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Enhancing the Innovative Performance of Firms

93

___________________________________________________________________________

Topic

Question

 

 

 

Issues to address

 

 

 

 

 

 

Who are your investors,

What type of investors, if any (business angels, venture

Investors

how did you enlist their

capital, institutional investors)

 

 

 

Why have they selected your incubator to invest in?

 

 

support

 

 

 

and

Apart

from

investing,

are they

involved

in

 

involvement?

 

 

 

 

 

management/value adding activities?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How do you devote your time to tenant start-ups: evenly,

 

How do

you

manage

or focused on one start-up at a time?

 

 

 

What are criteria for assigning more office or

Management

allocation

of

time,

infrastructure to a tenant start-up: based on need, or based

 

money,

and

resources

on expected returns?

 

 

 

 

to tenant start-ups?

 

 

 

 

 

 

How tightly do you control spending of your tenant start-

 

 

 

 

 

 

 

 

 

 

 

 

ups? What is your internal investment policy?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What are the main graduation criteria: Tenure? Size?

 

What is your graduation

Funding? Profitability?

 

 

 

Graduation

What

are your

criteria to

discontinue

support to

a

policy?

 

 

 

 

customer?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What is an average time of stay of a start-up in your

 

 

 

 

 

 

incubator?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Do you see room for cooperation with other incubators?

Cooperation

How and to what extent

What can you gain from such cooperation?

 

 

do you

cooperate

with

Do you see room for cooperation with other potential

 

others?

 

 

 

 

stakeholders (investors, law firms, consulting companies,

 

 

 

 

 

 

etc.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Future

How do you see your

What are your long terms objectives?

 

 

Do you have a strategic plan to pursue these objectives?

 

prospects

incubator evolve in the

What are the main factors that your strategy depends on?

 

future?

 

 

 

 

Key success factors and threats.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Adapted from: Rahul Patwardan, “Best Practices for Managing Incubators”, available at http://www.indiaco.com.

C. Science and technology parks

Science parks – sometimes called research parks or technology parks (technoparks, technolopes), or combinations of those – are usually property-based ventures providing R&D facilities to technologyand science-based companies. Various definitions have been proposed, often differentiating among the categories of parks or focusing on some of their specificities (Box K4.3.).

Compared to typical business incubators, science and technology parks tend to be much larger in size, often spanning large territories and housing various entities from corporate, government, and university labs to big and small companies. Science parks do not necessarily offer a full range of business support and services but some parks may host a business incubator focused on early-stage companies. Typically, however, science and technology parks serve the post-incubator phase of company development or provide a launch pad for companies that are "spun out" from a university or company.

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