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KCVelaga moved page How to create an off-campus incubator to Resource:How to create an off-campus incubator
= Need and Goal =
Incubator space is only 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 , 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.
'''Cost: '''the funding necessary to create and maintain the space, and how that funding was found/raised
In preparing Spark Boulder, Richman raised $100140,000 to rent the 4,500 5400 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 much lower budgetdepending 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 =
= Management =
Spark Boulder is currently managed by students on the boardBoard. A law firm provides a secretary for greetingguests. In the future, Richman would like to hire an executive director Executive Director to manage aid in managing the space. But , but the space will still always be mainly managed by students.
= Lessons & Tips =
#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.)
[[Category:Spinout]]