Pre-incubation are the activities of the entrepreneurs prior to admission into the incubation program.

INCUBATION

• Resident Incubation

In this scheme, entrepreneurs are tenants at a Technology Incubation Centre (TIC). At the TIC, affordable shared facilities such as working space, central workshop, equipment and laboratories, offices, hands-on management assistance, access to financing, networking and exposure to critical business and technical support services are provided to enhance the success of the enterprise during the incubation period, which ranges from one (1) to three (3) years.

• Non-Resident/Virtual Incubation

In this scheme incubation services such as access to resources (knowledge providers, finance, linkages/networking, etc.) are extended to entrepreneurs outside the TIC

POST INCUBATION

Some intervention measures such as mentoring services, linkages/networking to capital and knowledge providers (local and international), etc. are extended to the graduates of the programme to ensure their sustained competitive growth.

ESTABLISHMENT OF TECHNOLOGY INCUBATION CENTERS
A Technology Incubation Centre may be established by one or more of the following:-

• The Board
• State Government
• Local Government
• Research and Tertiary Institutions
• Private Sector Organizations
• Any other Person, Association or Corporation.

Requirements for establishing Technology Incubation Centres
The following requirements shall be met by any person or Body interested in establishing TIC

• Expression of Interest in the form of written application and addressed to the Director General/Chief Executive Officer of the Board.
• Completed application form to accompanied by:
1. Feasibility Report
2. Strategic Plan
3. Detailed drawings of physical structures
4. List of the available facilities
5. Manpower technical services and linkages
6. Evidence of Funding
7. Post incubation plan.
• Evidence of registration with Corporate affairs commission or similar bodies in case of companies, Associations and organizations.
• Evidence of payment of non-refundable processing fee of N300,000.00 subject to review.

   

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