Enterprise Projects
Centre for Entrepreneurs works in constructive collaboration and partnership with Entrepreneurs to support their dreams and aspirations in becoming great pillars of economic. The Centre selects the clients with whom it feels it has viable projects and there is potential to develop the trust and communication necessary for fruitful long-term relationships.
The Centre provides the support you need to take your business to the next level. Give your business idea, or an existing business its best chance for success by partnering with MPI
Business Incubation Center
Business Incubation Center is where innovative and feasible entrepreneurial ideas are incubated for entrepreneurial development. The business incubation process is aimed at assisting growth oriented entrepreneurs in their quest to grow and become more competitive.
MPI Business Incubation Model
- Entrepreneurs who have met the requirements of selection criteria will be accepted into the incubation.
- The incubator will analyze their needs and design a program to further develop and accelerate their businesses.
- Based on the agreement between the incubator and the incubatees, the incubator will nurture and offer support to such entrepreneurs and gain a certain agreed share of financial benefits accrued once the business flourishes or becomes profitable.
- Also it may be agreed that the incubator acquires ownership of or part of the business incubated.
Services Offered by The Business Incubation Center
- Shared infrastructure: This includes shared office space, meeting and conference rooms, telecommunications etc. this will help reduce startup costs
- Creation of networks: The business incubator acts as a link and creates relationships and connections to create and exploit opportunities. This will also include mentoring knowledge sharing by experienced experts, prominent business people and professionals
- Assistance in the form of business management and advisory services: i.e strategic planning, marketing, research and development, and ensuring that the business complies with the regulatory or legal matters
- Financial services: Financial services ranging from brokering services to providing seed loans, helping acquire funding or taking equity in the enterprise.
Sustainability of the Business Incubation Center
- Strategic partnerships and collaborations: The business center will liaise with private companies and forge beneficial relationships in the form of financial and relevant support services to help finance its operations.
- Commercialization of the center’s services: The center will offer some of its services at a price, for example engage in consultancy or sell some of the incubatees product offerings to individuals and corporates
- Earned revenue based on rents
- Service fees
- Member Subscription fees
- Equity payments
- Funding from the government and the private sector
