1. Models of Business Incubation By S. Aravazhi Deputy Manager Agri-Business Incubator
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3. Specific Features of Technology Business Incubators Generally linked to technical universities Links Established within a technology park or close to other sources of technological support Location May require specific technical infrastructure and a network of service providers Services Management & mentoring staff require specific expertise in dev’t of technology-led businesses Staff
4. CHARACTERISTICS OF INCUBATION MODELS BASED ON THE SPONSORS Technology related to sponsor’s focus New and emerging technologies Technology focus SMEs Industry Sector Develop new and complementary technologies Capitalize on investments Technology transfer, commercialisation Local economic growth Objectives Incubator discretion Readiness for a liquidity event Visibility of Business Visibility of Business Graduating Promising technology Promising technology ( well developed) Promising idea or technology Promising idea or technology Entry criteria Corporate Institutional Advisory Advisory Governance Control or strong interest maintained None None or informal None or casual Relationship after graduation Mentoring Capital Rental space, Shared services, access to knowledge Rental space, Shared services Services Profit Profit Non-profit Non-Profit Profit Orientation INDUSTRY SPONSORED FI /VC//ANGEL SPONSORED INSTITUTION BASED PUBLIC- PRIVATE CHARACTERISTICS
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6. Technology business incubators are dynamic instruments of regional economic development Technology Incubation System Every technology incubator center is an unique entity replace entrepreneurial initiative and markets create better conditions for entrepreneurship What Business Incubators Can and Cannot Do Can not: Can:
7. TYPES OF INSTITUTIONS PROMOTING BUSINESS INCUBATORS-INDIA BUSINESS INCUBATORS NON GOVERNMENTAL ORGANISATIONS 2 FINANCIAL INST 2 GOVERNMENTS 96 INDUSTRY 3 TECHNICAL INST 7
Mr Juan Miguel Luz, President, International Institute of Rural Reconstruction, guests and dear friends, I thank the International Institute of Rural Reconstruction for giving me this opportunity to speak on “ Making technology pay off for rural enterprises: Managing the human resource requirements for enterprise development in rural areas’. This presentation will be illustrating how the Institute I head, the International Crops Research Institute for the Semi-Arid Tropics, goes about empowering the rural poor with its wide array of technologies that facilitate rural enterprises.
TBIs are generally linked to technical universities and have access to their expertise and other knowledge resources. They are often established within a technology park or some other source/s of technological expertise and support. TBIs require pro-active management and mentoring staff with specific expertise related to development of technology-growth businesses. It would include knowledge of technological market developments, proficiency in intellectual property rights and information technology applications, and familiarity with practices of risk finance rising for technology-based ventures. Finally, clients of TBIs may require some specific requirements or equipment such as high speed and/or capacity computing or telecom equipment, rapid prototyping machines, or testing equipment.
I have to make conclusions. Innovation Centers are dynamic instruments of regional economy promotion. They have to adapt their activities to new conditions every time. Every Innovation Center is an unique entity in dependence from their regional framework and potentials for entrepreneurial activities. But the technology incubation system cannot replace entrepreneurial initiative and market potentials for enterprises on one hand. It can on the other hand create the best frame conditions for entrepreneurship and can help to create a positive climate and practicable frames for founding new enterprises. National Organizations, like
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