Pre - Incubation
Any person with an idea is invited to be part of the pre-incubation stage as long as they meet one major criteria, the idea solves a problem in the community. If accepted, SHINE works with the pre incubatees to make the idea bankable and to graduate the startup phase.
SHINE provides these services in the pre-incubation stage
- Idea screening and refinement
- Guided mentoring and coaching to make the idea bankable
- Technical assistance on concept development of prototype
- Progressive evaluation for graduation to next stage
- Networking events and workshops
- Assistance in market analysis
- Technical assistance on concept development prototype.
- Progression evaluation for transition to next stage
- Progression evaluation for transition to next stage
Incubation
This stage of incubation is for entrepreneurs having graduated the pre-incubation stage or for Innovators with prototypes that are for testing and commercialization. They can be residential or non-residential. During this stage, the prototype is completed and tested. Innovators are assisted to identify pilot testing sites, development of revenue model and given a range of business development support services to support business formalization and monetarization. Startups to graduate to next stage must have at least one client/customer.
- Establishment of the company
- Support towards concept pilot testing
- Mentoring and Coaching
- Development of revenue model and financial projections
- Linkage to potential markets
- Exposure to expert talks, training and marketing events
Accelerator
This stage of incubation is for companies with a minimum annual turnover. These companies can either be resident in the incubation facility or non-residents who maintain offices elsewhere. The companies are supported to link to potential markets, access to financing, business advice, space and internet for resident companies among others.
SHINE provides all the startup services, plus the following:
- Space to run the businesses
- Strategic Market Linkages support
- Linkages to financing
- Mentoring and Coaching
- Business development Support (legal, financial, advisory, etc.)
- Evaluation for exit
- Networking events.
- Training, Exhibitions and workshops.