The incubation process typically involves several stages:
Application and Selection: Potential startups or projects apply to join an incubation program. They are usually evaluated based on the novelty, feasibility, and potential impact of their technology. Development and Mentorship: Selected teams receive access to facilities, funding, and mentorship. This phase often includes technical development, prototyping, and initial market research. Testing and Validation: Startups test and validate their technologies to ensure they meet performance and safety standards. This may involve conducting clinical trials or other forms of rigorous testing. Commercialization: Once validated, the technology is prepared for market entry. This includes developing a business model, securing intellectual property, and planning for scaling up production.
