Alto douro incubator adi raquel sa uten austin internship feb 2010
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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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Alto Douro Incubator (ADI) Raquel Sa: UTEN Austin Internship, Feb 2010

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Alto douro incubator adi raquel sa uten austin internship feb 2010

Alto Douro Incubator (ADI)Raquel Sa: UTEN Austin Internship, Feb 2010

Universidade

de Trás-os-Montes

e Alto Douro


Alto douro incubator adi raquel sa uten austin internship feb 2010

The Alto Douro Regional Model

Academic

Business

Gov’t

Community needs

Talent

Technology

Capital

Know-how

National & International

Market realities

Job & Wealth Creation


Alto douro incubator adi raquel sa uten austin internship feb 2010

Investments

University

NEW JOBS


Adi two fold mission

ADI Two-fold Mission

  • To facilitate economic development through the support of entrepreneurship and new venture incubation

  • To provide opportunities for UTAD students and faculty to study new venture development in a life-scale, yet controlled (scientific laboratory) environment


Spin out companies and the knowledge technology transfer gap

Spin-Out Companies andthe Knowledge Technology Transfer Gap

  • Technology valuation/protection

  • Market research

  • Networking for financial support

  • Manufacturing access

  • Distribution, sales, and service

  • Managerial know-how: fast growth

R&D Funding

Application of R&D for firm:

G A P

  • Government

  • University

  • Corporate

  • Diversification

  • Expansion

  • New formations

Incubator Role


Benefits of alto duro incubator

Benefits of Alto Duro Incubator

Enhancecredibility

TenantFirms

Provideaccess to

localbusinessnetworks

Shortenlearningcurve

Provide access

to national/

international

markets and

resources


Alto douro incubator

Alto Douro Incubator

Catalyze new technologies to:

  • Achieve accelerated commercialization successes

  • Promote path-breaking technologies for creating newer industries and “smart” infrastructures

    Help both low-tech and hi-tech businesses maneuver past the “valley of death”


Alto douro incubator adi raquel sa uten austin internship feb 2010

University

Private

Gov’t

.

Key Components of the Alto Douro Incubator

Incubator Affiliation

Faster to market

& fast growth

Tenant

Companie

s

Profits

Viable

Companies

Economic

Development

ADI

(non-profit/profit)

Entrepreneur’s Technology

Job Creation

Industrial

Competitiveness

Support Systems

International Branding

Capital

Administration

Know-How Networks

Training &

Education

Facilities


Adi value proposition

ADI Value Proposition

  • Aggregate and channel value fromstakeholders for the benefit of member companies

    • UTAD research, faculty, students, and staff

    • Service providers, mentors, investors, and corporate partners

  • Return value tostakeholders

    • Create wealth in our communities by systematically monetizing new technology ventures

    • Reduce the risk inherent in new ventures

    • Provide entrepreneurial business education and engage in leading edge research


Incubator tenant services

Incubator Tenant Services


Community incubator services

Community Incubator Services


Business incubators can

Business Incubators Can

  • Assist leveraging of regional technology and know-how resources

  • Promote partnerships between large companies and entrepreneurial firms

  • Facilitate public/private collaboration

  • Help develop a regional cluster

  • Act as a “lightening rod” to attract entrepreneurial talent


The adi commercialization value chain

The ADI Commercialization Value Chain

Capitalize

Grow

Alto Duro Incubator

Technology Transfer Office

Engage Market

Investors

Productize

Innovate

Research

University


Adi within the utad hierarchy raquel please review change as needed

ADI within the UTAD Hierarchy (Raquel please review & change as needed

Office of the Rector

Research Faculty

Business Faculty

The University

Office of Technology Transfer

ADI Incubator

CommercialSector


Incubation process at adi

Incubation Process at ADI

Vet

Internally

Screen

Application

Admit into ADI

Set Milestones

Review

Graduate from ATI

Vet

Externally

  • Up to 3 years or:

  • When a major investment funding is obtained or

  • When significant cash from operations are achieved

People

Market

Company pays ADI an annual membership fee

Company donates equity to UTAD

Technology


The right selection criteria for company tenants

The Right SELECTION Criteria for Company Tenants

  • Strong business plan & team

  • Technological credibility

  • Market potential

  • Employment potential

  • The right mix of companies within incubator and for the region

  • Experienced judgment for business success


The value of a business incubator to tenants

The Value of a Business Incubator to Tenants

Graduating Firms

Accelerated Firm Growth


The right graduation criteria for company tenants

The Right GRADUATION Criteria for Company Tenants

  • Job Growth Potential

  • Financial Potential

  • Market Potential (global)

  • Time to leave “home”

  • Variations by technology type

  • Seasoned judgment


Adi future strategic initiatives

ADI Future Strategic Initiatives

  • Focus on technology sectors relevant to Alto Duro and develop sector focused incubation

    • Select staff members with sector-specific industry experience

    • Leverage know-how at UTAD and business activity in Alto Duro

  • Fund operations through alternative revenue sources

    • Public-Private Partnerships

    • Research Grants

  • Enable start-up companies to “Go Global”

    • Establish best practices and provide support for internet marketing plan

    • Leverage global contacts established by UTEN international partner programs


Alto douro incubator adi raquel sa uten austin internship feb 2010

ADI: Potential Hi Tech Sectors

Nano-Bio

IT/Software

Wireless

ADI

Digital Media

Other…

Clean Energy


Ten success factors

Ten Success Factors

Concise programmilestones withclear policies and procedures

Access tofinancing andcapitalization

On-site learning

and leveraging

of resources

Tie to a university

In-kindprofessional support

ADI

Communitysupport

Selectionprocess fortenants

Perceptionof success

Entrepreneurialeducation

Entrepreneurialnetworks: regional,

national,

international


Adi success factors

ADI Success Factors

  • Need a champion

  • First Director is key

  • Gain community support

  • Develop viable business model adapted to Alto Douro

  • Build entrepreneurial ecosystem including ADI service providers


Critical success factors

Critical Success Factors

Advisory Board

Academic

Business

Government

Leaders/visionaries/champions

The Director

Nurturing/disciplined

Networking skills

Resourceful/adaptable/political

Business experience


Critical success factors continued

Critical Success Factors (continued)

An Entrepreneurial Culture

Bootstrapping mentality

Leverage/scrounge resources

Hard work/long hours

Community buy-in & support

Resources

Tangibles

Intangibles = Know-how & Networks (MOST IMPORTANT)

Context/Culture: Community Support


Environment and culture

Environment and Culture

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


Incubator start up task list

Incubator Start-up Task List

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


Adi goals metrics

ADI Goals & Metrics

Commercialize Science and Technology for wealth and job creation

R&D consortia, UTAD, firms, start-ups

Help

  • Build management teams

  • Secure financing

  • Accelerate time to market

  • Graduate fast growth firms

  • Create direct technology jobs at low cash cost per job

  • Attract and retain talent to Alto Douro

  • Build “Smart Infrastructure” of professional service providers


Metrics for success

Metrics for Success

Academic

1. Develop technology entrepreneurship and management curriculum

2. Successful placement of students

3. Experimental learning

4. Research

5. Royalty and license fees


Establish incubator facilities

Establish Incubator Facilities

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.


Evolving adi s value proposition

EVOLVING ADI’s VALUE PROPOSITION

Value to today’s entrepreneur

PHASE THREE

PHASE TWO

“Market Making”

PHASE ONE

Industry-specific accleration (clean energy,

wireless, etc.)

Start-up infrastructure support

Time

  • At left, plus:

  • In-depth consulting

  • “Virtual Board”

  • Targeted capital matchmaking

  • Office space

  • Professional services

  • Capital networks

  • Business consulting

  • At left, plus:

  • Access to key global partners

Services

offered to entrepreneurs


Alto douro incubator adi raquel sa uten austin internship feb 2010

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.


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