   Research Overview   Part 1: Business Incubators Role and Best Practices   Part 2: GAP Analysis and Needed Supporting...
   Research Overview     Research Problem     Research Key Questions     Research Methodology     Research Outputs   ...
   Growing interest to establish business incubators in the Arab World.   Business incubators are viewed as key economic...
   What is the role of business incubators in economic development?    And what are the best practices such systems shoul...
1.   A detailed presentation and report about business incubation systems.     (Definition, Goals, Services, Process, sust...
   A whole SME Business Support Strategy is needed to effectively advance    the economy through SMEs using business incu...
   Research Overview   Part 1: Business Incubators Role and Best Practices     Role     Best Practices   Part 2: GAP ...
2 Main Goals of Business Incubators1. Enhancing economic development and/or reducingunemployment in a region by facilitati...
SINCE 1999, UCFBIP HAS HELPEDIN 2005 ALONE, IT‘S ESTIMATEDTHAT     NORTH      AMERICAN                MORE THAN 100 EMERGI...
UCF Business Incubation Program Supporting Partners
UCFBIP as Part of the UCF Office of Research and Commercialization
UCF Research  Funding was$122.9M in 2008
Detailed Interaction Models are in the IAMOT2009 Paper Slides
Client Handbook … Mature Process … Clear Performance Measures (KPIs)
   Research Overview   Part 1: Business Incubators Role and Best Practices   Part 2: GAP Analysis and Needed Supporting...
1.   Few entrepreneurship support initiatives missing performance measurement     data.2.   No central coordinating entity...
5.   Local market demand on Technology R&D is immature.6.   Venture Capital and Angel Investor players are very few leavin...
9.   Regulatory systems to establish SMEs       are very bureaucratic and     unsupportive10. No tax incentives for new co...
   Research Overview   Part 1: Business Incubators Role and Best Practices   Part 2: GAP Analysis and Needed Supporting...
S&T policies are critical governmental tools for allocatinggovernmental budgetary resources into S&T developmentinitiative...
Main Focus Areas of S&T Policies   Major Challenges faced in                                   Developing a S&T Policy
Decision Support System                        Technology                        Incubators                          S&T G...
1.   The S&T governance in Egypt needs more reform and should be reinforced     in a way that assures complete cooperation...
5.   There should be a target figure of Gross Expenditure on R&D (GERD) above     2% focused on real research activities a...
9.   The government should work hard to strengthen international R&D     cooperation.10. S&T policy should support social ...
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
Business Incubation Systems (Research project report presentation)
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Business Incubation Systems (Research project report presentation)

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Business Incubation Systems (Research project report presentation)

  1. 1.  Research Overview Part 1: Business Incubators Role and Best Practices Part 2: GAP Analysis and Needed Supporting Ecosystem Environment Part 3: Role of S&T Policy
  2. 2.  Research Overview  Research Problem  Research Key Questions  Research Methodology  Research Outputs  Research Key Results Part 1: Business Incubators Role and Best Practices Part 2: GAP Analysis and Needed Supporting Ecosystem Environment Part 3: Role of S&T Policy
  3. 3.  Growing interest to establish business incubators in the Arab World. Business incubators are viewed as key economic development tools. Key Research problem:  Can these incubation programs be effective in their mission independently or they need to be immersed and interconnected to a whole National Innovation System (NIS), influenced by a National S&T Policy, supporting entrepreneurship, innovation, and technology development and commercialization?!
  4. 4.  What is the role of business incubators in economic development? And what are the best practices such systems should adopt? What is the GAP for Egypt for the supporting ecosystem environment that should be in place for these systems? How a National Science and Technology (S&T) Policy should influence building that supporting ecosystem?
  5. 5. 1. A detailed presentation and report about business incubation systems. (Definition, Goals, Services, Process, sustainability models, and best practices)  Submitted paper to SRO2008 fez, Morocco. Title: “Business Incubation - A Strategic Perspective”.2. A detailed presentation and report about “Entrepreneurship and Incubation Activities and Initiatives in Egypt”3. 3 detailed presentations about UCFBIP field research trip.  Submitted paper to IAMOT2009, Orlando, Florida, USA. Title: “UCF Business Incubation Program - A Case study of the Entrepreneurship Ecosystem”.4. Detailed research report accompanied with a CD of all materials.
  6. 6.  A whole SME Business Support Strategy is needed to effectively advance the economy through SMEs using business incubation systems. Business incubators cannot graduate sustainable high-growth firms without effective integration with components of a mature National Innovation System (NIS). The National S&T Policy is the formal tool to identify and build the NIS as outlined in the research and identified in the GAP analysis. Specific Societal Model Components should be taken into consideration to forecast the expected outcome of a proposed incubation system and to set the right policies and procedures that enable it to effectively interact with its surrounding business, research, and governmental environment
  7. 7.  Research Overview Part 1: Business Incubators Role and Best Practices  Role  Best Practices Part 2: GAP Analysis and Needed Supporting Ecosystem Environment Part 3: Role of S&T Policy
  8. 8. 2 Main Goals of Business Incubators1. Enhancing economic development and/or reducingunemployment in a region by facilitating the start-up ofcompanies, increasing their survival rate and growth.2. Stimulating firms involved in emerging technologies orcommercialization of research done in universities, researchinstitutes and firms.
  9. 9. SINCE 1999, UCFBIP HAS HELPEDIN 2005 ALONE, IT‘S ESTIMATEDTHAT NORTH AMERICAN MORE THAN 100 EMERGINGINCUBATORS ASSISTED MORE COMPANIES, CREATE OVER $500THAN 27,000 STARTUP MILLION IN ANNUAL REVENUE ANDCOMPANIES THAT PROVIDED MORE THAN 900 NEW JOBS WITHFULL-TIME EMPLOYMENT FORMORE THAN 100,000 WORKERS AN AVERAGE SALARY OF $59,000.AND GENERATED MORE THAN NAMED THE TECHNOLOGY$17B ANNUAL REVENUE. INCUBATOR OF THE YEAR IN 2004. RECENTLY NAMED AMONG TOP 10 NBIA 2006 Report: the state of business incubation industry. IN THE US. UCBIP
  10. 10. UCF Business Incubation Program Supporting Partners
  11. 11. UCFBIP as Part of the UCF Office of Research and Commercialization
  12. 12. UCF Research Funding was$122.9M in 2008
  13. 13. Detailed Interaction Models are in the IAMOT2009 Paper Slides
  14. 14. Client Handbook … Mature Process … Clear Performance Measures (KPIs)
  15. 15.  Research Overview Part 1: Business Incubators Role and Best Practices Part 2: GAP Analysis and Needed Supporting Ecosystem Environment Part 3: Role of S&T Policy
  16. 16. 1. Few entrepreneurship support initiatives missing performance measurement data.2. No central coordinating entity, resulting in duplication of efforts and isolated islands (few partnerships do exist).3. No national entrepreneurship support strategy from education to technology commercialization.4. The national innovation system is missing critical components as a strong research university sector, a strong industry research sector, and mature industry-university linkage programs.
  17. 17. 5. Local market demand on Technology R&D is immature.6. Venture Capital and Angel Investor players are very few leaving micro- financing as the main investment support to entrepreneurs within incubation systems7. The culture doesn’t reward failure or encourage creativity or support the free test of innovative ideas, and is still missing the IP related issues awareness.8. No capacity building programs for local human resources working in incubation systems
  18. 18. 9. Regulatory systems to establish SMEs are very bureaucratic and unsupportive10. No tax incentives for new companies developing new technologies11. Vocational education and support system doesn’t meet international standard.
  19. 19.  Research Overview Part 1: Business Incubators Role and Best Practices Part 2: GAP Analysis and Needed Supporting Ecosystem Environment Part 3: Role of S&T Policy  What is S&T Policy?  Main Focus Areas and Challenges  Scope of S&T Policy Priorities  Proposed Major Components of a National Innovation System  Recommendations for S&T Policy in Egypt
  20. 20. S&T policies are critical governmental tools for allocatinggovernmental budgetary resources into S&T developmentinitiatives that support specific technology development areas and cultural change programs towards embracing creativity, technology entrepreneurship and innovation.
  21. 21. Main Focus Areas of S&T Policies Major Challenges faced in Developing a S&T Policy
  22. 22. Decision Support System Technology Incubators S&T Governance System R&D Funding Programs TechTransfer Research Government SME Support Programs Universities Research Labs Offices IPR Strong System Technology VC/Angel Inv. Research & Industry Technology Tax Incentives for R&D R&D Centers Parks Industry-University Linkage Programs International Collaboration Programs
  23. 23. 1. The S&T governance in Egypt needs more reform and should be reinforced in a way that assures complete cooperation and coordination from all concerned ministries.2. S&T governance reform must revamp research universities and research institutions supporting a local respected career in research.3. All research universities must be equipped with technology transfer/licensing offices (TTOs).4. The S&T policy in Egypt must focus on selected technology priority areas in order to integrate efforts and reach a target competitive positioning in these technologies.
  24. 24. 5. There should be a target figure of Gross Expenditure on R&D (GERD) above 2% focused on real research activities and granted according to a competitive and merit-based grant programs.6. Fiscal incentives such as direct funding and tax credits are critically needed to boost business R&D and innovation allowing local companies to start innovating new products and develop new technologies.7. The S&T policy needs to re-think the multinational cooperation offices in Egypt in a way that assures sharing technology development and knowledge creation through the development of local expertise.8. There should be more programs to support industry-university-public cooperation in the high priority technology areas outlined in the S&T policy.
  25. 25. 9. The government should work hard to strengthen international R&D cooperation.10. S&T policy should support social programs that introduce entrepreneurship, creativity thinking, and innovation to the youth through clear entrepreneurship support programs.11. Dedicated programs to assure quality human resources in S&T must be a top priority.12. The national innovation system should be detailed and reinforced by the S&T policy as outlined in this research’s gap analysis and NIS system.

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