Much has been written about the great power of incubators like Y-Combinator or Imagine K-12, and also the skeptical view of incubators.
A new incubator is launched pretty much every week in some part of the world. A few similarities and a few differences that are coming up from one incubator/accelerator to another:
- conventional incubator model supports around only 10-20 high potential ideas and people ever year, from the thousands trying.
- in person program
- mentor support, demo day process
- equity stake or charge for the program
- Lifestage - some are more like pre-accelerators supporting ideas, some support the product development side, others specialise in the growth of the idea.
- Industry focus or general (e.g. Imagine K12/Level 39 vs Y combinator)
- some take equity, others charge for their programs
- Independent vs increasing trend of being set up by organisations (e.g. Microsoft or Orange)
- Office space or not.
Based on our initial design, we are offering something different.
Can the incubator impact be scaled, using a different or adapted model?
We think so, given our recent successes.
In our second program, we have 30 aspiring entrepreneurs/intra'preneurs from 10 different countries incubated virtually.
These individuals are paired in groups where the problems being addressed are similar.
1) They push each other to see how one is thinking of very different solutions for the same problems.
Very often an incubator has individuals working on fundamentally different problems, to be able to effectively
What we call 'surface learning' but 'internalised learning'.
In some ways, you have the most incredible playground to test ideas. Given the reach of the countries you are in and the universality of so many of the problems schools, teachers, parents, countries face related to education - what works in 1 country may very well work in others.