Six stage incubation methodology adapted by LEAF with its partners and tested with start-ups and students across the country. This includes elements of lean methodology, design thinking, building superior value propositions, user centric/problem centric solutions and other contemporary practices being adopted by leading incubators across the globe.
The six stage methodology is as follows:
Two Weeks: Teams work on getting settled with their teams, dividing the work, getting more feedback from the users/mentors. Mentors from incubators, companies & alumni, mentor the teams through the online platform, look at their business models & give feedback.
Four Weeks: Teams identify their product specifications/Market-Value-Proposition (MVP) requirements and finalize their product blueprints and eventually build their product components. They also receive alumni/technical mentor(s) based help in technical components of building their products.
Two weeks: Business Model is built & MVP is tested to further refine over this two weeks. Team works on field for validation of their business model/MVP elements. Mentors also help the teams on their business models/MVP validation.
Six Weeks: Completing/Reviewing all outstanding issues, network & partnerships and communication strategy/plan
Presentations are made over the various incubators staff, VCs, invited stakeholders etc. who may support/invest in the startups.
Product/service is introduced into the market; user feedback is sought, marketing activities are carried out