Who Will Benefit From Upstart’s Business Incubation?

If you’re a budding entrepreneur, inventor or someone with a new technology, or genuine market opportunity which you want to commercialise, and expand internationally - then Upstart has been built with you in mind. It may be that you are looking for mentoring, specialist skills, resources or simply some support and encouragement.

Businesses which qualify for incubation tend to be technology focused, and may fit with some of the clusters where we’ve developed specialist knowledge and connections to help you grow and succeed, such as in…

  • Health and Medicine IT
  • Sports
  • Education
  • Telematics
  • ICT

However, we look at each opportunity on a case by case basis so these are not hard and fast rules.

 

What Problem Does This Help YOU Solve?

Starting a business, especially one with audacious goals can be high risk with high failure rates. Upstart works with incubation clients to simultaneously increase the chances of success, and reduce the risk through providing:

  • Skills and expertise
  • Strategy development
  • Connections to potential team, partners and sales channels
  • Introductions to potential business ideas and technologies

Upstart shares the risk with our clients, and invests in a shared future so no up front fee for service is charged for incubation.  This approach also places less financial stress on the business as it grows.

 

What Are The Key Criteria For You To Be Eligible?

  • The entrepreneur/inventor/leader must have the drive and commitment required to grow the business, but will step aside if and when the time is right for new management or leadership.
  • The business concept has market potential to achieve in excess of $3m sales within 3-5 years of startup.
  • The company or person is willing to give up equity to grow.
  • The entrepreneur/inventor/leader is coachable – capable and willing to listen, learn and take action.
  • Before being accepted into business incubation you will be expected to have completed market validation, either with the assistance of Upstart, or independently.

If you believe this describes you, and you have a venture you’re pursuing, or soon to pursue, then call us today on 03 471 9974, and request a FREE Consultation with one of our team.