Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
Technology Incubation Programme for Development of Sustainable Entrepreneurial Skills in Developing
Explain your idea in details:
Expected Impact of Technology Incubation Program The benefits of TIP (when best practices are employed) to the different stakeholders include For the Entrepreneurs: It enhances the chances of success, raises credibility, helps improve skills, creates synergy among client-firms and facilitates access to mentors, information and capital a) For the Government: It would help overcome market failures, promote regional development, generates jobs, incomes and taxes and becomes a demonstration of political commitment to small businesses b) For the Research Institutes and Tertiary Institutions: It helps strengthen interactions and collaboration between the knowledge-base and the industries, promote the commercialization of research results and fosters enabling environment which encourages Faculties and students to maximize their potentials/capabilities c) For the Local Community: It enhances the creation of entrepreneurial culture as well as local incomes and jobs with majority of graduating businesses settling within the area. Technology Incubation Programme scheme Pre-incubation: Pre-incubation is for a period of 6 months covering the activities of the entrepreneur prior to admission into the 3-years incubation programme. The activities include admission mentoring, business planning coaching etc. Incubation: when an entrepreneur admitted into pre-incubation successfully completes the six months pre-incubation, he/she may be admitted into the Resident incubation in which the entrepreneur is allocated an incubation unit at the Technology Incubation Centre (TIC) for a maximum of 3years or Non- Resident incubation (virtual incubation) in which incubation services such as access to knowledge providers, finance, linkages/networking etc are extended to the entrepreneur outside the TICs. Post-incubation: Entrepreneurs under the programme graduate after 3 Years. To ensure survival and sustained competitive growth of graduates some intervention measures are required. These include: a) Establishment of a technology park as integral part
Expected impact of your idea on sustainable development
Expected Impact of Technology Incubation Program TASK In order to realize successfully a project, certain activities should be fulfilled, such as: State analysis interest and demand for establishing technology incubation should be analysed from the side of entrepreneurs and small enterprises, as well as their willingness to be part of this kind of support; Defining partnership in financing technology incubation - in order to have stable technology incubation, it is neccessary to define partners in project forming, financing obligations, and also independence of incubion management from financiers. Location selection of space/object it is very important to select right space for incubation location. It should be near infrastructure facilities, and potential clients too. Management establishmentestablishing qualitative management/management team is of high importance for »feasible« functioning of the incubation. Management/management team has to be independent from each influence that has not business nature. Making business plans for functioning the incubation business plan should precisely define rules of incubation operations, offered services, conditions for entering and leaving the incubator KEY SUCCESS FACTORS FOR TECHNOLOGY INCUBATION PROGRAM It is important to note several key success factors for technology incubation program: 1) A technology incubation manager or resident business advisor who is properly experienced and/or qualified to provide marketing and business planning support to small owned managed businesses 2) A selection policy that focuses on business starts or small businesses most likely to offer employment growth quickly 3) An exit policy that clearly identifies when successful enterprises must move on 4) Occupancy rules requiring poor performers to leave the incubation immediately 5) Clear ownership of the premises used for the incubation for an extended period of time (5-10 years) 6) Appropriate infrastructure, including utilities and telephone connections, available to all tenants 7) Strong support from local institutions 8) A committed staff team.
Plans for implementation and sustainability
The services and facilities provided in the TICs for the development of entrepreneurial skills to the SMEs are Business planning and skills development: The TICs provide training in business planning and skills development in order to help its tenants to overcome the common barriers to start-up, survival of their products and to attract investor who may be willing to invest as business partner in the tenants businesses. The Centre provides a range of business planning advices and basic business skills training such as preparation of business plans, financial documentation, market research, feasibility studies for business development, management skills training etc. Business training: is offered in the TICs include management skills training, marketing skills training, knowledge transfer etc. Business information services: The TICs provides its tenants with information such as tax information, information on new innovations and technology, intellectual property rights, information on financial sources etc. ICT facilities: The Centres are equipped with ICT facilities such as access to internet, design of website, e-mails, e-library etc. Seminars: The TICs usually organize seminars on topic of special interest such as emerging technology, entrepreneurial skills or any other topics based on the needs of the tenants and invite guest speakers to deliver lectures on the topic. Professional consulting services: The TICs also provide professional consultancy services to individuals intending to start their business. These services include basic advisory services such as marketing advice, legal advice, financial advice etc. Financial networking: The TICs establish and maintain relationships with a network of banks, funders, associations, investors, government agencies to acquire capital, grants, loans, equity etc for the tenant companies.
I was born on Oct 8 1987, Tunji Alabi graduated from University of Ilorin with a degree in Geology. He is also the Project Manager for all each sector contracts. It is his proven extreme attention to detail and commitment to these contracts that gets the awards time and time again. He has three years of experience as a Computer (hardware & software) engineer, and one year experience as a Database Administrator and Data analysis Spreadsheet. Tunji Alabi is a Microsoft Digital Literacy Certified, Cambridge Certified Hardware Associate (CCHA) Engineer. I have attend a program that was organized by Central Bank of Nigeria (CBN-EDC) Entrepreneurship program, and the program is based on three core objective ENTERPRENEURSHIP, LEADERSHIP AND MANAGERIAL SKILLS, and also I have attend a program organized by Bank of Industry, and which was based on TRAINING To TRADING on Gemstones as an Entrepreneur, I have participate in youwinconnect online program, which is based on ENTERPRENEURSHIP, MANAGERIAL and LEADERSHIP SKILS, and also I have attend a program that was organize by Accelerate Lab powered by Microsoft which is also base on ENTERPRENEURSHIP, LEADERSHIP AND MANAGERIAL SKILLS. I have attend the South-West Regional E-Commerce Summit & Expo.