The event, hosted with the purpose of identifying the role of Artificial Intelligence (AI) in business, brought together industry professionals, entrepreneurs, and AI enthusiasts for an educative session of expert-led discussions, panel conversations, and networking opportunities.

The AI in Business meetup served as an engaging forum where participants discuss AI-driven business solutions, covering topics such as AI in project management, content creation, marketing optimization, and business analysis. In attendance are business owners, project managers, and marketers eager to understand how AI can ease decision-making and help in efficient operation.

The session started with networking over coffee, allowing participants to connect (meet and greet) before going into enlightening discussions led by experts.

Speakers included Philip Madaubuchi and Michael Osumo, who provided a wide overview of AI’s impact on business.

Michael Osumo, Program Manager at InstigLabs, emphasized the importance of AI in business, stating, “AI is no longer a futuristic concept; it’s a present-day tool that businesses must leverage to stay competitive. Our goal with this event is to help professionals understand how to integrate AI into their operations effectively.”

Oluwadamilare Akinpelu shared practical insights on leveraging AI for content creation, while Damilola Ogunfowora covered AI-powered business intelligence for strategic decision-making.

Damilola Ogunfowora, Growth Manager at The Adrenalina, highlighted AI’s potential, saying, “Artificial intelligence is changing the businesses approach to problem-solving and decision-making. Events like this are needed in helping entrepreneurs and professionals tap into these advancements.”

Throughout the event, attendees participated in breakout sessions, exchanging ideas and forming valuable professional connections. The engaging and interactive format of discussions, real world relevance of applications shared, and networking opportunities provided, have stimulated positive feedbacks from the participants

Phillip Maduabuchi, TEF Alumni Lagos Lead, reflected on the event’s impact, stating, “Bringing together entrepreneurs, AI experts, and business leaders in one room creates a powerful synergy. This event is a step toward raising AI-driven business growth across industries.”

To extend the conversation beyond the meetup, a WhatsApp community named “AI in Business” has been created to increase ongoing knowledge sharing, networking, and collaboration on AI-driven business solutions.

It is no doubt, industries are now leveraging the use of AI for efficient operation in different.

About Instig Labs

Instig Labs is a business incubation platform that provides a watering bed for pre-seed startups in the tech space through various support systems.

Pan-African, sector agnostic, and technology-focused, Instig Labs aims to facilitate investment funds for at least 10 startups and create over 200 jobs by the end of 2024.

The Adrenalina provides working spaces and collaborative opportunities for entrepreneurs, creatives, and freelancers on a subscription basis, amongst other services. Facilities include workspaces, conference rooms, virtual assistants, a mini lounge, a state of the arts production studio, and cutting-edge internet connectivity, provided by Elon Musk’s Starlink.

At its official launch, held recently at its cozy office in Yaba, Lagos, the company also expressed its commitment to the capacity development of young Africans.

According to Chukwuerika Achum, the CEO,  the Adrenalina is creating an environment where budding creatives and entrepreneurs can freely work, innovate and collaborate.

“Africa is the next frontier for economic development, and its teeming youths are the key to the actualization of a prosperous future. Therefore, we want to enhance the capacity of these young people to create and grow businesses.”

“We are seeking to de-risk the process of setting up a business, by taking off the burden of capital requirements such as infrastructure and regulatory requirements. We are also providing financial structuring, helping business to get structured into entities that can access financing,” Achum added.

He also added that the company has future plans to expand to other cities in Africa.

“We are not just building a business, we are creating an ecosystem that constantly delivers value to our community as well as the public,” said Tejumade Salami, head of Business excellence.

According to Salami, the Adrenalina has rolled out a series of initiatives to educate and entertain. These include series of events and trainings, a newsletter, and a periodic podcast called Voltzzzz.

Voltzz is a 30-minute interactive podcast that features celebrities from various fields discussing relevant topics. It can be accessed on digital hosting platforms such as Sound Cloud, and via the social media.

“With Voltzzz, we are creating a social space to contribute positively to trending issues in the society,” said Hilda Edet, Podcast co-host and head of Customer Service Excellence.

“The discussions are not limited to the podcasts because members of our online community are also encouraged to participate. Through this we can receive feedback on our operations,” Edet added.

According to Ayodele Arowosegbe, Marketing Consultant for the outfit, the Adrenalina will serve as an incubator for startups springing up in Nigeria.

“As Africa attempts to emerge as a competitive economic powerhouse, the continent has become a hub for start-ups. The Adrenalina is poised to help facilitate this transformation,” said Arowosegbe.

Investment into the African tech startup ecosystem passed the US$3 billion mark in 2022. According to Statista, Nigeria has the highest number of startups on the continent, numbering over 3,360 in 2022.

The Adrenalina provides working spaces and collaborative opportunities for entrepreneurs, creatives, and freelancers on a subscription basis, amongst other services.

According to Tejumade Salami, Head of Business Success Excellence, The Adrenalina delivers enterprise-centric services to emerging businesses in Africa. These include both physical and virtual spaces as office and hosting venues, infrastructure support, training, business intelligence and business support services.

“The idea is to enable creatives, entrepreneurs and freelancers to have more enhancing environments to work, innovate and collaborate,” said Salami. “Beyond the services we provide, we are looking to build an ecosystem by integrating a lot of value-driving initiatives to enhance the growth and success of our subscribers.”

Salami added that the company will host events such as book readings and seminars, and publish a periodic newsletter and podcast to educate and entertain.

With a growing youthful population and increased connectivity to the global community via digitalization, Africa continues to experience the emergence and growth of Small and Medium Scale Enterprises (SMEs). According to the World bank, SMEs make up over 90 percent of businesses and account for over 40 percent of the GDP in developing economies. In Nigeria, service-based industries like technology, media and consulting agencies continue to experience rapid growth. Co-working communities like The Adrenalina provide the vital support and infrastructure needed for these emerging enterprises.

“We believe that Africa is rising and we want to be a significant part of this transformation by creating a community where people can work, think and collaborate for success,” said Chukwuerika Achum, the CEO.

According to Achum, the government’s role as the principal employer of labour is reducing and the highly innovative start-ups of today will play a significant role in Africa’s future.

“We want to encourage this shift by supporting small and micro businesses in Africa through access to vital facilities, collaborations and training. In the future, we hope to help businesses get structured and connected to funding,” Achum added.

said Ayodele Arowosegbe, the company’s Marketing Consultant. “What we are creating is beyond a business. It is a community; it is a lifestyle.”

The Adrenalina is set to open for business in March 2023.