The Venture Incubation Program (VIP) is a keystone initiative that is designed to help entrepreneurial teams to test and validate their business models. The early stages of a startup are full of questions and unknowns. Who is my customer? What can I do for my customer? How does my customer acquire my product? How do I make money? How do I scale? VIP aims to help founders answer these questions and identify and validate the foundational assumptions of their business model.
The 12-week, mentor-led program combines mentorship, workshops and a community of startups to create a holistic approach to testing and validating a business model.
Run on a bi-annual basis, the program selects 10 startups based on a few key criteria.
The program is based on lean methodologies of testing and validating the business model. The lean model teaches entrepreneurs to shorten the development cycle, effectively allowing them to minimise the use of resources and maximise their models chances of success.
Additionally, participants have access to a range of resources (co-working space, private workshops, mentor-matching programme, weekly check-ins and staff advisors), and a community of peers who learn and grow together.
We run VIP twice a year, in the summer and winter terms. Key dates for each application process are given below.
VIP Winter School Applications
Once your application has been submitted online, our VIP committee will evaluate your application and produce a shortlist of founders to attend the ½ day pre-selection boot camp, taking place on 23 June 2017.
Based on the bootcamp, the VIP selection committee will produce a shortlist of founders to give a 5 minute pitch to our selection committee, on 30 June 2017.
Communication will be made to those selected for the program in early July 2017.
Startups selected for the program are able to demonstrate the following:
A hybrid between an incubator and an accelerator, VIP provides a select cohort of startups with a wide range of services and expertise at the value of approximately R300k!
Have further questions? Here’s where to look for the answers.
How long is VIP?
Do I need to participate in the full program?
What does a typical week look like?
How much does it cost?
Does VIP take equity?
Who decides the final participants?
This program literally saved us hundreds of thousands of Rands we were about to spend on something that we didn't need - Mygrow
Not only did we grow as a company, we also have found new confidence in what we are doing and the direction of Utyre" - Utyre
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by Dr Mundia Kabinga
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