Are you a freelancer? Perhaps a startup or a well-established company? Whatever you are, you need hands-on assistance for your business. Be a member at MyBizHub today and unlock your business' infinite possibilities!
(CONSULTANCY ONLY)
(WITH FUNDING)
| Starter (1-3M) | P 15,000.00/mo | |
| Standard (< P 5M) | P 20,000.00/mo | |
| Premium (> P 5M) | P 30,000.00/mo | |
| Special | > P 150/Million/month | > P 250/Million/month |
| Criteria | INCUBATOR | ACCELERATOR |
| Stage | Start-Up | Scale-Up |
| Product | Product Development | Minimum Viable Product |
| Business Model | NO Business Model | Developed Business Model |
| Services | Consultation ONLY | With Funding |
| Timeline | 1-2 yrs | 3-6 months |
To help you and your founding team decide which business development program is best for your company, assess your specific needs and identify whether you're an early- or late-phase startup.
1. Assess the state of your business’s product. Incubators tend to be ideal for brand new businesses that do not have an established viable business model and that are still developing a product idea. Accelerators are ideal for early-stage existing companies that already have a minimum viable product (MVP).
2. Identify your funding needs. Incubators are an ideal choice for businesses that are not yet ready to seek capital investment. Accelerators suppsort businesses that are looking for seed investment to help scale up.
3. Determine the timeline of your business. Incubators help to support businesses over a longer period of time, while accelerators work with businesses to scale up rapidly within a matter of months.
Incubator and accelerator programs are highly selective, and the application pool is competitive. You must meet an incubator's specific criteria and submit a viable business plan as part of the application process. Startup accelerator programs have a similar application process, but they also require evidence that your business has high potential to scale up at an exceptionally fast pace.
We are here to help and answer any questions you might have.