Introduction
The Incubation Program is designed to support startups in their early growth phase, helping them refine their product, access funding, and prepare for market entry. This program provides startups with the necessary resources, mentorship, and networking opportunities to accelerate their journey toward scalability and sustainability.
Key Offerings of the Incubation Program
- Selection of Startups – Identifying promising early-stage startups based on potential and innovation.
- Mentoring Support – Expert guidance to help founders navigate business challenges.
- Defining Goals & Timelines – Structured roadmaps to ensure milestone-based growth.
- Funding Access – Support in securing grants, seed funding, and investment opportunities.
- MVP (Minimum Viable Product) Development – Assistance in building a market-ready product.
Eligibility Criteria
- Early-Stage Prototype – Startups with an initial prototype that requires market validation.
- Market-Validated Idea – Startups preparing to enter the market and scale operations.
- MVP Ready – Startups that have developed a functional MVP and are seeking investment.
Program & Support
For Early-Stage Prototype Startups
- BFSoE Support – Assistance in prototype/idea validation.
- Competitions – Participation in startup competitions to gain exposure and funding.
- Grants by BFGI – Financial support to aid product development.
- Government Grants – Guidance on applying for relevant government funding opportunities.
- Peer-to-Peer Mentoring – Learning from fellow entrepreneurs and ecosystem stakeholders.
For Market-Validated Idea/MVP Ready Startups
- Lead Mentor Model – One-on-one mentorship with industry experts.
- Investor Connects – Introduction to three investors after the MVP is market-ready.
- Networking & Collaborations – Access to industry leaders, startup communities, and funding opportunities.