The InfinityLab program comprises 4 phases:
Phase 1 – Inception
Running over the first 2 weeks.
During this phase implementation teams are formed
Innovation to be commercialised is clarified
At the end of this phase a decision is made, with the team, as to whether the team and innovation is viable.
Phase 2 – Validation
From weeks 3 – 6
A framework, or wireframe, of the minimum viable product is produced and with the team working well, and the innovation considered viable the innovation is validated with it’s anticipated market.
Phase 3 – Implementation
Weeks 6 – 12
With completion of the MVP, the new product or service is tested with customers.
Acquires partners, customers and is commercialised
Phase 4 – Expansion
At the end of 3 months it is anticipated that a viable product or service will have been produced.
The implementation team is supported by InfinityLab to grow revenue to reach profitability before leaving the InfinityLab program at the end of 12 months.