Best Practices At Top University Business Incubators - February 27th, 2014

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Information about Best Practices At Top University Business Incubators - February 27th, 2014
Education

Published on March 4, 2014

Author: ubiindex

Source: slideshare.net

Description

From the UBI Index Webinar on Feb 27th - Best Practices of Top University Business Incubators.

Co-founder and author, Dhruv Bhatli - UBI Index, shares the secrets from the best incubation programs in the world!

* How to successfully run and manage an incubator
* How to have a successful business model
* How to have a sustainable revenue stream
* How to get maximum value from limited operational budgets
* How to attract deal flow and talent
* How to screen and select great startup clients

Visit ubiindex.com to learn more!

UBI Index Benchmarking Incubation Globally Best Practices at Top University Business Incubators From Webinar February 27th 2014

UBI Index Benchmarking Incubation Globally Working with the world’s most comprehensive global benchmark of top performing business incubation programs The organization is based in Stockholm, Sweden, with an international research team specialized in incubation benchmarking

PARIS

Dhruv Bhatli Author, Co-Founder Dhruv is the Author of 'Best Practices at Top University Business Incubator'. He spearheads the product development and research at UBI Index. dhruv@ubiindex.com

AGENDA ubiindex.com  How to have a successful business model?  How to get maximum value from limited operational budgets?  How to successfully run and manage an incubator?  How to attract deal flow and talent?

SUCCESSFUL BUSINESS MODEL ubiindex.com  Understand the context of your incubator in the ecosystem  Have the mandate and the objectives aligned with your context  Generate your own commercial revenue     Space rental model Service fee model Corporate sponsorship model Equity option model Don’t rely only on public funding .. and build your business model around your functional strengths!

BEST PRACTICES  Run the incubator like a startup – lean operations for e.g.  Be aware of the expectation from different stakeholders  Be contemporary, fresh and relevant in the ecosystem  Identify your short term goals and long term objectives ubiindex.com

OPERATIONAL BUDGETS  Generally broken down into these parts  Salaries and HR costs  Infrastructure  Events & marketing activities  Spend majority on salaries and HR  Quality of HR affects the success of the clients startups ubiindex.com

BEST PRACTICES  Behave in a frugal manner  Be conscious and choosy!  You can find free resources everywhere!  Link the budget to your success factors and the mission  All your spending is then aligned to your objectives  Invest money in engaging with the community  Diversify your revenue stream ubiindex.com

RUN & MANAGE A SUCCESSFUL INCUBATOR     ubiindex.com Have a stable and viable business model Effectively manage the deal flow and the pipeline of the incubator Have a clear positioning and branding in the ecosystem Keep the entrepreneurs in center when designing entrepreneurship education  Be relevant for both internal and external ecosystems

DEAL FLOWS & TALENTS  Organize events and field work to expand the network  Establish relationships with sources of entrepreneur      Get referred by the alumni network Have a clear position in the ecosystem Communicate the success stories effectively Engage the investing community actively Be relevant in the ecosystem ubiindex.com

LEARN FROM THE BEST! A unique chance to discover top performing incubators globally from the inside. Through 12 indepth cases you’ll learn the secrets of top university business incubators. AMERICAS Rice Alliance for Technology and Entrepreneurship, USA Sid Martin Biotechnology Incubator, USA TEC Edmonton, Canada VentureLab, USA Free sneak peek available LINK EUROPE NDRC, Ireland SETsquared, United Kingdom Startup Sauna, Finland STING, Sweden OTHERS ATP Innovations, Australia Innovation Centre Sunshine Coast, Australia NUS Enterprise Incubator, Singapore StarTau, Israel ubiindex.com

Thank You – Merci Dhruv Bhatli Author, Co-Founder dhruv@ubiindex.com

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