INTRODUCTION
The Nelson Mandela Bay iHub is a business incubator that focuses on supporting technology start-ups in the Eastern Cape. The incubator is funded by Seda, the Nelson Mandela Bay Municipality and the Innovator Trust (a Vodacom subsidiary). The iHub provides support to SMMEs in the ICT from multimedia to telecommunications and networking companies in a structured incubation model that tracks the growth of the business.
THE PROCESS
IDEATION
BUSINESS CONCEPT
FORMAL BUSINESS
3 Months
6 Months
12 – 24 Moths
Tools
- Business Model Canvas
- Mini Feasibility Study
- Registration Repository
Tools
- Growthwheel
- Business Plan Template
- Pilot Testing
Tools
- Growth Wheel
- Business Plan Template
- Strategic Plan
- Financial Modeling Tool
Expected outcome for progression
Expected outcome for progression
Expected outcome for progression
- Registered Business
- Tax Clearance
- Understanding of Market
- Complete Business Canvas
- Product or Service Concept
- Tested prototype / Service
- Fully Developed Business Plan
- Earned Revenue
- Market Readiness
- Self Sustainable Revenue
- Established Business Process and SOP’s
- No longer requiring incubation Services
- Objective of Business Plan Met
- Exit Plan