Incuvate.a transformative workforce solution company

EMPLOYMENT, DIGNITY & POSITIVE SOCIAL OUTCOMES

Providing

to10M REFUGEESby the year 2022

Juma’a

42.5 45.251.2

59.565.3

2011 2012 2013 2014 2015

Millions are facing the same challenges

… and their numbers are growing(in millions)

*UNHCR

Refugees have

skills. 91%of Syrian

refugees are literate.

70%of refugee adults

have attended high-school, or

college.

67%Of Syrian jobs

are in government, or

professional services

*Building a New Life Study, May 2016

The world demands these skillsBusinesses all

over the world

demand these

skills.35%

of managers do not have enough applicants to fill their positions.

*CNBC

Employers have been unable to reach these employees…

until now.

Incuvate is a transformative employment solution connecting refugees to work opportunities.

Incuvate will transform containers into mobile workstations.

Incuvate is a place to connect refugee talent with the market.

Incuvate’s model is perfect for digitizing records.

Need for services

Growing sector

Feasible task for refugee

workforce

Juma’a comes to a

local Incuvate station

to work on a

digitization job.

+$210 Juma’a can…

monthly income

With an additional

PAY RENTFEED HIS FAMILY

PAY OFF DEBT

SAVE FOR POST-SETTLEMENT

2018

15pilot

locations

Initial $1M needed to pilot our first 15

locations in Jordan.

2018

15pilot

locations

38Krefugees

reached

Appendix Pg. 1

2019 2020 2021

139K328K

617K

55 110170

Initial revenue will be plowed back to

fund mobile scale.

Year 2

locations

Year 3

locations

Year 4

locations

10M

Total

Incuvate

locations

250

2022

refugees

impacted

2018

15pilot

locations

Ultimately, Incuvate will reach 10M

refugees by 2022, with 250 locations.

38Krefugees

reached

2019 2020 2021

139K328K

617K

55 110170

Appendix Pg. 1

2018 2019 2020 2021

Incuvate is self sustaining, and will

become profitable by the end of

year three.

2022

($675.8K)($980.6K)

($28.0K)

$1.47M

$3.26M

NET PROFIT PER YEAR

Appendix Pg. 2

Incuvate has a competitive advantage in the industry.

Partnerships break down barriers to

entryMobile

Lower Cost

Appendix Pg. 1-2

Incuvate creates an organic pathway to better outcomes.

● 65.3M refugees

displaced in 2015

● Refugees have skills

● Firms need these

skills

● 250 locations

● 10M refugees

● Profitable

● Sustainable

*UNHCR

Situation Solution

Incu

vate

.

Incuvate.a transformative workforce solution company

CHRIS

DIGIACOMANDREA

TREADWELL

SINGFIELD II

NESSI

HARARI

ALYSSA

RINCKChief Executive Officer Chief Technology Officer Chief Growth Officer Chief Operations Officer

Chief Executive responsible for all

functions across 53 different business

units

Director of Israeli Social-Enterprise

focused on creating and managing

community computer labs

Built and managed $500M client

portfolio at Macy’s, a Global 400

Company

Consumer Operations

Consultant at Google; Operations Manager at leading

eCommerce start-up

Appendix.

Market Size

Running total

40 Desks 40

2 Shifts Worked / Day 80

7 Days/Week Worked 560

6 How many times a year workers will turn over 3360

5 People per household one person can help 16800

One Incuvate location will help 16,800 refugees annually

Multiplier

YEAR 2018 2019 2020 2021 2022 TOTAL

NEW INCUVATE LOCATIONS 15 40 55 60 80 250

RUNNING TOTAL LOCATIONS 15 55 110 170 250 250

NUMBER OF PEOPLE IMPACTED 252000 924000 1848000 2856000 4200000 10080000

250 Incuvate locations will reach 10M refugees by 2022

1

Profitability2018 2019 2020 2021 2022 TTL

REVENUE 27,751,680$ 101,756,160$ 203,512,320$ 314,519,040$ 462,528,000$ 1,110,067,200$

FIXED COSTS

CONTAINERS 525,000$ 1,400,000$ 1,925,000$ 2,100,000$ 2,800,000$ 8,750,000$

COMPUTERS 90,000$ 240,000$ 330,000$ 360,000$ 480,000$ 1,500,000$

SHIPPING 37,500$ 100,000$ 137,500$ 150,000$ 200,000$ 625,000$

MODEMS 30,000$ 80,000$ 110,000$ 120,000$ 160,000$ 500,000$

CHAIRS 12,000$ 32,000$ 44,000$ 48,000$ 64,000$ 200,000$

MISC. OFFICE SUPPLIES 2,250$ 6,000$ 8,250$ 9,000$ 12,000$ 37,500$

INTERNET LINE SET UP 6,750$ 18,000$ 24,750$ 27,000$ 36,000$ 112,500$

PRINTERS 900$ 2,400$ 3,300$ 3,600$ 4,800$ 15,000$

PLATFORM BUILDOUT+ MAINTENANCE 100,000$ 20,000$ 20,000$ 20,000$ 20,000$ 180,000$

COGS TOTAL 804,400$ 1,878,400$ 2,582,800$ 2,817,600$ 3,756,800$ 11,840,000$

VARIABLE COSTS

WAGE EXPENSE 27,516,592$ 99,587,504$ 198,755,008$ 306,931,376$ 451,073,200$ 1,083,863,680$

PERMITS 219,300$ 603,075$ 1,608,200$ 1,615,510$ 1,366,970$ 5,413,055$

NON WAGE EXPENSE

INTERNET 9,000$ 33,000$ 66,000$ 102,000$ 150,000$ 360,000$

INSURANCE 14,400$ 52,800$ 105,600$ 163,200$ 240,000$ 576,000$

IT SUPPORT 9,000$ 33,000$ 66,000$ 102,000$ 150,000$ 360,000$

TRAVEL 9,600$ 19,200$ 19,200$ 19,200$ 19,200$ 86,400$

MARKETING 150,000$ 225,000$ 337,500$ 506,250$ 759,375$ 1,978,125$

NON WAGE EXPENSE TOTAL 192,000$ 363,000$ 594,300$ 892,650$ 1,318,575$ 8,773,580$

VARIABLE COSTS 27,927,892$ 100,553,579$ 200,957,508$ 309,439,536$ 453,758,745$ 1,092,637,260$

OPERATING PROFIT (980,612)$ (675,819)$ (27,988)$ 2,261,904$ 5,012,455$ 5,589,940$

TAXES -$ -$ -$ 202,120$ 1,754,359$ 1,956,479$

NET PROFIT (980,612)$ (675,819)$ (27,988)$ 1,470,238$ 3,258,096$ 3,043,914$

2

$1M seed money will go toward..

2018

FIXED COST TOTAL 804,400$ (First 15 containers, and platform buildout)

NON WAGE EXPENSE 192,000$ (Marketing, travel, insurance, IT support)

996,400$

3

Variable costs

running total 27,927,892$ 100,553,579$ 200,957,508$ 309,439,536$ 453,758,745$

YEAR 2018 2019 2020 2021 2022

CONTAINERS 15 55 110 170 250

LABOR 27,026,592$ 99,097,504$ 198,195,008$ 306,301,376$ 450,443,200$

INTERNET 9,000$ 33,000$ 66,000$ 102,000$ 150,000$

INSURANCE 14,400$ 52,800$ 105,600$ 163,200$ 240,000$

IT SUPPORT 9,000$ 33,000$ 66,000$ 102,000$ 150,000$

TRAVEL 9,600$ 19,200$ 19,200$ 19,200$ 19,200$

MARKETING 150000 225000 337500 506250 759375

PLATFORM MAINTENANCE

WORK PERMITS 219,300$ 603,075$ 1,608,200$ 1,615,510$ 1,366,970$

SALARIED EXECUTIVES 490000 490000 560000 630000 630000

LABOR + SALARY 27,516,592$ 99,587,504$ 198,755,008$ 306,931,376$ 451,073,200$

4

WAGE EXPENSE PER LOCATIONTier # of employees Emp Wage SHIFT HRS $/SHIFT HOURS/ DAY $/DAY TTL/YEAR WAGE/MONTH TRAINING HRS TRAINING WAGE

Tier 1 24 5.56$ 8 44$ 16 2,135$ 779,290$ 178$ 2016 89,672$

Tier 2 10 6.56$ 8 52$ 16 1,050$ 383,104$ 210$ 840 44,083$

Tier 3 6 7.56$ 8 60$ 16 726$ 264,902$ 242$ 504 30,482$

Manager 3 12.00$ 8 96$ 16 576$ 210,240$ 384$

TTL LABOR 43 253$ 4,486$ 1,637,536$ 1,014$ 3360 164,237$

5

FIXED COSTS

running ttl 804,400$ 1,878,400$ 2,582,800$ 2,817,600$ 3,756,800$ 11,740,000$

COST QTY TTL PER 2018 2019 2020 2021 2022 TTL

Containers 35000 1 35000 525000 1400000 1925000 2100000 2800000 8,750,000$

Shipping 2500 1 2500 37500 100000 137500 150000 200000 625,000$

Computers 150 40 6000 90000 240000 330000 360000 480000 1,500,000$

Chairs 20 40 800 12000 32000 44000 48000 64000 200,000$

Modem 2000 1 2000 30000 80000 110000 120000 160000 500,000$

Misc. Office Supplies 150 1 150 2250 6000 8250 9000 12000 37,500$

Internet Line Set Up 450 1 450 6750 18000 24750 27000 36000 112,500$

Printers 35 1 35 900 2400 3300 3600 4800 15,000$

Platform buildout 100000 20000 20000 20000 20000 180,000$

6

Prospected Market Growth for the Document Management Services Market in the US

Year Revenue ($m)%Change

RevenueIVA ($m) Establishments (Units) Enterprises (Units) Employment (Units)

2015 5,444.1 4.22% 3,296.7 1,918 1,574 62,341

2016 5,553.8 2.02% 3,384.0 1,955 1,603 63,861

2017 5,659.2 1.90% 3,470.4 1,989 1,630 65,291

2018 5,739.8 1.42% 3,543.8 2,016 1,650 66,477

2019 5,815.4 1.32% 3,615.2 2,040 1,668 67,548

2020 5,901.8 1.49% 3,693.6 2,062 1,686 68,630

Average CAGR 2016-2020

1.96%

Added Employee

Units 2016-2020

6,289

Revenue Increase 2016-

2020$28,760m

7

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mp

ute

r W

orkstatio

ns

53

FEE

T B

Y 8

.5 F

EET

CO

NTA

INER

Individually-fitted computer workstations.

Externally fitted with solar panels and photovoltaics to generate and store power.

Internal and external insulation for temperature control.

Features of the Incuvator Container

8

Bibliography.

1. Kramsay, Georgina. "Election FactCheck: Are Many Refugees Illiterate and Innumerate?" The Conversation. The Conversation US, Inc., 18 May 2016. Web. 1 Nov. 2016. <http://theconversation.com/election-factcheck-are-many-refugees-illiterate-and-innumerate-59584>.

2. "Is This Humanitarian Migration Crisis Different?" Migration Policy Debates (2015): n. pag. 7 Nov. 2015. Web. 1 Nov. 2016. <https://www.oecd.org/migration/Is-this-refugee-crisis-different.pdf>.

3. "Literacy Rate Up Among Refugees." People. Financial Tribune, 07 June 2016. Web. 1 Nov. 2016. <https://financialtribune.com/articles/people/43072/literacy-rate-up-among-refugees>.

4. Capps, Randy, and Michael Fix. "Ten Facts About U.S. Refugee Resettlement." Research. Migration Policy Institute, 01 Mar. 2016. Web. 18 Nov. 2016. <http://www.migrationpolicy.org/research/ten-facts-about-us-refugee-resettlement>.

5. "Getting the New Arrivals to Work." Business Section. The Economist Newspaper, 12 Dec. 2015. Web. 1 Nov. 2016. <http://www.economist.com/news/business/21679791-businesses-could-benefit-and-refugees-integrate-faster-if-ewcomers-europe-were-able>.

6. "Document Management Services." IBISWorld. N.p., 1 July 2016. Web. 1 Nov. 2016. <http://clients1.ibisworld.com/reports/us/industry/default.aspx?entid=5044>.

7. Graham, Luke. "Companies Face ‘crippling' Talent Shortage." Jobs. CNBC LLC, NBC Universal, 18 May 2015. Web. 1 Nov. 2016. <http://www.cnbc.com/2015/05/15/manpower-says-businesses-face-crippling-talent-shortage-across-the-world.html>.

Bibliography