Sustainability for Startup Incubator
April 14, 2021, Amikom Business Park (ABP) incubator has completed a series of coaching which is an international collaboration between ABP and PUM Netherlands. Collaboration contains remote coaching for the incubator from PUM. PUM is an organization of experts who share knowledge and experience to strengthen business in other countries. PUM is based in the Netherlands. ABP is fortunate to be part of the program, which runs for approximately 7 weeks.
The issue chosen by ABP was about how to make the incubator sustainable even without the help of grant. For 7 weeks PUM explored ABP’s potential. The coach who became an expert was Mr. Cees. Even it is online coaching, but that doesn’t stop ABP team to keep learning. The incubator business model is a concern in this remote coaching session. The business model run by an incubator must be clear about the objectives of the incubator itself.
As an incubator, ABP is a fairly mature incubator. ABP has quite a lot of strengths.
Every session of the coaching, there is always a value that can be retrieved.
The objective of an incubator must be clear, although the activities carried out by the incubator are a lot, all of these activities must aim at the same objectives.
The lessons learned from this coaching are:
- The objective must be clear.
- The incubation process must be really good (from the customer, entry criteria, incubation process, and exit criteria)
- Startups that have passed must continue to be successful
- financial model clarifies the business model
“The main task of the incubator is to incubate, so the result of the incubation is what will make the incubator sustain.”
