best practices at top university business incubators - february 27th, 2014
DESCRIPTION
From the UBI Index Webinar on Feb 27th - Best Practices of Top University Business Incubators. Co-founder and author, Dhruv Bhatli - UBI Index, shares the secrets from the best incubation programs in the world! * How to successfully run and manage an incubator * How to have a successful business model * How to have a sustainable revenue stream * How to get maximum value from limited operational budgets * How to attract deal flow and talent * How to screen and select great startup clients Visit ubiindex.com to learn more!TRANSCRIPT
Best Practices at Top University Business Incubators From Webinar February 27th 2014
UBI IndexBenchmarking Incubation Globally
UBI IndexBenchmarking Incubation Globally
Working with the world’s most comprehensive global benchmark
of top performing business incubation programs
The organization is based in Stockholm, Sweden, with an international research team
specialized in incubation benchmarking
PARIS
Dhruv BhatliAuthor, Co-Founder
Dhruv is the Author of 'Best Practices at Top University Business Incubator'. He spearheads the product development and research at UBI Index.
AGENDA
How to have a successful business model?
How to get maximum value from limited operational budgets?
How to successfully run and manage an incubator?
How to attract deal flow and talent?
ubiindex.com
SUCCESSFUL BUSINESS MODEL
Understand the context of your incubator in the ecosystem Have the mandate and the objectives aligned with your
context
Generate your own commercial revenue Space rental model Service fee model Corporate sponsorship model Equity option model
.. and build your business model around your functional strengths!
ubiindex.com
Don’t rely only on public funding
BEST PRACTICES
Run the incubator like a startup – lean operations for e.g.
Be aware of the expectation from different stakeholders
Be contemporary, fresh and relevant in the ecosystem
Identify your short term goals and long term objectives
ubiindex.com
OPERATIONAL BUDGETS
Generally broken down into these parts Salaries and HR costs Infrastructure Events & marketing activities
Spend majority on salaries and HR Quality of HR affects the success of the clients startups
ubiindex.com
BEST PRACTICES
Behave in a frugal manner Be conscious and choosy! You can find free resources everywhere!
Link the budget to your success factors and the mission All your spending is then aligned to your objectives
Invest money in engaging with the community
Diversify your revenue stream
ubiindex.com
RUN & MANAGE A SUCCESSFUL INCUBATOR
Have a stable and viable business model Effectively manage the deal flow and the pipeline of the
incubator Have a clear positioning and branding in the ecosystem Keep the entrepreneurs in center when designing
entrepreneurship education Be relevant for both internal and external ecosystems
ubiindex.com
DEAL FLOWS & TALENTS
Organize events and field work to expand the network Establish relationships with sources of entrepreneur
Get referred by the alumni network Have a clear position in the ecosystem Communicate the success stories effectively Engage the investing community actively Be relevant in the ecosystem
ubiindex.com
LEARN FROM THE BEST!ubiindex.com
A unique chance to discover top performing incubators globally from the inside. Through 12 in-depth cases you’ll learn the secrets of top university business incubators.
AMERICASRice Alliance for Technology and Entrepreneurship, USA
Sid Martin Biotechnology Incubator, USATEC Edmonton, Canada
VentureLab, USA
EUROPENDRC, Ireland
SETsquared, United KingdomStartup Sauna, Finland
STING, Sweden
OTHERSATP Innovations, Australia
Innovation Centre Sunshine Coast, AustraliaNUS Enterprise Incubator, Singapore
StarTau, Israel
Free sneak peek availableLINK
