Business Incubator for Rural Entrepreneurs - PowerPoint PPT Presentation

Loading...

PPT – Business Incubator for Rural Entrepreneurs PowerPoint presentation | free to view - id: f6776-ZDc1Z



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Business Incubator for Rural Entrepreneurs

Description:

Site visits to 10 vocational colleges in 5 regions ... Batik (2) - Glass painting - Soap carving. 20. Applicants. Incubator Clients. 18. Incubator Clients ... – PowerPoint PPT presentation

Number of Views:93
Avg rating:3.0/5.0
Slides: 35
Provided by: kenaninst
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Business Incubator for Rural Entrepreneurs


1
Business Incubator for Rural Entrepreneurs
  • October 4th, 2007
  • Hanoi, Vietnam
  • Wichai Saretawekul
  • Program Manager
  • Kenan Institute Asia

2
Topics
  • Background
  • Project Information
  • Objectives
  • Processes
  • Key Achievements
  • Lessons Learned
  • Challenges

3
Background
  • Be awarded infoDev grant in 2004
  • Planning Phase for a business incubator in
    Thailand
  • Partnered with the Office of Vocational Education
    Commission (OVEC)

4
Background (cont.)
  • Site visits to 10 vocational colleges in 5
    regions
  • Provision of business incubation seminar,
    business plan workshop, and incubator manager
    training

5
Project Information
  • In 2006, K.I.Asia was awarded the second grant
  • Implementation phase for a pilot business
    incubator in Thailand
  • Planning phase for pilot business incubator in
    Laos and Cambodia
  • Partnership with Lao National Chamber of Commerce
    Industry and Siem Reap Chamber of Commerce
  • Selected one vocational college for a pilot
    business incubator

6
Business model
7
Project Information (cont.)
  • Suratthani Vocational College

Source http//www.mapsofworld.com
8
Project Information (cont.)
  • About 645 km. by road from Bangkok
  • Occupies an area of approximately 12,891.4 sq.
    km.
  • Most incomes depend on agriculture, services and
    trade respectively.
  • Per Capita GPP was shown 97,936 baht in 2005.

9
Why Suratthani Vocational College?
  • Strategic Location
  • Full of facilities and experimental equipment
  • ICT supported
  • Strong network with government agencies, private
    enterprises, and local community

10
Why Suratthani Vocational College?
  • Quality human resources
  • Well-known in the community due to its long
    establishment
  • Achieves plenty of academic awards

11
Objectives
  • To be a pilot business incubator for vocational
    colleges in Thailand.
  • To assist vocational school graduates and rural
    community members to succeed in realizing their
    goals of starting a successful business.

12
Objectives (cont.)
  • To assist needy, aspiring entrepreneurs who
    typically lack the funds to implement their
    business plans.
  • To educate them on best business practices and
    promote and implement ICT skills.

13
Objectives (cont.)
  • To strengthen local capacity within business
    incubator and rural community to promote
    ICT-enabled innovation and the appropriation of
    ICT, both hi- and low-tech.

14
Management Model
K.I.Asia
Incubator Clients
Incubator Managers (3)
Business Incubator Management Team
15
Processes
Pre Incubation Period
Preparation Period
Incubation Period
16
Processes (cont.)
Preparation Period
Incubator Management Team
Business Incubator
17
Process (cont.)
Food (3) - Thai style crab cakes steamed
fish curry cake - Herbal/Cereal beverage -
Pastry
Craft (4) - Batik (2) - Glass painting
- Soap carving
20
12
Incubator Clients
Service (5) - Thai massage - Graphic
design - Flower arrangement (3)
Applicants
18
Incubator Clients
19
Incubator Clients
20
Incubator Clients
21
Processes (cont.)
Pre Incubation Period
Orientation
Business Plan Training
22
Processes (cont.)
Incubation Period
Monthly Meeting
Incubator Clients Visit
Kasetsart University Business Incubator Center
Chulalongkorn Business Incubator
23
Visit of Deputy Minister of Education
24
Key Achievements (Incubator Clients)
  • Better understanding of needed business skills
  • Improved ICT/computer skills in related to
    product design
  • Improved technical skills
  • Reduced production costs
  • Raised clients confidence

25
Key Achievements (Incubator Clients)
  • Significant increase of customers
  • Increase of average monthly income
  • The brand name and product packaging has been
    created
  • Network with other incubators clients in the same
    business type

26
Key Achievements (Incubator Clients)
27
Key Achievements
  • Close cooperation with OVEC
  • Increased internal capacity of K.I.Asia and
    vocational college
  • Networking with organizations in Thailand and
    internationally
  • Incorporated ICT use into the business model
    which targets rural communities

28
Lessons Learned
  • Networking and cooperation are fundamental to an
    effective incubator
  • Seminars and trainings are crucial
  • Even in a fully supported incubator, it is vital
    to charge tenants some fee to ensure commitment

29
Lessons Learned (cont.)
  • An incubator manager must have support from the
    community
  • ICT utilization must be implemented from the
    early stages of an SMEs growth
  • The right incubator manager is essential to
    success

30
Lessons Learned (cont.)
  • The government needs to be informed about the
    benefits of business incubation and how to
    properly measure its effects

31
Challenges
  • Make entrepreneurs understand what the business
    incubator is and how it can assist them.
  • Analyze what the community and each entrepreneur
    really needs.

32
Challenges (cont.)
  • Persuade entrepreneurs to utilize technology and
    ICT in their business.
  • Ability of the business incubator to sustain
    itself.
  • Entrepreneur lacks personal economic resources,
    business literacy/education

33
K.I.Asia Partners
34
Thank You
  • Kenan Institute Asia
  • Partnering for Sustainable Development
  • Email wichais_at_kiasia.org
About PowerShow.com