YouthNet Incubation Center (YIC) intends to support and nurture innovative start-ups in their pursuit to become a scalable and sustainable business enterprise. YIC will offer a practical and engaging program to help entrepreneurs build a business successfully. Our program is a multi-faceted program for early-stage businesses that are requiring support while they validate their business idea so that they can progress to the next stage in their development.
The YIC will provide a challenging and comprehensive 1 year curriculum of business building sessions designed to help entrepreneurs plan and start building several aspects of their business, from the core idea to the product and revenue model.
e.g. office space, meeting rooms, electricity, phone, internet, lab facilities, etc.
e.g. help with registration, licenses, accounting, strategy advice, market research, exporting facilitation, etc.
e.g. brokering and/or providing financial services such as equity, credit and guarantees.
e.g. mentoring, coaching and interaction with fellow entrepreneurs (a microcluster), market linkages.
Value to the Entrepreneur
Economies of scale decrease the cost of starting a business + benefit from a professional look and brand.
Help with non-core business activities saves time and money.
Leveraging the credibility of the incubator and the portfolio of entrepreneurs to overcome financing gaps.
Learning, exchange of ideas, psychological support, partnerships, business relationships.