Provide services: Pre-incubation
Incubators help businesses to grow, but they can offer only limited support for an entrepreneur who has a 'good idea', which is not yet a business. A pre-incubation process is often part of the package of services that an incubator offers. It is a structured process for helping the entrepreneur turn a 'good idea' into a viable business.
Pre-incubation typically involves business counseling to help the incubator understand the idea and its potential, and possibly some training in basic business skills and requirements. It can also involve preparation of a business plan, refinement of the product or service to a 'market ready' stage, and help for the entrepreneur with the formalities of establishing a new company. These three activities are often pre-requisites for entering an incubator and benefiting from the business building help provided.
This section explains how to establish a pre-incubation process.