local development organisations and private developers should work in partnership to develop local business incubator units in Key Local Towns identified in the relevant County Development Plans.
Additional incubator units might be required at other locations, having regard to local circumstances, and again a partnership approach towards the provision of such necessary facilities should be adopted. 4. 5 Rural areas Rural areas have a vital contribution to make to the achievement of balanced regional development.
Centres-Local authorities/CEB/Private Key Local Towns Local Business Incubator Units-Local authorities/CEB/Private Economic Infrastructures Enterprise Dynamic Leadership and Strategic
incubators, research networks and educational exchanges in specific research areas. Closed innovation systems of laboratories, universities, research institutes, art schools, corporations, public administrations, professions are no longer a viable approach for future innovation.
Business incubators: one-stop-shop for business 7. Tutoring: advice 8. Prizes: recognition9. Technology parks:
talent attraction schemes Innovation awards Incubators Start-ups support innovation services (business support and coaching) Training
matchmakers Innovation vouchers Support for regional networking of firms Schemes acting on the culture of innovation Individual firms Incubators with'hard'support Traditional'reactive'technology centres Seed
and venture capital funds R&d subsidies or tax incentives Management advice Incubators with'soft'support'Proactive'technology centres Audits,
incubators Global talent attraction in targeted new sectors Strategic intelligence exercises (regional foresight) Complement national investments in research infrastructure Participation in national competitiveness poles/centres
incubators Entrepreneurship stimulation packages Global talent attraction in targeted new sectors Promotion of participation of public and private actors in international technology networks Lobby national government
labour force) S&t parks and incubators Promoting national talent attraction schemes Knowledge vouchers Platforms to define development visions for high tech niches Strategy:
Infrastructure for business creation (incubators) and S&t parks Support for firms to hire qualified graduates Support to regional actors in international public-private knowledge partnerships Support to internationalisation
of business clusters Promotion of innovation in services Technology parks and incubators Innovation vouchers in selected specialisations Place-branding activities Source:
educational and skills development issues, cooperation with local incubators and efficient cluster management, which, all together, will allow clusters fully exploit their potential in the context of smart specialisation.
41 The Smart Guide to Innovation-Based Incubators, publishes in 2010, provides guidance on this issue
(or the members of a to-be ERIC based on regular peer review. 75 Research Infrastructures are integrated often in a wider ecosystem encompassing science parks, incubators, sectoral excellence centres, living labs, prototyping centres
They are involved almost exclusively through participation in the construction and exploitation of the new 62 The Smart Guide to Innovation-Based Incubators (IBI.
They can also host incubators for spin-offs in science and technology parks and provide valuable input to innovative clusters and networks.
''Developing new business models for SMES','Improving the urban environment','Developing Business incubators,'Supporting the physical and economic regeneration of urban and rural areas and communities',etc. 104 http://creativebusiness. org
creative hubs and clusters, networks, incubators and connected infrastructures) and soft (human capital addressing skills and training issues) investment should equally be encouraged. 107 Add reference
exploit the development of incubators for social enterprises, and organise a conference on workplace innovation in cooperation with the Flemish government.
For the ICT cluster, it would be helpful to expand the range of services offered by incubators and business accelerators,
and adapt incubators to the needs of the ICT sector; helping firms connect with global customers;
as part of incubator services, or be provided to entrepreneurs through specialized programs at the local level.
The services offered by incubators and business accelerators should be expanded. While there is agreement regarding the usefulness of incubators and business accelerators,
it was highlighted during discussions that in order to be useful these infrastructures also need to provide other services, such as information about the sector and the clients,
Expansion of services offered by incubators and business accelerators Support to mentorship programs Support the connection between angel investors and potential entrepreneurs (public action to research the market
providing value added services to enterprises and acting as incubators for start-offs training Overall, these functions respond to the technological needs,
expansion of services offered by incubators and business accelerators; support for mentorship programs; support for the connection between angel investors
is the main incubator centre of Aragon. It aims at supporting the creation of innovative companies. http://www. ceeiaragon. es The Fundación para el Desarrollo de las Nuevas Tecnologías del Hidrógeno en Aragón is a private
innovation and education More attention to be paid to incubators and support to new entrepreneurial actors RIS 3 Governance Leadership:
and energy efficiency and interlink other forms of innovation intermediaries such as science parks and incubators, but the nature of these relationships is researched under (Almirall and Wareham,
which acts as an incubator of social enterprises which strive to make a major impact for a robust and dynamic social entrepreneurial community both locally and globally.
Use these partnerships to provide soft enterprise support infrastructure (e g. science parks and business incubators
Create incubators for social enterprises and social innovation intermediaries to bring together the skills and expertise necessary to help sustain
Examples of relevant policy approaches include creation of science parks and business incubators, encouraging mobility of staff between universities and industry,
Evaluators confirm good performance, even in international comparisons with university incubators. The programme is administered by the agency FFG (Austrian Research Promotion Agency.
At the regional level, initial support for incubators and business innovation centres and financial measures have in the past few years shifted towards a more strategic emphasis on fostering commercialisation of the academic research base, on supporting entrepreneurship
Creation Support to New Innovative Enterprises In the 2000-07 programming period the General Secretariat for Research and Technology of the Ministry of Development launched programmes such as ELEFTHO (business incubators
), TECHNOCELLS (research-based technology parks and business incubators), Poles of Innovation (industry-university cooperative research), PRAXE (research spin-offs) and the Zone of Innovation framework programme.
establishing and developing technological incubators; helping the early stage and growth phase of innovative enterprises by venture capital funds and financial instruments, e g. the New Hungary Venture capital Programme (HUF 40.5 billion;
Icetec operates a series of business incubators that can house up to nine companies, usually chosen from the biotech sector.
Within an incubator, these companies are exposed to innovative business ideas and concepts. In addition the Icelandic Technological Institute runs a unit named the Service Centre for Entrepreneurs and SMES (IMRPA.
The projects that receive funding are based regionally public-private partnerships consisting of (applied science) universities, incubators, innovation intermediaries, banks, companies and other actors.
The demand side includes universities, incubators, development agencies and other regional partners, while the supply side comprises venture capital companies.
This is done partly by assisting Swedish incubators (SEK 50 million) and providing seed financing for innovative new firms.
and innovation activities of SMES and promotes the creation of technology-based companies in KOSGEB incubators (called Technology Development Centres TEKMERS and Virtual Technology Incubators DTIS).
incubators and technological parks; hiring of academic researchers by the private sector. The Innovation Law supports all kind of activities involved in an innovative process.
Specific products are the provision of seed capital, support to business incubators and spin-off projects, technology promotion organisations and development of professional training centres.
university science parks, incubators and software parks across China. At the national level alone, by 2008 53 high-technology development zones, 62 university science parks, about 200 business incubators and 35 software parks had been developed through governmental support.
In the period 1992-2005, the revenue, industrial value added and profit of the enterprises operating in the 53 development zones grew at an average annual rate of 47.0%,30.5%and 38.2%,respectively.
The Torch Programme played an indispensable role in promoting entrepreneurship and start-up companies through its administrative arm and the university science parks and incubators.
From 1991 to 2002, the number of the incubators at the regional and national level combined increased from 43 to 436.
Likewise, the number of tenant companies hosted in these incubators ballooned from 500 in 1991 to 23 373 in 2002,
E 120 NTREPRENEURSHIP AND INNOVATION OECD 2010 Israel Incubator programme The main Israeli programme promoting innovative entrepreneurship is the Incubator programme,
The programme, managed by the Centre of Incubators for Technological Initiative, currently includes 26 such incubators, 22
of which have been privatised. The annual budget for 2008 was about USD 45 million. Overall, since the first companies graduated from the system in 1993,61%secured follow-on funding
the private sector has invested over USD 2. 5 billion in incubator graduates. Potential entrepreneurs first have to be accepted by the incubator
and then apply for funding to the Office of the Chief Scientist (OCS) in the Ministry of Industry Trade and Labor,
which runs the incubator programme. The OCS screening process includes on-site visits by specialists who determine
The OCS Incubators Committee awards grants of up to USD 500 000 over two years, or up to USD 750 000 over three years for biotechnology companies.
with the rest coming from the incubator management company. The OCS does not intervene in the equity arrangements between the entrepreneur and the incubator,
but the entrepreneur is entitled to at least 30%of equity in the company. Yozma programme The most successful and original programme in Israel's relatively long history of innovation policy was the Yozma programme
Intermediary institutions (Development agencies, incubators, science parks, etc. Facilitate the match between providers and users of technology;
about 200 business incubators and 35 software parks (see China's Country Note). Cooperatives and business consortia can also support small-firm upgrading through, for example, joint technology purchase.
outreach (scope of university networks co-operation with incubators, alumni networks, access to experienced practitioners, access to venture capital) and evaluation (degree of monitoring and assessment of entrepreneurship activities.
and the investment activity of local governments in private sector development, for instance through smart infrastructure such as HEI networked business incubators,
Create incubators for social innovations and foster the emergence of intermediaries who can connect social demand with the supply of social innovations Incubators play a critical role in spreading social innovations,
as they bring together the skills and expertise necessary to help sustain and develop a social enterprise;
Create incubators for social enterprises and social innovation intermediaries to bring together the skills and expertise necessary to help sustain
Civil society and the social economy as incubators. Our hypothesis that civil society provides a particularly fertile ground for the generation
Civil society and the social economy as incubators Our hypothesis that civil society provides a particularly fertile ground for the generation
Then follow proximity to technology poles & incubators (Sweden Austria and Denmark) and quantity of R&d personnel (France, Italy and Poland.
for the EU geographic proximity to other company sites and technology poles & incubators is a factor for attractiveness.
& incubators suppliers enforcement conditions time to obtain protection costs market size via product market regulation market growth via public procurement grants
Then follow proximity to technology poles & incubators (Sweden, Austria and Denmark) and quantity of R&d personnel (France, Italy and Poland, 3 statements each.
) 3, 14 quality of R&d personnel proximity to technology poles & incubators knowledge-sharing opportunities with universities & public organisations public R&d support via fiscal incentives
Austria (6) 3, 14 knowledge-sharing opportunities with universities & public organisations quality of R&d personnel proximity to technology poles & incubators innovation demand via market
(8) 3, 09 quality of R&d personnel proximity to technology poles & incubators knowledge-sharing opportunities with universities & public organisations innovation demand via market size
& incubators other company sites suppliers enforcement conditions time to obtain protection costs grants & direct funding fiscal incentives public-private partnerships loans & guarantees financing other investments market size via product market regulation market growth via public procurement Knowledge-sharing opportunities
and US. 1 2 3 4 5 other company sites technology poles & incubators suppliers with universities & public organisations with other firms quality quantity
Proximity is on average the most important factor here, in the case for China and India related to suppliers and for the EU to other company sites and technology poles & incubators.
& incubators quality quantity labour costs of R&d personnel with universities & public organisations with other firms market size market growth via product market regulation via public procurement enforcement conditions costs time to obtain protection grants
norms & standards costs of protection IPR conditions IPR time to obatain protection suppliers other company sites technology poles & incubators quantity of R&d personnel
institutions and universitites are concentrated. 53 Incubators are structures that support innovative startup companies in order to increase their survival rates. 42 The 2013 EU SURVEY on R&d Investment Business Trends 4242 D. R&d and innovation 9. How relevant are the following activities for your company
for the EU geographic proximity to other company sites and technology poles & incubators is a factor for attractiveness.
This goes along with increased collaboration on open cloud standards under developments by groups such as the DMTF Open Clouds Standards Incubator
This new smart city model can serve as an excellent incubator for the development of a diverse set of highly innovative services and applications 18.
incubators (infrastructure for start-ups), technological parks (experimental facilities), technical transfer centers and the system of intellectual property.
and access and use of major infrastructure investments in science and technology facilities, e g. the European Laboratory on Tissue Engineering and Regenerative Medicine, the Institute for Bio-Sustainability and the Incubator Spinpark.
funded by the European Social Fund. lvi There is also a role here for incubators, innovation parks and research centres.
For example, Mars in Toronto, links a university, hospital, business incubator, alongside a social innovation investment fund.
, growth &c) new roles, incubators, institutionspurchasing, commissioning (in key public services, by place, outcome &c) Sector specific regulationscapacity support (training, infrastructure, IT, networks, lesson
Support for incubators and hubs within cities or regions to concentrate and amplify capacity and activity (for example Denokinn, the Basque Centre for Innovation, Entrepreneurship and New Business Development in Bilbao,
these include innovation networks and incubators. Outside the public sphere, there has been a growth in building based intermediaries such as the world wide Hub and the Centre for Social Innovation in Toronto.
Spain There is growing interest in incubators as a method for testing promising new ideas. Incubators have long been widespread in business,
but the creation of social incubators is only a recent phenomenon. Some incubators provide support for social entrepreneurs and social start-ups,
others take a more active role in the design, implementation and evaluation of pilots and projects.
Even though evidence is patchy, these organisations are helping to build the field of social innovation
Incubators provide a range of supports for social enterprises and social entrepreneurs. Some of these needs are the same as those of mainstream businesses including space
notably the development of a more effective network of 112 incubators and hubs to advance the quality of practice in social innovation across Europe.
and directed to the appropriate specialist provider. 113 3. Incubators and intermediaries Linking, brokerage and innovation intermediaries are crucial in the development of the social innovation field,
Intermediaries and physical incubators encourage and facilitate the ability of organisations, companies, and whole communities to find better,
Innovation intermediaries and incubators come in a variety of forms. Across Europe, infrastructures of this kind already exist, specifically for business innovation i e. business innovation centres
Support for a network of incubators across Europe, with a trailblazing first round and then subsequent rounds developed in the light of experience (with funding potentially as described above, from technical assistance strands of structural funds):
and further based on the development of a network of social innovation hubs or incubators, cities which find the most creative solutions to specific social challenges should be awarded annually.
incubators, research networks and educational exchanges in specific research areas. Closed innovation systems of laboratories, universities, research institutes
funds, agencies, brokers, incubators, and intermediaries. In the social field these institutions remain much less developed than in other fields.
Taking innovative front line workers out of service roles and putting them into incubators or prestigious time-limited roles to turn ideas into business plans (with the time costs then potentially turned into equity or loans).
or to club together to commission incubators (being tested by the ESRC. 100) Collective voice and credits.
such as India's (NIF) and the Regional Innovation Funds in the UK. 290) Innovation incubators play a critical role:
The Young Foundation's Launchpad has drawn from the experience of many different kinds of incubator
and a business incubator, alongside a social innovation investment fund. Mars is a nonprofit innovation centre connecting science, technology,
97 Incubators 133 Information systems 20-22; 89; 119-120 Infrastructure 114-115 Innocentive 134 Innovation Innovation Challenge Prize 54 Innovation Exchange 38;
Universities are also extending their capabilities of educating individuals to educating organizations, through entrepreneurship and incubation programmes and new training modules at venues such as interdisciplinary centres, science parks, academic spin-offs, incubators (Etzkowitz, 2008;
firms and government research labs, industrial liaison offices, business support institutions (science parks, business and technology incubators), financial support institutions (public and private venture capital firms
Other times, an alliance with local city and regional governments may pave the way to funding an incubator facility to assist in spinning off firms.
which have become the core of a thriving regional innovation network including incubators, science parks, business centres, venture capitalists, spin-off companies and international R&d intensive 20 companies,
and better work conditions to attract distinguished researchers rather than develop young researchers. 16 The Brazilian popular cooperative incubator model was invented bottom-up by a university incubator
For example, the number of spin-offs graduated from university incubators could be a relevant indicator for the Innovation space,
i) mapping of‘single'-and‘multi-sphere'(hybrid) institutions, in particular science parks, incubators, business/technology incubators;
Invention and Diffusion of the Brazilian Cooperative Incubator. International Journal of Technology and Globalisation (in press.
The evolution of the incubator and the emergence of a triple helix. Research Policy 34,411-424.
Local association of entrepreneurs City office of business and industry Local business development organizations Business incubators Employment and Economic Development Center (regional office) Five
a research and innovation lab serving as an incubator for high-risk projects at the edge of technology advances.
when the CIO Stephen Gillett decided to promote the development of an internal venture-capital-style incubator for digital technology initiatives.
Availability of and access to capital Friends and family 4 Regulatory framework 5 Market framework 6 Network access Incubators Business Angels Availability of and access to capital
frequently complemented by funds drawn from incubators and business angels. Venture capital is primarily available in Europe to ventures that are past the proof of concept stage,
and financing A growing number of European accelerators and incubators can combine financial support with networking, mentorship and physical space for entrepreneurs.
the number of incubators and accelerators has increased at an annual rate of 29%to an overall number of 260 start-up programmes in Europe,
**Incubator: provision of physical space, usually without funding but with mentorship network, informal event programmes, consulting services, investor exposure and public funding links.
Salido, Sabás and Freixas (2013), The Accelerator and Incubator Ecosystem in Europe, Telefonica. Creating and aligning partnerships between companies,
including representatives of schools, civil society, universities, business angels, accelerators, incubators, venture capitalists and corporate intrapreneurs.
There will be an interesting tier of companies who are not in a position to create their own accelerator or incubator;
however, require stronger early seed-stage funding as pointed out in Salido, Sabás and Freixas (2013), The Accelerator and Incubator Ecosystem in Europe, Telefonica, p. 2. 41.
See the policy recommendations of the recent report Salido, Sabás and Freixas (2013), The Accelerator and Incubator Ecosystem in Europe, Telefonica. 43.
The St louis Economic Development Partnership has founded the Helix Biotech Incubator as a way to further strengthen the biotech community.
the Incubator will make St louis an even more attractive location to base a biotech start-up. With the industry offering higher-than-average salaries and drawing young talent from around the globe,
and start-up incubators to cultivate high-tech enterprise. Financial policy Since 2010, Ningbo has sought to build
although several engineering companies and at least one innovation incubator call this suburb of Los angeles home.
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