Village Business Incubation has been identified as a means of meeting a variety of economic and socio-economic policy needs, which may include job creation, fostering a community’s entrepreneurial climate, technology commercialization, diversifying local economies, building or accelerating growth of local industry clusters, business creation and retention, encouraging women or minority entrepreneurship, identifying potential spin-in or spin-out business opportunities, or community revitalization for sustainable development.
We work in collaboration with various stakeholders including government departments, donor agencies, Non Governmental Organizations; Faith based Organizations, Corporate companies and academic institutions
Types of Village Business Incubators
- Village Public Incubator is similar to a Village business incubator, though its intent is to accelerate the development of ideas for the benefit of the public good. Many universities and non-profit organization succeed in a goal of public good, though few if any provide a democratic process of refinement. A public incubator incorporates a process of citizenry, measurement, and refinement to culture community ideas.
- Village Farm Incubator: This incubator allows entrepreneurs in agribusiness to share common land, farm equipment and other resources and work towards a common market of their produce.
- Village kitchen incubator, also known as a culinary incubator, is a business incubator dedicated to early-stage catering, retail and wholesale food businesses. Kitchen incubators are essential in rural development because most entrepreneurs are burdened with significant levels of food safety regulation where capital investment in commercial kitchen equipment can be prohibitive for a new business. By covering the capital cost of shared kitchen facilities which are lent on a timeslot basis to incubatees, the kitchen incubator enables a business to develop to the stage where it can invest in its own kitchen facilities. Kitchen incubators are likely to be used by the following end-users:
- Start-up food businesses in need of their first facility
- Home-based businesses that wish to legalize and grow their operation
- Established businesses relying on one-off or difficult situation kitchen rentals
- Established businesses looking to grow or reach a new market
These businesses include caterers, personal chefs, bakers, street vendors, cake decorators and producers of specialty food items such as condiments and candies.