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Incubator-in-a-Box for Governments

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.

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

1M/1M 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 1M/1M, governments can vastly expand their capacity to support  a larger number of entrepreneurs.

1M/1M 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 1M/1M because of the virtual structure of the program.

How?

1M/1M’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 global is fine too).
  • 1M/1M 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 1M/1M media and social media channels.
  • Partner can add any amount of additional resources on top, including funding, real-estate, mentoring, network, legal services, accounting services, etc.
  • 1M/1M will run contests and help partner recruit the entrepreneurs to bring into their custom portfolio.
  • 1M/1M 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 1M/1M 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.

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.

We are working with many corporate partners, helping their eco-systems with incubation support, including SAP, Oracle, Rackspace, Microsoft, Nokia, Elance, TradeKing, A&N Media, BlueSnap, etc. Nothing is too small for us. No geography is not of interest to us. Wherever, and at whatever scale you would like to build your accelerator, we look forward to working with you shoulder to shoulder.

Typically, we work with EDOs and support our partners in raising sponsorship to run such joint incubation programs.