INCUBATION

The incubation portion of the CMIP project is designed to move the 5 winning tech startups from the PitchIT Challenge to a state of market readiness. The main objective is to immerse candidates in capacity building activities including investor readiness and to ultimately prepare them for their participation in an international pitching event.

The entrepreneurs additionally benefit from access to networks, as well as knowledge and support from regional and international sources. Incubation combines both physical and virtual activities, which is executed by the mHubs and CMIP Central team.

Investor Readiness Training

Intensive training is delivered via weekly web-based seminars facilitating online collaboration and learning. The mHubs provide support by conducting related workshops, assisting in team reviews and providing feedback.

Mentorship

The mentorship programme is a learning and application exercise for the entrepreneurs, with the ultimate result the development and improvement of their business, technical and professional skills.

Mentorship is provided by regional and international individuals in technology, entrepreneurship, sector, business and design based on the needs of the startups.

Networking

The networking programme is intended to assist the entrepreneurs in building mutually beneficial relationships. The entrepreneurs are supported by the mHubs in face-to-face and virtual community building and networking events.

Through participation in multi-stakeholder seminars, events and face-to-face and online forums the entrepreneurs can sharpen their deal-making skills, interact with other entrepreneurs to facilitate peer-to-peer-learning and meet key stakeholders and potential investors that can add value to their startups and grow their networks.

Access to Facilities

Teams that are located in mHub territories, and are close to an mHub will gain access to physical incubation facilities and equipment organized by the mHubs throughout the incubation process for creative exchanges with peers, meetings and co-creation.

This can include the provision of working space, meeting rooms, broadband internet, telephone and printing services and tech support.

DemoTrek

Through participation in an international pitching event, the entrepreneurs are exposed to international standards for making business deals, provided with networking with other entrepreneurs and stakeholders, and opportunities to secure international investment for their startups and improve their idea development and execution.

Intensive pitch coaching is provided to prepare them for this opportunity, which may include providing an opportunity for participants to pitch to local investment groups.

Access to Finance

The initial seed funding provided to the entrepreneurs for winning the PitchIt Caribbean Challenge is just the beginning. The last part of the incubation programme is designed to channel the winners from market readiness to maturity.

The phase includes continued to monitoring of the entrepreneurs’ progress and connecting startups with further external support opportunities including investors, other stakeholders as well as other local or international incubator programmes.

Alumni Network

Throughout the programme, and especially in the final phase, CMIP aims to facilitate a regional network of alumni to enable additional opportunities for networking and peer-to- peer learning.