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Business Incubator

One of the channels to encourage the development of successful entrepreneurial ventures is the setting up of business incubators. These are organisations that help entrepreneurs get off the ground through mentoring, funding and facilities and the concept has been around since the 1950s.

In Zimbabwe, however, business incubators have not been a popular phenomenon. Some developments have taken place over the past few years that have seen the emergence of the Harare Institute of Technology as an incubation centre. With the collaboration of the Embassy of India in Zimbabwe, HIT has been involved in the promotion of the incubation concept laying the foundation for entrepreneurial development.

The institution's mandate is for the development, incubation, transfer and commercialisation of technology as well as human capital for greater national industrialisation.

To read the full, original article click on this link: allAfrica.com: Zimbabwe: Incubators Provide Cutting-Edge Support for Your Start-Up