“Screw it, let’s do it.” Richard Branson
At Rotorua X, we are passionate about the Rotorua district. We firmly believe encouraging and supporting new enterprises will improve the region’s economic performance. This will be for the betterment of the whole community.
“The secret of getting ahead is getting started.” Mark Twain
Establishing and growing a new enterprise is challenging. There are so many different areas to be across. The Incubate programme gives the participants coaching and training to set goals, implement actions and increase overall success through business planning to help them work on their enterprise.
The Incubate programme is designed and delivered by Firestation, the Bay of Plenty’s only Business Growth Centre. It helps launch and accelerate new businesses and social enterprises. It is a collaborative initiative between Firestation, Rotorua X, professional advisory firms and a local co-working space.
“The coaching received through the Incubate programme was very helpful and led to the repositioning of my business strategy and updating my service offering. The experience gave me the confidence to achieve my goals and also helped me to know what my next steps should be. I would definitely recommend the Rotorua X Incubate programme.”
Emilie Castellanos-Wright, Owner, Liaison Services Limited
Over the twelve-week period participants receive one-on-one coaching sessions and group training modules to build business capability to help them succeed.
The Incubate programme is heavily subsidised thanks to the generous sponsorship of organisations including Rotorua Lakes Council, Waiariki Institute of Technology, Te Puni Kokiri and Mark Copeland Lawyers.
- 8 Mastery Modules providing training in sales, marketing, pitching, employment, etc. presented by experienced, local professionals recognised as leaders in their field.
- 3 Group Review sessions with a facilitated discussion encouraging participants to share their challenges, celebrate their successes, and support each other.
- 2 Coaching sessions to set goals, actions and plans for business success.
- Business Plan Presentation at the conclusion of the programme. A range of business plan templates are provided and it is expected participants will complete their plan in their own time (with assistance provided in the individual coaching sessions).
Cohort #10 is likely to start late 2017. Sign-up for Rotorua X newsletters to be notified when applications are open for the next cohort.
To spur business development and help launch new businesses.
Business incubators are not new and have been around since the late 1950s. The first recorded incubator was set up in New York in 1959. While it took a while for the concept to catch on, incubators are now proven internationally to help successfully launch new enterprises.
“Being part of Incubate has changed the way I look at things. It encouraged me to concentrate on my business as full-time work as opposed to a hobby, applying many of the different strategies I picked up from the coaching sessions.
Being surrounded by experienced business people and mentors was the most beneficial part of the programme. It exposed me to a range of people from different industries who I could call on for advice.” Hoani Kake a.k.a HAZADUZ
In simple terms, incubators are a place where new businesses get reduced or free rent to set-up. The key to an effective incubator is the support, leadership and mentoring they provide to participants. It’s critical that training, coaching and mentoring is wrapped around incubator tenants. On the other side of the coin, it is also essential that incubators are linked to investors or seed funding. Entrepreneurs need the opportunity to pitch for the investment to develop and grow their business idea.
Incubators provide benefits to the wider community as well. They help foster a community’s entrepreneurial climate, diversifies local economies, builds and accelerates the growth of regional industry clusters, supports business creation and retention and contributes to community revitalisation.
Help us with our ambitious goals
Since 2014 more than 60 participants have graduated from the Incubate programme.
We know the demand for Incubate is there. To make this goal a reality, we need to source funds through sponsorship partners.
Help boost our local business economy and sponsor Incubate today.
Karin Vincent – The Rogue Stage
For me Incubate was a chance to meet like-minded business people in Rotorua, focused on growing Rotorua in a positive way. It helped me to gain knowledge of business procedures and to challenge myself in an unfamiliar setting.
The main things I got out of Incubate was learning how to set goals for myself and work out a strategy to accomplish them. It really did grow my skills set.
Due to Incubate I am more organized and lay out steps to achieve my goal. I think about perception more and I value my work differently.
Claire Plaisted – Plaisted Publishing Limited
The best part of Incubate was meeting other new and young businesses in Rotorua as well as learning how to run a business from a business point of view.
Incubate really helped me. Due to the programme I updated my marketing skills to implement and gain more clients. It was also beneficial in helping me price my services within the marketplace.
Sarah Seerden – SarSee
Incubate was so helpful to me and really helped develop my fashion design label and business. Having support when I needed it and meeting new people who are running their own business was really beneficial.
It’s a great programme and I would highly recommend it to anyone wanting to start their own business.
Hoani Kake a.k.a HAZADUZ
Incubate has changed the way I look at things. It encouraged me to concentrate on my business as full time work as opposed to a hobby, applying many of the different strategies I picked up from the coaching sessions.
Being surrounded by experienced business people and mentors was the most beneficial part of the programme. It exposed me to a range of people from different industries who I could call on for advice.
I thoroughly enjoyed Incubate. It really helped me understand what I needed to do to advance my business.