Business Incubation Program for Women

The Business Incubation Program for Women was successfully launched on 3rd August 2009.

IWFCIS BIPfW is a business support process that accelerates the successful development of start-up companies by providing entrepreneurs with an array of targeted resources and services. These services are orchestrated by the incubator management. IWFCIS business incubator’s main goal is to produce successful business women who will leave the program financially viable and free-standing.

The definition of an incubator is the provision of management guidance, technical assistance and consulting tailored to young growing companies. IWFCIS incubators also provide candidates access to appropriate rental space and flexible leases, shared basic business services and equipment, technology support services and assistance in obtaining the financing necessary for company start up and working capital.

INTRODUCTION AND PURPOSE OF BIPfW

One of IWFCI objectives is to support women in business. With the introduction of IWFCI BIPfW, it will fill the gap of women entrepreneurs achieving their dreams with innovative ideas and the successful launch of business. IWFCI BIPfW aims to increase the quantity and quality of business incubation available and accessible to those seeking to start their businesses.

The success of a new spin-off business is based on several critical factors:
• unique technology
• sufficient financing
• an entrepreneurial team
• an underlying business plan.

During their incubation, IWFCI will support women entrepreneurs with skills to prepare skilled market launches and to set up the commercial, financial and organizational strategies of the business.

IWFCIS BIPfW MANAGEMENT

A panel with legal, entrepreneur, marketing, finance, human resources and administrative background shall consider and approve projects for new business initiatives. The panel members will also serve as mentors to selected BIPfW candidates. Proposals must comprise a feasibility study, work plan and required budget.

Please contact us to apply.