In a statement made available to Business Insider SSA, Vatebra hub said the programme is part of its corporate social responsibility (CSR) to promote skills development, youth entrepreneurship and job creation in new technology and innovations.
During the Incubation Programme, startups will be provided with the resources and support they need to validate and get to product-market fit for their businesses.
Startups should have the following focus:
- Solving a major Chronic Problem with a Minimum viable product
- Identified target market with growth potential
- Clearly defined revenue model or maybe generating revenue
- Significantly leverages technology/internet
The Incubation Programme will be mentorship-driven. Core Modules during the Incubation program is designed to fill in any gaps in the skills, startup founders need to know to be successful: Customer development, Business strategy, Entrepreneurial Finance, Startup Legal and Product/ Technology Development and Growth, etc.
Benefits from the programme Include
- Shared Office Space and the Internet for teams
- Hand on Business advisory support
- Access to funding from the Bank of Industry
- $10,000 in AWS Credit
- AWS Business Support (up to $5,000).
- Office Hour with Mentors
- International Market Access
- Access to a wide network of Investors
The programme is supported by Bank of Industry, Amazon Web Service- Cloud services for Start-ups, HubSpot - a platform of marketing, sales, customer service, and CRM software, Ringcaptcha - SMS Marketplace that offers highly reliable SMS, OTP/voice providers.
The application runs till January 3, 2020, while the incubation program is scheduled to run from January 20, 2020, to July 24, 2020.