Professional Documents
Culture Documents
Investment support
The organizers respect the confidentiality of all participants business concepts and plans. Business ideas, business plans and applications developed in the Incubator are the property of the respective entrepreneurs. Application documents The following information should be included in the application: About the applicant: Motivation for joining the incubator Description of the entrepreneur or group of entrepreneurs involved, including CV(s) Does the entrepreneur(s) operate the new company on a full-time-basis? About the business idea: Description of the business (history, products, target market, raw materials, etc) Estimation of the market potential Current size (number of employees, annual sales) and desired size in 5 years Description of the technology used and planed for the future (if relevant) Current organisation and management and how it is expected to change in the future Challenges faced in growing the business and how the incubator is expected to help About the team: Description of current management and staff (qualifications, experience, etc) Roles of the business owner(s) now and how this will change (if so) as the business grows Knowledge and skills gaps in the team; what information is needed to develop the company? Areas identified where training is needed? Plan for realisation of growth: Action plan for development of the business (show main actions and their timing) Provide an indication of how much you would be willing to pay per month for the service
The selection process The business ideas will be evaluated by a committee, based on the following criteria: Are the entrepreneurs motivated and committed? Is the available knowledge and experience in the team relevant for the business? Is the business clearly described? What are the environmental and developmental benefits of the business? What is the energy production potential? Is the market for the products realistic? Is the project technically viable? Is the project commercially viable? Do the entrepreneurs have a viable plan for operations and maintenance? Are the realistic project risks / challenges identified? Is the plan for realisation of growth realistic? How mature is the project? How soon can it be scaled up? Is the applicant willing to contribute to the cost of the service?
The Incubated entrepreneurs will be selected in June, with planned start-up in July 2014.
Submission of Applications th Submit to: Renewable Energy Business Incubator, IMED Foundation, 7 Floor, Mwalimu House, Ilala, P.O.Box. 35036 Dar es Salaam Mode of submission: Call deadline: Electronically by e-mail to rei@imedtz.org,with copy to: ftunutu@hotmail.com th May 20 , 2014