Resource:How to create an off-campus incubator - Revision history

KCVelaga: KCVelaga moved page How to create an off-campus incubator to Resource:How to create an off-campus incubator

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← Older revision		Revision as of 20:45, 15 January 2016
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	#Find a team. There are students and community members around you that will be a huge help! You can't do it alone, so go out and find some people with a variety of skills (architecture, legal, design, and finance, etc.)		#Find a team. There are students and community members around you that will be a huge help! You can't do it alone, so go out and find some people with a variety of skills (architecture, legal, design, and finance, etc.)

−	[[Category: ~~Guides~~]]	+	[[Category:Spinout]]

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 '''Cost: '''the&nbsp;funding necessary to create and maintain the space, and how that funding was found/raised
-In preparing Spark Boulder, Richman raised $100,000 to rent the 4,500 square foot space and to renovate it for incubator use. However, he also stated that this project can be completed with as low as a $25,000 budget. With sufficient support from the community, Richman was able to get enough funding to pay for full sets of furniture and include electricity and WiFi. If the budget allows, you can add additional assets and equipment.
+In preparing Spark Boulder, Richman raised $140,000 to rent the 5400 square foot space and to renovate it for incubator use. However, he also stated that this project can be completed with a much lower budget depending on how many renovations need to happen. With sufficient support from the community, Richman was able to get enough funding to pay for full sets of furniture and include electricity and WiFi. If the budget allows, you can add additional assets and equipment.
 = Location =

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 = Need and Goal =
-Incubator space is only a facilitator. Dedicated space needs entrepreneurs to thrive in order for the incubation space to be successful. If the students don't use the space, the existence of the space would be hard to maintain. This makes identifing the correct need very important.
+Incubator space is only a facilitator. Dedicated space needs entrepreneurs to thrive in order for the incubation space to be successful. If the students don't use the space, the existence of the space would be hard to maintain. This makes identifing the correct need, location, and space very important.
 Richman was inspired by the phases of life cycles in ''Startup Community'', which states, "Bringing entrepreneurs together will create a synergy that can accelerate the innovation process." By recognizing the 12 entrepreneurship-related student organizations on campus and school run programs, Richman found students to be in need of a working space in order to start their entrepreneurial pursuits. In Boulder, Colorado, one of the centers for entrepreneurship, the local community also greatly supports the idea of having a student incubator space.

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 = Need and Goal =
-Incubator space is a only facilitator. Dedicated space needs entrepreneurs to thrive in order for the incubation space to be successful. If the students don't use the space, the existence of the space would be hard to maintain. This makes identifing the correct need very important.
+Incubator space is only a facilitator. Dedicated space needs entrepreneurs to thrive in order for the incubation space to be successful. If the students don't use the space, the existence of the space would be hard to maintain. This makes identifing the correct need very important.
 Richman was inspired by the phases of life cycles in ''Startup Community'', which states, "Bringing entrepreneurs together will create a synergy that can accelerate the innovation process." By recognizing the 12 entrepreneurship-related student organizations on campus and school run programs, Richman found students to be in need of a working space in order to start their entrepreneurial pursuits. In Boulder, Colorado, one of the centers for entrepreneurship, the local community also greatly supports the idea of having a student incubator space.

← Older revision		Revision as of 01:13, 26 October 2013
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	#Just go for it. Don't ask for permission.		#Just go for it. Don't ask for permission.
	#Find a team. There are students and community members around you that will be a huge help! You can't do it alone, so go out and find some people with a variety of skills (architecture, legal, design, and finance, etc.)		#Find a team. There are students and community members around you that will be a huge help! You can't do it alone, so go out and find some people with a variety of skills (architecture, legal, design, and finance, etc.)
		+
		+	[[Category: Guides]]

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 = Management =
-Spark Boulder is currently managed by students on the board. A law firm provides a secretary for greeting. In the future, Richman would like to hire an executive director to manage the space. But the space will still be mainly managed by students.
+Spark Boulder is currently managed by students on the Board. A law firm provides a secretary for greeting guests. In the future, Richman would like to hire an Executive Director to aid in managing the space, but the space will always be mainly managed by students.
 = Lessons & Tips =

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 = Materials =
-Spark Boulder aims to provide a truly lean start up opportunity for student entrepreneurs. In terms of essential materials provided, students will have fully covered electricity, WiFi, provided furniture. Since many of the new start-ups are related to application development, Richman also plans to have monitor and 3D printer, iPad, and iPhones in place for the students to use.
+Spark Boulder aims to provide a truly lean start-up opportunity for student entrepreneurs. In terms of essential materials provided, students will have fully covered electricity, WiFi and a fully furnished space. Since many of the new start-ups are related to application development, Richman plans to add monitors, a 3D printer, iPad and iPhones in place for the students to use.
 After all, Richman emphasizes that, "The space is the thing!" If the space is available and affordable, it will help entrepreneurs.

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 = Activities =
-As a newly founded incubator space, Spark Boulder hasn't planned many activities for its residents. It will mainly serves as a new space for students to develop their ideas and meet with each other. And the organization can work hold their business competition in the space as well. Richman also plans to bring some third party start-up accelerator programs to the incubator space to help the student entrepreneurs.
+As a newly founded incubator space, Spark Boulder has not planned many activities for its residents. It mainly serves as a newly designed space for students to develop their ideas and meet with each other. Student organizations can hold their business competitions in this space as well. Richman also plans on bringing some third party start-up accelerator programs to the incubator space to help the student entrepreneurs.
 = Materials =