Paul Adams - Innovation Incubator

Transcript

1. West Midlands Innovation Incubator - Pilot
2. • We are a team of entrepreneurs- for-hire who start new ventures • Clients big organisations who want to start something new eg Virgin, Aston University • Also create our own ventures eg Innovation Incubator WHO ARE GOLDFISH?
3. West Midlands Innovation Incubator - Pilot Two problems
4. INCUBATORS HELP STARTUPS AND ARE GREAT FOR NETWORKING...
5. BUT THEY AREN’T SUITABLE FOR ALL ENTREPRENEURS…
6. • Limited to larger towns and cities • Not all entrepreneurs want a physical office, e.g. entrepreneurs with a day job • Entrepreneurs need space for different lengths of time PHYSICAL INCUBATORS HAVE LIMITATIONS…
7. • Online communities don’t just happen they need to be built around common interests • All entrepreneurs have some common characteristics e.g. proactive, willing to take risks, starting something new • But their businesses have different goals and markets WHY IS THERE NO CENTRAL ONLINE COMMUNITY FOR STARTUPS? - A ‘MUMSNET FOR ENTREPRENEURS’?
8. • Large organisations see the value in working with startups to innovate • Startup with a solution their problems - if they could meet • A contract to supply a large corporate customers is often worth more than investment • Innovation programmes expensive LARGE ORGANISATIONS WANT TO CONTACT ENTREPRENEURS TO INNOVATE AND SOLVE PROBLEMS
9. WHAT IF THERE WAS A NATIONAL ’VIRTUAL INCUBATOR’ RUN BY ENTREPRENEURS FOR ENTREPRENEURS?
10. THAT ALSO ACTED AS AN INNOVATION HUB TO MATCH LARGE CORPORATES AND ENTREPRENEURS?
11. PILOTED IN A BETA VERSION IN THE WEST MIDLANDS BEFORE A NATIONAL ROLL OUT
12. • An online community of entrepreneurs run by entrepreneurs sharing knowledge eg ratings of service providers • Built around innovation challenges set by government and corporates who want start-ups to solve problems • Works with, and signposts to, the existing local off-line startup support provision • Providing a way for government, LEPs and corporates to reach entrepreneurs cost-effectively and understand issues in real-time INNOVATION INCUBATOR
13. WMCA PILOT – EXAMPLE PARTNERS Networking Funding Training and support Interaction Innovation challenges Physical space
14. • Entrepreneurs respect the views of those who have been entrepreneurs more than advice from government or banks • Innovation Incubator will be a new not-for-profit company • A collective owned by its entrepreneur members • Set up and managed by a team of entrepreneurs (who work on the incubator a maximum of 4 days a week) • Board composed of entrepreneurs and elected in part by the entrepreneur members GOVERNANCE
15. West Midlands Innovation Incubator - Pilot Next steps
16. • Proof of concept March-June • Ex-Volvo Director of Innovation and Strategy • Find corporate partners seeking innovation • Work with entrepreneurs and innovators • Create costed business plan • Gain funding • Launch end 2019 NEXT STEPS
17. Paul Adams Commercial Director Goldfish Paul@goldfishlondon.com 07813 799124 CONTACT