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🇪🇨 Ecuador /Economy & Trade

Quito's Incuba LAB Program Seeks to Boost Local Businesses

From El Comercio · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • Quito's municipality, through ConQuito, has launched the Incuba LAB program to support growing businesses and solidarity economy units.
  • The initiative offers personalized diagnostics and technical mentorship in areas like legal formalization, business models, marketing, and sales.
  • Entrepreneurs must be over 18, have a team of at least two, and provide sales proof; applications are open until August 18.

The Municipality of Quito, via the ConQuito agency, has opened applications for its Incuba LAB program, designed to bolster businesses in their growth phase and productive units within the Popular and Solidarity Economy. This initiative aims to stimulate local economic development by providing essential tools for consolidation in the market.

Selected entrepreneurs will receive tailored support, including personalized diagnostics and technical mentorship. Key training areas encompass legal formalization, refining business models, optimizing administrative and financial processes, advanced digital marketing strategies, and effective sales techniques for goods and services.

The program is open to individuals and legal entities with tax residency in Quito, as well as Popular and Solidarity Economy units. Applicants must be over 18 years old, have a team of at least two members, submit a one-minute video pitch, and provide sales records from the last six months. The application deadline is August 18, with all submissions and inquiries directed through the institutional portal.

This strategy underscores the municipal commitment to fostering optimal conditions for local productive projects to achieve stability and become significant job creators. Authorities encourage local entrepreneurs to leverage this technical assistance to enhance their reach and competitiveness.

DistantNews Editorial

Originally published by El Comercio in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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