Bp-startup

BUSINESS PLAN FOR A TECHNOLOGY INCUBATOR
Lane County, Oregon

Submitted to the:

University of Oregon and The Lane County Business Incubation Group

Prepared by: KJ Smith Associates
Kathy Smith, Principal

March 2004

TABLE OF CONTENTS
Section 1.0 Title EXECUTIVE SUMMARY BACKGROUND…………………………………………………. 1.1 Business Incubation Overview………………………………. 1.2 Feasibility Study HighlightFindings………………………… 1.3 Focus of this Business Plan………………………………….. MISSION, OBJECTIVES AND BENEFITS…………………... 2.1 Suggested Objectives and Mission…………………………… 2.2 Benefits to Stakeholders……………………………………... ORGANIZATIONAL STRUCTURE………………………….. 3.1 Structure Alternatives………………………………………... 3.2 Governing Board…………………………………………….. 3.3 Staffing………………………………………………………. SERVICE OFFERINGS………………………………………… 4.1 DirectBusiness Development Assistance…………………… 4.2 Professional Network and Relationship Support…………….. 4.3 Educational Programs………………………………………... 4.4 Facility-Based Services………………………………………. CLIENT SELECTION………………………………………….. 5.1 Application Process………………………………………….. 5.2 Evaluation Criteria…………………………………………… 5.3 Graduation Policies………………………………………….. 5.4 Anchor Tenants………………………………………………FACILITY………………………………………………………... 6.1 Site Alternatives……………………………………………... 6.2 Size and Space Allocation…………………………………… 6.3 Additional Facility Recommendations………………………. IMPLEMENTATION……………………………………………. BUDGET AND FINANCIAL……………………………………. 8.1 Facility Development Budget………………………………... 8.2 Capital Expenditure Budget.………………………………… 8.3 Five-Year Operating Budget…………………………………. FUNDING SOURCES…………………………………………… 9.1 Potential FundingSources…………………………………… 9.2 Other Funding Sources………………………………………. APPLICATION OF SUCCESS CRITERIA…………………… Page 1 4 4 5 6 7 7 8 10 10 13 14 16 16 17 18 19 20 20 21 21 22 23 23 25 26 28 30 31 32 33 35 35 37 39

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TABLE OF CONTENTS (Continued)
Section Title ____ Page APPENDIX……………………………………………………….…… 40 Appendix A - Sample Executive Director Position Description……….Appendix B – Sample Tenant Application…………………………….. Appendix C – Site Scan List…………………………………………... Appendix D – Facility Development Alternative Scenarios…………... Appendix E – Preliminary Lease-up Scenario………………………… Appendix F – Budget Assumption Detail……………………………...

EXECUTIVE SUMMARY
Introduction This business plan addresses a variety of issues associated with creating and operating atechnology business incubator in Lane County, Oregon. It was developed based on the findings of a comprehensive market feasibility study, entitled “Market Feasibility Study for Business Incubation Opportunities in Lane County, Oregon”, conducted by Claggett Wolfe Associates, a firm with special expertise in business incubation. The feasibility study and this business plan were funded through Lane County’sEconomic Development Fund. The work was facilitated by the University of Oregon Riverfront Research Park staff with the support of a community advisory council formed for that purpose. Purpose

The proposed mission of the incubator is to stimulate the establishment and growth of technology-based start-up companies and other compatible businesses. By fulfilling this mission, the incubator wouldcontribute to job creation, and provide for enhanced economic health to the region.
Description

The technology business incubator would provide new and emerging technology and compatible businesses with an environment that would support their start-up phase and increase their likelihood of success. The proposed incubator includes facility space, flexible leases, shared use of common officeequipment, direct business assistance and guidance, mentoring, networking to capital, and other technical resources. A network of existing resources in the community would be developed to support incubator client needs. Approximately six to ten clients at a time would be served within the incubator. The facility, proposed at 15,000 square feet, would include a...