SHORT DESCRIPTION
Business incubators are structures that can give life to innovative ideas and commercialize them.
Their ability to transfer technology and product innovation to tenant companies is of great
importance. It is of vital importance that incubating companies’ goals are in line with incubators
goals. If that is not accomplished, problems will emerge, given the fact that each one will try to
accomplish its own goals that may be congruent.
The successful performance of a business incubator depends ultimately on the number of clients it
attracts and the performance of these firms. From a purely operational perspective, tenant companies
are the primary source of revenue to help cover operating costs but, more fundamentally, we would
argue that the performance of an incubator should be judged ultimately in terms of the performance of
tenant companies.
The way in which business incubators are financed and the extent to which they are able to generate
sufficient revenue to help cover start-up and operating costs is another critical ‘driver’ of their
success.
The current application accommodates two very important tasks for the incubator. The first task is
to manage operational information concerning the incubator itself as well as information concerning
the candidates and the residents of the incubator.
The second task is to monitor and measure the product innovation and technology transfer from the
incubator to its tenants. This second task is accomplished by the application by defining processes
and monitor and measures the implementation of processes.
Downloads
Related Documents
- Entry Process
- Funding Process
- Exit Process
- New Product Development (Stage 1)
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