We would like to evaluate your business idea. The main
focus being the feasibility of the project, the relevance
of the business concept and the potential market acceptance.
The approval process usually take three to six weeks,
the length of the approval process is largely dependent
on the preparedness of the prospective company.
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Pre – Incubation and Evaluation
Phase
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Incubation Phase
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Phase 2
Presentation to FONGIT
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Phase 3
Presentation to
FONGIT SELECTION COMMITTEE
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Start of Incubation
Phase if case accepted
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Up to 2 weeks
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2 to 5 weeks
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6 to 8 weeks
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Up to 2 years
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Step 1: Submit your
Idea
Send us your Business Plan or Executive Summary. Alternatively,
you may use our form to present your project.
Step 2: Presentation to FONGIT
If the initial evaluation of the submitted business idea
is positive, FONGIT will arrange a meeting with the company.
Step 3: Presentation to FONGIT Committee
If a company successfully passes through the first steps
of the process the company will then be asked to make
a presentation to the FONGIT Committee.
Throughout the application process, on an as-needed basis,
FONGIT will perform research and due diligence of the
company, the management team, the industry, and current
and future competitive elements facing the business.