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Business Incubation 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.

Business incubation

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Page 1: Business incubation

Business Incubation

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.

Page 2: Business incubation

Is a facility designed to assist businesses to become established and profitable during the start up phase.

It providesBusiness adviceBusiness servicesNetworkingMentoringFull time manager

Business Incubator

Page 3: Business incubation

Four Phases Of Business Incubation

Page 4: Business incubation

Pre Incubation

> Research support, training, business Planning

Early Stage

> Advice, Marketing, Technical, Legal, Accounting

Classic Incubation

> Accommodation, Funding Access, Network, Support

Graduation

> Marketing Close Support

Page 5: Business incubation

Key success factorsThe four phases

Preparatory Process: Identification surveys to selected locations Local consultants who are familiar with local

conditions Identification of a strong sponsor Commitment by governmental agencies

Page 6: Business incubation

Key success factorsThe four phases

The Start of Initial Operations requires:

Involvement of the private sector Continuing programs for improving

management skills of incubator staff and tenants

Links to other SME programs Exchanges of information

Page 7: Business incubation

Key success factorsThe four phases

The Sustainability of Incubator Operations needs:

Imaginative ways of raising income Political stability, macro-economic policy

structure and regulatory framework that encourage entrepreneurship

Page 8: Business incubation

Feasibility study

Is an important and necessary step to design the business incubator and assess whether an incubator must be feasible or not.

Topics1. Market (need analysis)2. Stakeholder-Community support3. Facilities and Services4. Infrastructure5. Financial feasibility

Page 9: Business incubation

Planning Feasibility study

Social Economic Political Business Cultural situation

Page 10: Business incubation

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%

Page 11: Business incubation

Strengthening Technology Incubation Systems For Creating High Technology

Based Enterprices In Advance Developing Companies Of Asia and

The Pacific

Page 12: Business incubation

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

Page 13: Business incubation

Thank youfor your

Attention and participation