Zernike Science Park (1992) ASP Groningen IDEA Centre Twining Centre Amsterdam Zaanstad IKTC Technology Biopartner³ CentreTechnology Park Western Australia Brisbane Technology Park IDEA Normanby Gateway ACT and..11 SEED FUNDS and LOANS

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Maturity of start-up company

Pre-IncubationEducation processesR&D-processesBusiness Plan Business Incubation

Start up companyEntry to market Company status

First growth phaseAcceleration

©Simo Saurio, Sakari Kuvaja

Development phases of start-up companies

How do we see Incubators

•Flexible housing for starting

entrepreneurs

• Market prices are eventually

a must

• More than only housing

Requirements for new entrepreneurs:

•Market access

•Management services

•Mentoring services to provide skills and knowledge

•Money ranging from zero stage funding to venture capital funding

SOME EXAMPLES

PUBLIC SUPPORT

•Rent is at market price for offices (equipment leasing supported by the state, services also subsidised)

Biopartner Center

IDEA Center

PRIVATEDEVELOPMENT• Build and lease-

back business model (risky one)

• Not only for start-up interesting as private initiative

HYBRID• Right to exploit the building no

charge

• But must deliver services

Normamby Gateway UK

SUSTAINABILITYPUBLIC AID WILL REDUCE

ECONOMIC VIABILITY

AS ALL BUSINESSES!

CUT COSTS and

MAKE MORE MONEY

HERE are some ideas how Don’t overstaff or over supply

equipment

Subcontract services

If possible share with other incubators/parks/public agencies etc..

Charge reasonable rent

Sponsors

HERE are some more ideas how When subcontracting lower cost and

get a percentage

Plan your building carefully

Sell your services externally

Rent your facilities

Participate in projects/consultancy

If you can, get management of funds

Thank you for your attention