This is a business development process that seeks to accelerate the creation and growth of MSMEs by providing them with resources and business support services that they need over a defined period. The assistance package includes an end-to-end process tailored for pre-start-ups and early stage businesses which entail mainly business resources, capacity building and general business support services.
Business Incubation Process
The business incubation process covers the period from when an aspiring entrepreneur approaches SEDCO or is selected through some intervention until a matured business exits the incubation programme. The process has three major stages which a client must go through pre-incubation, incubation, and post-incubation.
Pre-incubation refers to the support services provided to aspiring entrepreneurs before they launch their business. This stage starts from idea generation until the idea is developed into an executable plan. During this stage SEDCO provides business start-up services which include the following:
- Entrepreneurship training (Course duration – 2 weeks)
- Idea evaluation methods and techniques (Course duration – 1 week)
- Business plan training (Course duration – 1 week)
- Company Registration
- Business plan development