STANBIC IBTC has launched its ‘Blue Lab’, a facility that avails start-ups and small and medium enterprises, SMEs, the platform to incubate and actualise their dreams.

Demola Sogunle, chief executive, Stanbic IBTC Bank, said the new technologies alone will not guarantee future success, saying the ever-changing demands of today’s highly informed consumers make continuous innovation inevitable.

During the inauguration of thep platform, he said the   innovation was imperative to secure the future of any enterprise.  He noted that Located at Yaba, 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,” he said.

Sogunle further 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.

Titi Odunfa-Adeoye, founder and managing director, Sankore Investments, commended Stanbic IBTC for its foresight in championing the innovation revolution in Nigeria, adding that the bank showed uncommon interest in partnering with her organisation, which according to her facilitated the growth of Sankore.

On his part, Tunji Elesho, managing partner, Co-Creation Hub, noted that the establishment of the innovation lab by Stanbic IBTC was not by happenstance.

– Mar. 16, 2018 @ 14:38 GMT |