As SIMAD iLab marks another milestone, the 2024 Annual Report highlights a year filled with groundbreaking achievements, transformative programs, and a commitment to driving innovation and entrepreneurship in Somalia. From launching new initiatives to expanding global partnerships, SIMAD iLab continues to be a beacon of opportunity for Somali youth.

Key Highlights of 2024

• Six Years of Innovation: Over 2,500 youth trained, 110 startups incubated, 500+ women empowered, and $70,000 in startup grants awarded.
• LEAP Microfinance Initiative: $1 million fund launched, providing up to $15,000 in financing for young entrepreneurs.
• Tech & Digital Innovation: IoT Certification Program, AI Lab workshops, and WeFab Demo Day showcased cutting-edge projects.
• International Collaborations: Participation in BIC Africa Annual Gathering and HUBiquitous TechHub Catalyst Program.
• Suuqa SIMAD 2024 Expo: Brought together 5,000+ attendees, startups, and industry leaders for networking and knowledge exchange.

Looking Ahead to 2025

With a strong foundation built over six years, SIMAD iLab is setting ambitious goals for 2025. Plans include scaling leadership programs, expanding access to digital tools for underserved communities, and strengthening partnerships to drive sustainable impact.

The SIMAD iLab 2024 Annual Report is a testament to the dedication, resilience, and innovative spirit of Somali youth. As we look to the future, we remain committed to fostering a vibrant ecosystem where ideas transform into impactful solutions.

For a deeper dive into SIMAD iLab’s 2024 achievements, you can upload and explore the full annual report here.