IIC-EVENTS

The startup ecosystem, pre-incubation and incubation are terms that refer to different stages of support that early-stage entrepreneurs and their ventures undergo. Understanding the distinctions between these two phases can greatly influence the chances of success for a startup. Pre-incubation as an early preparation stage for an idea, product, or entrepreneur who is considering launching a startup. This phase is crucial for those who may have an idea but need to refine it, validate it, or build the necessary skills and knowledge to get started. Incubation, on the other hand, focuses on scaling by providing resources, mentorship, and financial support to help startups grow into successful businesses. By leveraging both phases, startups can increase their chances of success and navigate the challenges that come with launching and scaling a new business. The session was useful for building a brand, marketing strategies, and entering new markets.