The 4th Asia Pacific Conference on Business Incubation on the theme “Global Recession : An Opportunity for Business Incubation?” was organized by The Asia Pacific Incubation Network (APIN) on August 6-7, 2009 at Coimbatore, India
Huge investments from the government is not the solution for small and medium businesses. Instead, preferential government purchase would prove better. This implies that the government might consider increasing purchases from the SMEs, the participants felt. There were a host of success stories in entrepreneurship that have come out of incubators that provide the necessary ecosystem for startups to sustain. As for the ideal business plan that would increase the chances of getting the necessary fund, the simpler ones sail through. This is because investors are flooded with such plans and do not have the time to got through complex documents. According to an estimate only 15% of the research proposals are able to get funding, which means that many of the proposals fall aside, indicating a tough competition that prevails when it comes to attracting funds.
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The Asia Pacific Incubation Network (APIN) was established with energy and commitment from leading incubator managers in the region and with support from the World Bank’s infoDev Program and the Department of Science and Technology in India. Its purpose is to help promote, support and develop quality business incubation in the region, developing management and policy capacities, sharing experiences and complementing the work of the Asian Association of Business Incubators (AABI), with whom a formal Memorandum of Understanding has been signed. The network is owned and driven by incubator managers, giving incubation professionals their own vehicle to learn from each other, undertake practical activities and to advocate for policy and other improvements.
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