Series 5, Episode 3: How does a business incubator foster innovation and creativity?

Launching a business isn’t for the faint-hearted. Many hours of sweat and tears go into getting a business idea off the ground. Some entrepreneurs choose to go at it alone but not everyone has the combination of skills, resources and networks to take their business to the next level. That is where business-growth organisations like incubators can add significant value.

In this episode or series five of the BLP podcast, we talk with Marc-Antoine about V-Lab, Vanuatu's first business and ideas incubator. Marc-Antoine tells us how V-Lab works, what they are doing to support SMEs and why BLP partners with them.

Chapters

• 2:04 What is V-Lab and how is BLP involved?
• 4:21 Some of the challenges that SMEs in Vanuatu face.Does this stifle innovation?
• 8:53 How does V-Lab support entrepreneurs?
• 16:01 Examples of innovation within V-Lab
• 19:23 Some of the ideas V-Lab is supporting
• 24:05 Why is BLP interested in supporting V-Lab as an incubation program