Aspire Incubator is our newest initiative meant to connect promising start-ups, initiated by our Alumni, to outstanding individuals from the Romanian business community, who will serve as mentors. This platform is dedicated to Aspire Alumni and in the near future will be available for public.
Aspire Incubator is a year-long program which aims to promote and support the entrepreneurial spirit in ambitious young people within the Aspire alumni community. During the application period, participants have the opportunity to receive feedback on their business plan and pitch, enhancing their communication skills and their business global acumen. During the incubation period, the selected teams have the opportunity to learn from the greatest businessmen in Romania, while developing their learning curve and understanding how the start-up world works, through participating at different events, conferences and funding sessions.
How does Aspire Incubator work?
After a rigorous selection process and several rounds of feedback on the business plans, members of the Incubator decide which are the best teams to proceed to the Pitch Day, usually held in January. During this event, participants have the opportunity to meet the potential mentors and Aspire board members. The new venture teams each present their start-up idea and answer questions from a panel of potential mentors. The mentors select the 2-3 ventures that are going to be ‘incubated’ in the first iteration of the Aspire Incubator and choose the venture they would like to be involved with. The mentorship process spans over 6 months and combines informal interactions – as determined by the mentors – with regular progress check-ups from the Aspire Incubator team. A weekly set of goals is decided, the Incubator reviewing the teams’ progress and ensuring that targets are aligned and met for that week. Following this, the teams present their progress in a 1-2 hour catch-up with their mentor and agree upon the next goals. In July, at the end of the Aspire Summer program the project teams present in front of the mentors and their peers what progress they have achieved alongside learning curve and future plans.
How will Aspire Incubator support you?
- CONNECT: you have the opportunity to network with young entrepreneurs and also with top businessmen. Your new network will help you overcome typical start-up obstacles and will act as a business knowledge platform
- LEARN: if selected, you will be part of a 6-month period of continue learning. You will also have the opportunity to meet several investors and to transform your idea to a company
If your dream is to become an entrepreneur, then chase it and apply to Aspire Incubator, to learn from the greatest businessmen in Romania!