business incubation

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