Growing New Ventures, Creating New Jobs


Book Description

Well managed business incubators with programs and services that help their client companies grow are important mechanisms for economic development in America. Although the number of business incubators in the United States has grown from 10 to 500 in the last 15 years, the success of these incubators has been mixed. Many incubator directors are so busy with public relations, fund raising and administrative duties that they spend very little time working with client companies. Mark Rice and Jana Matthews, incubator experts, have identified three key principles and 10 best practices of successful incubators - those that help entrepreneurs grow their companies. This book provides a litmus test for determining an incubator's feasibility, suggests ways to attract high-quality entrepreneurs, and includes many hands-on examples from some of the country's best business incubators. The authors have developed alternative financial models for incubators, clearly delineated board and staff responsibilities, and outlined many different ways to help entrepreneurs grow their companies, depending on their stage of development.




The Life Cycle of New Ventures


Book Description

The contributors to this book provide a cross-national comparison of venture emergence, newness and growth. Their chapters examine the influences of cultural, social and economic factors on venture development, compare the approaches of entrepreneurs who move from idea to emerging organization, and investigate acquisition and development of resources in growth and performance. The authors consider important issues in new ventures research such as technology commercialization, management team development, and influence of equity funding. While its particular focus is on Norway and the US, the book offers broad and intriguing contributions with regard to the emergence and growth of knowledge based firms in developed economies, and has implications for both direct and indirect government policy with regard to stimulating the formation and development of knowledge based firms. Scholars and students of entrepreneurship, international studies and economics, policymakers, international business experts and economic development specialists will find this rigorous analysis of the utmost importance.




Technology Entrepreneurship And Business Incubation: Theory, Practice, Lessons Learned


Book Description

Technology Entrepreneurship and Business Incubation analyzes business incubators worldwide through a series of empirical and theoretical papers. The authors examine the extent to which business incubators are influential in situations such as nurturing young technology firms, increasing success of new firms, and in developing an ecosystem around these successes. Also examined is the relationship between business incubators and their resource providers, including venture capitalist firms and government agencies.Edited by Phillip Phan (Johns Hopkins Carey Business School), Sarfraz Mian (State University of New York at Oswego), and Wadid Lamine (Toulouse Business School), all leading figures in the field, this book provides both a theoretical framework to conceptualise ideas and a practical guide to influence best practices and innovation in business incubators.







Technology Business Incubation


Book Description

Many businesses around the world use technology as a means to set-up, run and improve their commercial performance but not all countries have sufficient access to technology. In fact the ’digital divide' between rich and poor countries is one of the major international challenges facing our society. Technology Business Incubation describes a concept whereby technological support and services are offered to start-up companies in the fields of engineering, science and technology to help them further their own research and develop viable businesses. Aimed at developed and developing countries this concept could provide a solution in bridging the knowledge gap. Written by Rustam Lalkaka, a well-known expert in the field, the toolkit provides invaluable information for carrying out feasibility studies; preparing business plans; choosing a location; finding sponsors; selecting managers and tenants; and monitoring a technology business incubator. Annexes contain checklists and report pro formas to help prepare relevant documents based on local needs




Business Incubation International Case Studies


Book Description

This publication reviews current experience in business incubation in Australia, Germany, Italy, the United Kingdom and the United States.




Change to Success


Book Description

In a world where innovation is considered to be a key driver for a new economy, Higher Education Institutions (HEI) can play a pivotal role. With this understanding, HEI in Latin America, have become significantly more entrepreneurial over the last decades in order to perform their 'third mission' - provide a greater benefit to society. UniTransfer, the project that gives birth to this book, emerges as a response to a better understanding of the nature of knowledge and technology transfer (KTT), presenting interesting alternative approaches to KTT such as; 'Science-to-business marketing', 'Partnering approaches for knowledge transfer' and 'Academic Entrepreneurship'; further it offers tools and proposes actions to implement change from within the structures of HEIs in Central America and Mexico. This publication portrays the projects developed by the participants from UniTransfer - Executive Training Course. Each chapter constitutes an approach and a good practice that can be further consulted by any other academic institution in a similar context striving for change to success. Moreover, the projects developed from each participant illustrate the specific profiles, visions and missions, as well as organisational and governance frameworks that the new leadership in higher education needs to embrace if it ought to fulfil its new entrepreneurial role beyond the traditional boundaries of the HEI. 'The UniTransfer Executive Training Course at Münster University of Applied Sciences, Instituto Tecnológico de Costa Rica and Universidad Autónoma del Estado de Hidalgo, helped me to think in markets and beyond my own institution and role as an academic. The visits to the technology parks and to the transfer agencies in Münster, San José and Pachuca helped me to bring new models to be adapted to our region.' José Luis Antón de la Concha, Vice rector of Research, Universidad Autónoma del Estado de Hidalgo, México 'After UniTransfer I realize that university-business linkages can make a great contribution to the development of our countries and societies. Sharing different points of views and experiences has been beneficial for new knowledge acquisition and invaluable friendship from Costa Rica, Mexico, Germany, Spain and Australia. Thank you all!' Marcelino Antonio Castro-Baltodano, Universidad Nacional de Ingeniaría, Nicaragua




The Triple Helix


Book Description

A Triple Helix of university-industry-government interactions is the key to innovation in increasingly knowledge-based societies. As the creation, dissemination, and utilization of knowledge moves from the periphery to the center of industrial production and governance, the concept of innovation, in product and process, is itself being transformed. In its place is a new sense of 'innovation in innovation' - the restructuring and enhancement of the organizational arrangements and incentives that foster innovation. This triple helix intersection of relatively independent institutional spheres generates hybrid organizations such as technology transfer offices in universities, firms, and government research labs and business and financial support institutions such as angel networks and venture capital for new technology-based firms that are increasingly developing around the world. The Triple Helix describes this new innovation model and assists students, researchers, and policymakers in addressing such questions as: How do we enhance the role of universities in regional economic and social development? How can governments, at all levels, encourage citizens to take an active role in promoting innovation in innovation and, conversely, how can citizens so encourage their governments? How can firms collaborate with each other and with universities and government to become more innovative? What are the key elements and challenges to reaching these goals?




Building 21st Century Entrepreneurship


Book Description

Entrepreneurship develops around the world in accordance to the different cultural, political, economic and social contexts. Governments promote entrepreneurship as a way to improve economic growth. As capitalism changes, entrepreneurship also changes. This book describes some of the new profiles of entrepreneurs that are creating the entrepreneurial economy of the 21st Century. It presents entrepreneurship in a theoretical and pragmatic way in order to help readers to understand what entrepreneurship means today. Illustrated by socio-economic information and case studies of an international scope, two main questions are explicitly studied in this book: who are the new figures of entrepreneurs and how are they creating the companies of the future? The book is based on academic literature and serves as a reference to researchers interested in the evolution of entrepreneurship.




The Triple Helix


Book Description

The triple helix of university–industry–government interactions is a universal model for the development of the knowledge-based society, through innovation and entrepreneurship. It draws from the innovative practice of Massachusetts Institute of Technology (MIT) with industry and government in inventing a regional renewal strategy in early 20th-century New England. Parallel experiences were identified in “Silicon Valley,” where Stanford University works together with industry and government. Triple helix is identified as the secret of such innovative regions. It may also be found in statist or laissez-faire societies, globally. The triple helix focuses on “innovation in innovation” and the dynamic to foster an innovation ecosystem, through various hybrid organizations, such as technology transfer offices, venture capital firms, incubators, accelerators, and science parks. This second edition develops the practical and policy implications of the triple helix model with case studies exemplifying the meta-theory, including: • how to make an innovative region through the triple helix approach; • balancing development and sustainability by “triple helix twins"; • triple helix matrix to analyze regional innovation globally; and • case studies on the Stanford's StartX accelerator; the Ashland, Oregon Theater Arts Clusters; and Linyi regional innovation in China. The Triple Helix as a universal innovation model can assist students, researchers, managers, entrepreneurs, and policymakers to understand the roles of university, industry, and government in forming and developing “an innovative region,” which has self-renewal and sustainable innovative capacity.