Business Plan for Setting up Technology Incubator
Jul 25, 2017 · 1 min read
Here I am putting some bullet points for setting up the technology incubator.
Services Provided by the incubator:
Tentative list of services will be as follows:
- Mentoring for converting idea into enterprise
- Technical training and support
- Business Plan Preparation and Evaluation
- Business setup and operational support eg Setting up of the legal entity, Setting up financial requirements (PAN, Bank Account, Accounting Processes) Regular statutory report and compliance.
- Location and facilities being provided. eg Seating Space, Computer, Internet, AC, Meeting Room, Reception, Admin, HR etc.
- Funding services
- Marketing Services
Operational Rule of Incubator:
- Criteria to select Mentor
- Criteria to select Incubate-es
- How to invite mentor and Incubate-es?
- Policy to charge the services
- Entry and Exit Policies
- Mid term review and exit policies
Performance Measure of Incubators
- Month — by — Month Incubator performance
- Financial Performance ( Expenses /Revenue)
- Performance monitoring of Incubate-es
- Number of successful enterprise Ratio
- Failed Enterprise ratio
- Analysis of success and failure
Need and Feasibility of Incubator
Why is the need being felt to setup the incubator?
How may this incubator be sustained (long term and short term support model)?