A special business incubator opened earlier this spring in the Nizhny Novgorod region. According to Acting Vice Governor of the NN region Evgeny Lyulin, the incubator “will offer a full cycle of social project support from the ground up and until fruition.”
The following services are being offered as part of the incubator program:
- Consultations (legal, bookkeeping, admin, expertise and promotion); special attention should be paid to the training of not-for-profits as providers of socially valuable services;
- Co-working space for entrepreneurs;
- Social partnership center and self-employment, including a venue for professional interaction for all stakeholders, as well as the setup of pilot production sites and technologies for the physically/mentally impaired.
- Acceleration, including training and a series of investment pitches.
The Nizhny Novgorod region hopes that “by the end of 2018 the local residents will be able to receive as much as 10% of the social services required from incubator-trained NGOs.”