mini-hiab - may 2016
TRANSCRIPT
A co designed workshop by experienced Hub Managers focusing on the core aspects of managing a financially sustainable technology innovation hub.
WHY MINI HUB-IN-A-BOX?
May 2016. Global Innovation Gathering. Berlin, Germany
WHAT WERE THE OUTPUTS OF HIAB v1.0?
mini-HIAB PARTICIPANTS
Hubs of the World Unite!• A total of 13 hubs participated in the mini-HIAB
in Berlin during the Global Innovation Gathering• 5 from Africa; 4 Asia; 3 South America; 2 Europe• Each Hub chose an icon to represent its space
during the workshop. These icons are refer to those hubs in the following insights.• 30% of the hubs were Makerspaces• 70% of the hubs were Innovation Spaces
* The names of individual hubs and their icons will be published pending their approval
36%
21%14%
29%
Hubs Geography
AfricaSouth AmericaEuropeAsia
TOP MONEY SUCKERS! o The participating hub representatives voted on
which different cost elements of managing a hub was most relevant for future scrutiny.
o 50% of votes were grouped in the “Equipment” category which saw a split between “Customs” and “Equipment Capital & Materials”.
o The “Customs” label refers to import taxes of parts and machines while the “Equipment” refers to the cost of buying machines and different materials.
TOP MONEY SUCKERS! Rent18%
Electricity5%
Staff21%
Internet5%
Customs18%
Equipment32%
Cost Categories Vote
Rent Electricity Staff Internet Customs Equipment
Results of 13 hubs voting on most important costs pertaining to managing their respective spaces
Rent
Equipment
StaffElectricity
Internet
0
50
100
PENTAGONAL COST AXIS
Boat
Red Triangle
8
Africa
Umbrella
Hexagon
Long Box
Lightning Bolt
Blue Star
Black rectangle
Three triangles
Tea cup
Upside Triangle
• 60% of hubs reported “Staff” or HR costs between 40 and 60% of their total costs
• 40% of hubs reported “Rent” costs lower than 20% of their overall costs, while ⅓ of the hubs said that their costs are between 20% and 40%
• A Makerspace reported 95% towards “Equipment”
• Almost all hubs reported “Electricity” costs less than 20% of total costs, with one space reporting 45%
% OF TOTAL COST PER CATEGORY
% OF TOTAL COST PER CATEGORY
Rent
Equipment
Staff
Electricity
Internet
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
BoatRed Triangle
8 AfricaUmbrella
Hexagon
Long Box
Lightning Bolt
Blue Star
Black rectangle
Three triangles
Tea cup
• The standard deviation (std. dev.) on “Rent” at 4.09 is a result of different business models where some spaces report high percentages and others are low because their rent is subsidized
• The std. dev. on “Internet” is much lower at 2.09 as 80% of spaces reported less than 20% of total hub costs is paid to the ISP
COST REDUCTION PRIORITIZATION
Rent23%
Equipment23%
Staff32%
Electricity 12%
Internet10%
Average Percentage of 13 Hubs Total Cost per Category
Rent
Equipment
Staff
Electricity
Internet
About ⅓ of hubs rate their Staff Costs as the highest priority requiring attention
COST STRUCTURE PER HUB - COMPARISON
5
5
6
4Internet 46
2
8
15
4 1
1
7
5
4Electricity 2
8
2
3
1 1 1
8
10
8
1
10
528
10
10
3
10
2
10
1
6
10
5
2
8
Equipment7
1
7
1 1
9
10
2221
2
10
10
1
Boat
Red Triangle
Africa
Umbrella
Hexagon
Long Box
Lightning Bolt
Black rectangle
Three triangles
Tea cup
Blue Heart
Black Star
Two squares
RentEquipmentStaffElectricityInternet
30% of hubs gave the highest rating of prioritization “10” to the “Rent” category in examining their cost structure
COST STRUCTURE PER HUB - COMPARISON• Roughly ½ of the hubs rate
“Rent” as a low priority for adjusting because of earning revenues indirectly as a result of their location• 75% of hubs would like to
pay more attention to their Staff costs with an average rating of “7”
Rent Equip Staff Elec Intrnt0
1
2
3
4
5
6
7
8
9
10
Hub Comparison of Prioritization of Costs by Major Categories
BoatRed TriangleAfricaUmbrellaHexagonSeries6BoatRed TriangleAfricaUmbrellaLong BoxLightning BoltBlack rectangleThree trianglesTea cupBlue HeartBlack StarTwo squares8
Cost Category
Prio
rity
(1 Lo
wes
t; 1
0 Hi
ghes
t)
REVENUE STREAMS
Streams
Workshops
Events
Space Rental
Incubation
Products
FundingConsulting
Research
Café/Food
HR
Community
REVENUE GENERATION PRIORITIZATION• About 50% of spaces were very
interested in introducing Incubator or Accelerator services as part of their business model
• More than 50% of spaces thought that Consulting services require a high prioritization
• An average of 7.1 priority rating was given for “Workshops” as a means to increase revenue to the hubs
REVENUE GENERATION PRIORITIZATION
Incubation ModelEvents
ProductsWorkshops
Consultancy
0
1
2
3
4
5
6
7
8
9
10
Boat
Red Triangle
Africa
Umbrella
Hexagon
Long Box
Lightning Bolt
Black rectangle
Three triangles
Tea cup
Blue Heart
Black Star
Two squares
8
glasses
Series16
Revenue Stream Category
Prio
ritiza
tion
(1=m
in ;
10 =
max
)