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Alto Douro Incubator (ADI) Raquel Sa: UTEN Austin Internship, Feb 2010. Universidade de Trás-os-Montes e Alto Douro. The Alto Douro Regional Model. Academic. Business. Gov’t. Community needs. Talent. Technology. Capital. Know-how. National & International Market realities.
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e Alto Douro
National & International
Job & Wealth Creation
Application of R&D for firm:
G A P
Catalyze new technologies to:
Help both low-tech and hi-tech businesses maneuver past the “valley of death”
Key Components of the Alto Douro Incubator
Faster to market
& fast growth
Alto Duro Incubator
Technology Transfer Office
Office of the Rector
Office of Technology Transfer
Admit into ADI
Graduate from ATI
Company pays ADI an annual membership fee
Company donates equity to UTAD
Accelerated Firm Growth
Concise programmilestones withclear policies and procedures
Access tofinancing andcapitalization
Tie to a university
An Entrepreneurial Culture
Hard work/long hours
Community buy-in & support
Intangibles = Know-how & Networks (MOST IMPORTANT)
Context/Culture: Community Support
1. Successful commercialization environment requires regional support and know-how
2. An entrepreneurial culture
3. Tenant company entrepreneurial and professional training
4. Internally cooperative and externally competitive
5. “Open organization” – links to academia, government, business
6. An environment of continuous learning for commercialization-both good & bad lessons learned
Recruit a team of advisors
Recruit an incubator Director
Establish Company Selection/Exit Processes
Establish Physical Facilities
Recruit network of Service Providers
Develop Web site
Recruit Tenant Companies
Commercialize Science and Technology for wealth and job creation
R&D consortia, UTAD, firms, start-ups
1. Develop technology entrepreneurship and management curriculum
2. Successful placement of students
3. Experimental learning
5. Royalty and license fees
An incubator can be established with a small staff, in relatively modest facilities.
Regional donations can assist with securing office furniture & supplies, and also in providing complimentary professional services to early-stage companies.
As success increases, so can the facilities and staff.
Value to today’s entrepreneur
Industry-specific accleration (clean energy,
Start-up infrastructure support
offered to entrepreneurs
ADI will provide strategic, operational, and infrastructure support to promising, early-stage technology-based ventures.
ADI will work with entrepreneurs and investors, professional service providers, and industry leaders to benefit its member companies.