
Incubation centers are business development hubs that provide entrepreneurs with opportunities to grow their business ideas through physical, financial, and advisory support, as well as training programs. Startups operating within these centers benefit from these resources to take crucial steps toward incorporation and brand development.
Pre-incubation refers to the early-stage support provided by business development centers to help entrepreneurs shape and develop their business ideas. These centers offer a range of opportunities including physical space, financial and moral support, and training programs. Startups in pre-incubation benefit from these resources to take the first steps toward incorporation and branding, preparing them for full incubation and future growth.
Incubation is the stage where entrepreneurs who have completed the pre-incubation phase establish their companies, and begin to produce and further develop their products. At this stage, entrepreneurs often face challenges in securing financing. However, thanks to HI Center’s access to funding opportunities, startups can obtain the financial resources they need to bring their products to market and scale their operations.
An acceleration program is a structured process designed for startups that have already developed a product and begun commercialization, but are facing challenges in areas such as financing and global expansion. Unlike the pre-incubation and incubation stages, acceleration programs are time-bound, typically lasting 6 to 12 months. While pre-incubation and incubation phases have no strict time limitations, acceleration programs start simultaneously for all participating startups. This setup fosters competition and interaction among companies within the incubation center. Through this accelerated and focused approach, entrepreneurs increase their chances of attracting attention from angel investors and venture capital funds, ultimately driving their growth and market presence.