Virtual startup incubators are popping up more and more these days in some of the most innovative industries. These incubators help startups grow and develop their products in a controlled environment with support, mentorship, and access to resources they wouldn’t ordinarily have access to.
If you’re a business owner or an entrepreneur, you probably know that being able to grow your business and expand your reach is crucial. After all, what good is having a brilliant idea or a great team if you don’t have access to the resources necessary to take your business to the next level?
You see, with so many businesses competing for limited resources it becomes increasingly difficult for new companies to rise above the noise and thrive.
However, with access to the right tools, resources, and networking opportunities it is not impossible. Top virtual startup incubators provide these and much more to you helping to kick start your new venture.
What Are Virtual Startup Incubators?
Virtual startup incubators offer startups a controlled environment and access to experts, mentors, and resources they wouldn’t ordinarily have access to.
They are a great way for entrepreneurs to test their business models, refine their products, and build a network of people who can mentor them as they grow.
The idea of virtual incubators has been around for a while, but it is only in the past few years that they have gained traction as a scalable business model (mainly due to covid-19 crisis).
The main reasons for this are the increasing demand for solutions to help startups scale, the emergence of blockchain technology, which has made the concept of decentralized business models more feasible, and the growing popularity of impact investing.
1. Pioneer App (US/Global)
Pioneer App, as one of the leading virtual startup incubators, was founded in 2013 as an online community for entrepreneurial ventures. Since its inception, the company has grown to serve over 7,000 startups from 70 countries.
The company provides a suite of cloud-based services that allow startups to collaborate, share ideas, and create products. One of the most impressive aspects of Pioneer App is the fact that they have been able to scale their operations at a rapid pace. As of 2016, the company was serving over 95,000 startups.
Pioneers can trade 1% of their equity for a long list of benefits and guidance from the most successful businesspeople in the world through the Pioneer App.
A small selection of entrepreneurs are eligible to seek for larger investment opportunities in exchange for up to 10% more of their business in this platform. To receive investment, all startups that join Pioneer must create a US (parent) firm.
Additionally, Pioneer App has a fantastic referral program. You might wind yourself owning 0.5 percent of a startup’s equity if you know any entrepreneurs wanting to fund their ventures.
2. dLab Incubator (US/Global)
Dlab, a venture fund and incubator that is a member of the SOSV accelerator family, was established in 2018 to help businesses using decentralized and blockchain technology earn money and resources.
The accelerator program is entirely remote and is run out of a local studio in New York City.
Dlab supports startups through a tried-and-true formula of scheduled review and feedback sessions, mentor interactions, and tailored hands-on assistance with product architecture and design, user experience, business development, and fundraising strategies.
Dlab, as one of the best virtual startup incubators, provides pre-seed capital in exchange for equity. Program lengths range from 90 to 180 days. Specialties create cohort groups.
Only 5% of applicants are chosen to participate in the program showing how competitive the program is. With follow-up funding, a global network of alumni, and $500,000 in services, SOSV offers additional support.
3. IDENO Startup Incubator (Canada/Global)
IDENO supports entrepreneurship by connecting entrepreneurs with service providers, business incubators, and mentors.
As one of the leading virtual startup incubators in North America, they offer an ecosystem for Sudbury and Northern Ontario entrepreneurs to connect you with public and private service providers as well as Canadian industry leaders.
You can obtain market intelligence, participate in a number of workshops, receive constructive criticism for your business concept, and take advantage of formal and informal learning opportunities.
Moreover, startup can learn about tax rebates, how to apply for startup funding, government pay subsidies, building a successful organizational culture, and hiring the right personnel as just a few of the topics covered in workshops.
You will be able to engage, communicate, and collaborate with other participants via Tech-avatar-based AdaptiKa’s platform, as well as have private meetings just like you would in person.
4. 10000 Startups (India/Global)
Started in 2012, the Bangalore-based startup accelerator is one of the most well-known incubators in the world. The company has offices in over 70 countries and offers entrepreneurs access to a range of resources.
Every year, their virtual incubation program helps close to 400 entrepreneurs. It is made to assist early-stage to mid-stage entrepreneurs seeking connections and a jumpstart.
By giving assistance in the form of a Startup Kit and linking the business with an extensive network of assessors and mentors, the program creates the ideal atmosphere for such entrepreneurs to scale up.
The Virtual Program, as one of the best virtual startup incubators in Asia, receives a considerable volume of applications being one of the biggest of its kind.
The selection procedure comprises two rounds of screening by our committee members, who are comprised of external stakeholders, and the regional leads.
Theynow enroll entrepreneurs in the virtual incubate program once a month to speed up the selection process and decrease waiting times for startups.
5. 1Mby1M (US/Global)
One of the oldest virtual startup accelerators in the world, One Million by One Million (1Mby1M), is based in Silicon Valley. They want to help a million entrepreneurs grow their businesses to a million dollars in annual revenue and beyond, adding a trillion dollars to the global GDP and ten million jobs in the process.
Sramana Mitra, a businesswoman from Silicon Valley and a strategist, established 1Mby1M in 2010. In 2015, she was recognized as one of LinkedIn’s Top 10 Influencers.
What their Premium Program provides:
- Curriculum for accelerated learning that is essential and practical
- Online project mentoring can assist you in making strategic decisions and alterations.
- Help obtaining fundraising through personal introductions to investors
- Introductions made personally to clients, channel partners, the media, analysts, and advisors
- Fee: $1000 for an unlimited annual membership;
- 1Mby1M Basic is only available as curriculum. Each month, it costs $99.
6. The Startup Hatchery (South Africa/Global)
The Startup Hatchery is one of the best virtual startup incubators in Africa based in South Africa.
Through interactive online and assisted entrepreneurship projects, they deliver a hands-on learning experience tailored exclusively for South African entrepreneurs.
In order to protect your ESD points and maximize business effect, this incubator works with you to plan, build, and implement Enterprise and Supplier Development (ESD) solutions that seek to boost the participation of black-owned SMEs inside your corporate supply chain.
The Startup Hatchery offers two types of programs: pre-incubation and full incubation.
The founders enrolls in a pre-incubation program. To learn how to investigate, create, and present a workable business model and business plan, they will participate in business model and business plan training.
Entrepreneurs take part in a 3-month online full incubation program after finishing the pre-incubation phase. Early-stage business owners have the autonomy to concentrate on launching a company while maintaining the ability to access learning at any time, anywhere.
7. Polsky Center for Entrepreneurship and Innovation (US/Global)
Polsky Center for Entrepreneurship and Innovation is one of the leading venture startup incubators in the US. Argonne National Labs and Fermi National Accelerator Lab are sponsored by the University of Chicago and offer a free online gateway of workshops.
There is available educational material about entrepreneurship through purchase. 24-week programs are offered. Experts in venture funding, business creation, and intellectual property laws provide founders with guided guidance.
Founders get access to the vast investor network of the Polsky Center. The founders take part in frequent goal-setting sessions and instruction on a range of crucial business growth subjects.
The George Shultz Innovation Fund, which will invest up to $250,000, will assist founders in finding business talent to assist a scientific team launch from a lab. Founders also receive assistance in obtaining early-stage funding sources like grants and seed investment.
8. Startupbio Virtual Incubator (Europe)
Startupbio is the EMEA leader in business acceleration and growth programs. They are one of the the leading virtual startup incubators in Europe and the only European incubator which has been recognized with a global award for a business acceleration program for digital startups.
You have the chance to take part in a virtual acceleration program that will give you all the skills you need to accomplish your goal along with 11 other new and aspiring European entrepreneurs from Italy, Greece, Spain, and Portugal through the StartupBio Virtual Incubator.
You will receive training on various essential elements for a successful organic business within the StartupBio Virtual Incubator, including business models, finance, locating suitable agricultural land, product development and marketing, as well as taxation and leadership.
9. Build Up Labs Startup Incubator (Portugal/Global)
Build Up Labs was established a virtual startup incubator to assist other new entrepreneurs based on the knowledge they have gained and the resources the incubator has access to.
As (former) founders, Build Up Labs have encountered several challenges and committed every conceivable error. Numerous lessons have been learned from this experience, but most importantly, it has motivated us to support other founders.
They established their incubator in 2020, as one of the leading virtual startup incubators, with the goal of assisting founders in starting and expanding their businesses because of this. Their team includes seasoned business professionals prepared to lead you on a challenging yet fruitful entrepreneurial path.
Mentorship, networking and partnership possibilities, exclusive benefits, and a community of like-minded business founders are all provided through their startup incubation program.
Build Up Labs has received certification from Startup Portugal and IAPMEI as an incubator for the Startup Visa program.
10. Coara Incubator (Global)
The Coara Incubator is designed and run by seasoned founders who are familiar with every stage of the startup process.
The group helps entrepreneurs learn how to effectively organize a business for the future by providing assistance, education, and mentorship in all key disciplines.
Highlights of this program
- Selected startups receive a convertible loan of up to $50,000.
- Assistance with sales and marketing at all levels of product development and traction
- Numerous benefits, including the chance to learn from the top professionals in your field and credits for 9 (European) software tools to operate your firm
- Launch of the workshop on a Mediterranean island
Conclusion
Whether you are a startup CEO or an aspiring entrepreneur, having access to the right resources can help you accelerate growth and achieve your goals.
There are a variety of virtual incubators you can use to assist with your business growth, either to jump-start the process or to continue working from your current location.
Top virtual startup incubators are especially useful for those who are based out of state and/or outside of the city where the accelerator is located. With the help of this buying guide and a list of best-rated virtual incubators, you can find the best option for your needs.
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