Important Documents
The first three documents are in Word document format.
Important Information
Student Business Incubator
333 East Campus Mall - Suite 3101
Madison, WI 53715
Email: StudentBusinessIncubator@gmail.com
Fax: (608) 890-2894
- Open House / Information Sessions: (come or go at any time)
- Tuesday, March 24, 2009, 5:00-8:00 PM
- Tuesday, April 7, 2009, 5:00-8:00 PM
- Deadline for SBI Applications: Friday, April 10, 2009 by 5:00 PM
- Ten finalists must give a five minute presentation, followed by a ten minute Q&A from the Student Business Incubator Board: Saturday, April 25, 2009
- Ten finalists will be notified by: Saturday, April 18, 2009
- Successful applicants will be notified by: Tuesday, April 28, 2009
- Move-in: September 2009
- Please read all admission criteria before submitting the application. Make sure you use the Sept. 2009 - Aug. 2010 application (Word document).
Contact Us
If you have any questions about the SBI, how to get involved in planning it, or how to offer any services for it, please contact us at StudentBusinessIncubator@gmail.com.
About the SBI
Mission Statement
The Student Business Incubator will help undergraduate and graduate student entrepreneurs develop their own business. By facilitating hands-on learning and exploration in a supportive environment, the Incubator will help students turn their passion into a reality, while, benefiting campus and furthering UW-Madison's mission of applied learning
Goals
To provide office space, shared facilities, business consulting, access to capital, networking, and resources, so that the companies within the Incubator learn how to develop and grow their business in order to be competitive in a market economy.
The UW-Madison Student Business Incubator (SBI) opened in January 2009 on the third floor of the Student Activity Center (SAC) in the University Tower of the University Square redevelopment off of Johnson Street. It will be designed to take learning beyond the walls of the classroom and allow students to combine their knowledge and passion to create businesses in a variety of disciplines. The Incubator will support undergraduate and graduate student ventures in the early developmental stages. By providing office space, shared facilities, business consulting, networking, and resources, the entrepreneurs within the incubator will learn how to develop and grow their business in order to be competitive in a market economy.
The SBI will be a hub for all of the current resources on campus, leveraging what is already available, but making them more accessible by forming relationships and collaborations and making students more aware of their existence. Furthermore, even when resources are available, some student entrepreneurs may be overwhelmed by the process, unsure of what the needed steps are or where to go for resources and advice. The Student Business Incubator will service student entrepreneurs in this way and provide a central place for those with the same interests. It will facilitate networking and become a catalyst for learning, understanding what common mistakes to avoid, and leveraging connections.
The UW-Madison Student Business Incubator will provide office space to six student businesses and will assist other entrepreneurial businesses that do not receive office space.
Products and Services Provided by the SBI
For Tenants
Technology & Supplies Space
- 4 rooms (1 reception/supplies area, 3 individual offices)
- Individual office space (2 businesses share each one). Includes 2 cubicles, tables and chairs, whiteboard, and storage cabinets
- Conference room access
- Supplies and storage
Technology
- Copier, fax, scan machine
- Wi-Fi internet
Materials
- Within the reception area, shared materials will be stored, deliveries may be sent or received, and staff person(s) will have their office.
- Businesses within the Incubator will have access to conference rooms in the SAC similar to student organizations. In addition, agreements will enable tenants to rent technology such as video cameras, projectors and projection screens, and digital cameras.
Expertise & Advice
- Business Advice: Idea feasibility, pre-incubation training; business development; important steps
- Business Functions: Legal, accounting, marketing, financing
- Consulting: Business plan creation, incorporation, intellectual property
- Networking & Support Centralization: Aggregates entrepreneurial resources, one location for all student businesses (networking opportunities)
- Collaborations & Networking: Collaborate with other businesses; leverage contacts, linkages to researchers; learn from mistakes
- Resources: seminars / workshops, books / web links
For Non-Tenants
For students who are not currently in the facility, current entrepreneurs can be used as mentors. The Student Incubator can offer first time idea brewing services, or a pre-entrepreneur service. Resources available to entrepreneurs in the Incubator will also be available to student entrepreneurs not in the Incubator.
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