Incubation Process

Incubation Process

Pre- Incubation:

This is the first stage where NTU-BIC foster a culture of entrepreneurship and the pre incubation program is a way to channel the interest in entrepreneurship into a process for developing a new business. The following activities are carried out during this stage:

  • Interactive sessions with potential entrepreneurs.
  • Entrepreneurial Assessment and feedback session
  • Counselling and pre-incubation business advice
  • Business start-up guidance

Application:

The following activities are carried out during this stage:

  • Submission of Business Idea by filling application form
  • Business Idea Presentation / Pitch before selection Committee
  • Question and Answers Session
  • Business Idea selection

Incubation:

This stage of incubation is for entrepreneurs having gone through different stages. During this stage, NTU-BIC offers office space, high speed internet, meeting rooms and other business development support services. Following activities are part of this stage:

  • Training and Mentoring
  • Networking with Industry experts
  • Efficient utilization of provided resources
  • New Product/Process Development
  • Incubated Companies Performance Evaluation

Post Incubation Period:

During this stage, the Incubatees have multiple customers, generating revenues and well aware of their competitors. The activities include:

  • Business and Growth Assessment
  • Clients Assessment
  • Financial Evaluation
  • Graduation Program