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1M/1M Incubator-in-a-Box
for Corporate Incubation of Platform Eco-systems
Sramana Mitra
CEO, 1M/1M
Mission
• Offer a scalable corporate incubation
program that can help corporations groom
entrepreneurs developing on their
platforms globally
Observation
• Platforms are a major trend in technology
• Developing eco-systems around them is a
key goal for technology corporations
Framework
• The 1M/1M Incubator-in-a-Box offers an
affordable, easy-to-implement, easy-to-scale
virtual methodology
• Includes online curriculum, weekly
mentoring roundtables, and connecting of
the dots
• $1000 annual membership fee per
Entrepreneur (team)
Philosophy
• Case study based learning
• Inclusive, not exclusive
• Draw inspiration from the global 1M/1M
community of entrepreneurs
• Moderated, methodology based
Best Practices
Broad Cultural Shift
• Incorporate weekly FREE Online Public
Roundtables to the events calendar
• Encourage people to attend to get business
help, not just technical assistance
Run Contest
• Make it high visibility
• Encourage everyone in the eco-system to
participate, apply
• Winners get 1M/1M scholarships to gain
access to a formal incubation program
• Repeat the contests every quarter to keep
the excitement alive
Incubatees
• Are encouraged to
• Master the curriculum
• Attend weekly private roundtables
• Pitch at the roundtables and get feedback
• Follow the methodology to get product to market
• Use PR platform to gain visibility
• Gain connections to customers, channel partners, investors,
media, analysts
• Gauge fundability of the business, and if appropriate, raise
funding using the program
Additional Outcomes
• Corporation may
• Invest
• Acquire
• Form channel partnerships
• Based on projects in the incubation program
• 1M/1M can screen and recommend
Privacy &
Confidentiality
• The goal of the program is scalability,
including financial
• Hence, we trade off 1-on-1 mentoring in
favor of group roundtables
• Corporations can offer ‘custom’ or ‘private’
mentoring sessions at $750/hour
• Entrepreneurs can also buy for themselves as
needed
Financials
• To engage 1000 entrepreneurs
• 10 Scholarships per quarter = $10k
• 40 Scholarships per year = $40k
• Plus, 1-2 Manager Accounts = $1k-2k
Financials
• To engage 5000 entrepreneurs
• 50 Scholarships per quarter = $50k
• 200 Scholarships per year = $200k
• Plus, 5-10 Manager Accounts = $5k-$10k
Outcome: Create a thriving, high
energy, eco-system full of
entrepreneurs who not only “develop”
products, but also thrive as businesses.

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The 1M/1M Incubator-in-a-Box for Corporate Incubation in Platform Eco-Systems

  • 1. 1M/1M Incubator-in-a-Box for Corporate Incubation of Platform Eco-systems Sramana Mitra CEO, 1M/1M
  • 2. Mission • Offer a scalable corporate incubation program that can help corporations groom entrepreneurs developing on their platforms globally
  • 3. Observation • Platforms are a major trend in technology • Developing eco-systems around them is a key goal for technology corporations
  • 4. Framework • The 1M/1M Incubator-in-a-Box offers an affordable, easy-to-implement, easy-to-scale virtual methodology • Includes online curriculum, weekly mentoring roundtables, and connecting of the dots • $1000 annual membership fee per Entrepreneur (team)
  • 5. Philosophy • Case study based learning • Inclusive, not exclusive • Draw inspiration from the global 1M/1M community of entrepreneurs • Moderated, methodology based
  • 7. Broad Cultural Shift • Incorporate weekly FREE Online Public Roundtables to the events calendar • Encourage people to attend to get business help, not just technical assistance
  • 8. Run Contest • Make it high visibility • Encourage everyone in the eco-system to participate, apply • Winners get 1M/1M scholarships to gain access to a formal incubation program • Repeat the contests every quarter to keep the excitement alive
  • 9. Incubatees • Are encouraged to • Master the curriculum • Attend weekly private roundtables • Pitch at the roundtables and get feedback • Follow the methodology to get product to market • Use PR platform to gain visibility • Gain connections to customers, channel partners, investors, media, analysts • Gauge fundability of the business, and if appropriate, raise funding using the program
  • 10. Additional Outcomes • Corporation may • Invest • Acquire • Form channel partnerships • Based on projects in the incubation program • 1M/1M can screen and recommend
  • 11. Privacy & Confidentiality • The goal of the program is scalability, including financial • Hence, we trade off 1-on-1 mentoring in favor of group roundtables • Corporations can offer ‘custom’ or ‘private’ mentoring sessions at $750/hour • Entrepreneurs can also buy for themselves as needed
  • 12. Financials • To engage 1000 entrepreneurs • 10 Scholarships per quarter = $10k • 40 Scholarships per year = $40k • Plus, 1-2 Manager Accounts = $1k-2k
  • 13. Financials • To engage 5000 entrepreneurs • 50 Scholarships per quarter = $50k • 200 Scholarships per year = $200k • Plus, 5-10 Manager Accounts = $5k-$10k
  • 14. Outcome: Create a thriving, high energy, eco-system full of entrepreneurs who not only “develop” products, but also thrive as businesses.