Wednesday, November 19, 2014 11:30am - 2:00pm
Exclusive events for incubator managers and invited guests: Incubator Roundtable #3
Financial Sustainability Planning for Incubators: Innovative Approaches to Generating Revenue
with Carol Kraus Lauffer, Business Cluster Development, Portola Valley, CA
Quincy Center for Innovation, Quincy, Massachusetts
Incubator managers spend about 50% of their time seeking funding to support their programs and often pursue the same funding sources year after year. Best practices state that incubators should develop multiple revenue sources, but how can you find new sources when many new players have entered the ecosystem and compete for funds, funders prefer to seed new projects and not support operations, and increasingly, entrepreneurial services and products are available for free?
Carol Lauffer, Partner at Business Cluster Development and former Chair, NBIA Board of Directors, will share proven, innovative approaches to diversifying incubator revenue and attracting new funding sources. Together, we will brainstorm solutions that will help to set your program on the path to sustainability.
Business Cluster Development (BCD) is a recognized leader in the planning and development of sector-focused incubation, acceleration and technology commercialization programs for universities, corporations and communities. BCD also consults with operating incubators on financial sustainability, management and operations. Ms. Lauffer is a trainer and frequent speaker at NBIA and the International Economic Development Council (IEDC).