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    Sanjeet Singh, Mukesh Dhurve, Vitika Mehta

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    nidhisanjeet
    Business incubators are economic development tools that provide resources and services to accelerate the growth of entrepreneurial companies. The goal is to help companies become financially viable and independent. Incubators offer affordable office or workshop space along with common services like secretarial support and meeting rooms. They also provide business counseling and assistance with business planning, management skills, and access to financial and legal expertise. Some incubators operate their own seed and venture capital funds or provide access to specialist advice. The success of an incubator depends on local support from different sources and referring to the strengths and weaknesses of the local area, as well as the types of services and research already available. Incubators generally show effects in the long run over 3-5 years

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    Sanjeet Singh, Mukesh Dhurve, Vitika Mehta

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    nidhisanjeet
    66 views10 pages
    Business incubators are economic development tools that provide resources and services to accelerate the growth of entrepreneurial companies. The goal is to help companies become financially viable and independent. Incubators offer affordable office or workshop space along with common services like secretarial support and meeting rooms. They also provide business counseling and assistance with business planning, management skills, and access to financial and legal expertise. Some incubators operate their own seed and venture capital funds or provide access to specialist advice. The success of an incubator depends on local support from different sources and referring to the strengths and weaknesses of the local area, as well as the types of services and research already available. Incubators generally show effects in the long run over 3-5 years

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    business plan(entrepreneurship)

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    Business incubators are economic development tools that provide resources and services to accelerate the growth of entrepreneurial companies. The goal is to help companies become financially viable and independent. Incubators offer affordable office or workshop space along with common services like secretarial support and meeting rooms. They also provide business counseling and assistance with business planning, management skills, and access to financial and legal expertise. Some incubators operate their own seed and venture capital funds or provide access to specialist advice. The success of an incubator depends on local support from different sources and referring to the strengths and weaknesses of the local area, as well as the types of services and research already available. Incubators generally show effects in the long run over 3-5 years

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    66 views10 pages

    Sanjeet Singh, Mukesh Dhurve, Vitika Mehta

    Uploaded by

    nidhisanjeet
    Business incubators are economic development tools that provide resources and services to accelerate the growth of entrepreneurial companies. The goal is to help companies become financially viable and independent. Incubators offer affordable office or workshop space along with common services like secretarial support and meeting rooms. They also provide business counseling and assistance with business planning, management skills, and access to financial and legal expertise. Some incubators operate their own seed and venture capital funds or provide access to specialist advice. The success of an incubator depends on local support from different sources and referring to the strengths and weaknesses of the local area, as well as the types of services and research already available. Incubators generally show effects in the long run over 3-5 years

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    Download as pptx, pdf, or txt
    of 10

    INCUBATION UNITS

    Idea Derivation | Entrepreneurship


    Management

    Incubation-evolution?
    O Business Incubator: Economic

    development tool to accelerate


    the growth and success of
    entrepreneurial companies
    business support resources and
    services
    O Goal: successful frma fnancial
    viable freestanding

    Services Offered
    Incubator space: offices or workshops, sometimes labs, available on a flexible, affordable

    Common services: incl. secretarial support, telephone answering, common reception,


    mailing facilities, LAN and other office equipment, meeting rooms and canteen facilities
    Business counseling, namely hands-on assistance with regard to business planning,
    training in management skills, access to accounting, legal-, marketing- + fnancial
    expertise
    Access to fnance + specialist advice: some operate own seed + venture capital funds;
    access to specialist advice will be provided if an incubator does not have the skills +
    know-how itself

    Influencing Factors
    Local support

    Promoters
    from different
    sources

    Referring to
    local strengths
    + weaknesses

    Type of
    services
    already
    available to
    businesses
    locally

    Type of R&D
    being
    undertaken

    Limits
    O The business incubator is an instrument showing

    effects in the long run: it is a medium-term


    venture (with possibly 3-5 years before it shows
    sustainable success)
    O Its impact will be felt locally + 1 5-20 km
    surrounding, not nationally + macroeconomically Initiatives such as business
    incubators make sense only if the relationship
    between entrepreneurship + economic
    development has been acknowledged and
    supported there is consistency with the
    overall economic development strategy

    Dissemination of the business


    incubator concept: In Asia

    IDEAS
    Sales, Marketing and Distribution of
    Agricultural products- integration with
    food processing
    Business and fnancial services.To
    government schools
    Advanced / high-tech manufacturing
    infrastructureto raw mills, to cash
    crop units
    Processing units/ integration frm
    for craft based industries
    Information and communication
    technologies ..to design units in
    felds of innovation

    References
    O Asian

    Association of Business Incubation AABI:


    http://www.aabi.info
    O Japan Association for New Business Incubation JANBO:
    http://www.janbo.gr.jp/eng/e_index.html
    O Benchmarking of business incubators. UK/Brussels. OECD
    (2003): Entrepreneurship and local economic development
    Programme and policy recommendations. Paris. Lalkaka, R.
    (1997)
    O Lessons from international experience for the promotion of
    business incubation systems in emerging economies. UNIDO.
    New York. SPICA Directory (2001) Science Park and
    Innovation Centre Associations. Berlin. Dietrich, F./ Fiedler,
    H./ Nagy, P. (1996)
    O The concept of business incubators and innovation centres.
    ICECE-Focus, Vol. 1. Berlin.

    Mehta Vitika M
    Mukesh Dhurve
    Sanjeet Singh

    MFM III

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