Tallinn Creative Incubator 18 03 10

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Best practices - Business incubators - Tallinn Creative Incubator, Ms Anu Lômhmus, Board member of Tallinn Creative Incubator

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Tallinn Creative Incubator 18 03 10

  1. 1. ESA Business I ncubators – Tallinn Creative Incubator Anu L õ hmus Board member Tallinn Creative Incubator Business Support and Credit Management Foundation (ESA)
  2. 2. ESA Concept and Main Objectives <ul><li>Business Support and Credit Management Foundation (Estonian acronym ESA ) helps to grow new businesses in Tallinn area </li></ul><ul><li>Founded by Tallinn City Council on 18 May 2006 (initially Foundation Tallinn Business Incubators); continuation of Tallinn City Enterprise Board project started in 2002 </li></ul><ul><li>ESA ’s mission is to increase the competitiveness of young enterprises and minimize their start-up risks . To achieve this goal, we offer: </li></ul><ul><ul><li>w ide range of consulting, training and soft-landing services </li></ul></ul><ul><ul><li>q uality working environment for every new business </li></ul></ul><ul><ul><li>access to different financing sources and start-up networks in Estonia an d abroad </li></ul></ul><ul><ul><li>proven track record of incubating companies successfully for the last 6 years </li></ul></ul>
  3. 3. Foundation Funding <ul><li>Three business incubators in Tallinn: </li></ul><ul><ul><li>Two general incubators (Kopli Business Incubator, Ülemiste Business Incubator) </li></ul></ul><ul><ul><li>Creative Incubator </li></ul></ul><ul><li>Financing: </li></ul><ul><ul><li>Main financier: municipality (City of Tallinn) </li></ul></ul><ul><ul><li>EU/EAS projects  (currently ca 52%) </li></ul></ul><ul><ul><li>Self-income ca 10% of total budget </li></ul></ul>
  4. 4. Incubation Statistics (Aug 2006-Feb 2010) <ul><li>230 applications for incubation services </li></ul><ul><li>127 companies have participated in the the pre-incubation training (business and entrepreneurship 101) </li></ul><ul><li>73 companies have defended their business plans </li></ul><ul><li>56 companies have been incubated, 31 of them have received various entrepreneurship support grants of EEK 2,1 mln (over EUR 135 000) in total </li></ul><ul><li>Currently 46 companies in incubation (20 in Creative Incubator) </li></ul><ul><li>2 new pre-incubation groups (70 entrepreneurs) started in March </li></ul>
  5. 5. Incubator Companies’ Statistics <ul><li>2006-2009 total turnover for incubator companies ca EEK 140 mln (EUR 8.95 mln), incl. export ca EEK 29 mln (EUR 1.85 mln) </li></ul><ul><li>Exporters 17, export turnover ca 20% of total turnover </li></ul><ul><li>Jobs created: 2005 – 8; 2006 – 23; 2007 – 99; 2008 – 111; 2009 – 55 </li></ul>
  6. 6. Tallinn Creative Incubator <ul><li>Opened in September 2009 in the Baltika Quarter, the former administrative building of Baltika Group, the main Estonian garment manufacturer </li></ul><ul><li>Total area 1100 m 2 , 23 studios and office spaces of 10-60 m 2 </li></ul><ul><li>45-50 workplaces </li></ul><ul><li>Currently operates with 0% vacancy rate </li></ul><ul><li>Main partners: Estonian Design Centre, Estonian Academy of Arts, Baltika Group, Interior Designers' Union of Estonia , etc. </li></ul>
  7. 7. Support System: Strengths and Weaknesses <ul><li>+ </li></ul><ul><li>Entrepreneurship theory and practice hand in hand </li></ul><ul><li>Access to quality business environment and support services </li></ul><ul><li>Security: constant monitoring and mentoring </li></ul><ul><li>Synergy derived from in-house connections (raising own business by being each others’ customers) </li></ul><ul><li>Joint marketing opportunities, networking events, positive scale effect, etc. </li></ul><ul><li>- </li></ul><ul><li>“ Learned helplessness” in the “real business world” as a possible drawback </li></ul>
  8. 8. Success Story: Harriet’s Studio <ul><li>Started in 2005 with pregnancy photographies </li></ul><ul><li>Constant development of service portfolio: business sessions (product photographies, portraits), wedding photographies, studio sessions, etc. </li></ul><ul><li>Studio in Baltika Quarter, end of incubation period in 2010 </li></ul><ul><li>Turnover 2006: EEK 350 246 </li></ul><ul><ul><ul><ul><li>2008: EEK 1 354 269 </li></ul></ul></ul></ul><ul><li>High customer loyalty, place convenience (provides services for Baltika Fashion Industry and Creative Incubator designers), outstanding quality and artistic value, … </li></ul>
  9. 9. Thank you ! Anu Lõhmus Member of the Board Tallinn Creative Incubator, Business Support and Credit Management Foundation (ESA) Mob +372 5646 5868 [email_address] / www.esa.ee Skype: anu.lohmus1

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