mini-hiab - may 2016

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Page 1: mini-HIAB - May 2016
Page 2: mini-HIAB - May 2016

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

Page 3: mini-HIAB - May 2016
Page 4: mini-HIAB - May 2016

WHAT WERE THE OUTPUTS OF HIAB v1.0?

Page 5: mini-HIAB - May 2016

mini-HIAB PARTICIPANTS

Page 6: mini-HIAB - May 2016

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

Page 7: mini-HIAB - May 2016

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.

Page 8: mini-HIAB - May 2016

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

Page 9: mini-HIAB - May 2016

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

Page 10: mini-HIAB - May 2016

% 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

Page 11: mini-HIAB - May 2016

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

Page 12: mini-HIAB - May 2016

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

Page 13: mini-HIAB - May 2016

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)

Page 14: mini-HIAB - May 2016

REVENUE STREAMS

Streams

Workshops

Events

Space Rental

Incubation

Products

FundingConsulting

Research

Café/Food

HR

Community

Page 15: mini-HIAB - May 2016

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

Page 16: mini-HIAB - May 2016

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

)

Page 17: mini-HIAB - May 2016
Page 18: mini-HIAB - May 2016

BE PART OF IT!Ahmed Bastawy

[email protected] Radwan

[email protected]