22 June 2016

Careful With Your Eggs > Don't Get Scrambled In A Business Incubator

A business incubator in business speak is a company that helps new and startup companies to develop by providing services such as management training or office space.
Your MesaZona blogger uploaded a post on June 13, 2016 featuring a crowd-funding campaign for $30,000 [flexible amount] on IndieGOGO that was uploaded to YouTube on June 6 by Pam Slim for an office offering services for potential startups that's located in what is classified as a commercial/retail district.  
It is unusual for just one individual to get into this new business model since most Business incubation programs are often sponsored by private companies or municipal entities and public institutions, such as colleges and universities. Their goal is to help create and grow young businesses by providing them with necessary support and financial and technical services. Take a look at the schematic to the right and you will see an important element in this business model: the incubation fee.
Here in Mesa so-called "business accelerators" have delivered mixed results, even when the City of Mesa and ASU with all their resources opened one at Phoenix-Mesa Gateway Airport in December 2013.


Notable entrepreneur, business coach and author of “Escape From Cubicle Nation” and “Body of Work” Pam Slim is opening a space for small businesses to grow in downtown Mesa. Although the grand opening isn’t until Aug. 13, I’m leaking her news in advance so that everyone knows this space exists.
Her new space, K’e, fits in so well with what Stealthmode, the West Mesa CDC, and the Opportunity Through Entrepreneurship Foundation have been jointly doing in west Mesa for the past five years, and the combined effort is beginning to make a difference. (If you don’t know
Cynthia Dunham, who runs the West Mesa CDC, you should. She’s amazing.)
STEALTHMODE??
". . . Pam is a kick-ass coach. . . Pam says Downtown Mesa is undergoing tremendous positive change. There is a large and vibrant small business community, and loads of creative talent in the city. . . But unlike many of its sister cities like Chandler, Gilbert, Phoenix and Tempe, Mesa does not (yet) have the support, investment and mentoring required to maximize the potential of the small business community. ??? true or not
 
 



No matter how this newest fund-raising by an individual works out [or doesn't] as you can see in this infographic the number of business incubators worldwide has been growing at a good clip since 1990 after getting off to a slow start - figures for after 2013 may tell a different story.
 
 
 
 
Frontline: Incubators Help Startups to Grow and Succeed
Dale D. Buss, Staff Editor, Area Development
Q1 2016
"Startup fever is exploding across America, as a slow-growth economy, corporate job cutbacks, and the work ethos and expectations of the burgeoning millennial generation reshape the business landscape. Cities, states, universities, and private interests are all scrambling to provide these lean startups with petri dishes in the form of incubators and other programs that help them succeed, keep them happy — and begin to derive economic development benefits out of the relationships.
Interestingly, many of the incubators that have opened to meet the needs of startups are situated in places not traditionally associated with entrepreneurial fervor. While it’s no surprise to see incubator spaces and small-company networking centers thriving in tech centers such as Silicon Valley; Austin, Texas; and the Research Triangle of North Carolina, the latest generation of incubator fever is taking root in places such as Des Moines; Kansas City; Gainesville, Fla.; and Grand Rapids, Michigan . . .
. . . Sometimes incubation occurs in the minds of entrepreneurs as much as in a physical space, and that’s why there’s a proliferation of programs such as the Executive Training Class at the Jim Moran Institute for Global Entrepreneurship at Florida State University. The five-month experience equips executives with business-growth skills and leadership training. . . "
 
Why startup incubators don’t work

The Data Problem is Huge
The problem around data in startup ecosystems is far deeper. How can diligent research be undertaken, if it is not even possible to gather accurate data on how many “accelerators” or “incubators” there are?
With the lack of data, the market mirroring a “winner takes it all” investment landscape and many programs having shut down: why is the accelerator and incubator model still being copied blindly across the globe?

Accelerators and Incubators – Disruption has started
If global innovation through entrepreneurship is the goal and startup support programs, as the name suggests, want to facilitate this through the best possible support, it’s essential that they keep iterating on alternative models to find product-market fit in their local ecosystems. Tech ecosystems across the globe are so diverse, that startups face very different challenges and are equipped with varying skill sets and knowledge levels from the offset.
Some of these alternative models are moving away from strict predefined curricula, yet still offer similar added value such as a strong network, experienced mentorship and knowledge transfers such as designing proximity and serendipity through real estate. We call this organic acceleration. Serendipity, creativity or entrepreneurship cannot be taught – so why are programs still trying to emulate schooling environments for startups?
I am not advocating a definite solution – of course I’m biased towards our organic acceleration approach, but the point I would like to make is that programs, just like startups, need to learn from failure, iterate and iterate fast to continuously improve existing models so that they fit their local target market and are able to provide the best possible support systems for innovation through entrepreneurship.

" The Mesa business accelerator  Launch Point isn't free. " The Mesa business accelerator  Launch Point isn't free. It isn't for fledgling startups that have big ideas and little else. It isn't universally welcoming,

No comments:

The Complete Bart Simpson Timeline