Entrepreneurship

Incubating Innovation

Empowering PeopleEfficient Investment

BUSINESS INCUBATION

CENTRE

What are Business Incubators• Incubation is a dynamic process of

business development.• Incubators nurture young firms, helping

them to survive in their early stage.• Incubators provide:– Infrastructural support i.e. office space, meeting room– Platform to do networking– Management assistance – Other support services, specific to incubators

Benefits of Incubation

– THE NEW TECHNOLOGY / PRODUCT GETS DEVELOPED

– INFORMED INVESTMENT CHOICE

–POSSIBILITIES FOR TAKEOVER

FOR ENTREPRENEURS

– LOW COST INNOVATIVE CENTERS

–POSSIBILITIES FOR TAKEOVER

–THE INNOVATIVE PRODUCTS ARE BRANDED

FOR CORPORATE WORLD

– ECONOMIC DEVELOPMENT

– SOCIAL BENEFITS

– ENCOURAGEMENT TO INNOVATE

FOR GOVT.

Main Activities of BIC

–Incubate early stage entrepreneurial ventures based on technology and innovation.

–Create physical infrastructure and support

systems necessary for business incubation activities.

–Facilitate networking with professional resources, which include mentors, experts, consultants and advisors for the incubate companies.

–Identify technologies/innovations which have potential for commercial ventures

Create .

–Promote and foster the spirit of entrepreneurship.

–Carry out activities that facilitate knowledge creation, innovation and entrepreneurship activities.

Features Flexible space for office, meetings, events Inspired by ‘Co working spaces’ / ‘Multi-tenant non-

profit centers' i.e. share space, resources Flexible tenancy & payment: by hr, day, mth Positive filter on the organizations who can work

there i.e. ethical, creative Meeting place for people, network, support, tools

and inspiration Sound business model – not ‘dependent’ charity

Don’t Compare Other People

We need new models that blend social and environmental value with economic viability.

The system is broken. Together we can build a better alternative. When faced with a

task of this magnitude,

STARTUPSThe Centre for Social Innovation is a

dynamic space in Kerala. Our mission is to spark and support new ideas that are tackling the social, environmental, economic and cultural challenges we face today. We’re creating the spaces that social innovation needs to thrive and we’re contributing a few of our own ideas along the way!

How To Begin a Startup

PRINCIPLES

ENTREPRENEURS ARE EVERYWHERE

1

You don't have to work in a garage to be in a startup.

1

ENTREPRENEURSHIP IS MANAGEMENT

2

A startup is an institution, not just a product, so it requires management, a new kind of management specifically geared to its context

2

VALIDATED LEARNING

3

Startups exist not to make stuff, make money, or serve customers. They exist to learn how to build a sustainable business. This learning can be validated scientifically, by running experiments that allow us to test each element of our vision

3

INNOVATION ACCOUNTING

4To improve entrepreneurial outcomes, and to hold entrepreneurs accountable, we need to focus on the boring stuff: how to measure progress, how to setup milestones, how to prioritize work. This requires a new kind of accounting, specific to startups.

BUILD – MEASURE - LEARN

5

He fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere. All successful startup processes should be geared to accelerate that feedback loop.

5

1.The Startup Village2.Technopark TBI3.TBI, NIT Calicut4.BIC, TEAMS IT Park

Business Incubators in Kerala