360Creativehub

Eliminating barriers to entry for fashion designer
Startup name
360Creativehub
Founding date
October 2016
Incorporation
Yes
Total team member
7
Startup stage
Paying users
Category
Consumer
Sector
Social entrepreneurship & Impact
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
City
Surulere, Lagos, Nigeria

Elevator pitch

360 creative hub makes the birth and growth of fashion businesses easier through the provision of affordable equipment and support services geared towards the removal of the barriers to entry in the fashion industry.
Influenced by the concept of co-working, 360 Creative Innovation Hub was born to create that one-stop niche facility dedicated to supporting the dreams of young Fashion designers.

Team

Blessing Ebere Achu

Blessing is the Founder and CEO of 360 Creative Hub. She has over a decade experience in entrepreneurship and Business Development in Nigeria’s Telecommunications Sector. She holds a Bachelor degree in Education and an MBA.She has extensive experience in Business Development and Account Management

Business model

Target customer

Fashion Designers - Emerging and new entrants.Creative Entrepreneurs

Customer acquisition strategy

We acquired our existing customers with a direct sales strategy

Revenue model

360 Creative Hub is a startup that operates on a flexible pay-as-you-go model, where our clients pay daily/weekly/monthly for use of our space and equipment. We also provide consulting services, workshops, and training programs at an affordable fee.

Market info

Market size

$ 16,000,000

Competitors

Competition

360 Creative Innovation HUB competes with a broad range of participants, from the skilled and semi-skilled home sewer to the multinational fashion brand. Our competitors are mainly local fashion-tutoring shops but we are the only fashion incubator and coworking space in Nigeria. None of our competitors offer a dedicated workspace for fashion designers.
A list of competitors include:
● Celebrity Fashion Academy
● The Enterprise Creative Hot House
● Afrinolly Space - Creative Hub

KPI's

  • 1,972 Cosewing space Rental
  • 1,095 Trainings
  • 7,890 Dedicated office Rental

Startup traction

We currently have 7 fashion designers using the hub. We also have 6 dedicated offices, used by creative entrepreneurs who also provide services for the designers. We have successfully trained 50 fashion designers on portfolio development and management (September 2017), generating nearly as much revenue as our coworking space generates each month.

We have secured partnerships with fashion PR agency, Fashion Event Management Company and a business consulting service companies: Fashion Finest Africa, Nigeria Student Fashion and Design Week, Yd Agency, Queturah, and the Business Outliers.

We were selected in the NextEconomy Acceleration 2017 program by CChub. We are also currently undergoing the Enpact Startup Mentoring programme and the hub has been selected by the British Council Creative Hub Programme.

Other information

We currently have 7 fashion designers using the hub. We also have 6 dedicated offices, used by creative entrepreneurs who also provide services for the designers. We have successfully trained 50 fashion designers on portfolio development and management (September 2017), generating nearly as much revenue as our coworking space generates each month.

We have secured partnerships with fashion PR agency, Fashion Event Management Company and a business consulting service companies: Fashion Finest Africa, Nigeria Student Fashion and Design Week, Yd Agency, Queturah, and the Business Outliers.

We were selected in the NextEconomy Acceleration 2017 program by CChub. We are also currently undergoing the Enpact Startup Mentoring programme and the hub has been selected by the British Council Creative Hub Programme.

360 Creative Hub is launching a Fashion Incubation program in 2018, geared towards equipping emerging fashion designers in Nigeria with design and business skills.

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360 Creative Hub is launching a Fashion Incubation program in 2018, geared towards equipping emerging fashion designers in Nigeria with design and business skills. They will also receive exposure and the support of international fashion experts. We want our designers to build a successful fashion business in Nigeria and to become globally competitive. To make the program affordable for the designers, we are asking the three winners to give us 40% of their revenues for the following 5 years.

Other milestones:
● By the end of 2019, we want to be recognized in Nigeria as an enterprising organization who is part of the driving force of developing and mentoring a significant number of design entrepreneurs and SME who can sufficiently use technology to market their brands.
● By year 2020, 360 Creative Hub aims to be at the forefront of creative hubs in Nigeria, inspiring and supporting young minds to fulfill their fashion dreams.
● By the year 2020, we will have produced at least 50 global

Publication date: 19 December 2017