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Business incubators by Businessyard
1.
©Businessyard 2013
2.
What it is Business
incubation is a business support process that accelerates the successful development of start-up and fledgling companies by providing entrepreneurs with an array of targeted resources and services. These services are usually developed or orchestrated by incubator management and offered both in the business incubator and through its network of contacts. ©Businessyard 2013
3.
How it works Incubators
vary in their strategies. Some are located in an actual physical space meant to foster networking among entrepreneurs and their coaches. Others operate on a virtual basis. Incubators sometimes call themselves accelerators instead, often when they’re geared toward jumpstarting businesses that are more developed. Many have potential capital to invest, or links to potential funding sources. There’s access to services such as accountants and lawyers - not to mention invaluable coaching and networking connections through the staff and other entrepreneurs at the incubator ©Businessyard 2013
4.
Your business not
only gets access to a potential buffet of capital choices, but also a host of intangible benefits including mentorship, expertise and networking The very benefits that can make incubators so useful -- constant mentorship and networking with entrepreneurs -- can damage your focus during crucial early stages ©Businessyard 2013
5.
1. Apply for
the program or send us a request online. 2. Application is subjected to a set of selection criteria 3. Once approved, the application is directed to the Businessyard board 4. Corporate incubation is offered through a match making process, where the incubator chooses the company it wants to incubate based on its own evaluation of the services and support it can offer the incubated company. 5. Each incubator assigns a principal mentor , The mentor ensures adequate support to the incubated company through direct interaction with him/herself and other mentors in the incubator 6. Seed funding (which controls the funding process offered based on a submitted budget with maximum funding of 15,000USD) 7. The budget linked to certain milestones and assigned mentor from the incubator is entrusted with monitoring the expenditures of incubated company. Businessyard Incubation Process ©Businessyard 2013
6.
Businessyard offer Consultation Advice Support Assistance Project Evaluation Business
Planning Risk Assessment ©Businessyard 2013
7.
Thanks for Listening! © Businessyard
2013
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