An overview of the Alba Incubation Service

1. www.albainnovationcentre.co.uk
@albainnovation
UKBI – Innovation/Incubation Definition
“Provide direct access to hands-on intensive business support, access to
finance and expertise and to other entrepreneurs and suppliers to really
help businesses and entrepreneurs to grow - faster. “

2. Scottish Enterprise Initiative
We work with New Start/Early Stage Technology and Innovative
Businesses throughout Scotland
Assist businesses in commercialising new technologies, create jobs
and foster economic development.
USP – experts in commercialisation, innovation and technology
support and advice for start ups.
Alba Innovation Centre – The Base for the Incubation Service

3. Key stats
Only Scottish Accredited Business Incubator -UKBI
Going for Leading Edge top 5% in UK
20000 sq ft - 90% occupancy
23 tenants - 61 external clients
271 jobs - £5.6m turnover
Pre trading to 5 years – 4 new clients per month
3 Commercialisation advisers/3 Centre Support
Staff/Marketing support
Various external partners – Legal/IP/finance/Pr/Tech

4. Early stage technology companies
(post incorporation, usually pre revenue);
Existing small businesses planning to develop new technology as a basis for
growth;
Strict entry criteria - Innovative-Driven Enterprise (IDE) Entrepreneurship
What type of companies?

5. Key Focus
Fast Track Companies through
Commercialisation
Management Development
Funding
Workshops and seminars
Networking/Community
Sector Knowledge

6. June 2013-May 2014
11 companies submitted by end of May
to exit service onto SE DRM Account
Management
Meet or exceed all our targets
Pipeline of 63 clients engaging
4 Exits through growth to new premises
12 Events 281 people attended
Occupancy from 80% to 89%(93%May)
26 new clients
4 new Companies moving in May 2014
£400k raised by client last month

7. Equity Funding
20 Deals – money raised £24m
Grants - £675K
Key partnerships equity/angels/vc/legal/finance
Single Adviser Outputs in a Year
35 clients
139 interventions
41 grant/intervention applications
9 companies Exit through growth(8DRMs)
£2.5m raised
£7.5m future funding

8. Social Media/PR
4361 new visitors to site
582 followers on twitter

9. www.albainnovationcentre.com