Hive virtual

Hive Virtual is our Virtual Incubation Program that is aimed at reaching out and supporting growth oriented rural entrepreneurs in Uganda. The goal of this program is to enable innovative entrepreneurship for sustainable, inclusive growth and employment without physical presence.

Specific Program Objectives

Offering the benefits of business incubation beyond the major cities to rural populations without physical presence
To support and use different tools and business models that can lead to future sustainability for rural entrepreneurs
Interaction of both rural and urban entrepreneurs

Program Focus Areas

Technology for education
Technology for finance
Technology for health
Technology for governance
Technology for agriculture

What is Virtual Incubation?

Virtual incubation is by all intents and purposes that same as the location based incubation. Virtual incubation uses internet technologies as a medium of engagement. This can be complimented with physical meetings.

The Value of Virtual Incubation

Virtual incubation brings a number of opportunities that hither to are not possible with the traditional incubation. Virtual incubation has significant values

Breaking the space, distance and time barrier
Ability to have more persons participate in the program
Ability to tap into global resources as facilitators and mentors
Flexibility in the delivery and engagement
Reduced cost of engagement at the incubation facility

Mode of Engagement

This will be offered on key fronts such as business and technology trainings, e‐learning, online video and document repositories, bullet-‐in boards and discussion forums, blogs, developing entrepreneur development programs with milestones and results to be attained, holding progress reviews with incubates and inviting guest speakers. One key feature of this program will be a strong emphasis on market access i.e. sourcing for tenders and freelancing work to enable incubatees become revenue positive as early as possible and test the viability of their applications.

Who Should Apply

This is open to all persons are keen to develop business concept in the focus areas. For the first intake the Virtual Incubation Program will target persons with working prototype and ready to embark on turning the prototype into a marketable product. Individuals and groups are allowed will be allowed to apply to participate.

Duration of Incubation

The virtual incubation program will last a period not exceeding six months with a possibility of extending the duration to another six months depending on the progress and support required.

Method of Application

The application method will largely be online with participants required to make their submission based on a format that will be shared. The application will be expected to cover the following areas:

Introduction about the prototype; what is the background to the prototype, what was the incentive behind the development of the app.
Business Opportunity; what business opportunity is the application or solution responding to and how big is the opportunity.
Market/Growth Potential; What market does the application/solution intend to serve and how big or scalable is this market?
Growth Drivers; what drivers do you envisage will be responsible for the growth of your business.

Obligation of the Incubantees

The successful candidates will be expected to;