Establish Your Objectives
The structure of the incubator in terms of organizational and operations wise should reflect the needs of the university, the target group which acts as clients, the type of research findings/technologies and the target market. The key questions that need to be addressed are:
- is it whether to provide researchers with resources to improve research findings/new technologies or to generate licensing revenues from industry partners?
- is incubator designed for commercialization of academic IP that is non patentable or too early for the market?
- is it designed to develop student entrepreneurial skills or to bolster university’s standing in the industrial world