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Crazy Town is the oldest still-functioning entrepreneur community in Finland, fully privately funded and operated.
It's a business and innovation community for small KIBS companies and entrepreneurs (not just start-ups).
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- use the network as one of their main marketing tool ... develop their business together with other entrepreneurs
- get good working environment in reasonable price
- get energy from other people
Crazy Town is operated by one of its owners, Business Arena Oy. We can help to localize Crazy Town concept for your environment as an individual entity, or as a complimentary element of a business incubator/accelerator or a science park.
For more information: www.businessarena.fi
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We are The Hub for propelling social, environmental, and economic innovation in Iran. We strive incubating social ventures that have the potential to solve our most pressing issues.
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We are The Hub for propelling social, environmental, and economic innovation in Iran. We strive incubating social ventures that have the potential to solve our most pressing issues.
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Tehran Hub's solemn existence is to create systemic change in social entrepreneurship ecosystem. This can only be possible from the grassroots innovators up to the policymakers, and alignment from everyone in between.
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2. Table of content
• Presentation Objectives
• Current Situation
• What is Social Innovation?
• What is TCSI?
• How does TCSI work?
• What is needed from
partners?
• Examples
Part TwoPart One
4. • Unemployment : top priority of
Iran government and 6th
Development plan
• Talent : Top ten countries in terms
of talent reserve
• Platform : social innovation &
entrepreneurship is at its infancy.
• There are no existing platforms to
engage and support young
entrepreneurs to tackle current
social challenges.
Iran Societal Facts
Tehran, as the most densely populated mega-city in Iran, encounters scores of
economic, environmental, social and cultural predicaments and challenges.
5. Tehran Center for Social Innovation (TCSI)
To be a self-sufficient entrepreneurial platform for social innovation offering
professional services to start-up and early-stage ideas, contributing to socio-
economic development, and to serve as a success story for other social
innovation centers to replicate and follow.
VISION
TCSI
ecosystem mentorship
Finance and
investment
Incubation
and
acceleration
SE Culture
Social oriented entrepreneur
Target market
Business like mentality
6. TCSI: Framework
Co-Working
Space Incubator Accelerator
Social
Enterprise
People Development Workforce Development Business Accelerators
Brain Storming
Networking
Team Building
One day Workshop
12 weeks Classes
Events
Training Courses
Mentorship
Intense training Course
Internship
Events
Business Model
Job Placement
Seed Funding
Mentorship
Business Model, Business support,
Product support
Fundraising and crowd funding
Raising Venture Fund
Post-incubation and growth plan
Social Enterprise
1020 7-850
12-16
Month
7. Articulation
Product and opportunity
vision (slides and/or
prototype)
• Development roadmap
• Complete initial hiring
ALPHA
• Initial proof of concept
demoed to users - product
may be unstable with limited
feature set
MVP
• Launch a stable, full-featured
product to a wider set of
external beta users
• Track and respond to key
metrics
Stage Deliverables Skills Validated Keys to Success
BETA
• Product delivered to small set
of internal/external users;
team co-creates product with
users, refines features and
stabilizes product
• Team/CEO ability to
utilize scarce
resources effectively
Incorporation of user
feedback
• Ability to hire and work
together
• Ability to make decisions
• Ability to execute a
product
• Ability to Pitch
• Ability to hire
• Achievement of
Product /market fit and
stickiness
• Ability to track and
adapt to metrics
Product Development Process
8. Onsite Services
- Mgmt consulting
- Company
registration
-Accounting &
payroll
- HR & recruitment
- IT
-Tax
- Legal
Office Space
- No lease down-
payment
- No initial set-up
costs
- Professional
environment
(reception,
conference
rooms)
- High-speed
internet access
Mentorship
- Access to
experienced
experts and
leaders in
relevant
industries
Networking
- Opportunity to
connect to the
vast networks of
the company,
advisors and
mentors
- Speaking at
seminars and
presenting their
ventures to
Finance
- Assistance in
investment
prospectus
preparation
- Introduction to
potential angel
investors & VCs
- Assistance in
negotiations,
contracts and
deal closings
Services
9. The services rendered to various company/innovation stage and costs and equities commissioned to
TCSI are as follows:
Idea Co-working Incubation Acceleration
Social
Enterprise
Business Plan/Model No No Yes Yes Yes
Space Yes Yes Yes Yes Yes
Mentoring Basic Basic Advanced Advanced Advanced
Access to Network No No Basic Advanced Advanced
Duration 3 months 3 months 4-6 months 6-9 months NA
Seed Money No No 200,000,000
Rials
200,000,000
Rials
TBD
Venture Capital No No No Yes Yes
Legal Assistance No No No Yes Yes
Intake (year) 200 50 20 10 7
Rent --- - 2,000,000
Rials/month
- NA
Intake Equity --- --- - 15% -
Business Model
11. What is TCSI looking
for?
• Premium Partners
(Samsung, Tehran Municipality, Ministry of Science and
Universities, Technology and Service Companies …)
• Supporting and Funding Partners
(Venture Capitalist, Business Angels, crowd funding….)
• Co-working space
(Around 1,200 Sqm to host cohorts of 50 at a time)
• Enabling the Community
(through social start-up weekend, Social Workshop and
Events)
What we need from
Government?
• 1200 to 2000 Sq2 Space
• Be part of the Advisory
Board
12. Marketing
- Targeted marketing and advertising in venues and publications such as “Tadbir”
- Strong social media presence
Events
- Organizing events and seminars to promote and encourage social entrepreneurship
- Shark Tank panel for entrepreneurs to showcase their ideas in front of prospective investors
Workshops
- Inviting first rate organizations in social innovation to share their experience and progress with:
- Idea and business holders
- Policy –making authorities
- Financial Institutions and Investment clubs
- Government organizations
International Cooperation
- Cooperation and collaboration with international institutions such as Center for Social Enterprises,
Lab Brilliant and Impact Hub
Lab Events
- To dissect various social dilemmas and to brainstorm on how to make a sustainable business
while fighting them
Community Enablers
13. Finalizing
the Plan
Center
Launching
Co Working Space and
Incubator
Social SW International
Community
Pre Accelerator
Process
Construction and equipment
Partnership
Agreement
Application
Jan Feb April May June
July Aug Sep Oct Nov Dec
Timeline
15. • 16,000 individual members in nearly 63 cities
across 5 continents.
• Offers the space, the community, and the
global platform to support social innovators.
• Impact Hubs have a shared focus on creating
positive impact.
Impact HUB
17. What Happens in
Co-working Spaces (2)?
• Provisions:
• Internet connection, power
• Fax machines, projector, flipcharts, printers, phones, scans,
bookbinder, whiteboards, paper, furniture
• Conference rooms, lounge, recreation rooms
• Water, coffee and snacks
• Main Activities:
• Brainstorming
• Networking
Cohorts: 50
Duration: Flexible
Revenue: Time-based
payment by coworkers
18. What Happens at
Incubation Stage?
• Provisions:
• Co-working space
• Basic level mentoring on key organizational topics
• All of the above offered for readiness to enter Accelerator
• Main Activities:
• Team Building
• Mentoring
• Events
• Business Models
• Networking
• Demo Days
Intake: 50
Duration: 4-6 Months
Revenue: Membership Fee
Output: 20
19. What Happens at the
Acceleration Stage?
• Provisions:
• Co-working space
• Personal access to successful social entrepreneurs, foundation
leaders, and executives
• Advanced level mentoring on the most critical organizational
development topics
• All of the above in return for 5 to 15% equity
• Main Activities:
• Advanced Mentoring
• Seed Funding
• Stake reduced with each round
• Absolute value of stake increases
Intake: 20 Output: 8
Duration: 4-6 Months
Revenue: None
20. What is the Accelerator Process?
Unconventional application
process
– Targets selected
groups of startups
– Requires team (not 1
person)
Focused program to facilitate
product development
– 3 months usually
Mentor-driven
Benefit For entrepreneurs:
– Mentors
– Connections
– Business support
– Product support
– Seed funding
– Access to future capital
For investors:
– Faster product development
– Better quality deal flow
– Lower risks
– Quicker time to market
– Higher returns
21. Legal Concept of Social Enterprise
Legal concept of a social enterprise (Article 2 of the Law
on the Promotion of Social Enterprises)
• A company which does business activities of producing
and selling products and services while pursuing such
social purposes as providing vulnerable social groups
with social services or jobs to improve the quality of
life of the local residents.
• A company which reinvests profits in the business or
the local community putting priority on pursuing social
purposes rather than on maximizing profits for
shareholders or owner of the company.
22. What is Social Enterprise
• Offer jobs or social services to vulnerable social groups.
• Promote development of local community and public interest.
• Promote democratic decision-making process (with the
participation of stakeholders including the recipients of services,
workers and local residents).
• Reinvest profits for the realization of social purposes. (a corporation
according to commercial law: more than ⅔ of profits)
• Employs paid workers.
• Profits made by business activities should be more than 30% of the
labor (personnel) cost.
23. Types of social enterprise
Types of social enterprise
Social enterprises are classified into 5 types in Korea according to their
social purposes.
• 1. Job-creation Type: The main purpose of the enterprise is to offer
jobs to vulnerable social groups.
• 2. Social Service Provision Type: The main purpose of the enterprise
is to provide vulnerable social groups with social services.
• 3. Mixed Type: Job-creation Type + Social Service Provision Type
• 4. Other Types: A social enterprise of which realization of social
purposes is difficult to judge on the basis of the ratio of
employment or provision of social service.
• 5. Local Community Contribution Type: An enterprise which
contribute to the improvement in the quality of life of the local
community. (newly defined in 2011)