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Incubator Presentation

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This document summarizes the successful business model of the Business Incubator Center in Grand Junction, Colorado. It outlines 6 key factors for their success: 1) Utilizing economic downturns to their advantage, 2) Understanding the local market opportunities, 3) Creating synergies between multiple revenue streams and partnerships, 4) Emphasizing location is not essential for success, 5) Fostering an entrepreneurial mindset, and 6) Having an estimated economic impact of over a quarter billion dollars since 1987.

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A Successful Business Model for Incubators
Business Incubator Center Grand Junction, Colorado Chris Reddin, Director
Timing is everything. Know your market. Synergize. Location, location, location. Endurance requires an entrepreneurial mindset.
1. Timing is Everything Utilize the benefits of an economic downturn. "Black Sunday" occurred on May 2, 1982 when Exxon pulled out of oil shale in Western Colorado. Western Colorado Business Development Corporation was founded in 1987
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2. Know Your Market Seek first to understand, then to be understood. (Habit 5 of Stephen Coveys 7 Habits of Highly Effective People ) What businesses are making money in this community?
Opportunities in Mesa County. Manufacturing Energy / Natural Extraction Construction Outdoor / Recreation Health Care
Grady Busse Action Publishing NBIA Outstanding Client Company 2005 Inc Magazine Top 500/5000 2007
Owners Tysen Manross, Daryl Becker, Larry LaMette
Owners Dan Wulfman & Sheri Ballard
Doug Conant Owner
Use what youve got: Peaches Wineries
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Doug and June Van Houten - Gourmet Chipotle Cooking Sauce
Lisa Stack - Owner
"Dude (ok, he might have not said Dude), you should put your cheesecakes in a jar!" Lee Mathis Owner
3. Synergize Create a whole that is greater than the sum of the parts. Multiple revenue streams are better than one.
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The Business Loan Fund of Mesa County Loaned more than $13.5 million. Leveraged over $50.5 million in additional capital. Funded more than 250 businesses. 95% client success rate.
The Business Incubator Program Graduated more than 200 companies. Demonstrated results in supporting the fastest growing local companies. Currently working with 45 clients on site.
Small Business Development Center 480 business education classes since 1996. 540 Leading Edge participants. 500 business clients per year.
The Enterprise Zone Incentives for business growth and expansion in targeted areas. Tax credits to encourage Community Projects with an economic development component.
Colorado Association of Manufacturing Technologies (CAMT) manufacturing support to clients CEDCO/Small Business Finance Corp a SBA 504 Lender Office Of Economic Development and International Trade Grand Valley Recreation Resources
5. Location, Location A less than desirable location can be your greatest strength. We can say with certainty the our clients are located at the Incubator because of the program and not because of the low-cost rent.
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6. Entrepreneurial mindset Generate revenue For fiscal sustainability For cultural alignment Offer a great product Be clear on what you are doing and for whom.
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The BICs indirect economic impact since 1987 is estimated to be OVER A QUARTER OF A BILLION DOLLARS in revenue. 1987
Thank you Chris Reddin [email_address] (970) 243-5242

More Related Content

Incubator Presentation

  • 1. A Successful Business Model for Incubators
  • 2. Business Incubator Center Grand Junction, Colorado Chris Reddin, Director
  • 3. Timing is everything. Know your market. Synergize. Location, location, location. Endurance requires an entrepreneurial mindset.
  • 4. 1. Timing is Everything Utilize the benefits of an economic downturn. "Black Sunday" occurred on May 2, 1982 when Exxon pulled out of oil shale in Western Colorado. Western Colorado Business Development Corporation was founded in 1987
  • 5. 油
  • 6. 2. Know Your Market Seek first to understand, then to be understood. (Habit 5 of Stephen Coveys 7 Habits of Highly Effective People ) What businesses are making money in this community?
  • 7. Opportunities in Mesa County. Manufacturing Energy / Natural Extraction Construction Outdoor / Recreation Health Care
  • 8. Grady Busse Action Publishing NBIA Outstanding Client Company 2005 Inc Magazine Top 500/5000 2007
  • 9. Owners Tysen Manross, Daryl Becker, Larry LaMette
  • 10. Owners Dan Wulfman & Sheri Ballard
  • 12. Use what youve got: Peaches Wineries
  • 13. 油
  • 14. Doug and June Van Houten - Gourmet Chipotle Cooking Sauce
  • 15. Lisa Stack - Owner
  • 16. "Dude (ok, he might have not said Dude), you should put your cheesecakes in a jar!" Lee Mathis Owner
  • 17. 3. Synergize Create a whole that is greater than the sum of the parts. Multiple revenue streams are better than one.
  • 18. 油
  • 19. The Business Loan Fund of Mesa County Loaned more than $13.5 million. Leveraged over $50.5 million in additional capital. Funded more than 250 businesses. 95% client success rate.
  • 20. The Business Incubator Program Graduated more than 200 companies. Demonstrated results in supporting the fastest growing local companies. Currently working with 45 clients on site.
  • 21. Small Business Development Center 480 business education classes since 1996. 540 Leading Edge participants. 500 business clients per year.
  • 22. The Enterprise Zone Incentives for business growth and expansion in targeted areas. Tax credits to encourage Community Projects with an economic development component.
  • 23. Colorado Association of Manufacturing Technologies (CAMT) manufacturing support to clients CEDCO/Small Business Finance Corp a SBA 504 Lender Office Of Economic Development and International Trade Grand Valley Recreation Resources
  • 24. 5. Location, Location A less than desirable location can be your greatest strength. We can say with certainty the our clients are located at the Incubator because of the program and not because of the low-cost rent.
  • 25. 油
  • 26. 油
  • 27. 油
  • 28. 油
  • 29. 油
  • 30. 油
  • 31. 6. Entrepreneurial mindset Generate revenue For fiscal sustainability For cultural alignment Offer a great product Be clear on what you are doing and for whom.
  • 32. 油
  • 33. The BICs indirect economic impact since 1987 is estimated to be OVER A QUARTER OF A BILLION DOLLARS in revenue. 1987
  • 34. Thank you Chris Reddin [email_address] (970) 243-5242

Editor's Notes

  • #2: Creating Successful Business Models for Incubators Achieving financial sustainability is a key goal for most incubation programs. During this session, presenters from Europe and the U.S. will describe successful incubator business models, explain methods for creating income streams and share best practices for establishing partnerships.