Funding for incubation
Funding intermediaries to become specialist developers of promising ideas into workable forms, with a capacity to make follow on funding. Incubation includes several elements: scanning for elements from existing models; design; development; piloting and business planning. The incubated concept can be directly sold into existing organisations or turned into a new organisation. A critical issue is to combine the investment decision and business support. Typical units for individual projects range from £2k-£250k, and the minimum size for incubation teams is around 10 people and 10 projects to ensure spread.