UMS INCUBATOR AQUACULTURE MODEL: DEVELOPING ENTREPRENEURS THROUGH AN AQUACULTURE BUSINESS BY: DR. RAMRAINI ALI HASSAN DIRECTOR ENTREPRENEURSHIP RESEARCH AND DEVELOPMENT CENTRE (ERDEC), UMS
A business incubator is. a program designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services developed or orchestrated by incubator management, and offered both in the incubator and through its network of contacts.
Business Incubation Has Become a Major Movement in Asia Pacific Country No. of Incubators No. of Companies incubated China 670 45,000 Korea 279 4,770 Japan 190 2,375 Singapore 120 1,800 India 110 800 Taiwan 104 1,300 Australia 80 160 Thailand 89 412 Malaysia 110 2,000 Uzbekistan 32 488 New Zealand 10 142 Hong Kong 5 200 Viet Nam 11 47 Pakistan 1 9 Source: Asia Association of Business Incubators (AABI); 2009
The Incubation Centre Help with business basics Mentoring Networking Marketing assistance Access to capital Links to University/Corporate partners Business training programs Help with operations
A business incubator s main goal is to produce successful firms that will leave the program financially viable and freestanding. These incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies.
Copyright 2011 M. Long TYPES OF INCUBATION PROGRAMS
UNIVERSITY INCUBATION MODELS Copyright 2011 M. Long
Incubator-University Models Model 1 University-Run Incubation Program May be operated as a division within the school May be a separate entity under the school s jurisdiction Usually selected as an option when Economic Development is part of core mission Focus is on strengthening opportunities between University Business Community
Incubator-University Models Model 2 Incubators with formal partnerships with colleges & universities May be the result of a formation of a quasi, public-private nonprofit partnership with the college or university as one of the main stakeholders in the entity Has a separate board of directors, with university participation Can (and often does) include other functions (TTO, etc.) Focus is often on economic development/community engagement
Incubator-University Models Model 3 Incubator programs with informal relationships with colleges & universities This model may include real-world class projects, internships, and providing students as part-time workers. Again has separate board of directors with strong community involvement, some college/university participation May engage or involve several colleges/universities Focus is on regional economic development/job formation/student opportunity & community development
Copyright 2011 M. Long THE ROLE IS STILL THE SAME To foster innovation and support small companies To create jobs and stimulate economic development To build or accelerate local industry clusters To help in the business creation and retention To identify local spin-out opportunities To promote technology commercialization 11
Copyright 2011 M. Long BUT IN A SPECIALIZED INCUBATOR These incubators may include: Specialized equipment Access to University facilities, labs & staff Technology commercialization assistance Access to educated/specialized workforce Additional educational opportunities 12
OUR FOCUS: PROMOTING ENTREPRENEURSHIP Choose a layout then click the placeholders to add your own pictures and captions.
What are the main problems of starting & growing an enterprise? Typically, in many situations: 1. Bureaucratic regulations. Not a level playing field 2. Poor understanding of entrepreneur needs 3. Inadequate management and marketing skills 4. Lack of finance-credit, venture or angel capital 5. Limited access to information and technology 6. Difficulty in mobilizing a complete skills-set 7. Little interest in training, quality, IPR 8. Clan-mentality, lack of trust, cultural constraints 9. Inability to look towards global markets Support services, such as business incubators, can help new ventures, to start, survive and succeed as modern, innovative SMEs
UMS INCUBATION CENTRE A proposed Model
Copyright 2011 M. Long Tech Incubator Facilities Typically, clients are looking for specialized equipment or labs Aquaculture base equipment/facilities 16
Copyright 2011 M. Long But Most Important! Mentoring Advising Business modeling assistance Assistance in finding capital Networking Intellectual property management Finding good personnel 17
Copyright 2011 M. Long Access to University Amenities University faculty source of IP, source of Advisory Board members, source of partnering University facilities higher level equipment Access to other University amenities Libraries, continuing education 18
Copyright 2011 M. Long Technology Commercialization Utilization of University Technology Transfer departments 19
Copyright 2011 M. Long Funding Assistance Partnering with University faculty for government grants Pursuing capital funding with incubator management assistance 20
Copyright 2011 M. Long Access to Educated Workforce Accessing the Incubator Network to find new hires Accessing the University for Graduate Students/Graduate Assistants Interns, part-time hires Leading to future hires, local job creation Need for management talent, board of advisors, board of directors 21
Copyright 2011 M. Long Application Process A simple application ask for a business concept, not a business plan! Get basic information do they have money? Do they have IP protection? Do they have management? What kind of space do they need? What are their requirements? The process have an advisory board review the application & talk to the company management; are they are fit? Are they progressive? Will they grow? Do they match your portfolio? 22
Applicants are young, and energetic entrepreneurs!
Incubation Process
Optional workspace
Mentoring, teaching and providing expert advices. Weekly status meeting with experts
Connection with the network of angel investors, VC funds and partner companies
From idea to company!
Spirit of entrepreneurship Bootstrapping and co-working with smartest people in the field
Financial help is only a small (and not mandatory) part of the support from incubators
Founders don t have to spend time and effort on anything except the actual development
Experts help with vision Angels network supports further development
Incubation is to help entrepreneurs bring their products to market.
Incubation is to educate entrepreneurs on what they need to know.
Incubation is to connect relevant dots: customers, channel partners, investors, media, analysts, advisors.
Successful Incubators Integration into larger community Part of overall community economic development plan Community/sponsor support for mission and operations An effective team Professional management with adequate pay Network of business advisors, mentors and consultants Professionalism Emphasizes client assistance Models good business practices Strives for financial sustainability Measures effectiveness and impact regularly Source: NBIA Principles and Best Practices of Business Incubation
MODUL LATIHAN AKTIVITI LATIHAN DAN BIMBANGAN PUSATINKUBATOR Pengiklanan pengambilan peserta inkubator oleh pihak ERDEC 2015-2018 Mei 2015 - Jun 2015 Peserta inkubator melapor diri/pendaftaran Jun 2015 Program latihan pembenihan ikan laut Program latihan pembenihan ikan air tawar Program latihan pembenihan timun laut Program perladangan rumpai laut Penyediaan asas dan pengetahuan keusahawanan sebagai usahawan akuakultur 1 Tahun (Ogos 2015 - Julai 2016) 1 Tahun (Ogos 2015 - Julai 2016) 1 Tahun (Ogos 2015 - Julai 2016) 1 Tahun (Ogos 2015 - Julai 2016) 5 bulan (Ogos 2016 - Disember 2016)
AKTIVITI LATIHAN DAN BIMBANGAN PUSATINKUBATOR Pendaftaran dan pembukaan syarikat peserta inkubator akuakultur Penyeliaan dan bimbingan perniagaan usahawan ikan laut Penyeliaan dan bimbingan perniagaan usahawan ikan air tawar Penyeliaan dan bimbingan perniagaan usahawan timun laut Penyeliaan dan bimbingan perniagaan usahawan Rumpai Laut Usahawan Inkubator Akuakultur ERDEC UMS/SEDIA bergraduasi 2015-2018 Januari 2017 - Mac 2017 1 Tahun (April 2017 - Mac 2018) 1 Tahun (April 2017 - Mac 2018) 1 Tahun (April 2017 - Mac 2018) 1 Tahun (April 2017 - Mac 2018) April 2018
OUTPUT PUSAT INKUBATOR AKUAKULTUR Penghasilan tenaga mahir (BSc. Akuakultur) dan separuh mahir (Sijil Latihan Akuakultur Pusat Inkubator ERDEC UMS/SEDIA) dalam bidang akuakultur Membantu meningkatkan bilangan usahawan akuakultur Membantu meningkatkan pengeluaran komoditi akuakultur (ikan/udang, produk sampingan) melalui peningkatan pengetahuan teknologi akuakultur Membantu merancakkan aktiviti akuakultur negeri Sabah dan negara amnya
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