Business Incubation Centre (BIC) is considered a hub of innovation and plays a significant role in instilling and promoting entrepreneurship. New and innovative ideas are filtered here and transformed into viable business ventures. Academic institutions globally encourage and enable graduates to present doable business ideas consequently, generating employment for themselves and others.

With a drastic change in the learning tools under COVID 19, the Hybrid Business Incubation Strategy is most befitting for easy-reach business counseling and assistance beyond the geographical vicinity.

Establish and Develop Business Incubation Centres

Business Incubation Centre (BIC) provides initial support to start-ups and entrepreneurs regarding office space, coaching, networking, financial management, and operational strategy of their business to help them get through the initial hurdles of starting up a business. Academic Institutes can provide a conducive environment to nurture start-ups under the umbrella of their Business Incubation Centre.

SBM Consultants assists the academic institutes to establish and develop a Business Incubation Centre or recast their existing BIC setup into a hybrid model. Our Hybrid Incubation Strategy not only caters to virtual clients but also explores new ways to collaborate. We pursue to promote Train the Trainers approach designed for Academia.

SBM Consultants design workable models for:

• Pre-incubation: requisites for incubatees and vetting of business plans
• Incubation: space, utilities, training, operational assistance
• Post-incubation: company’s financial health check-up and sustainability

With the collaboration of a Swiss Company, we design a Hybrid Business Incubation Centre Model to entertain the larger audience irrespective of their geographical proximity.