Our Incubation Program
Matunda Hub trains, guides and coaches young agri-entrepreneurs to transform a business idea into a viable business model over a period of 10 months.
We start by capacity building in entrepreneurship in form of weekend boot camps in cohorts of 10-15 incubatees.
After that, we develop customized start-up road maps and each entrepreneur will work together one-on-one with a business coach on a weekly basis and industry mentor on a monthly basis for a period of 6 months.
Together we will develop a viable business model, business plan and pitch to be seed investment ready. We will go through the initial start-up stage and mentor you on overcoming challenges you are facing.
During this time you will be exposed to lean start-up approaches such as the business model canvas, agricultural innovations and technologies as well as a wide network of successful and starting entrepreneurs in the ecosystem.
We will also provide or connect the most promising agri-preneurs with seed investment, accelerator programs or graduate you to one of our associate partners.
The program fee for 10-months-incubation is UGX 500,000 per participant which may be paid in monthly installments. We occasionally offer one scholarship per cohort for a viable business idea and dedicated entrepreneur who does not afford the program fee (to be proven).
How to Apply today.
Matunda Hub has two application rounds each year.
Look out for our Calls for Application in January/ February and June/ July of each year.
Find out here what our application requirements are.
Fill in our Application Form
- Matunda Hub offices or
- Apply Online here
Deadline for Cohort A in 2019: 20th January 2019. – Program start in February 2019.
Deadline for Cohort B in 2019: 28th June 2019. – Program start in July 2019.
After screening the written applications, Matunda Hub schedules a phone interview with the most qualifying entrepreneurs and their creative agribusiness ideas. Successful candidates are being admitted to the incubation program.
Our screening criteria:
- Entrepreneurial mindset: The founder (or founding team) is dedicated and ready for hard work and failure, passionate and self-motivated. Entrepreneurs have a desire for personal and professional growth.
- Business viability & innovation: There is a difference between a good idea (something that someone one morning wakes up with) and a viable business (based on initial customer interactions and market research). This takes into consideration that you may have an ordinary idea but a unique sales, marketing or distribution strategy.
- Product-Market-Fit: The agribusiness sector is competitive; therefore there should be a clear customer pain/ problem that the product/ service is solving under consideration of future consumer trends.