Incubators are the craze these days. An incubator takes your
idea, and then helps you start a business from it, and when the business has
reached maturity, it lets go of you. Incubators are new thing in Kenya, but here
are three of the most well known.
1. Ihub.
Ihub is the most known incubator in east and central Africa. You get office space, internet, and an
opportunity to interact with potential investors. By its very nature, most the
ventures supported are IT related.
2. M-Lab.
This is an incubator at the University of Nairobi,
in partnership with the Massachusetts Institute of
Technology, and a few other
technology partners. Its scope is wider, and includes manufacturing start-ups.
3. Manu Chandaria
Kenyatta University
incubation center.
As the name suggests, the incubation center took off after
donation from the industrialist Manu Chandaria. The cash injection will see it
compete with the likes of Ihub and M-Lab. Unlike other incubation centers, all
business ideas are eligible for funding and nurturing at the center. An
entrepreneur has to be below 30 years of age and have obtained at least a Form
four certificate.
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