On Jul 25, 11:33 am, Hari Hari Mau <harimau....@[EMAIL PROTECTED]
> wrote:
>
> I am helping my local state government in starting a local
> techno-preneur incubating program.
Why don't you help your state government to NOT start it? There were
multiple attempts to do this in the past and they invariably ended up
in spectacular financial failures. The vast majority of business
incubators today operate as non-profits and are able to keep their
doors open only through grants and subsidies. It is, of course,
entirely possible that your government does not have a financial
motive, but if it does, you should tell them that they are not likely
to realize any financial gains from doing this.
If the government is still hell-bent on doing it, borrow a page from
the U.S. Small Business Administration playbook. The SBA does not
invest directly; instead, it invests with professionally managed
equity or debenture funds (SBA certifies them as Small Business
Investment Companies, or SBIC), and only after they raised some funds
(usually, at least a few million dollars) privately. When such
managers contact the SBA to raise additional money, the SBA may invest
with them up to $2 for every $1 they raised privately.
> As this is the first ever such program for me, and also for
> the local government, we are studying cases of other similar
> business incubators that were offered in other countries.
Take a look here:
http://www.nbia.org/
> What indicators could tell us the performance of a
> technologically oriented company?
That depends on the exit strategy -- IPO, sale to a strategic buyer,
or operating for dividend...
Cheers,
NC
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