Entrepreneurship:

Business Incubators

Critical Success Factors for Technology Business Incubators

By Charles L. Stein, Strategic Development Services, P.O. Box 854, Powell, Ohio 43065, USA. Used by permission.

     

Basic Principles of Technology Business Incubators

Fundamental assumptions of successful incubators

  •  Focus on Wealth Creation

    • Return-On-Investment, not Economic Development

  • Encourage Entrepreneurship

  • Provide Value to Tenants and Stakeholders

    • Value Comes in Many Forms

  • Manage the Incubator More Like a Business Rather than a Nonprofit

    • Results versus Activities

Best Practices of Successful Technology Business Incubators

  • Subscribe to the Fundamental Principles

  • Structure the Incubator to Provide Value to Tenants and Stakeholders

  • Recruit Tenant Firms With the Highest Growth Potential

  • Recruit Top Private Sector Leadership to the Board

  • Facilitate Access to Capital

  • Become the Focal Point for Technology in the Region

  • Be “Customer Service Focused” With Both Tenants and Stakeholders

  • Provide for Adequate Operating Funds

  • Every Tenant Must Be Held Accountable to Progress Against a Pre-Agreed Upon Business Plan

 Discover much more!

Business Incubators

Four Types of Business Incubators: Comparison Table

Effectiveness Evaluation Check-lists for Business Incubators

Indiaco's Milestone Program

Company Assessment Worksheet

Business Plan Evaluation

Investor Report Worksheet: Helping Tenants Raise VC

Executive Summary Sample: Strategic Incubator Int'l

Business E-ncubator: New Concept for the New Economy

Case Studies

Indiaco

Innovatel

Venturepreneur

Ventureprener's 8x8 Winning Habits

10 Commandments of Innovation

Venture Management

Venture Financing

Creative Marketing

Would-Be Entrepreneur

Reality Check

Be a Negative Optimist

Venture Planning

11 Keys To a Good First Venture

SWOT Analysis for a Start-Up Venture

Customer Assessment

Venture Map To Financing

Entrepreneur

Entrepreneurial Success

Entrepreneurial Creativity

Startup Firm

Growth Categories of Small Firms

12 Reasons Why Companies Fail

4 Entrepreneurial Strategies

Milestone Chart

Start-up Capital Formation Process

5 Tips for Internet Startups

What Changes as Company Grows

Venture Management

Venture Management vs. Corporate Management

5 Key Risks Critical to the Survival of New Companies

Venture Management Laws

5 Critical Success Factors for New Ventures

Business Plan

Business Plan Basics

Startup Business Plan

Business Model

New Business Models

Selecting the Right Business Model for Your Startup Venture

New Product / Service Development

10 Steps to Turning Your Ideas / Inventions into Big Cash Wealth

Test Marketing Your New Product or Service

External Climate and Resources

Critical Mass of Cutting-Edge Research

 
  • Corporate R&D Centers

  • University R&D Centers

  • Government Research Centers

Effectiveness of Technology Transfer

Access to Capital

Non-Conventional Debt

  • Venture Banking

  • Venture Leasing

  • “Angel” Banking

Skilled Workforce

Access to Transportation

Industry Infrastructure

  • Broad Private Sector Support

Entrepreneurial Culture

  • Individual Mind-Set

  • Community Mind-Set

  • Programmatic Infrastructure

Quality of Life

Industry Base

Affordable & Appropriate Facilities

 

Entreprneurial Success: VENTUREPRENEUR (Ten3 Mini-course)