Overview:

The Micro Enterprise & Innovation Centre is designed to be a powerful Economic
Development Centre. The MIC offers various levels of entrepreneurial training, support,
and developmental programs to anyone interested in starting a home-based business
venture.

The MIC’s vision of the future is one where Technology & Innovation is incorporated to
maximize small business competitiveness and efficiency. Our prime directive is to assist
entrepreneurs in navigating the challenges that Micro Enterprises face during their
developmental phases of Infancy, Adolescence, and Maturity.
The business incubator will pursue and accomplish these additional directives in the first
year of operations:

• Join the National Business Incubator Association

• Launch a Pilot Project for Micro Enterprise & Innovation Centre

• Implement Six Sigma Methodology as a measurement and performance tool

• Incorporate Best Practices as defined by NBIA

• Recruit and nurture the development of home-based entrepreneurs

• Offer virtual administrative support services

• Promote Technology & Innovation

• Launch a Information Technology company under the umbrella of Social Entrepreneurship

• Launch an IT-based apprenticeship program and create Entry-Level IT employment opportunities

• Re-defining the links between universities, research institutions, and the local economy

According to the Small Business Administration (SBA), a large percentage of start-up
companies are unsuccessful within the first 5 years of their inception and operations. In
marked contrast, incubated start-up companies have a much higher success rate (90%)
than companies launched without incubation assistance. The Micro Enterprise &
Innovation Centre’s incubation process generally lasts for a maximum of 7 years,
affording the business an opportunity to build a client-base and establish market
sustainability.

In preparation for starting-up a Micro Enterprise or Home-Based Business, aspirants are
encouraged to consider their life values, professional experiences, and natural talents in
light of commercial trends in the global economy. The MIC will offer seminars and
workshops that prepare participants to make a paradigm shift to “Entrepreneurship".

Inspiring and nurturing the entrepreneurial spirit and bridging the Digital-Divide.

An idea whose time has come!