Embed Size (px)
Citation preview
BUSINESS INCUBATION AT HIGHER EDUCATION INSTITUTIONS – CASE
STUDY FROM LATVIA.
I V E TA C I R U L E ,P H D S T U D E N T,
H E A D O F C R E AT I V E B U S I N E S S I N C U B AT O R , C O - F O U N D E R O F L AT V I A S T U D E N T S B U S I N E S S
I N C U B AT I O N I N I T I AT I V E R I G A I N T E R N A T I O N A L S C H O O L O F E C O N O M I C S A N D B U S I N E S S A D M I N I S T R A T I O N , L A T V I A
XX Annual International ConferencePUTTING KEYWORDS TOGETHER IN
INNOVATION ECOSYSTEM27-29 May, 2015
Kaunas, Lithuania
Outline of presentation
Purpose Methods Definitions Business incubation at HEIHEI profilesFindings & suggestions Further research
Purpose (1)
Introduce
• with business incubation process at HEI in Latvia
Suggest
• the future scenario of HEI business incubators’ development
Purpose (2)entrepreneurship development
HEI incubators: as a social and
managerial process +the social
organizational environment
Start-ups:
Sustainability
Growth
Methods
Judgement sample analysis of 4 HEI business incubators’ profiles
Literature review on business incubation process
Business incubation
«..while a business incubator refers to the social organizational environment of the firm, in contrast, business incubation refers to the programs, activities, and events, that systematically identifies and evaluates new and emerging opportunities with the objective of bringing a community orientation and collective action to improvements in existing products or processes or the development of totally new products, new technologies and new business models.» (Joseph & Eshun, 2009)
Business Sustainability
managing the triple bottom line - financial, social and environmental risks, obligations and opportunities
Financial times, Lexicon http://lexicon.ft.com
STARTUP DEVELOPMENT PHASES
HEI incubators - Latvia case
60 Higher Education Institutions (HEI) in Latvia.First HEI incubator in Latvia – 2013.4 HEI (+1 in development) are offering business
incubation facilities for students, alumni and young entrepreneurs free of charge.
Simbolic fee (5 - 50 EUR/month) for any interested person.
Main problem
Lack of Pre-incubation impacts the quality of Incubation.
Young entrepreneurs could not enter business incubators due to a lack of business sustainability and a lack of business and work experience – only potentially viable businesses are accepted into „classical” business incubators until 2015.
Pre-incubation process is forseen in a new State incubation programme starting from 2015/2016 -2020.
STUDENT BUSINESS INCUBATORS
Results
20 of them realize that business is not their calling
10 of them can’t find the right business
concept
40 teams each year
10 of them move forward
Main focuss
Help
• the person
Improve
• the idea
Test
• the business model
HEI services
Training & consultancy
Office place
Mentoring
Various suppport projects –
business contests, summer camps,
international events
Small grants (trade mark registration, prototyping)
Support projects
FISH SPA
Health & beautyMentor – Marika Ģederte, entrepreneur,
Cofounder of Cosmetology College Elīna Tumova – entrepreneurship student
AUREA LANA
Social business ideaWoolen hats and glovesMentors – Iveta Cīrule, Head of Creative Business
IncubatorRISEBA student Matīss Šteins
SOMAA
Creative Industries enterprise SOMAALinen bags and sacks Krišjānis Zviedrāns – business phycology studentMentor – Head of Creative Andrejsala business
incubators Rihards ZariņšRegistrated trade mark in November 2014www.somaa.lv
Findings
Start-up ecosyste
m
HEI’s incubato
rs
Further research
Sustainability of HEI incubators’ enterprisesThe role of social and human capital in
business incubation process at HEIGrowth of HEI incubators’ enterprises with
the respect to nascent entrepreneurs motivation
The role of pre-incubation in entrepreneurship/ enterprise development
