05/09/2018
NEED FOR BUSINESS INCUBATOR FOR THE ACCELERATION OF STARTUPS IN AFRICA.
I have said it time without number for startups to strive, grow and scale in Africa most especially Nigeria we need business collaboration, networking, partnership and team work. For this to be achieved we need platforms like business incubators, accelerators and Hubs that could bring startups together, support and render services at affordable rate for them at the early stages of their business.
Like Steve job said and I quote "Great things in business are never done by one person. They're done by a team of people.
Two years ago I came across Mark Zuckerberg word, "we should all involve in project that gives others sense of purpose".
Let's discuss why we more of incubator in Africa.
Business Incubator. An organization or a business unit designed to accelerate the growth and success of entrepreneurial business through an array of business support resources and services that could include physical space, capital, coaching, mentoring, common services, and networking connections.
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.
The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development.
NBIA categorizes their members’ incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and combination of the above.
Business incubators differ from research and technology parks in their dedication to startup and early-stage companies. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs.
Types of services incubator render.
Since startup companies lack many resources, experience and networks, incubators provide services which helps them get through initial hurdles in starting up a business. These hurdles include space, funding, legal, accounting, computer services and other prerequisites to running the business.
Among the most common incubator services are:
Help with business basics
Networking activities
Marketing assistance
Market Research
High-speed Internet access
Help with accounting/financial management
Access to bank loans, loan funds and guarantee programs
Help with presentation skills
Links to higher education resources
Links to strategic partners
Access to angel investors or venture capital
Comprehensive business training programs
Advisory boards and mentors
Management team identification
Help with business etiquette
Technology commercialization assistance
Help with regulatory compliance
Intellectual property management
Types of incubator
There are a number of business incubators that have focused on particular industries or on a particular business model, earning them their own name.
👉🏻Virtual business incubator - online business incubator
👉🏻Kitchen incubator - a business incubator focused on the food industry
👉🏻Public incubator - a business incubator focused on the public good
👉🏻Seed accelerator - a business incubator focused on early startups
👉🏻Corporate accelerator - a program of a larger company that acts akin to a seed accelerator
👉🏻Startup studio - a business incubator with interacting portfolio companies
👉🏻Hybrid Incubator - A business incubator that combines virtual incubator with on-premise activities
Industry sectors intentionally supported by incubation
Programs
Technology Creative industries Construction
Computer software eBusiness / eCommerce Arts
Services/professional Wireless technology Aerospace
Manufacturing Healthcare technology Kitchen/Food
Internet Advanced materials Retail
Biosciences/life sciences Defense/homeland security Fashion
Electronics/Microelectronics Energy/Power Wood/forestry
Telecommunications Environment/clean technologies Tourism
Computer hardware Logistics/Delivery Manpower
Medical devices Nanotechnology Media
More than half of all business incubation programs are "mixed-use" projects, meaning they work with clients from a variety of industries. Technology incubators account for 39% of incubation programs.
Technology and Incubation
Africa been the focused of the world with over 60% of the population been youth with creative ideas, our human capital is a big strength to us and we are blessed with alot of natural resources. But we have met ourselves in a situation that need emergency rescue. If our government and leaders can't help us then I think we can help ourselves by collaborating and partner through platforms such as an incubators
Technology is disrupting industries across all works of life and with technology business is getting more easier to start, so we can leverage on technology to build an online platform to accelerate startup such as an online incubator, hubs etc
Business incubators in Africa are mostly physical, I mean they operate off-line with physical office environment. At this technology age we need an online Incubator, online Hub etc
Mabo Brand Concept is launching an online incubator that will render all the above mentioned services and benefit to entrepreneurs directly without getting to our physical office, so we can reach them from anywhere they are located in Nigeria and across Africa.
My team and I have worked day and night to make this happen for the first time in Africa. So many benefit will be unveil in the next 27 days.
Trust me, this incubator gives startups and entrepreneurs everything they need to start, grow and scale their business to the level of sustainability. Anything you can think of to grow and scale business.
Thank you.
I am
Adeyanju Opeyemi
Visionary!Leader! Entrepreneur!Mentor