Involve Alumni in Supporting Start ups

Project information

Index: 1127R4
Acronym:InCompass
Priority:1: Innovation and the knowledge economy
Sub Theme:Entrepreneurship and SMEs
Location UNITED KINGDOM LONDON Camden Outer London Start/End date of the practice
Start: 2010
End: Current

Topic of the practice

Support to SMEs

Good Practice Information

Incubatee companies that are successful and leave the incubators can be a valuable resource for the incubator. They may be involved as mentors or coaches, in networking activities or even, possibly, as sponsors. Many incubators recognize the potential of having a community of alumni, but few actively keep track of start-ups leaving the incubator.
MINC and Camden Collective are among the few that stay in touch with former incubatees. This is also true for incubators based on a membership model, such as Company Care and CIDA. In these cases, this proves to be a viable model to let former incubatees pay a fee in return for the use of certain facilities and services.

Evidence of success

Creation of sustainable start up businesses. In Camden, 90 businesses are supported per annum. 20 jobs were created from one alumni business who was supported to win a contract from Ted Baker.

Contact details to obtain further information on the practice

Matt Peacock

MPA

info@mattpeacock.co.uk

camdencollective.co.uk/

Annex completed on: 05-20-2015

As of 31 December 2015, this website is no longer updated. Follow news on interregional cooperation at www.interregeurope.eu