Global Incubator Programme: business acceleration for SMEs
Applications are open now and will close on 22nd October 2021.
An acceleration programme for innovative SMEs to explore the potential of overseas markets.
The Global Incubator Programme is an acceleration programme for innovative SMEs to explore the potential of overseas markets.
Are you ready to scale your business globally?
You need to explore the potential of overseas markets before you can grow. The Global Incubator Programme is an acceleration programme for cohorts of 6-8 innovative SMEs to spend time in world-leading incubators abroad.
Our structured programme uses an intensive four-stage method to tackle the challenges that most companies face when entering global business markets. Small and medium-sized enterprises can explore the potential of specific overseas markets and access world-class mentors and tailored workspaces.
The programme operates in four countries: the USA, Canada, Singapore and India.
Who is the Global Incubator Programme for?
In order to be eligible for the Global Incubator Programme, you must be a small or medium sized company based in the UK.
The four stages of the programme are as follows:
A two-day preparation workshop delivered to the entire group in the UK. You will be allocated an innovation and growth specialist who will work with you on your strategic development plan for the programme. You will receive an overview of the innovation and sector landscape of the country’s market and training to maximise the incubation experience.
A market visit as a group, providing the opportunity to consider technology and market fit, preliminary customer validation and an introduction to ecosystem players.
Working with your specialist, refine your strategic development plan, spend 3-6 months in the incubator within the market country and experience a tailored programme of activities.
Work with your specialist to exploit the programme and consider the potential funding, connections, skills and expertise required to enable opportunities that will impact your company and enable it to grow.
Selection for the incubation programme
The Global Incubator Programme operates on a competitive basis and businesses selected against the criteria listed on the programme page are required to actively participate in all four stages.
What is the cost of Global Incubator Programme?
Innovate UK will cover the training and incubation costs offered by this programme (conditions apply) as well as the Participate market visit. Companies must cover staff time and any travel and accommodation if a physical programme is possible.
More information on the programme available here.