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Mzuzu E-Hub and MUBAS Business Incubation Centre onboard incubates into pre-incubation.

Two of the business incubators implementing the Zantchito Entrepreneurship supported business incubation programme- Mzuzu Entrepreneur Hub (Mzuzu E-Hub), and the Malawi University of Business and Applied Sciences (MUBAS) Business Incubation Centre have onboarded their first cohort of incubates to enter the pre-incubation phase.  

Cohort of incubates that attended the onboarding session at Mzuzu E-Hub.

The pre-incubation phase follows the successful completion of the initial foundation phase, where each shortlisted applicant was attached to a Business Development Service Provider (BDSP). The BDSP translated the business idea into a Business Model Canvas (MBC), and then developed a Basic Business Plan, and an Incubate Support Plan.

Equipped with these documents, each applicant pitched their business idea to a panel of experts appointed by the Business Incubator, who selected the cohort that moved into pre-incubation using a set criterion.

Speaking in Mzuzu last week, after onboarding the incubates, Mzuzu E-Hub Business Development Officer, Jonathan Nandolo hailed the budding entrepreneurs for demonstrating a keen interest in pursuing their entrepreneurial journey.

Jonathan Nandolo, Mzuzu E-Hub Business Development Officer

“It has been a purposeful journey for each incubate, starting from registering and applying to the program, to working with BDS providers to refine their idea, and then pitching their business ideas to an expert panel. The incubates have worked very hard during the foundation phase and are now ready for pre-incubation support. As a hub, our role is to provide tailored support to these incubates during the pre-incubation”. Jonathan Nandolo.

On Tuesday this week, MUBAS Business Incubation Centre conducted its onboarding session. During the event, Zantchito Entrepreneurship and Access to Finance Senior Business Incubation Expert Lilian Mpama highlighted the incubation framework that will be used by the Incubator, when supporting the incubates during pre-incubation.

During the session, emphasis was placed on the need for accurate budgeting  and adherence to laid down procedures, when procuring materials for prototyping during the pre-incubation phase. Incubates were also informed that an independent financial service provider will manage the funding provided under the programme, to ensure smooth and timely disbursement of funds to the incubates.

Cohort of idea-stage entrepreneurs that attended foundation stage at MUBAS Business Incubation Centre.

Business Development Officer for MUBAS Business Incubation Centre, Charity Kasiya encouraged the incubates to continue demonstrating the same level of enthusiasm they are currently showing, as they move into the pre-incubation phase.  

The incubates are expected to be in pre-incubation for about two months where among other things they will be engaged in prototyping of their products/services and testing the market viability.

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