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

Best Practices at Top University Business Incubators From Webinar February 27th 2014

UBI IndexBenchmarking Incubation Globally

UBI IndexBenchmarking 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 BhatliAuthor, 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

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?

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SUCCESSFUL BUSINESS MODEL

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

.. and build your business model around your functional strengths!

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Don’t rely only on public funding

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

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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

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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

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RUN & MANAGE A SUCCESSFUL INCUBATOR

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

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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

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LEARN FROM THE BEST!ubiindex.com

A unique chance to discover top performing incubators globally from the inside. Through 12 in-depth cases you’ll learn the secrets of top university business incubators.

AMERICASRice Alliance for Technology and Entrepreneurship, USA

Sid Martin Biotechnology Incubator, USATEC Edmonton, Canada

VentureLab, USA

EUROPENDRC, Ireland

SETsquared, United KingdomStartup Sauna, Finland

STING, Sweden

OTHERSATP Innovations, Australia

Innovation Centre Sunshine Coast, AustraliaNUS Enterprise Incubator, Singapore

StarTau, Israel

Free sneak peek availableLINK

Thank You – Merci

Dhruv BhatliAuthor, Co-Founder

dhruv@ubiindex.com