business incubation
TRANSCRIPT
Business Incubation
Is a public / private, entrepreneurial, and social development process designed to nurture business ideas through a comprehensive business support program, help them establish and accelerate their growth and success.
Is a facility designed to assist businesses to become established and profitable during the start up phase.
It providesBusiness adviceBusiness servicesNetworkingMentoringFull time manager
Business Incubator
Four Phases Of Business Incubation
Pre Incubation
> Research support, training, business Planning
Early Stage
> Advice, Marketing, Technical, Legal, Accounting
Classic Incubation
> Accommodation, Funding Access, Network, Support
Graduation
> Marketing Close Support
Key success factorsThe four phases
Preparatory Process: Identification surveys to selected locations Local consultants who are familiar with local
conditions Identification of a strong sponsor Commitment by governmental agencies
Key success factorsThe four phases
The Start of Initial Operations requires:
Involvement of the private sector Continuing programs for improving
management skills of incubator staff and tenants
Links to other SME programs Exchanges of information
Key success factorsThe four phases
The Sustainability of Incubator Operations needs:
Imaginative ways of raising income Political stability, macro-economic policy
structure and regulatory framework that encourage entrepreneurship
Feasibility study
Is an important and necessary step to design the business incubator and assess whether an incubator must be feasible or not.
Topics1. Market (need analysis)2. Stakeholder-Community support3. Facilities and Services4. Infrastructure5. Financial feasibility
Planning Feasibility study
Social Economic Political Business Cultural situation
Establishment of Technology Incubation Center
Partners (Board Members and other Partners Number
Percentage
international agencies 36 13,4%
National authorities and public agencies 68 25,3%
Companies, banks and other private sector organizations
56 20,8%
Universities and other organizations 44 16,4%
Community and voluntary organizations 34 11,5%
Total 269 100%
Strengthening Technology Incubation Systems For Creating High Technology
Based Enterprices In Advance Developing Companies Of Asia and
The Pacific
I – Innovation & Entrepreneurship
N – Networks and Collaboration
C – Competitiveness
U – Understanding the roles (Public / Private Sector)
B – Buy -in
A – Access to resources
T – Technologies
O – Outreach
R – Review : Monitoring and Evaluation
Thank youfor your
Attention and participation