Business Incubator Operation Assessment

Let’s put all the pieces together

Business Incubator Operation Assessment

Let’s put all the pieces together. Team IOTA will conduct a forensic review of your incubator to evaluate its present state, efficiency and effectiveness. Let Team IOTA assist you in reaching your maximum potential. First step will be a two day, on-site, visit and collaboration. It will conclude with a written report and presentation given including recommended “Next Steps”. Ongoing mentoring after the assessment is also available.

Below are some of the topics on the IOTA Assessment checklist:

REVIEW YOUR FEASIBILITY STUDY
Reality Check (review of study, an evaluation / comparative, then and now)
MANAGEMENT KNOWLEDGE AND CAPACITIY
Overview Analysis of Manager experience, vision and capacity
BOARD KNOWLEDGE AND CAPACITY
Working Board vs. Advisory Board
STAFFING
Staff quality, quantity and capacity
REVIEW POLICIES, PROTOCOLS AND PROCEDURES
Review Standard Operations Manual
Review Tenant Policies and Documentation
Review Tenant Handbook
REVIEW BUDGET PROCESS AND STATUS
Day-to-Day Operations
Reserve and Sustainability Budgeting
TENANT ATTRACTION AND MARKETING
Basic Attraction Planning Overview
FACILITIES
Review Day-to-Day Management Process and Accountability
Maximization of Space Utilization Overview
MENTORING
Mentor team availability, functionality, knowledge and capacity
REVIEW SELF MONITORING PROCESS
Incubator Effectiveness Monitoring Process and Metric
Incubator Value / Return on Investment Metric
Client Evaluation of Value Adds Effectiveness Metric
Incubator Accountability Metric
Program Goals and Objectives Assessment

It made me feel that we can be successful. This is not the impression received from the other workshop I attended.”

Attendee

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“It was educational. Giving a methodology or a step-by-step guideline to do a feasibility study is worth a lot.”