The NpA Incubator: Executive Summary & Start-Up Budget 2018

More documents

Recommendations

Info

Turning the Improbable Into the Exceptional! Page 2 of 10
Executive Summary & Start-Up Budget NpA Incubator – Community Engagement and Mobilization The Transformative Justice Project Introduction The NpA Incubator The NpA Incubator was established to help new, startups, and existing organizations to form and grow by providing services such as organizational development training, capacitybuilding, community engagement expertise and much more. The National Business Incubation Association (NBIA) defines [such] incubators as a catalyst tool for either regional or national economic development. NBIA categorizes their [own] members’ incubators by the following five incubator types: academic institutions; nonprofit development corporations; for-profit property development ventures; venture capital firms, and [various] combinations of the above. [Such] incubators differ from research and technology parks in their dedication to startup and early-stage [organizations]. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of business incubation programs. However, many research and technology parks house incubation programs. Incubators also differ from the U.S. Small Business Administration's Small Business Development Centers (and similar business support programs) in that they serve only selected clients. SBDCs are required by law to offer general business assistance to any company that contacts them for help. In addition, SBDCs work with any small business at any stage of development, not only startup companies. Many business incubation programs partner with their local SBDC to create a "one-stop shop" for entrepreneurial support. Within European Union countries there are different EU and state funded programs that offer support in form of consulting, mentoring, prototype creation and other services and co-funding for them. TecHub is one of examples for IT companies and ideas. Page 3 of 10
Page 1: Page 1 of 10
Page 5 and 6: Advisory boards and mentors Managem
Page 7 and 8: U.S. Economic Development Administr
Page 9 and 10: 4. Develop Client Tracking Mechanis

The NpA Incubator: Executive Summary & Start-Up Budget 2018

Create successful ePaper yourself

Delete template?

Save as template?