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Incubation Center work :
The incubation center supports and mentors a start-up in various stages. Here is how the Trade Tower University incubator at Woxsen University works :
Stage 1:Innovation Lab
At this stage, students are mentored in the process of Idea generation and refining their idea to develop a customer-centric prototype
The technology mapping is done to identify and understand the technologies that are relevant and will be used in the startup.
Stage 2:Business Analysis
In the second stage, startups develop viable business plans with advice from domain experts and faculty.
Strategy simulations will be conducted to understand the scope of market strategies.
Stage 3: Business Advisory
Once the initial analysis is done, founders refine business plans and strategies with help from mentors.
With the help of resources in the incubation center build valuable business networks
Speak to the domain experts and faculty to assess your personality and refine it accordingly.
Stage 4 : Commercialisation
Take your idea to the market by commercializing the technology and managing intellectual properties.
With the network of the Trade Tower identify strategic partners if required.
Consolidate and incorporate a management team.
Stage 5: Funding
Pitch your business plan to members of the Woxsen fund
Get access to funding from other sources through Trade Tower.
Establish legal frameworks and incorporate the firm.