core incubation activity services
BUSINESS MODEL COACHING
The step of identifying how the company will make money, who will pay for what value proposition, and how that value will be provided in the most efficient way is frequently the most challenging for a company bringing a new idea to the market.
CUSTOMER DEVELOPMENT COACHING
talking to prospective customers to understand requirements, buying behaviors, then validating their willingness to pay is an often overlooked process that can save or sink a new venture
INTRODUCTIONS TO MENTORS AND MANAGEMENT
innovators are not always the right persons to lead the executive team, and access to seasoned management is often a requirement for investors
SUPPORT FOR CAPITAL RAISING
strategy development, pitch coaching and introductions to the right sources of capital for the company’s requirements and growth plans
SUPPORT FOR BUSINESS BASICS
periodic training in areas such as business law, IP, bookkeeping, HR, marketing communications, etc., as well as gap-filling support through networks of service providers and specialist mentors. The core resource of Innovate 518 is its network of partners - academic institutions, investors, co-working spaces, service providers, entrepreneurs, and others in the region’s entrepreneurial ecosystem - who play a number of important roles. They provide leads to startups for intake as an Innovate 518 client. They may deliver startup assistance themselves on an ad hoc or programmatic basis. Partners maintain their own networks and offer connections to capital and talent. Many produce events that serve startups.