Incubation & Training
The YABICs will be operated using an incubation model for agripreneurship. The model involves training, nurturing, mentoring, coaching and financing of incubatees. The incubation process will follow three key phases namely pre-incubation, incubation and post-incubation.
Pre-incubation stage will mainly focus on ideation stage, where the agripreneurs having a potential innovative idea are provided with a working space. During this period, the agripreneurs will develop the idea into a proof of concept and prepare for understanding the technical feasibility of the idea proposed. At this stage the following will be done; innovation assessment, business plan elaboration, business modeling and training
Incubation stage will be when startup agripreneurs are hosted by the YABICs to graft product development and prepare themselves for commercialization. YABICs will offer a wide array of value added services such as; hosting, training, advance business planning, commercialization, access to finance, product development, coaching and mentoring, technology development, and exchange visits and tours
During this stage the incubatee graduates will be offered the following support services; technology development, further product development, networking, market linkages, business development, partnerships development, access to financial services, regulatory services, and coaching and mentorship
This post-incubation will help incubatees with business networking activities, marketing assistance, accounting and other financial management, access to commercial loans and other funds. Linkage to resource centers, training institutions and strategic partners.
Generic incubation process model