It is designed to be taught to groups of up to 100 people. The sponsoring agency may choose to offer the seminar to the general public free of charge, at a breakeven admission charge, or at a profit generating admission charge. The aim of the New Product Development seminar is to assist entrepreneurs in developing and testing product prototypes and protecting their intellectual property. This is accomplished from both the reactive and proactive viewpoint. The most common causes include poor management, under-capitalization, inadequate cash flow management, poor marketing planning, and lack of an adequate business plan.
Studies prove that innovative entrepreneurs are attracted to capital availability.
It would be most advantageous to develop workable programs based on local resources that will let your community have a part in the growing venture capital market. These programs encompass funding vehicles from first dollar seed equity to long range collateralized loan programs. It is possible to interface these with existing governmental programs to compound available dollars. This is a multi-faceted approach to the creation of small business incubator. It must be recogonized the not every community is capable of supporting an incubator program.