ENTERPRISE HUBS

Presentation to the New Forest Branch of the Federation of Small Businesses

18th October 2005

What is an Enterprise Hub?

• A business support network for start-up and young businesses

• Aimed at knowledge-based, high-tech companies with high growth potential

• Facilitates the transfer of technology and know-how from universities & research institutes

• Part of a regional network of 22 Enterprise Hubs

Why Hubs?

““3-4% of start-ups in a given period account for 3-4% of start-ups in a given period account for between 50% - 75% of between 50% - 75% of allall jobs created 10 years jobs created 10 years later”later”

““Start-ups are responsible for 55% of incremental Start-ups are responsible for 55% of incremental and 65% radical innovation”and 65% radical innovation”

DTI Innovation Report 2003DTI Innovation Report 2003

Incubation Aims

Remove barriers and increase access to:

• Flexible workspace

• B2B mentoring and networking

• Business Support

• Early Stage Finance and R&D Grants

• Access to the Knowledge Base locally and across the network

Locations – a regional network

Five Elements of a Hub

• Hub Director

• Business Champion

• Flexible workspace

• Access to the knowledge base

• Commercialisation Process

Added ValueHub companies have access to:

• Specialist facilities (e.g. wet labs,)• Specialist equipment (often through links with

universities)• Access to business networks• Hot desking facilities• Broadband & video conferencing• Meeting rooms• Use of Hub mailing address and receptionist

facilities

Hub ServicesThe Hub Network delivers key services needed by

its businesses.• HUBCAP – Hub commercialisation programme.

• Intellectual Property and other specialist advisors

• ‘Quickview’ market research

• Cashflow wizard

• Access to finance workshops with FSE and Business Link

• Access to Business Angel networks e.g. Alchemists, SION, OIN, TVIN, SECA

• “Merlin” Mentors programme.

Commercialisation Process

• Hubs provide companies with a commercialisation framework from idea to attracting major funding

• This process enables us to track company developments and intervene at key stages

The Southampton Enterprise Hub

Steve Davis

Director

Supporters and Stakeholders“our friends”

Higher Education

Business Support Agencies

Business Networks

Local Authorities

Economic Partners

Knowledge Based Centres Linked to the Hub

St John’s Innovation Start Fareham

LymingtonEfford Research Station

(Redevelopment ?)

Basepoint Abbey Park, Andover

SouthamptonMarine Innovation

Centre(Concept)

SouthamptonMedia Park

(concept)

EastleighTechnology Park

(concept)

ChilworthBusiness Incubator

Hatchery at the Institute

(Concept)

SetSquared Centre at the University

BasepointSt. Mary’s Southampton

BasepointRomsey

Typical Southampton Projects

• Solent Marine Community.- Clustering.• ERIC – Virtual Inst. For Composites (EU scope).• Wired Wessex – ICT and new media sector• NHS IP Hub ( Hampshire & IoW + Hatchery).• SETSquared. (Universities of Soton, Bristol & Bath and Surrey).

• Merlin Network – 12 mentors and 13 companies recruited.

• Southampton Enterprise Gateway

What do you need ?