Incubation Support for Innovative Companies...Pre-incubation and business incubation Gauteng...

Multi-Platform Developer Workshop

TIH, Pretoria

03 October 2012

Incubation Support for Innovative Incubation Support for Innovative Incubation Support for Innovative Incubation Support for Innovative

CompaniesCompaniesCompaniesCompanies

Ndwakhulu MukhufhiGM: Incubation and Skills Development

1

Presentation Layout

Brief overview of the Innovation Hub

The Maxum Business Incubator

The TIH Innovation spaces and support programmes

Precinct Companies

Introduction:Gauteng Province - R&D Context

The Innovation HubOverview

Striving to be the focal agency responsible for catalysing innovative solutions to the social and economic challenges of Gauteng

� GP Dept. Economic Development & Gauteng Growth & Development Agency subsidiary� located in Knowledge Axis in Tshwane, Pretoria

� Science & Technology Park (IASP) � Catalyst for socio economic development� competitiveness of associated businesses &

knowledge-based institutions

� Support growth across Sectors e.g. ICT, Green Economy, Biosciences, Industrials� Skills Development and Entrepreneurship� Value Addition to existing businesses� Catalyse R&D Commercialisation� Attractive spaces - emerging knowledge workers� Enhance synergy within innovation eco-system

INNOVATION CENTRE(4 102 bulk m2)

• Management company• Incubation• Restaurant

• Conference venue

ENTERPRISE BUILDING(8096 bulk m2)

• Multi-tenant building• Meeting rooms

The Innovation Hub: Innovation Spaces + Innovation Support Programmes

The Innovation Hub Skills Development and Entrepreneurship Programmes

CoachLab: Skills Development and enabling Job Creation

Maxum: Technology and Business Incubation Support

� 9 month ICT PostgraduateLeadership Programme incollaboration with industry

� Bridging gap betweenacademia and Industry

� Green and Biosciencesprogrammes being developed

� Technology Business Incubatorto fast track the establishmentand growth of early stagetechnology and knowledgebased businesses

� Pre-incubation and businessincubation

Gauteng Innovation Competition: Fostering Service Delivery

� Platform to source localinnovations to address governmentservice delivery challenges.

� Prize money used as seed capital togrow enterprises from innovations.

� Procurement of innovations forgovernment service deliverychallenges

Gauteng Accelerator Programme - Biosciences: Entrepreneurship

� Collaboration between EmoryUniversity, Atlanta, Georgia &The Innovation Hub,supported by Department ofScience and Technology

� Biosciences skills andentrepreneurial development

� Supporting BioPark Program

� mlab Southern Africa

� Climate Innovation Centre– Access to Finance– Technical and Business Advisory– Policy Advisory Services– Access to Facilities– Enabling Ecosystem

An initiative of the Gauteng Department of Economic Development, South Africa and infoDev

The Innovation Hub Skills Development and Entrepreneurship Programmes

Fast trackinnovation in

region by finding global partners,

markets, suppliersnot available

locally

Improves connections between local companies,

regional universities,…

Connect solution providers and seekers from

the region

Grow local economy with

global deal making

Engage OI market to find solutions for

challenges posed by regional innovation

seekers

Providing a worldwide R&D

platform that could be

leveraged to leapfrog R&D-poor regions

The Innovation HubOpen Innovation Exchange – Platform for Stimulating Innovation

Connecting Gauteng Innovation Eco-system

Entrepreneurship Support Programme

Money

Research

KnowledgeInnovation

Commercialisation

SCIENTISTS

Entrepreneurs

Process Overview

Problem ResearchCommercialApplication

Market

Valley of Death

Innovation and Commercialisation

Idea

The Maxum Business Incubator (Bridging the valley of Death)

The Magical Triangle

Innovation

What is desirable to

users?

What is viable in the

marketplace?

What is possible with Technology?

INNOVATION

Maxum Overview

� A Technology Business Incubator whose aim is to fast track the establishment and growth of early stage technology based businesses.

9 Months 12 Months3 years

Fact Sheet

� Sectors: TIH focus areas

� 84 Companies established since 2001

� Member of SABTIA, NBIA

� Capacity – 26 Pre-Incubation� 40% graduation into incubation � 10 companies annually

Criteria and OfferingsPre-Incubation Incubation Post Incubation

Stage 1:Assessment & Screening

Stage 2:Business Plan Development

Stage 3:Assessment & Screening

Stage 4: Business

Growth/Development

Stage 5: Assessment

Stage 6: Tenant

Assessment for :• Technology fit

with TIHMC clusters

• Entrepreneurial aptitude

• Business concept viability

Training:• Business coaching

and mentoring• Business

registration assistance

• Entrepreneur training workshops

Value Added Services• Hot desking• Phones• Photocopier• Meeting rooms• IP Management• Market Research

Reports

Assessment for:• Technology fit

with TIHMC clusters

• Viability of Business Plan

• Income generated • IP Management

strategy• Potential to

capture a niche market

Training:• Business coaching

and mentoring• Back office

supportValue Added Services• Affordable office

space with internet connection

• Assistance with access to funding

• Meeting rooms• Access to TIHMC

networks• IP Management• Market Research

Reports

Assessment for:• TIHMC Cluster fit• Business

Operations• Growth Potential• Potential to

capture a niche market

Training10 hours business coachingValue Added Services• Assistance in Fund

raising• Participation in

Maxum networking events

• Access to Maxum mentor networks

• Access to TIHMC IASP networks

Gate 1:Acceptance Letter

Entrepreneur Development

Gate 2:

Business ModelBusiness Plan

Gate 3:Lease Agreement

Business Development Plan

Gate 4:Profitability attained

Increased customer base

Gate 5: Lease

Agreement/Virtual Post Incubation Agreement

Gate 6:Business Growth

Offer Specific to Developers� Hot Desking (R200/month)

– Subsidised rental in Incubation

� 10 hr Mentorship per Quarter (Experienced Entrepreneurs)

� Linkage to Universities & RI� Free Broadband connectivity (SANREN)� Linkage to mlab� Linkage to Start-up support fund� High Tech Environment in which to operate

The Value of Mentorship

� One of the key factors examinedin the Startup Genome Report’s research was the role of mentors.– Data from 650+ startups was

analyzed, including 160 funded companies

– Fundraising across the four stages of development in their model was examined

– The role of mentors was one factor examined and the message is clear…

No mentors = no money raised when needed to scale

The Innovation HubPrecinct Companies

ICT & EngineeringCluster

The Innovation HubPrecinct CompaniesBiosciences & Green Cluster Innovation Support & Consulting

THANK YOU

Thank You