Under Processing...

Incubator-in-a-Box for Governments

“Our partnership with 1M/1M fills a critical gap in our entrepreneurial ecosystem. We were attracted to their innovative approach for offering accelerated education, strategy consulting, mentoring, coaching and peer networking, and totally impressed with their long term experience and creditability in that marketplace. To be able to provide this extraordinary support on a totally virtual, global platform was extraordinary and would scale development opportunities for so many serious Delaware entrepreneurs. 1M/1M is not your traditional incubator/accelerator either from a business building or service delivery standpoint. We are hoping to be able to expand the number of Delaware companies participating in this partnership in the very near future.”

Ken Anderson,  Director of Entrepreneurial and Small Business Support, Delaware Economic Development Office (DEDO) – Delaware Economic Development Office (DEDO) Partners With 1Mby1M

All governments have realized by now that the greatest source of economic prosperity is the entrepreneurs. Hence, countries, states, regions, cities are setting up their own incubators and accelerators to support them. Economic development agencies in various countries, states, cities are actively working on building entrepreneurship eco-systems around the world.

1Mby1M works with government incubators and ED agencies anywhere in the world and helps them gain access to Silicon Valley’s eco-system and methodology.

1Mby1M also offers scale to government incubators who often have limited capacity. To develop a community into a thriving entrepreneurial hub, hundreds of entrepreneurs needs to be nurtured. By partnering with 1Mby1M, governments can vastly expand their capacity to support  a larger number of entrepreneurs.

1Mby1M also offers reach. If a government incubator is headquartered in one city, and wants to open additional branches in five other locations, it is easy to do so with 1Mby1M because of the virtual structure of the program.

How?

1Mby1M’s Incubator-in-a-Box offering can help any government to rapidly create a large, multi-location incubator with deep ties into Silicon Valley.

What?

  • Choose the scale at which you wish to start. You can incubate 5, 10, 25, 50, 100, or 200 entrepreneurs.
  • Choose one or more locations (or statewide, citywide, countrywide is fine too).
  • 1Mby1M will provide the base-level incubation to these entrepreneurs through the Premium Program. This includes online curriculum, mentoring / strategy consulting, introductions to customers, channel partners, investors, and access to the 1Mby1M media and social media channels.
  • You can add any amount of additional resources on top, including funding, real-estate, mentoring, network, legal services, accounting services, AWS credits, Google credits, etc.
  • 1Mby1M will run contests and help partner recruit the entrepreneurs to bring into their custom portfolio.
  • 1Mby1M will also screen the best performers from the incubation portfolio for partner to invest further resources in, after a few months of incubation.

How Much?

  • The 1Mby1M Incubator-in-a-Box costs $1000/entrepreneur/year. So, if you incubate 50 entrepreneurs with us, that would cost $50k for a year.
  • We do not take ANY equity, making us the most entrepreneur- (and investor- ) friendly incubator program on the planet. Most incubators take 5-10% equity.
  • The ROI we deliver is equivalent to $375k + 5-10% Equity per entrepreneur.
  • We do charge consulting and administrative fees depending on the scale of the program and the support you require.

Contact: Irina Patterson

Note: Here are a few videos explaining the 1M/1M program in more depth:

Meet some of The One Million Club members, and review the Quantified 1M/1M Value Equation.