AABI Incubator of the Year 2021 Award NOMINATION FORM
Application Guidelines
Eligibility:

Any AABI incubator member is eligible to be nominated as a candidate for this award through AABI association member within its economy. In this case for an incubator that is not an AABI member yet wishing to be nominated, it can be a candidate only if it agrees to become an AABI member.(The nomination will not be processed without the Application Form attached.)

The Incubator of the Year Award recognizes overall excellence in incubation performance. The award-winning incubator will receive a plaque and a grant of 500 US dollars. Besides, AABI will announce the winner on its website and other partnering media. Incubator Award winners and their clients can gain significant recognition from this.

Selection Process:

Each AABI member country or region can only submit 2 nomination forms for The Incubator of the Year Award.

The carefully chosen Judge Committee will review and evaluate all nominations, and vote for TWO incubators that best meets the award criteria.

Estimated Schedule:
  • June 30, 2021————————submissions due of nomination forms
  • July 10, 2021————————submit nomination forms to the expert judge committee
  • Aug 10, 2021————————winners will be notified

※ The winner will receive an official invitation to attend award ceremony during the AABI Assembly.

AABI INCUBATOR OF THE YEAR 2021
NOMINATION FORM
Name of Business Incubator
Address
Country Postal Code
Representative Name Title
Contact person Position
Tel E-mail
URL
Incubator Profile
1* Basic Information about Incubation Program
(1) When was the incubator operational, year?
(2) Main sponsors of the incubator
(3) Legal status of incubator
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(4) Affiliation
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5
(5) Incubation model
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(6) Incubator classification
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※ For each of the parameters below, summarize the main features of the proposed incubator in no more than 200 words.
A. Competence of Board and Management Team (15 points)

Describe the qualifications of the board and management team with specific reference to:

  • 1

    Number and affiliations/interests of the board members (academia, business, government, etc)

  • 2

    Relative autonomy of board from sponsoring organization and frequency of meetings each yearCOVID-19),

  • 3

    Names of sub- and advisory-committees to assist the board

  • 4

    Number and designations of management team members

  • 5

    Entrepreneurial experience, if any, of the incubator manager on running a business

  • 6

    Team’s experience in training or consultant services

B. Range of Services provided and good practices (20 points)

Describe the types of support services provided by the management to its client ventures:

  • 1

    Counseling on business and financial management

  • 2

    Training on business plan preparation, entrepreneurship development, leadership

  • 3

    Networking with university faculty/students, private corporations, other service providers

  • 4

    Facilitation in securing funds for clients

  • 5

    Mentoring by board and other external specialists

  • 6

    Innovative practice, e.g. in-house seed capital fund, pre- & post-incubation, biz plan contests, etc

  • 7

    Service fee and rental arrangements

  • 8

    Evaluation and monitoring of incubator and its clients

C. Current numbers of clients, affiliates, and working area (15 points)

Indicate key statistics of successful incubation, such as:

  • 1

    Number of graduating clients in last year, and since start of operations

  • 2

    Numbers of present clients and affiliates being served outside incubator,

  • 3

    Anchor tenants and their role

  • 4

    Gross area in sq.m. of incubator and leasable area

  • 5

    Were market feasibility analyses and business plan prepared before starting incubator

D. Program results – No. of jobs created, patents (20 points)

Describe the incubator’s results in relation to its development objectives, specially regarding:

  • 1

    Numbers of jobs created in incubator and by graduating businesses

  • 2

    Patents taken by clients, joint-ventures formed

  • 3

    Estimated personal and corporate taxes paid by incubator clients

  • 4

    Satisfaction of the stakeholders and community for the incubators performance

  • 5

    Obstacles that may have been overcome to achieve the good results

E. Financial stability – Revenue $ last year vs Expenses (15 points)

Provide recent information on the incubator’s finances, such as:

  • 1

    Sources of revenue as well as of any external subsidy, with percentage of each in total

  • 2

    Main items of expenditure, incl. depreciation if provided

  • 3

    Prospects of financial self-sustainability, if sustainability is an objective

  • 4

    Innovative ways of enhancing revenue, cutting expenses

  • 5

    How was initial cost of establishing the incubator financed

F. Success stories – Two examples of innovations/ventures from incubator (15 points)

Provide two case studies of accomplishments of the incubator, for example:

  • 1

    Describe an innovation introduced to the market based on the incubator management’s support, the precise role of the management/board in this success,

  • 2

    Major award won by a client based on the incubator’s efforts

  • 3

    Venture capital attracted by a client

G. Attachments (if any)
such as your company brochure, product catalogue, certificate received, etc.
  • Upload

File format: doc,docx,ppt,pptx,pdf

Name (in print):
Date:
Signature:
Location: