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