It has been four and a half months of grinding work with KTH innovation along with juggling studies, examination and travelling. The things I have learnt and the people I have met at KTH innovation unmatched anywhere else. This blog is about my experience with KTH innovation preincubation program so far. The journey has been about doing, diving, developing myself as an entrepreneur. If you are interested in taking up a similar explorative journey, you can apply to the program here.
A close community of entrepreneurs
The best part about the program is “Pay it Forward” rule. Every team is willing to help the other teams. For example, one of the teams taught and helped me out with recruiting people. Another team wanted me to help them procuring machines from India since they had heard that it’s cheaper to do that. There are a lot of such examples of us growing together as a community. We also have a coworking space which makes it easier for everyone to engage in discussions.
The structured way forward!
There were thousands of pitching competition which I attended and a hundred more where we won. But nothing just happened after that. We would present a great idea but we never carried it forward. But here we found a structured framework, a timeline with gates and realistic milestones which motivates us to accelerate forward and develop our ideas further.
Weekly Group Meetings
Every week on a Wednesday, our batch meets up over lunch. Workshops related to entrepreneurship is conducted by the group coach along with different people at KTH innovation. This helps a lot in tuning our entrepreneurial skills.
We are grateful for having the opportunity to be funded by KTH holding. Kth holding would invest up to 250000 sek divided into various stages of your company like market study/analysis, prototyping and testing, marketing, intellectual property rights.
We also have received legal opinions from the legal team at KTH innovation. They have assisted us in applying for a patent, also while recruiting an external consultant with the NDA documents, the equity and covesting agreements when hiring team members.
Entrepreneurship is a journey where you get stuck all along the way and its all about trying to find our way out of the mess. And it would be great to have a coach or a mentor whose experience we can rely on. We have our own personal coach who helps us develop on our business idea in all aspects.
This is how the program works!
The KTH Preincubation is a 12-month program giving access to the above-mentioned facilities. The applications are open right now. The only criteria is that you should be a KTH student, researcher or employee with an idea you want to develop. The program is free of cost and KTH innovation demands no ownership from you.
So think a little further and apply here for batch 11 now! Deadline for application is 12th February.