The key factors in the admission process of tenant companies in incubators
Subject Areas : Science and Technology Parks and IncubatorsHamid Mahdavi 1 , Mahmood Sheykh zeynaddin 2 , Fakhreddin Ashrafi zadeh 3
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Keywords: Incubator, knowledge-based business, admission process,
Abstract :
The admission process in ISTT, which has been formed during 6 years, is performed based on three key factors that have been defined in this paper. These factors include a business plan, a technology-based business idea, and the entrepreneurial team. The initial admission process that was done based on trial and error, is now consist of information, negotiation and interview, filling the forms, consultation, correcting the forms, submission of documents, initial investigation, determining the judges, technical and economic interviews, filling the judgment forms, second investigation, analysis and final decision-making in admission committee. The Admission Committee practices the policies defined by ISTT's scientific council and leads the companies toward ISTT objectives. In all stages of admission and assessment process, there is an atmosphere of training and improving, instead of only competition and selection. Even those companies that will not be accepted in the admission process, they will learn and be guided to remove their shortcomings. In most cases the view of all the members of the admission committee are similar and at the same level, and this makes the final decision making easier. The presence of two judges, one with a technology approach (scientific), and the other with an economic approach (familiar with market), among the members of the committee is a determining factor in selecting applicants for settlement in the incubator. Although this current admission trend is based on the general global experiences of other incubators, it has not drawn directly from a single model. It has been completed gradually based on the realities and conditions of the region
