Involve Alumni in Supporting Start ups
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
Annex completed on: 05-20-2015