Bogor Agricultural University Agribusiness and Agroindustry Incubator : Indonesia Case Study
The incubator for agribusiness and agroindustry at Bogor agricultural university, Indonesia (IAA-IPB) assists during three stages in the incubation process: early incubation (mentoring creative ideas, assisting in evaluation of market prospects, defining, and outsourcing technology needs);incubation (helping production begin); and post-graduation (consulting on business plan revision and facilitating access to financial resources and a market network for new products and new technology implementation). The utmost attention must be paid to incubatees during both the selection process and the incubation period, in order to ensure that they grow and are successful. One-to-one interaction with the incubatees is necessary to understand problems and special needs and to help find solutions. In addition, incubators are advised to maintain relations with successful graduates. One will continue to need assistance, one will be able to assist the incubator by being role models to new incubatees, and represent a potential source of income for the incubator through profit sharing or equity investment. The incubator facility at Darmaga campus near Bogor in 2011 inaugurated a new building with a pilot plant and space for 14 resident incubatees. New equipment was procured with funding from the government. Facilities include sharing of other IPB facilities such as a food processing plant, workshops, and laboratories.