like Infinity Gaming, Incubate is a separate for-profit division of IG Technologies (Pty) Ltd that focuses on Entrepreneurship. Through Entrepreneurship, we focus on Total Entrepreneurship Development. This means that we do not only recruit entrepreneurs, but we build them from the ground up. Through incubate, we plan to establish 100 sustainable and profitable student-run businesses by 2022. sign-up for the Incubate Programme is 100% free and we develop your entrepreneurial flair from day one. Our platform is unique in the sense that you do not need to have a business idea to join the program. Through the program, you will be able to think, plan, and progress your idea into a reality.
We also provide funding for your business idea, either 100% or by assisting directly in the applications for funding (we apply for you).In return for our support, mentorship and networks, Incubator has to receive a non controlling interest of 40% in your registered entity. The program is a year long, and you can develop at your own pace. The programme happens in different stages, and you advance to the next stage when you have completed the key outcome of the previous stage.
The stages are:
1. Pre-idea
2. Pre-Business Plan
3. Strategic Planning
4. Graphic Designing
5. Funding
6. Operations alpha (first 6 months of operation)
7. Operations Beta (first 12 months of operations after the first 6 months)
8. Operations Final (after 2 years of operation)
9. Million Mark- When your accumulated total revenue exceeds R1 Million
10. Alumni Stage- When your annual revenue exceeds R1 000 000
