Incubation Center

8/6/2019 Incubation Center

1/16


2/16

Presented by :

DIVYA AMBADI - 01

DEVINA JADHAV - 21RUCHITA JAIN -

HITESH AGNANI - 60

DNYANADA VICHARE


3/16


4/16

IntroductionBusiness incubators are designed to promoteentrepreneurs through several business supportresources and services. The support services henceassist an entrepreneurial business and increase itspotential to become a successful venture. Anincubator is a place where entrepreneurs are able towork in a motivating environment side-by-side with

other start-up companies instead of on a stand-alonebasis.


5/16

The 9 Main Reasons Why Businesses FailBased on Business Incubator & International Business Survey

1. Poor marketing:

2. Cash flow problems:

3. Poor business planning:

4. Lack of finance:

5. Failure to embrace new technologies:

6. Poor choice of location:

7. Poor management:

8. Poor human resource relations:

9. Lack of clear objectives:


6/16

Why Does BusinessIncubation Work?y Ans: Business Support & Expertise

y Every growing business needs the right accommodation; Most people inbusiness incubation are attracted by the ease of monthly rental and an early

exit option if things aren't working out for them. The added value of specialistbusiness expertise and on-going support and advice generally keeps themhooked.

y Starting any business is fraught with uncertainty, financial burdens andresource issues.

yIncubators offer the opportunity of not making the same mistakes otherbusinesses have in the past. They also generally provide a route to businessfinance coaching and mentoring.

y Little realistic business support is offered to aspiring entrepreneurs fromminority & disenfranchised groups


7/16

Main Objectivesy Promoting innovation and entrepreneurship by converting

and translating technology ideas and innovation in variousdisciplines of science and engineering into products,processes and services for commercial exploitation and thebenefit of society.

y Encourage self employability and provide employment toyoung graduates

y Provide support to small and medium enterprises

y Imparting training to incubate the efforts of younggraduates


8/16

y The presence of an incubator creates an environmentconducive to entrepreneurship.

y It encourages students and faculty members to startthinking of setting up ventures based on their own

technologies and ideas.y Promote Research and Development

Focus Sectors:

y Information Technology

y Electronicsy Electrical and

y Telecommunication

y Knowledge industry


9/16

Help with business basics

Networking activities

Marketing assistanceHigh-speed Internet access

Help with accounting/financial management

Access to bank loans, loan funds and guarantee

programsHelp with presentation skills

Links to higher education resources


10/16

Links to strategic partnersAccess to angel investors or venture capital

Comprehensive business training programs

Advisory boards and mentors

Management team identification

Help with business etiquette

Technology commercialization assistance

Help with regulatory compliance

Intellectual property management


11/16


12/16

Office Space

Product display /exhibition Hall

Access to professional services of experts andconsultants in areas such as legal, marketing, finance,accounting, product development and others asrequested by WBIC clients.


13/16

Business to Business linkup and business match-making deskto be set up with the help of SMEDA

Seminars and workshops/ Training courses given their need

assessment.

The Business Incubator is expected to serve over 1000 womenoperating small businesses in diverse manufacturing, serviceindustries and/or dealing in non-traditional products in three

years. WBIC has been operationalized since February 2007.


14/16


15/16

Tihar Jail as a Business Incubator


16/16

Incubation Center

Documents

Transcript of Incubation Center