The Rutgers MBA Interfunctional Consulting Team and New Jersey Business Incubation Network (NJBIN) are currently evaluating the NJBIN business model. To ensure that we incorporate all aspects of New Jersey incubators, please take a few minutes to answer the following questions regarding incubators, clients, and NJBIN. Your participation is greatly appreciated. Name of Business Incubator Address:
Street, City, State, ZIP
What is your current relationship with the incubator? When was your incubator established? What is/are the primary function(s) of your incubator? (Please check all that apply) What are the main objectives of the incubator? Check all that apply. What is your incubator status? (Please choose one) Which of the following business services are offered through the incubator? Please check all that apply. Does the incubator have administrative support? Please list the administrative staff's responsibilities. Please list any external consultants that support the incubator. Please list the number of managers and/or staff at the incubator who have set up their own firms or worked in business. Please list the number of managers and/or staff at the incubator who have previously worked for public authorities/agencies or universities. Please list the number of managers and staff at the incubator who have previous experience advising start up firms. Please list the number of managers and staff at the incubator who have participated in training relevant to business incubation In the past 12 months, how many of the incubator's staff have attended an NBIA meeting? In the past 12 months, how many of the incubator's staff have participated in an entrepreneurial or business incubation conference? In the past 12 months, how many of the incubator's staff have participated in business incubation training? Which of the following entities contributed to the funding of the incubator? (Please check all that apply) Please list the top three annual incubator expenses. What is the incubator's total annual revenue? How do you promote the incubator? Please check all that apply. How many inquiries does the incubator receive from potential clients each year? How many of those inquiries does the incubator consider? How many of those considered are admitted into the incubator? How many businesses has the incubator assisted since it started operating? Prior to entering the incubator, how many of the current clients came from start up firms? Prior to entering the incubator, how many of the current clients came from a branch of an existing firm? Prior to entering the incubator, how many of the current clients came from a spin-off of a university or R&D program? Prior to entering the incubator, how many of the current clients came from a business situation other than those listed above? Please check all the criteria you look for in potential clients. Please rank in order of importance (1=most important, 6=least important) the following criteria for incubator admission. Client must have a business plan Client must have started the business (i.e. registered with NJ Division of Revenue, have an Employer Identification Number (EIN), etc.) Some financing must be in place Firm must have an innovative project Firm must demonstrate high growth potential Please rank the following attributes you believe are important to clients when pursuing admission to an incubator.(1=most important, 6=least important) Favorable location and image Quality, Price, and Flexible Terms for Incubator Space Availability of Business Support Services Opportunity to Network Ability of Incubator Manager to Connect Client to Resources (i.e. Marketing, Financing, etc.) Please check all of the industries represented by the incubator's current clients. How much space is available at the incubator? (sq. ft) What is the maximum number of client companies the incubator can hold? What is your current occupancy rate? (%) What is your current graduation rate? (%) Do you track graduates after they leave the incubator? What method (if any) does the incubator use to monitor the occupancy, graduation, and success rates? Please explain what criteria you use (if any) to gauge a graduate's success? Based on your criteria (if any), what is the current success rate of graduates who left the incubator three years ago? How does the incubator receive feedback from its clients and investors? Please check all the ways you monitor the performance of your incubator. How many of the incubator graduates have moved to the following areas: Within the Tri-State Area (New York, Pennsylvania) Please rank (1=occurs most frequently, 6=occurs least frequently) the reasons why clients have left the incubator in the last 12 months. Clients needed more space than the incubator could offer Fixed lease period Clients found better/less expensive services elsewhere Client's business development was stagnant or declining Business failed Please rank (1=most important, 7=least important) the following criteria you may use to consider releasing a client from the incubator. Fixed Time for Lease Clients leave when they need more space Clients leave when certain business objectives have been met Clients leave if they have not met certain business objectives Clients leave when they need additional services No set release criteria Please rank the main functions of the incubator managers. (1=most important, 6=least important) Incubator Affairs Management Providing Assistance to Incubators and their Clients Networking with Other Incubators and Business Support Organizations Community Outreach Seeks Funding for NJBIN, the incubators, and their Clients Please check the following phrase(s) you feel are relevant when describing the vision of NJBIN presently, and its future outlook. Please provide any additional comments or suggestions regarding the vision of NJBIN. How do NJBIN and the specific incubators cover their costs? Please check all that apply. Do you believe clients would utilize a health plan if one was offered by NJBIN? In what ways do you think that the New Jersey Commission on Science and Technology could better assist your incubator? Please submit any other comments or suggestions you believe are important for us to incorporate into the NJBIN business model. |
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