Multi-Platform Developer Workshop
TIH, Pretoria
03 October 2012
Incubation Support for Innovative Incubation Support for Innovative Incubation Support for Innovative Incubation Support for Innovative
CompaniesCompaniesCompaniesCompanies
Ndwakhulu MukhufhiGM: Incubation and Skills Development
1
Presentation Layout
Brief overview of the Innovation Hub
The Maxum Business Incubator
The TIH Innovation spaces and support programmes
Precinct Companies
Introduction:Gauteng Province - R&D Context
The Innovation HubOverview
Striving to be the focal agency responsible for catalysing innovative solutions to the social and economic challenges of Gauteng
� GP Dept. Economic Development & Gauteng Growth & Development Agency subsidiary� located in Knowledge Axis in Tshwane, Pretoria
� Science & Technology Park (IASP) � Catalyst for socio economic development� competitiveness of associated businesses &
knowledge-based institutions
� Support growth across Sectors e.g. ICT, Green Economy, Biosciences, Industrials� Skills Development and Entrepreneurship� Value Addition to existing businesses� Catalyse R&D Commercialisation� Attractive spaces - emerging knowledge workers� Enhance synergy within innovation eco-system
INNOVATION CENTRE(4 102 bulk m2)
• Management company• Incubation• Restaurant
• Conference venue
ENTERPRISE BUILDING(8096 bulk m2)
• Multi-tenant building• Meeting rooms
The Innovation Hub: Innovation Spaces + Innovation Support Programmes
The Innovation Hub Skills Development and Entrepreneurship Programmes
CoachLab: Skills Development and enabling Job Creation
Maxum: Technology and Business Incubation Support
� 9 month ICT PostgraduateLeadership Programme incollaboration with industry
� Bridging gap betweenacademia and Industry
� Green and Biosciencesprogrammes being developed
� Technology Business Incubatorto fast track the establishmentand growth of early stagetechnology and knowledgebased businesses
� Pre-incubation and businessincubation
Gauteng Innovation Competition: Fostering Service Delivery
� Platform to source localinnovations to address governmentservice delivery challenges.
� Prize money used as seed capital togrow enterprises from innovations.
� Procurement of innovations forgovernment service deliverychallenges
Gauteng Accelerator Programme - Biosciences: Entrepreneurship
� Collaboration between EmoryUniversity, Atlanta, Georgia &The Innovation Hub,supported by Department ofScience and Technology
� Biosciences skills andentrepreneurial development
� Supporting BioPark Program
� mlab Southern Africa
� Climate Innovation Centre– Access to Finance– Technical and Business Advisory– Policy Advisory Services– Access to Facilities– Enabling Ecosystem
An initiative of the Gauteng Department of Economic Development, South Africa and infoDev
The Innovation Hub Skills Development and Entrepreneurship Programmes
Fast trackinnovation in
region by finding global partners,
markets, suppliersnot available
locally
Improves connections between local companies,
regional universities,…
Connect solution providers and seekers from
the region
Grow local economy with
global deal making
Engage OI market to find solutions for
challenges posed by regional innovation
seekers
Providing a worldwide R&D
platform that could be
leveraged to leapfrog R&D-poor regions
The Innovation HubOpen Innovation Exchange – Platform for Stimulating Innovation
Connecting Gauteng Innovation Eco-system
Entrepreneurship Support Programme
Money
Research
KnowledgeInnovation
Commercialisation
SCIENTISTS
Entrepreneurs
Process Overview
Problem ResearchCommercialApplication
Market
Valley of Death
Innovation and Commercialisation
Idea
The Maxum Business Incubator (Bridging the valley of Death)
The Magical Triangle
Innovation
What is desirable to
users?
What is viable in the
marketplace?
What is possible with Technology?
INNOVATION
Maxum Overview
� A Technology Business Incubator whose aim is to fast track the establishment and growth of early stage technology based businesses.
9 Months 12 Months3 years
Fact Sheet
� Sectors: TIH focus areas
� 84 Companies established since 2001
� Member of SABTIA, NBIA
� Capacity – 26 Pre-Incubation� 40% graduation into incubation � 10 companies annually
Criteria and OfferingsPre-Incubation Incubation Post Incubation
Stage 1:Assessment & Screening
Stage 2:Business Plan Development
Stage 3:Assessment & Screening
Stage 4: Business
Growth/Development
Stage 5: Assessment
Stage 6: Tenant
Assessment for :• Technology fit
with TIHMC clusters
• Entrepreneurial aptitude
• Business concept viability
Training:• Business coaching
and mentoring• Business
registration assistance
• Entrepreneur training workshops
Value Added Services• Hot desking• Phones• Photocopier• Meeting rooms• IP Management• Market Research
Reports
Assessment for:• Technology fit
with TIHMC clusters
• Viability of Business Plan
• Income generated • IP Management
strategy• Potential to
capture a niche market
Training:• Business coaching
and mentoring• Back office
supportValue Added Services• Affordable office
space with internet connection
• Assistance with access to funding
• Meeting rooms• Access to TIHMC
networks• IP Management• Market Research
Reports
Assessment for:• TIHMC Cluster fit• Business
Operations• Growth Potential• Potential to
capture a niche market
Training10 hours business coachingValue Added Services• Assistance in Fund
raising• Participation in
Maxum networking events
• Access to Maxum mentor networks
• Access to TIHMC IASP networks
Gate 1:Acceptance Letter
Entrepreneur Development
Gate 2:
Business ModelBusiness Plan
Gate 3:Lease Agreement
Business Development Plan
Gate 4:Profitability attained
Increased customer base
Gate 5: Lease
Agreement/Virtual Post Incubation Agreement
Gate 6:Business Growth
Offer Specific to Developers� Hot Desking (R200/month)
– Subsidised rental in Incubation
� 10 hr Mentorship per Quarter (Experienced Entrepreneurs)
� Linkage to Universities & RI� Free Broadband connectivity (SANREN)� Linkage to mlab� Linkage to Start-up support fund� High Tech Environment in which to operate
The Value of Mentorship
� One of the key factors examinedin the Startup Genome Report’s research was the role of mentors.– Data from 650+ startups was
analyzed, including 160 funded companies
– Fundraising across the four stages of development in their model was examined
– The role of mentors was one factor examined and the message is clear…
No mentors = no money raised when needed to scale
The Innovation HubPrecinct Companies
ICT & EngineeringCluster
The Innovation HubPrecinct CompaniesBiosciences & Green Cluster Innovation Support & Consulting
THANK YOU
Thank You