To identify complimentary advantages and successful experiences gained from an international consortium of five bio-technology incubators thus enabling the design of a toolkit for best incubation practice that will subsequently be applicable to incubators in other fields of technology.
Description of the Work:
Biolink aims to enhance start-up creation and development in Europe by designing a Toolkit that will provide users with the information to employ the most effective and efficient practices during the start-up incubation process. It will achieve this by forming an international consortium of five biotechnology incubators, each of which implements different incubation methods.
Both the complementary advantages and the individual experiences of the five incubation processes, along with two successful incubator models from the US, will be analysed with the objective of defining a co-incubation scheme so that start-ups can benefit from the combined expertise of different incubators.
Testing the incubation scheme:
The co-incubation scheme will be tested on a total of 10-15 start-up companies (2-3 from each participating region) including 2-3 start-ups from a developing region in order to determine their effectiveness in the facilitation of start-up creation and the nurturing of developing areas.
Five professional seminars will be organised so as to facilitate an environment where experiences can be exchanged and best practices can be identified. The aim of these seminars is to pool together the knowledge, tools and procedures from all the participants and to extract from this what are considered to be the best practices. The aim of this is to establish a uniform protocol for the incubation process in the field of biotechnology, a toolkit for best incubation practice (BIP-Toolkit).
Based on the level of success in identifying the best practices in biotechnology incubators, it is hoped that it will be possible to adapt this to form a generic BIP-Toolkit, applicable to other fields of technology and other regions. This generic BIP-Toolkit could include guidelines and practical means for integrating regional/national advantages of different incubators into an improved single incubation model.
Dissemination of results at the end of the project will involve an end of project conference, widespread distribution of the final report and the creation of a website providing ongoing support.
Milestones and expected results:
- Identification of specific definitions of the co-incubation model as well as impact indicators and selection criteria and the production of a detailed work-plan;
- Selection of start-ups for participation in implementation;
- Publication of a final report detailing the BIP-Toolkit and the applicability and transferability of co-incubation and BIP-Toolkit to other contexts;
- Evaluation of the success of the project and dissemination of conclusions.