What is a startup incubator programme?
You may not have a fully functioning idea, or you might simply understand that there is a problem that needs solving in a certain market. But, you need help to get it to the point of perfection. Well, an incubator programme is just for you!
Incubators can have different requirements
By that I mean they may focus on different verticals, such as supporting female founders or a geographical location like Falmouth Launchpad – designed to keep top talent in the county. And finally, they may only work with candidates that go through a tough application process.
Incubator programmes will give you the structure
This can be access to a community where you can collaborate with other entrepreneurs and talented individuals. You’ll meet your co-founders, mentors and teammates that will help you create a startup a-team. Together you will work on an idea or problem to achieve product-market fit and create a solid business plan.
The incubator programme will give you all the resources possible to help your team collaborate, offering you office space, equipment, internet, and services. On occasion, grants may also be available to get an idea to a Minimum Viable Product stage (totally dependent on the Incubator). And by the end of the programme, just like an accelerator, there will be a demo day that gives access to a range of high profile investors ready to take your idea to the next level.