Incubation
Profile of the founders:
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– A team (at least two people) with a diverse set of skills that complement each other
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– Demonstrated leadership skills and ability to work with and mobilise others
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– Relevant education and technical knowledge of their idea is a plus
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– Commitment to the development of the social enterprises
Incubator Services
The incubator offers the following services:
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– Capacity Building
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– Technical Support
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– Infrastructural Support
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– Networking/Connections
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– After completion of the validation phase the social entrepreneurs will be invited to pitch their idea in front of a panel
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– If selected, the entrepreneurs will get access all incubation services
What we are looking for in the Validation phase :
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The cause- A clearly identified root cause of a problem present in the community
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The social impact – we look for a clear theory of change and social impact delivery model which will scale in the future
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The team – experience has taught us that social startups are more likely to thrive when they have a solid team and a variety of useful network connections.
What are we looking for in the incubation phase:
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The mindset- an ability to showcase flexibility and ability to iterate according to received feedback and proven market needs
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The revenue model – clarity on the value proposition and your routes to market is important. We need to understand how the social startup will grow in terms of operations and impact
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The plan – a clear vision for the future with a sound and credible growth strategy allows us to clearly assess your ambition and potential.
We recognise that some of these elements may still be a work-in-progress; this is why we provide services and support during the incubation period. Our assessment also demands an understanding of the level of support required by each team.