@iBizAfrica business incubator carries out the  Entrepreneurship and Incubation  theme of @iLabAfrica. @iBizAfrica seeks to provide a nurturing environment that builds on the potential of the youth to develop ICT solutions and businesses that work for the common good in society. The theme focuses on the following areas:

  • Fostering an environment for entrepreneurs to develop, nurture and exchange their innovative ideas.
  • Providing mentoring and services to start-up companies such as seed capital, legal advice, financial expertise, relevant training and physical resources.
  • Providing Business Incubation facilities and establish linkages with other incubation centres in the country and around the world.
  • Forging industry partnerships.
  • Acting as a focal point for investors (VCs, angel investors, private equity groups and banks) to engage potential technology entrepreneurs.

@iBizAfrica has already managed to forge valuable partnerships with IDEA foundation (Norway), Deloitte and CIO East Africa, among others. Some services offered by @iBizAfrica are:

  • Access to facilities: Dedicated space.
  • Access to finances,
  • Mentoring & Coaching,
  • Business Training, and
  • Pitch Friday

 @iBizAfrica Space  is an open office concept facility, located at the 5th Floor of the Student Centre Building. Also in the building are the following facilities:

  • Cafeteria
  • Banking hall
  • Shops
  • Free Adequate parking

There are two packages available:

Resident Startup

Dedicated Work-space with lockable desk and chair
An office cubicle (upon availability)
High Speed Wi-Fi and cable internet
Access to networking opportunities. ccess to talks, meetups, conferences and competitions tailored for startup .
Use of common Facilities and amenities
Shared program boardroom and meeting area
Access to Partner Services
Free IP Advisory and Legal Support
Access to Financial Modeling and business valuation advisory (minimum criteria must be met)
Mailing Address ,Access Badge

Incubator Startup

Dedicated work-space with lockable desk and chair in the open plan office
5 % discount on work-space per extra seat taken upto 5 seats
Access to boardrooms and meeting rooms with audio visual
Mentorship and Coaching
Lean Startup Training Access to seed funding and investors
Networking Opportunities, Access to talks, meetups, conferences and competitions tailored for startups
Access to Partner Services
Free IP Advisory and Legal suppor
Access to Financial modeling and business valuation advisory (minimum criteria must be met)
Mailing Address, Shared facilities and amenities, Access Badge

Working space will be on a first-come first-serve basis. Companies in this program are expected to use no more than 20-person hours per week of a working space during standard business hours (e.g. could be 2 people for 5 hours each over 2 days in one week, or 1 person for 4 hours per day in one week).

Company Commitment

Participating companies will be asked to sign an agreement, and to commit to the use of the space for at least 6 months and up to one year. @iBizAfrica reserves the right to monitor usage of the space and amend the agreement if the space is not being used for the intended purpose.

Applicants are asked to submit the following information to  ibizafrica@strathmore.edu :

  • Company name
  • Name of Principal(s) and contact information
  • Package desired (and if dedicated space the number of spaces required)
  • Desired start date
  • Desired duration (in months, between 6 months and 1 year)
  • An executive summary of the business plan, including a brief description of the current stage of the company and what is expected to be achieved over the time that they are located at the @iBizAfrica Space (not to exceed 4 pages)
  • 2 references

Applications will be evaluated by the @iBizAfrica Selection Committee and rated according to soundness of business plan and how well the space will assist the company in the 6 to 12 months.

The normal range for start-up capital will be between Kshs. 400,000 and Kshs. 800,000. Exceptions can be made upwards and downwards.