Physical Plant Multi-tenant facility Flexible space Shared conference room Shared telecommunications equipment Designed to encourage interactions Include common kitchen area Careful site selection Feasibility study to confirm viability, location, etc.
Business Assistance Services 1. On-site management 2. Business plan development 3. Mentoring programs 4. Market analysis, Marketing assistance 5. Copyright and patent assistance 6. General legal assistance 7. Entrepreneurial training 8. Presentation training 9. Enable incubatees to meet and learn from other firms
Business Assistance Services 10. Organizing access to workshops and prototyping facilities. 11. Business management training 12. Organizing networking functions 13. Accounting, bookkeeping assistance 14. Aid in attracting investors; Access to capital 15. Financial planning; 16. Introduction to potential customers. 17. investment memoranda, and recruitment.
Technology Incubator Specific 1. Broadband high-speed Internet access 2. Access to university facilities, labs and their staffs 3. Technology commercialization assistance 4. Assistance in acquiring SBIR (Small Business Innovation Research) funding 5. Provision of specialized work spaces
Who Provides These Services Incubator manager and staff; Advisory board or host institution (such as a university’s faculty); Local Small Business Development Center Arrangements with area professional service firms.
Services During Seed Stage Write business plan Management, market, technology, productsManagement, market, technology, products License technology Attract angel investors or specialized firms
Services During Start-up Bring in professional investors How is the company valued?How is the company valued? Attract management team Build-out facility Begin product development
Services During Expansion Round Continue product development Provide “proof of principle” or other “validation” What justifies a step-up in valuation?