Zantchito Entrepreneurship and Access to Finance
Introduction to the ProgramME
The Program is your gateway to unlocking entrepreneurial potential. Tailored for passionate individuals in Malawi, this program is designed to help you refine and develop your business ideas. We provide the necessary guidance, mentorship, and resources to transform your innovative concepts into successful business ventures. Join a community of like-minded individuals, share experiences, and embark on a journey to entrepreneurial success with NxtGen Labs Incubation Program.
Program Overview
- Duration: 5 months
- Eligibility: Open to individuals and teams with early-stage startup ideas
- Program Capacity: Limited to 150 participants
- Program Format: In-person and virtual sessions
- Weekly Commitment: Participants are expected to dedicate at least 30 hours per week to the program
Why Choose ZANTCHITO Incubation ProgramME?
- Financial Support: Receive funding of up to $12,000 to fuel your business idea.
- Guidance and Mentorship: Access to experienced mentors to guide you through your entrepreneurial journey.
- Networking Opportunities: Connect with like-minded individuals and industry experts.
- State-of-the-Art Facilities: Utilize top-notch co-working spaces and advanced tech resources.
Application Process
- Application Submission: Interested individuals or teams must submit their startup ideas and relevant details.
- Initial Screening: Applications will be reviewed based on eligibility and potential for growth.
- Interviews: Shortlisted candidates will be invited for virtual interviews to assess their commitment and dedication to the program.
Program Phases
1. Business Plan Concept Competition (Tevet graduates/GWI)
- Objective: Develop a strong business plan concept.
- Support: Financial support of US$500 to aid in plan development.
2. Pre-Incubation
- Objective: Prepare for incubation with initial idea testing and development.
- Support: Pre-Incubation Support Package with financial assistance.
3. Incubation
Objective: Support during the incubation phase for selected tenants/incubates.
Support: Incubation Support Package offering US$5,000 financial assistance.
4. Post-Incubation
Objective: Continue growth and sustainability post-incubation.
Support: Post-Incubation Support Package providing US$5,000 in financial support.