C4DLab, now in its second year since the launch, is re-thinking its start-up incubation programme. The impetus to give the activities of the lab a face-lift came from the recommendations of a three-hour meeting held today morning at the School of Computing and Informatics premises, organized by Dr. Tonny Omwansa, the lab’s coordinator.
The minds which proposed solutions and offered to partner with C4DLab to run an effective start-up incubation programme came from IntelleCap (Intellectual Capital Advisory Services), Kopokopo, as well as m:lab.
As a result, the innovation incubation hub is mulling over the following courses of action: First and foremost, the business model will entail C4DLab being run as both a start-up accelerator and an incubator, following to the latter the guidelines of the university start-up Incubation Policy, whose launch occurred about a week ago at the Nairobi Serena Hotel.
C4DLab is also envisioning to integrate a pre-incubation programme in its major activities– to see to it that the start-ups graduated after about two years of incubation end up as self-sustaining companies with a considerable positive impact on society, both locally and globally.
On effective management of start-ups, the following raft of measures is expected to be employed: in the not so distant future, the lab is looking forward to managing with only up to four well-performing start-ups, which will be given all the necessary support before they break even and become independent companies. Along the foregoing measure will come a milestones-based incubation as well as mentorship programmes.
The milestones, timelines and clear expectations are among the most crucial management steps C4DLab is planning to execute for proper utilization of its resources.
Finally, a lot more in terms of progress is expected when the lab establishes start-up champions and necessary collaborations along different disciplines and institutions.
About the writer
Moses Omusolo is the Social Media Manager, C4DLab.