When we went deeper into what existed in the entrepreneurial market, we found that there were multiple solutions, which we can classify according to their business approach:
- Directed incubation models, with sectoral, economic and opportunity filters:
- Corporate Incubators. – A Corporation creates incubation programs in which it gives entry to “Ideas related to its business”, where it creates a more or less adequate breeding ground for these ideas to be developed; if the ideas end up becoming viable projects, the Corporation acquires the idea and incorporates it into its business. To put it in some way, they represent the outsourcing of entrepreneurship.
- Business Incubators. – In which, after a selection process and matching its own criteria, the incubator helps with physical space, methodologies, contact with other entrepreneurs and access to a linked investment fund, which will take part in those ideas that are the most interesting.
- Team Incubators. – Similar to the previous ones, but in this case, the incubator recruits teams to put them to work on the ideas, normally from the incubator itself; if one of them results viable, the incubator (or the fund behind it) keeps a significant part of the project as compensation for the resources provided.
- Public incubators, designed to promote local entrepreneurship, generate employment and promote, in some cases, certain industries. Its own local conception constitutes the main limitation for those who are in these incubators and above all for all those who are outside their scope.
- Facilitation models, aimed to provide the entrepreneurs with the methodological and organizational knowledge necessary to create a business
- Entrepreneurship programs (courses, masters, and public programs). Focused on providing the entrepreneur with knowledge about entrepreneurship so that they can later start them up
- Companies that provide services to entrepreneurs, which provide a set of tools, advice and consultancy in exchange for a cost
- Collaboration models
- Associations of Entrepreneurs, which seek to connect different entrepreneurs. With very varied operations, the main problem is that the connected entrepreneurs usually have the same needs and there is no complementarity between them, which is essential for a collaboration model to work.
- Tech-transfer programs, aimed at introducing the results of research from university technical departments into the market and converting them into economically viable and profitable projects or focusing on direct use of the knowledge of university departments and making it profitable in the business world.
- Crowdfunding platforms, which give access to very specific projects to a group of private investors, normally very limited conceptually and economically. Although the theoretical model has no limitations, reality imposes very strong restrictions on both ends of the model: entrepreneurs and individual investors.
- Mentoring Programs, which connect expert advisers on different topics with entrepreneurs, normally free of charge and, in this case, with a totally collaborative spirit.
Having the needs and the solutions provides by the market, we asked ourselves which are the matching between them, as you can discover in the next article
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