Hi-Tech Nanotechnology Business Incubator
The nanotechnology business incubator would provide new and emerging technology and compatible businesses with an environment that would support their start-up phase and increase their likelihood of success. The proposed incubator includes facility space, flexible leases, shared use of common office equipment, direct business assistance and guidance, mentoring, networking to capital, and other technical resources. A network of existing resources in the community would be developed to support incubator client needs.
The ORB Incubator facility would be 75,520 total square feet with a mix of office, lab space, state of the art nanotechnology systems distributed across patch clamping facility, microscopy facility, cell culturing facility, pharmaceutical training facility, semiconductor facility and design facility. ORB Incubator will be sited within the Harlow Enterprise Zone. This would allow the incubator's facility and staffing to be creatively structured to take maximum advantage of its location. Approximately sixty to eighty clients at a time would be served within the ORB Incubator.
ORB Incubator graduates commercialise technologies, create jobs, and strengthen local economies.
Business incubators accelerate the successful development of entrepreneurial companies through an array of business support resources and services. A business incubator's main goal is to produce successful firms that leave the program financially viable and freestanding.
Critical to the definition of an incubator is the provision of business assistance that comes in the form of management guidance, technical assistance, and consulting tailored to young, growing companies. Incubators may also involve facilities and facility-based services that provide clients with appropriate rental space and flexible leases, shared business services and equipment, technology support services, and assistance in obtaining financing necessary for company growth. Business assistance and facility-based services are described in more detail below.
ORB Incubator accelerate emerging companies' development by providing hands-on assistance during vulnerable start-up years. Assistance typically takes the form of a package of business and technical support services including guidance and mentoring on business strategy, management, marketing, financial, legal, and product development issues as well as facilitated exposure to a ``know-how network`` of outside business resources and sources of capital.
Locating entrepreneurs in one facility creates opportunities to lower costs associated with supporting a new business. ORB Incubators provide office space to a number of complementary businesses. ORB Incubator offer flexible leases, shared use of conference rooms, reception and other common areas. ORB Incubator provide emerging businesses with an infrastructure of telephone, local area network and Internet services along with shared use of basic business equipment.
Technology Centre & Team
Technology centre is an important part of the ORB Incubator by providing nanotechnology systems distributed across different laboratories, spectroscopy suit and cleanroom alongside team of 30 technicals and executives at ORB with extensive knowledge who are available to assist start-ups. This would allow the incubator's facility to be creatively structured to take maximum advantage of its location. The technology sector typically provides rapid employment growth and higher wage rates.
ORB Incubator can give a new company a much-needed visible identity to help promote its offerings and find funding or investment capital.
Technology firms serve broader markets, which would import wealth into the area. European union has experienced modest, steady growth in the technology sector. Additionally, the EU has demonstrated increased research activity and is generating more commercialsable technology in biosciences, human development, advanced materials, information technology, electronics, photonics, electrical systems, high value manufacturing and nanotechnology and is creating more opportunity to transfer technology to start-up companies locally. European Commission Enterprise Directorate General suggest technology business incubation promises to provide the greatest long-term economic benefit, rapid employment growth and higher wage rates.
ORB's Incubation program would provide the greatest short-term benefit. This service would serve 60 existing small and medium- sized manufacturing businesses at a time and 20 new ventures. Our services focus on assisting businesses that serve broad national or global markets and have potential for significant growth. ORB Incubator will be identified Lane as a strong candidate for developing and administering the service-based incubation program and generating knowledge and wealth by innovations.
A key directive from our advisory committee was to ensure that the business plan take a realistic view of UK and EU unique challenges. Additionally, there was strong sentiment that the business planning process should narrow the range of alternatives possible for business planning and focus on an actionable plan.
Discussions with key stakeholders and mentors during the business planning process revealed that efforts to support nanotechnology related economic development activities (a clean industry with very high growth potential) appear likely to engender broader-based support and achievements than a project based solely on manufacturing.
The primary focus of ORB Incubator is a pathway to action to develop a facility-based incubator for a mixed range of technology-based start-ups. However, the plan can accommodate access to the incubator for compatible manufacturing start-ups and providing services to external organisations and governmental sectors.