Alba Incubation - an overview, Peter Andrew, ICS
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Transcript of Alba Incubation - an overview, Peter Andrew, ICS
www.albainnovationcentre.co.uk
@albainnovation
UKBI – Innovation/Incubation Definition “Provide direct access to hands-on intensive business support, access to finance and expertise and to other entrepreneurs and suppliers to really help businesses and entrepreneurs to grow - faster. “
Scottish Enterprise Initiative
We work with New Start/Early Stage Technology and Innovative Businesses throughout Scotland
Assist businesses in commercialising new technologies, create jobs
and foster economic development.
USP – experts in commercialisation, innovation and technology support and advice for start ups.
Alba Innovation Centre – The Base for the Incubation Service
Key stats Only Scottish Accredited Business Incubator -UKBI Going for Leading Edge top 5% in UK 20000 sq ft - 90% occupancy 23 tenants - 61 external clients 271 jobs - £5.6m turnover Pre trading to 5 years – 4 new clients per month 3 Commercialisation advisers/3 Centre Support Staff/Marketing support Various external partners – Legal/IP/finance/Pr/Tech
Early stage technology companies (post incorporation, usually pre revenue); Existing small businesses planning to develop new technology as a basis for growth; Strict entry criteria - Innovative-Driven Enterprise (IDE) Entrepreneurship
What type of companies?
Key Focus
Fast Track Companies through Commercialisation
Management Development Funding
Workshops and seminars Networking/Community
Sector Knowledge
June 2013-May 2014
11 companies submitted by end of May to exit service onto SE DRM Account Management Meet or exceed all our targets Pipeline of 63 clients engaging 4 Exits through growth to new premises 12 Events 281 people attended Occupancy from 80% to 89%(93%May) 26 new clients 4 new Companies moving in May 2014 £400k raised by client last month
Equity Funding 20 Deals – money raised £24m
Grants - £675K Key partnerships equity/angels/vc/legal/finance
Single Adviser Outputs in a Year
35 clients 139 interventions
41 grant/intervention applications 9 companies Exit through growth(8DRMs)
£2.5m raised £7.5m future funding
Social Media/PR 4361 new visitors to site 582 followers on twitter
www.albainnovationcentre.com