- 1. What is the Incubation Program?
- 2. How long is the Incubation Process?
- 3. What are the stages prior to Incubation?
- 4. Who is eligible to enter the Incubation Program?
- 5. Does the field of industry matter when it comes to applying?
- 6. Will VentureUP manage/get a share of the profits or a part of the businesses that win the grand?
What is the Incubation Program?
Incubation Program includes the process of assessing student startup ideas and housing them at our venture incubator. Besides providing with space and computers, the incubation program also includes coaching by the VentureUP staff, mentoring by industry experts, and providing access to finance and investors.
The first cohort is planned to last for around six months. However, Venture-UP’s Incubation Program is typically a nine-month training and mentorship program, offered in two phases: Pre-Incubation and Incubation. Successful completion of Pre-Incubation is a prerequisite for admission to the Incubation program.
All the materials needed for the Pre-Incubation phase are free for the participants.
When can I apply to be in the Incubation Program?
The call for the first cohort is closed on April 12. The next call is planned to be open by the end of the year.
Make sure you follow our social media sites to be updated on our activities.
What are the stages prior to Incubation?
The stage prior to Incubation phase is the Pre- Incubation phase that includes the Ideation Training (optional), Lean Startup Training, and Coaching. Furthermore, during this phase startups can use the co-working space, laptops, internet other office supplies.
Who is eligible to enter the Incubation Program?
The program is open to all students of the University of Prishtina. However, if your ideal team has members from other universities it’s okay. At least one of the members of the group should be a current student or alumni of the University of Prishtina.
The program is also open for students traveling to the US with Work and Travel. However, in order to be able to complete the Incubation Program and benefit from the services that we offer, you have to be able to participate in the training, coaching, and all the activities that are required from you.
You can even participate with an unwritten or undeveloped business idea. As long as you have a business concept developed and you can complete the application form successfully, you are eligible to join our program.
Does the field of industry matter when it comes to applying?
No. There are three eligibility criteria for applying:
- At least one of the founders is a UP student or graduate;
- Teams/startups have a valid business idea; and
- Teams/startups are pre-revenue or early-stage.
Will VentureUP manage/get a share of the profits or a part of the businesses that win the grand?
No. Grants that will be distributed through the pitch competition that is planned at the end of the incubation program is a non-equity seed money.