What is business incubation?
What process do I need to go through to get incubated at the Nailab?
Who qualifies for incubation?
What are some of the elements that are considered for a successful entry?
How long do I have to wait before I can know if I am successful?
How long is each program?
What support services do I receive while in the program?
Is the program offered at a cost?
Business incubation is the process of helping new and young businesses grow and prosper by offering essential resources and services that the entrepreneur needs to develop and refine their idea into a commercial vehicle.
Apply for incubation on the Nailab application portal. Open
If successful with the initial application, you will be expected to make a physical presentation to a panel of judges.
Following a heavy vetting process, the successful applicants are invited to join the program.
Any entrepreneur with a viable business solution that is using technology as a basis.
A clear and viable business idea
Clear knowledge of your market
Clear understanding of your competitive landscape
Presence of a prototype - this will give applicants a competitive advantage
Demonstration of a strong team
The process of application takes a total of 2 months. During this time ideas submitted are vetted and given feedback on ways to refine.
Each incubation program takes a total of 6 months broken down in 2 phases:
Initial 3 months are heavy on product development and business refinement.
Final 3 months are heavier on product push to the market with enhanced effort on fostering strategic partnerships.
Business development training
Co-creation / Entrepreneur interaction opportunities
Joining the program is absolutely free. Once in the program a legal partnership is drawn up in which equity share options are discussed.
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