Hemma Business incubator is the first business incubator in an Egyptian state university at Integrated Technology Transfer Unit (ITTU), Assiut University. It's considered the first incubator in state university which attracts entrepreneurs who have innovative projects with added technological value in different fields like (health – food – water –manufacturing – others).
The stage in which the applicant works on and develops his idea to turn his idea from only an idea to a workable project and what he should do in the future to help him turning the idea.
The stage in which the project turns from an idea into a plan that outlines project's objectives, vision, mission, services, cost, profits and target audience.
The stage of implementing the strategic and action plan, the stage of preparing human resources who will start work on the project in addition to providing the necessary equipment and financial resources.
What does “incubator” mean?
Incubator means an institution that incubates the youth’s ideas and provides all supplies that help entrepreneurs to transform their ideas into real projects that fit the market. It provides them with accounting, technical and legal services to transform these ideas into projects contribute in solving social problems, creating job opportunities, raise Egyptian economy and producing innovative firms in different fields such as (health – energy – manufacture – agriculture- etc).
What is Hemma role?
The Business Incubator plays an active role for the entrepreneurial projects and can be summarized as following:
-Help them to develop their prototypes that turn their ideas from a primary model stage to a marketable product in its final form.
-Help in providing entrepreneurs or innovators in the incubator with all facilities they need in addition to funding them with a suitable fund to develop their projects so they can start their own small businesses.
Incubation contract for four years and providing all the university services for startup's owners.
Providing secretarial support, internet, fax, printing, computers and projector.
Availability to use lab-makers to carry out, test, and evaluate prototypes and making exhibitions to help startups market their products.
Providing marketing consultation and technical support for all startups.
Providing legal support, tax identification, and legal registration for all the incubated startups in all fields.
Providing the accounting support and helping startups to build an integrated accounting system.
Providing entrepreneurial trainings for entrepreneurs.
Guiding the incubated startups to get funds and help them to get patent and license.
Incubate innovative projects
-Create a database to the facilitate future programs planning and execution.
-Match business requirements with new technology
-Make feasibility study for the projects and business planning support.
Organize business plan competition
-Select the best innovative projects.
-Develop pre-business virtual incubation services.
Create develop environment
-Develop entrepreneurial culture.
-Prepare an entrepreneurship marketing campaign.
-Provide legal and business services.
-Build a database collecting details of interests of local business open for cooperation.
-Invest in manpower.
-Invest in materials.
Spread public awareness
-Build relationships with local universities and community
-Engage civil society, government sectors and public and private sectors.