Incubator

The aim of the incubator is to move young people from having only basic school knowledge to a level where they have capabilities to establish their own business.

The Incubator and is a location with training facilities, land and advisors. The participants get their own space to start their business and thereby they can use the knowledge they get right away.

Products produced by the entrepreneurs are marketed by the incubator and the profit is shared 50/50. When the entrepreneur decides to leave the incubator his earned capital is paid out.

People will stay in the incubator for approx 2½ year and will pass the following phases:

1. Selection

Find the best
- Discover business mind set
- Evaluate potential

Selection:
- Clear individual objectives
- Personal assessment
- Assistance with future activities

2. Candidate

Get the first experience

–Introduction to commercial business
–Small scale training and production in groups
–Training used immediately
–Savings account is opened

3. Junior Entrepreneurs

First step to independency

–Business plan is required to begin on this level
–Own small scale production
–Individual budget
–Full support from incubator
–50/50 profit sharing scheme

4. Executive Entrepreneur

Enlarging scale and full responsibility

–Run business independent within incubator frame
–Advise on demand
–Credit provided and 50/50 profit sharing

5. Own business

Own production outside Incubator

–Capital earned inside the Incubator facilities is paid out in commodities or equipment
–Services and counsel on commercial contract
–Access to experience exchange groups

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