IT BUSINESS INCUBATION

COFERENCE

This event focuses on attracting Startups, SMEs, aspiring entrepreneurs, selected industry experts and business executives, international development organisations based in Eswatini, selected senior Government officials and individuals who are interested in mentoring and investing in startups.

With 400 expected participants this year  the registration is on a first come first serve basis.

 

For more information contact us on 

Email:  incubation@itbi.org.sz /  itincubation@gmail.com

Tel: +268 2517 9448 /  +268 7606 3757

             

ABOUT THE BUSINESS INCUBATION

The Business Incubator (BI) Swaziland is a not-for-profit business incubator within the Royal Science and Technology Park (RSTP). It is housed on the third floor of the Innovation Park at Phocweni, Swaziland. BI supports small and medium enterprises (SMEs) developing innovative products and services (or ideas) in the Information Technology (IT) sector, including (but not limited to) software, computer hardware, telecommunications and the Internet.

The business incubation service offered by the Royal Science and Technology Park (RSTP) is a comprehensive and highly flexible combination of business development processes, infrastructure and people designed to nurture innovative start-ups so that they survive and grow through the difficult and vulnerable early stages of development. This service contributes towards investment (through local enterprises) by removing barriers to entrepreneurship, market access and innovation. The country as a whole benefits through job creation and value addition which boosts the gross domestic product.

CATEGORIES OF THE SERVICE

Business Development

Business development services including advisory services, mentoring and training on business planning, market research, market access support, legal aspects of business, bookkeeping, intellectual property protection, etc.

Technical Support

Technical support for innovation development and validation.

Office Space

Office space for business administration, conference facilities, furniture, information technology equipment, internet and utilities.

Fundraising

Fundraising support including financial proposal writing and matching of ideas with potential financiers.

BENEFITS TO START -UPS

Low Overheads

Low overheads at the early stage of the start-up cycle because of shared and subsidized facilities and services. This enables start-ups to direct resources to the development of the innovation and business.​

Technical & Business Know how

Acquisition of technical and business know-how which prevents start-ups from
making mistakes that can lead to technology and business failure.

Legitimacy​

Legitimacy by associating with and being promoted by the RSTP which leads to market access for the start-ups. Legitimacy can also attract financiers and collaborators.

PRIORITY CLUSTERS/TYPES OF BUSINESS

  • Information and communication technology
  • Electronics
  • Value added agriculture
  • Health and beauty
  • Renewable energy
  • Environmental management

INNOVATION

To be admitted into the incubator, a start-up must be involved in the production of or improvement of a product or service or technique to solve a problem that specific customers or users are willing to pay for. This can be achieved through one or a combination of the following:

  1.  Pioneering a truly innovative product or method (new or significant improvement of an existing one);
  2. Devising a new business model;
  3. Creating a better or cheaper version of an existing product; and
  4. Targeting an existing product to new sets of customers.
 
 
 
 

APPLICATION

For the application process, forms and eligibility criteria visit :

website

www.itbi.org.sz/application

email

incubation@itbi.org.sz

facebook

facebook.com/businessincubatorRSTP