Role of Incubation Ecosystems in Fueling Entrepreneurship
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This presentation talks about how incubators accelerators and co-working spaces are fueling entrepreneurship. It highlights key aspects like mentoring, team building, branding, fundraising, services and alumni connect.
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Role of Incubation Ecosystems in Fueling Entrepreneurship
- 2. • Contribute to Employment and Economic activity Chennai Automotive Sector • Instill and Nurture Culture Silicon Valley’s Tech Sector • Operate on a grand scale, in intricate ways that are irreplaceable by technology
- 3. The Realities of Starting Up Inspirations • Drive to Create Change • Great Ideas • Passion & Energy • Awesome Founders Aspirations • Market & Competition Awareness • Funding • Mentors • Customers • Brand
- 6. • Idea has Merit • Problem is Real • Solution Approach is sensible • Team has potential Validation
- 7. • Stand on shoulder of a giant • Buzz : Initial traction • HighVisibility and strong PR Brand
- 8. • BeenThere, DoneThat – Challenges of startup, company building • Know what they are talking about – SMES:Technology, Marketing etc.. • Shoulders and ears – Confidant, sounding board Mentoring
- 9. • AttractTalent • ConnectTalent • GroomTalent • Helps shape and identify your culture All Star ATeam
- 10. • What’s your story? – Pitch Deck • How to tell the story? – Pitch Coaching • Whom do you tell the story? – Connect to right investors Fundraising
- 11. • Hello Customer • Hello Revenues • Sustainability Ultimate Source of Capital
- 12. • Legal • IP • Auditing • PR Services
- 13. • Brand Ambassadors • Mentors • Investors • Customers • Giving Back Alumni
- 14. Some stars that came out of Incubators & Accelerators
- 15. Thanks for your time
Editor's Notes
- Support Startups in all ways possible with the aim of actively enabling business growth.
- Can talk about is our destination and end goal a good one and are we on the right track to reach that end goal and destination?
- Can talk about is our destination and end goal a good one and are we on the right track to reach that end goal and destination?
- Startup needs three different people as mentors 1 is former founders and entrepreneurs who have built companies and would advise on big picture, company building and so on 2 is the Subject matter experts who would give very specific advise on UI/UX, Scaling, Go-To-Market and so on 3 is people whom you could rely on to talk to; say about your fears, worries . It’s a lonely journey. Think of them as motivational coaches whom you can go to test your ideas, build your personality, shoulder to cry on and ears to listen to
- Team Building is an art, it’s important that you attract great talent who will join you for the impact you intend to create and not just for the monetary aspects. These ecosystems allow you to attract, groom and retain great talent
- You may be building the most coolest thing on the planet, but if you are unable to articulate your value proposition, you would end up not raising adequate funds. Incubators and Accelerators help you determine what you should be pitching, and to whom.
- Revenues are the ultimate the source of capital than the investor money or the debt. So an Incubator or accelerator should help the startup to introduce to customer or help reach the customer and from there make revenues and help them towards the path to nirvana (IPO/Exit)
- Getting the right services that are both credible and affordable is something that the ecosystems can help you get.
- They are the biggest strength and key factor in incubator becoming an ecosystem Cause alumni become the brand ambassador for the incubator, they can serve as mentors, investors (if they are successful) and can be customers)