Guidelines
The Incubator is the heart of the Innovation Centre Kosovo, aimed to support the entrepreneurial process, by helping to increase survival rates for innovative startup companies.
How it works?
Incubator selection process explained
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The Big IdeaIt all starts with you. You have a business idea that can create value, employ others, and turn a profit? You are in great company! |
Application SubmissionIn this step, the candidate must fill out the online Application Form with details about their idea. |
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Preliminary EvaluationThe ICK Admission Committee will make the preliminary evaluation of the submitted applications according to the selection criteria. |
Business Idea ImprovementIf your team and your business idea meet the necessary criteria and are selected, you can have a chance to further improve this idea, working with professional consultants and trainers from the ICK. |
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The Pitch Final PresentationAfter all the previous phases are successfully completed, the selected candidates will be invited to give a final presentation of their business idea. The ICK Admission Committee will make its final decision on who will enter the incubator or receive incubator services. |
Decision Process
The final decision will be based on the admission selection criteria, which includes the quality of the business idea, product or service, experience and commitment of the entrepreneur or team, commercial market potential and opportunities for growth of the business.
☆ What is a start-up?
A start-up is a company or temporary organization designed to search for a repeatable and scalable business model. They are generally newly created, and go constantly through development and research for markets.
Start-up companies can come in all forms, but they are often associated with high growth and technology. Successful startups are typically more scalable than an established business. A critical task in setting up a business is to conduct research in order to validate, assess and develop the ideas or business concepts in addition to opportunities to establish further and deeper understanding on the ideas or business concepts as well as their commercial potential.
☆ Who is an entrepreneur?
In simplicity; an entrepreneur in normal circumstance is one who starts a business, owns the decisions on how, where, when and when not to run the business, finances and assumes the risks, owns up to himself alone both profit and loss realized, owe no explanations or accounting to any individual or company. And there is no short or better way to put it other than the dictionary definition above which summaries the whole long speech. In entrepreneurship creativity and originality are marks of great success being the first of its kind, and soon develop into large organization or may decide to join with related growing business/es to form conglomerate.
☆ How do they fit to the incubator?
Entrepreneurs with feasible projects are selected and admitted into the incubator, where they are offered a specialized menu of support resources and services.
☆ What kind of resources?
Resources and services open to an entrepreneur include diverse elements like: provision of physical space (offices, labs), management coaching help in preparing an effective business, administrative services, technical support, business networking, advice on intellectual property, help in finding sources of financing, etc.