.biz
- 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) www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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. www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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 www.loftyincltd.biz
- 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) www.loftyincltd.biz
- 18. Org Chart www.loftyincltd.biz
- 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. www.loftyincltd.biz
- 20. Contact us… solutions@loftyincltd.biz Plot 397B, George Crescent Agbalajobi Estate, Off Wempco Road Ogba-Ikeja, Lagos Nigeria www.loftyincltd.biz