Startup incubators help entrepreneurs refine business ideas and build their companies from the ground up. Coming up with an exciting idea is the easy part, seeing that idea come to fruition is a whole different story. According to data collected in 2019, 90% of startups failed. While this may seem discouraging, there are often distinct and clear reasons why a lot of these startups could not successfully bring their ideas to life.
The overwhelming startup process is something that even a seasoned entrepreneur can find challenging. Using an incubator is a great way to set up a solid foundation and strategy for a startup to ensure its success and prevent major pitfalls. In 2010, a study from the National Business Incubation Association (NBIA) found that companies that participated in a business incubator had an 87% success rate.
With the continued evolving potential of cryptocurrency and GameFi, more startups than ever are finding their way into this emerging market. In order to become a breakthrough success within this new landscape, entrepreneurs are seeking out incubators and accelerators that have specific expertise in DeFi and gaming. As many of the traditional startup incubators do not have a specific lens and crypto comprehension.
GamesPad has been quickly solidifying itself as a well-rounded powerhouse within all aspects of cryptocurrency, gaming, NFTs, and the metaverse. And now, GamesPad is introducing its incubation program, a way for other GameFi startups to learn and grow from the best in the industry.
About The GamesPad Incubation Program
The intention of GamesPad incubation is to back purpose-driven entrepreneurs and help guide their projects through all of the necessary steps towards success within the crypto-gaming industry. They combine the best of traditional incubators with the innovative perspective of a decentralized holistic gaming ecosystem to comprehensively support talented game developers on their journey – all the way from idea to execution.
GamesPad puts in the effort to understand the industry at a high level, utilizing resources, connections, and best practices as a way of cultivating a process that is truly holistic and is at the project’s side every step of the way.
- The first step is to discover and vet the projects with potential for future success using rigorous due diligence and cumulative understanding.
- The second step takes these promising projects and polishes them into sparkling gemstones that showcase the highest quality attributes of a successful GameFi startup.
- The third step aims at building impact for the projects. With GamesPad access to industry networks and ecosystems, alongside comprehensive advisory services, the incubation project aims at supporting profitable growth for the long term.
Extensive Incubator Opportunities
As a 360-degree holistic gaming ecosystem, GamesPad takes a multitude of factors into consideration when approaching the process of incubation. Startups participating in their incubation program will experience support in a variety of forms including:
- Curating profitable business models
- Tokenomics consultation
- Fundraising opportunities
- Human resources
- Infrastructure and networking
- PR and marketing
- Legal and compliance
- Technology сonsultancy
Each of these areas is targeted with the understanding of a calculated risk, objective perspective, and true desire for empowering the self-fulfilled success of a project. Each process is customized to fit the specific needs, as there is no one size fits all program. This allows GamesPad to envision goals and a specific future for each startup, giving them the opportunity to truly shine in their distinct light.
Why You Should Consider Incubating with GamesPad
GamesPad is the collective culmination of years of expertise, research, and passion filtered into a productive gaming ecosystem aimed at propelling blockchain-based gaming through the mainstream and into the future. Supported by a team of highly advanced advisors, GamesPad moves companies through the startup process step-by-step and by their side the whole time.
The best way to ensure that an idea transforms into a successful startup project is to enlist the help of a qualified and innovative incubator to do the heavy lifting. GamesPad takes the best of both worlds from traditional incubations to a forward-thinking decentralized mindset, to create a program with a highly profitable and successful influence.
The emerging landscape of cryptocurrency and blockchain-based startups are still unfolding in both exciting and unpredictable ways. Having advisors on your side who can see a clear path with potentially rocky terrain is essential for projects braving this new digital world. It is an industry full of promise and opportunity, where a solid incubation can be the determining factor between a project that fails and one that is able to go the distance. As GamesPad continues to learn and grow, it will take its community along with it, and the projects it is able to help facilitate will become part of the future of the profitable new industry.
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