February 2012
February 2012

Business Incubator Workshop Series

Sandra Cochrane, MI-SBTDC Technology Consultant and National Business Incubator Association Board Member, will be leading a two-part business incubator workshop series this year. 

The first workshop in the series, titled "Business Incubator Start Up Workshop" is designed for participants who are seeking to open a successful business incubator. Attendees will work through the feasibility of the business incubator concept and discuss incubator business management and business plan development; including how to market and determine financial start-up requirements. Held on Feb. 17 - Register Now!

The second workshop, titled "Business Incubator Funding Workshop" will be an in-depth explanation of how to best prepare for and execute a successful funding campaign. Specific topics include: Assessing community support for an initiative, developing a case and rational for the campaign, creating an effective presentation and presenting the opportunity for investment. Held on May 30 - Register Now! 

For More Info, click here

Incubation In the News...

  • Registration for GLEQ Spring Business Plan Competition Now Open - GLEQ
  • After a Year, Start-up America has a Start - NY Times 
  • National Business Incubator Association Conference 2012 - NBIA

MBIA Incubator Awards NOW Accepting Nominations!

 It's time for the MBIA Incubation Awards!

  • Do you know a GREAT Michigan incubation program?
  • Is there an OUTSTANDING Michigan incubator client that deserves recognition?

Each year, the Michigan Business Incubator Association (MBIA) honors one business incubation program and one client company that exemplify the best of the industry. These organizations have made important industry contributions through their products, services and programs.These awards are about the heart of business incubation. Urban or rural, specialized or mixed-use, and wherever they’re located, we’re looking for the next champion of business incubation!

Nominater an outstanding incubation program or client by March 5! 

Contact michigan.incubation@gmail.com to recieve a nomination packet!

 


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Save the Date! MBIA Conference April 17/18

This year the annual MBIA conference will be held at the Amway Grand Plaza Hotel in Grand Rapids. The conference will begin on Tuesday, April 17th with an evening reception, continuing with round-table discussions, seminars and training sessions the following day on April 18th. 

Click Here to Register! 

West Shore Community College Business Incubator Study

The Center for Business Acceleration and Incubation Studies, Institute for Research on Labor, Employment and the Economy at the University of Michigan completed a yearlong study to conduct a market and feasibility analysis for a business incubator on the Campus of West Shore Community College in December of 2011.
The study found a mixed-use incubator in the West Shore region would provide new businesses from a variety of industries with the opportunity to develop strong business foundations in the startup phase and increase their chances of becoming successful ventures in the long run.

Analyzed data of survey responses from entrepreneurs, economic development organizations, professional service providers, student entrepreneurs and mentors indicates a business incubator program is viable for the region. Entrepreneurs and student entrepreneurs expressed greatest interest in business accounting, business development, and general legal services. These services could be provided and administered through one-on-one consultations and seminars accessible to entrepreneurs at a reduced cost. A business incubator or incubator program could also bring the above five groups together in a physical facility or virtually to provide beneficial services and synergies leading to economic growth in the region.
The analysis also indicates that a business incubator and incubator program should include current West Shore Community College students and the general entrepreneurial population in the region with interest in starting a business and that a business incubator should offer business-oriented services to assist with development of both service and product based business.

West Shore Community College has taken the first step in implementing the study by establishing the WSCC Business Opportunity Center and hiring Julie Van Dyke as the Director of the Center. The Center has developed several Business and Management Development noncredit courses and Entrepreneurial Workshops for existing and potential entrepreneurs.

When Considering Funding Options, Donít Forget the SBIR/STTR Program

Jayne Berkaw, Biotechnology Business Consultants

Through the government’s SBIR/STTR programs, eleven federal agencies make available high-risk capital - $2.5 billion annually - to fund the development of technologies with commercial merit at the nation’s most innovative small companies. SBIR/STTR funding is non-dilutive, making it an extremely attractive funding strategy for early-stage technology companies. The key is to find the right agency and topics, and to allow enough time to go through the process. BBC is a statewide consulting firm specializing in helping emerging companies win SBIR/STTR funding and using it strategically to propel growth. Its Michigan Assistance Program (MAP) makes training and proposal assistance available to eligible Michigan companies with the costs of these programs covered in whole or in part by a grant from the Michigan Strategic Fund.

BBC is conducting several educational training sessions to explain its MAP. Lisa Kurek, BBC managing partner, will present, “Why is the Government Giving $$$ to For-Profit Companies???,” an overview of the SBIR/STTR Program and BBC’s MAP, on Feb. 28 from 5 to 7 p.m. at Ann Arbor SPARK. The program can be viewed via streaming video through the Ann Arbor SPARK website, and will also be available on the BBC website following the program. In addition, BBC will train Incubator coaches in identifying and qualifying candidates for SBIR/STTR funding during the Michigan Business Incubator Association meeting in Grand Rapids on April 18. A webinar on the same topic will be held on May 16 at 10 a.m.

View other BBC training sessions at: http://www.bbcetc.com/training.html

BBC-assisted proposals have a success rate 2-3 times the national average across several federal agencies. BBC clients have been awarded over $100 million in funding since 2002. Through training
courses and one-on-one consulting, experienced and passionate BBC staff members guide client companies through the entire entrepreneurial continuum of proposal preparation, grant management, commercialization and business planning and obtaining follow-on funding.

MBIA Template 1 - February 2012

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