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Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business...

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Incubators and Accelerators
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Page 1: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

Incubators and Accelerators

Page 2: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

Ideas to Market

Proof of Concept

Product DesignIdea Generation

Commercial Launch

Co-Working

Tech Parks

Accelerators

Incubators

SALES

Page 3: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

Similarities

Early Stage Companies

Provide Mentoring

Greater chance of company survival

Location to work

Differences

Incubators longer term

Most Accelerators provide some investment

Incubators vs. Accelerators

Page 4: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

Business Incubation

Manoa Innovation Center (MIC) Maui Research & Technology Center (MRTC)

72 tenant and virtual clients

95 graduates (since 1995)

Incubated companies survival rate is 87% Non incubated 50%

Page 5: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

What is an Incubator?

Assists startup companies to grow & mature Graduated rent fees

Flexible lease terms

Shared common areas

Mentoring services

Workshops and Seminars

Introduction to important resources

Community of like minded people

Page 6: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

What is an Incubator?

Application Process

Technology focused, Business Model, Market Driven

Present to review committee for admittance

Sign leasing agreement

Tenant & Virtual clients

Graduation

1 to 2 years for software

3 to 8 years for technology intensive companies

Page 7: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

Accelerators

4 in Hawaii XLR8UH Blue Startups GVS Transmedia Accelerator Elemental Excelerator

Each have different focus Different entry requirements Offer different investment opportunities All nationally recognized

Page 8: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

(Pronounced “AccelerateUH”)Founded in 2014 as a public-private partnership between

Sultan Ventures and the University of Hawaii.

Award Winning Nationally Recognized Startup Investment Program

Page 9: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

XLR8UH Funding Tracks

Proof of Concept$25k Investment

Phase I

Phase IICommercialization

$50k Investment

15 Week Accelerator Program Empowering University of Hawaii Entrepreneurs (Students, Faculty, UH IP, Alumni, etc.)

Follow On

Investment of up to $100kAvailable to Phase I & Phase II

Companies

Page 10: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

XLR8UH FOCUS

EDUCATIONThe foundation of our program. We believe the Lean Startup Methodology

coupled with personalized workshops and development are key to a startup’s success.

MENTORSHIPWorking with experts and trusted advisors

is invaluable. From investor relations to a

primer on IP, our mentors always deliver.

NETWORKShare experience and

ideas with other entrepreneurs as you build connections

locally, nationally and globally.

CAPITALUp to $175,000 in funding available.

Over $1M available in additionalresources.

Page 11: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...
Page 12: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...
Page 13: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...
Page 14: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

1v

A CREATIVE COLLECTIVE

honuastudios.com 808.339.7553

Page 15: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

4Co-workspaceMembership comes with a workspace, access to a menu of Honuaamenities, internet and most importantly - free surfboard storage.

Page 16: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

6

WorkshopsWith A-list professionals coming from all corners of the world, Honua Studiosoffers world-class workshops, Q&A sessions and one-on-one visits with leadingindustry professionals throughout the year.

Page 17: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

8

R&D Center for Innovative Tools and CreativityUsing cutting edge, state-of-the-art technology, you can connect point-to-pointto over 450 studios across three continents with our burstable private fiber.

Page 18: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...
Page 19: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...
Page 20: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

It is exciting to be in an incubator or accelerator!

Community building of like minds

Access to experts

Educational

Greater chance for company success

Many companies take advantage of multiple programs

Summary

Page 21: Incubators and Accelerators - InvestHawaii · 2017-05-09 · Incubators vs. Accelerators. Business Incubation. Manoa Innovation Center (MIC) Maui Research & Technology Center ...

Questions?

Mahalo

Cindy Matsuki

HTDC

[email protected]


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