categories

HOT TOPICS

Subscribe to our Feed

1M/1M Incubator-In-A-Box Democratizes Business Incubation

Posted on Wednesday, May 1st 2013

To enable everyone in any part of the world – companies, angels, VCs, governments, schools and entrepreneurship development organizations – to easily, rapidly, and affordably launch an incubator, the One Million by One Million (1M/1M) global virtual incubator has announced the 1M/1M Incubator-in-a-Box. This program has grown out of 1M/1M’s extensive work with various partners interested in expanding their footprints in entrepreneurship and innovation eco-systems around the world.

Once an organization decides how many entrepreneurs they would like to incubate and from where, 1M/1M will run contests and help the partner organization recruit appropriate entrepreneurs to bring into their custom portfolio. 1M/1M will provide the base-level incubation to the chosen entrepreneurs through the 1M/1M Premium Program. This includes online curriculum, mentoring and strategy consulting, introductions to customers, channel partners, investors, and access to the 1M/1M media and social media channels. 1M/1M will also screen the best performers from the incubation portfolio for the partner organization to invest further resources in, after a few months of incubation.

The 1M/1M Incubator-in-a-Box costs $1000 per entrepreneur per year. 1M/1M does not take any equity, making us the most entrepreneur- and investor- friendly incubator program on the planet (most incubators take 5-10% equity). The ROI we deliver is equivalent to $375k + 5-10% Equity per entrepreneur.

In recent years, 1M/1M has worked with various different groups, all with their own interests in incubating entrepreneurs. The Incubator-in-a-Box program now gives wider access to the work we have been doing with corporate partners, helping their eco-systems with incubation support, including SAP, Oracle, Rackspace, Microsoft, Elance, TradeKing, A&N Media, BlueSnap, etc. Nothing is too small for us. No geography is not of interest to us. Wherever, and at whatever scale you would like to build your incubator, we look forward to working with you.

You can learn more about the 1M/1M Incubator-in-a-Box program and why it may be right for your organization here. All interested in this program should contact Irina Patterson at irina@1mby1m.com to learn more.

For More Information:
Program Contact:
Irina Patterson
irina@1mby1m.com

Media Contact:
Maureen Kelly
maureen@1mby1m.com

Hacker News
() Comments

Featured Videos

`