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’?
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
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
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