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Business incubation

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Business incubation

  1. 1. Business Incubation <ul><li>Is a public / private, entrepreneurial, and social development process designed to nurture business ideas through a comprehensive business support program, help them establish and accelerate their growth and success. </li></ul>
  2. 2. <ul><li>Is a facility designed to assist businesses to become established and profitable during the start up phase. </li></ul><ul><li>It provides </li></ul><ul><li>Business advice </li></ul><ul><li>Business services </li></ul><ul><li>Networking </li></ul><ul><li>Mentoring </li></ul><ul><li>Full time manager </li></ul>Business Incubator
  3. 3. Four Phases Of Business Incubation
  4. 4. <ul><li>Pre Incubation </li></ul><ul><li>> Research support, training, business Planning </li></ul><ul><li>Early Stage </li></ul><ul><li>> Advice, Marketing, Technical, Legal, Accounting </li></ul><ul><li>Classic Incubation </li></ul><ul><li>> Accommodation, Funding Access, Network, Support </li></ul><ul><li>Graduation </li></ul><ul><li>> Marketing Close Support </li></ul>
  5. 5. Key success factors The four phases <ul><li>Preparatory Process: </li></ul><ul><li>Identification surveys to selected locations </li></ul><ul><li>Local consultants who are familiar with local conditions </li></ul><ul><li>I dentification of a strong sponsor </li></ul><ul><li>Commitment by governmental agencies </li></ul>
  6. 6. Key success factors The four phases <ul><li>The Start of Initial Operations requires: </li></ul><ul><li>Involvement of the private sector </li></ul><ul><li>Continuing programs for improving management skills of incubator staff and tenants </li></ul><ul><li>Links to other SME programs </li></ul><ul><li>Exchanges of information </li></ul>
  7. 7. Key success factors The four phases <ul><li>The Sustainability of Incubator Operations needs: </li></ul><ul><li>Imaginative ways of raising income </li></ul><ul><li>Political stability, macro-economic policy structure and regulatory framework that encourage entrepreneurship </li></ul>
  8. 8. Feasibility study <ul><li>Is an important and necessary step to design the business incubator and assess whether an incubator must be feasible or not. </li></ul><ul><li>Topics </li></ul><ul><li>Market (need analysis) </li></ul><ul><li>Stakeholder-Community support </li></ul><ul><li>Facilities and Services </li></ul><ul><li>Infrastructure </li></ul><ul><li>Financial feasibility </li></ul>
  9. 9. Planning Feasibility study <ul><li>Social </li></ul><ul><li>Economic </li></ul><ul><li>Political </li></ul><ul><li>Business </li></ul><ul><li>Cultural situation </li></ul>
  10. 10. Establishment of Technology Incubation Center Partners (Board Members and other Partners Number Percentage international agencies 36 13,4% National authorities and public agencies 68 25,3% Companies, banks and other private sector organizations 56 20,8% Universities and other organizations 44 16,4% Community and voluntary organizations 34 11,5% Total 269 100%
  11. 11. Strengthening Technology Incubation Systems For Creating High Technology Based Enterprices In Advance Developing Companies Of Asia and The Pacific
  12. 12. I – Innovation & Entrepreneurship N – Networks and Collaboration C – Competitiveness U – Understanding the roles (Public / Private Sector) B – Buy -in A – Access to resources T – Technologies O – Outreach R – Review : Monitoring and Evaluation
  13. 13. Thank you for your Attention and participation

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