...Inthe startup ofnewprocess plants or inthe introductionofnewprocess technology, even minor installation work can cause plant downtime. On the other hand, the increased income from compressing time schedules for the introduction of new process technology or launching of associated newproducts on themarket surely offers an incentive for securing efficient startups,which is the purpose of this study. A review of publications in the area of startup of process plants shows that organizational issues are scarcely discussed. A new conceptual framework has therefore been developed for organizing startups and themodelling of alternative startup organization structures. Four types of organizational models have been depicted,derived frominformation fromthe literature survey and the author’s own first-hand experience of startups. They include a “fully integrated” type of organizational model for startups together with a profiling of startup contexts. How to organize a startup is, however, only one aspect that will determine the outcome of a project, and other influencing factors ought to be further explored. The frameworkmust be tested and validated in real-life startup situations and in further empirical research.The informationfromthe literature survey, the alternative types of startup organizationalmodels and determinants can already be deployed by firms in the Process Industries, triggering discussion and providing guidelines in their selection of preferred startup organization...
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...hood 4 2.2 Risk Taker 5 2.3 Open source 5 2.4 Education 5 2.5 Work freedom 6 2.6 Work in diversity 6 2.7 Weather and environment 6 3.0 Comparison Between Silicon Valley and Hong Kong IT Industry 6 3.1 Business nature 7 3.2 Financial Capital 7 3.3 Infrastructure 7 3.4 Cultural factors 8 4.0 Hong Kong Limitations 9 4.1 Lack of Young IT Expertise 9 4.2 High Rental Cost for Companies 10 4.3 Lack of Local Venture Capital 10 4.4 Copyright and Patent Issue 11 5.0 Conclusion 11 References 12 1.0 Introduction Silicon Valley is in the southern portion of the San Francisco Bay Area in the United States. It is home to many of the world's largest technology corporations and small startup companies (Ref 1). In summer 2014, we took a technology field study trip to Silicon Valley with an aim to analyze the characteristics of IT industry in Silicon Valley and compare with Hong Kong. Through our study and information gathered from the site visits, we compare the synonym and antonym of the two places from different aspects. During the week of 18 Aug, we visited several technology companies like Google and CISCO, visited and attended lectures at 3 famous universities, and also spent the evenings experiencing local cultures. These are the highlights of these places: Technology companies: Google Inc. | Internet related services and products, online advertising, search engine, Android | Presentation by Julian ChuGoogle...
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...Situational Analysis Internal Analysis Information technology is globally recognized as a vital tool for accelerated ecnonomic growth, efficient governance and human resource developement. Punjab Information Technology Board [PITB] has taken numerous initiatives to deploy swift, effecgtive and innovative IT solutions in Pakistan & has attained massive accomplishments. Plan 9 is an up and running successful project of PITB. Plan 9 is Pakistan's largest tech incubator. Tech incubators are business assistance programs that serve entrepreneurs that deal with technology. Incubators share office space and administrative services but the the core value that they serve is the incubation program to the start up companies. Plan 9 benefits a variety of economic and socioeconomic policy needs, which includes * creating jobs and wealth * Fostering a community's entreprenuerial climate * Technology commercialication * Diversifying local economies * Encouragin women or minority groups Jobs are created as if a team of 5 people successfully incorporate a startup then they would require more workforce and hence more job opportunites would lead to better economic conditions of the country. Plan 9 gives the opportunity to programmers and software developers and other IT personnel to bring out their 'big idea' to the general public. Plan 9 also encourages women entreprenuers to apply as women are an important aspect of the workforce as well Plan 9 was launched...
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...entrepreneurial ecosystems not only because they provide a petri dish for innovation, but because they create jobs. In an article on AllThingsD today, Jed Christiansen contends that the fundamental value of seed accelerators lies in their ability to both drive economic growth and foster an entrepreneurial culture within local communities. Why important Startups, small businesses and accelerators are critical pistons in the engine of job creation; there are a few who would argue with that. However, research from the Kauffman Foundation puts into perspective just how important they are. It suggests that, between 1980 and 2005, all net job growth emanated from companies fewer than five-years-old. When it comes to how to best reverse an economic downturn, about the only thing you might find politicians agreeing on is the importance of supporting small businesses. For accelerators, it doesn’t matter whether or not all of their startups raise big rounds of venture capital, it matters how well their graduates can build a network of support for their peers and for future companies. The deeper and more robust it becomes, the more success startups find and the more jobs they collectively create. One of the more interesting results was that the funding they received was the least important aspect of the program. What mattered more was the community they were accepted...
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...3/18/2014 Angel Investors A number of small start-up companies need external funding to operate and expand. When entrepreneurs have drained money from friends and family, personal savings, bank loans, and credit cards for their startups, they may search for angel investor’s aid to strive in these competitive environment to grow. According to the Center for Venture Research at the University of New Hampshire, approximately 2/3 of funding for new businesses is achieved from angel investors. Therefore, one commonly-deployed strategy for raising capital at the early stages of an enterprise by entrepreneurs is finding an Angel to invest in their business, idea or in their strong business plan. Angle investors are typically a high net worth folks who are or were successful entrepreneurs and business people. There are many types of Angel investors. The main three types are Core Angels, High-tech Angels and Return on Investment (ROI). Core Angels are investors who have accumulated years of experience from running and operating their own successful business. They work hard and are dedicated to their job of angel investing. They carry on to high risk investments without looking back at their losses. Usually, they are not focused on a particular industry and invest in verity of industries, including public and private equity such as real state. They assist and get involved in companies they invest in by mentoring and giving wise advices. High-Tech Angels are typically or have less...
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...September 2012 A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of "exit." The only essential thing is growth. Everything else we associate with startups follows from growth. If you want to start one it's important to understand that. Startups are so hard that you can't be pointed off to the side and hope to succeed. You have to know that growth is what you're after. The good news is, if you get growth, everything else tends to fall into place. Which means you can use growth like a compass to make almost every decision you face. Redwoods Let's start with a distinction that should be obvious but is often overlooked: not every newly founded company is a startup. Millions of companies are started every year in the US. Only a tiny fraction are startups. Most are service businesses—restaurants, barbershops, plumbers, and so on. These are not startups, except in a few unusual cases. A barbershop isn't designed to grow fast. Whereas a search engine, for example, is. When I say startups are designed to grow fast, I mean it in two senses. Partly I mean designed in the sense of intended, because most startups fail. But I also mean startups are different by nature, in the same way a redwood seedling has a different destiny from a bean sprout. That difference is why there's a distinct word, "startup," for companies...
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...of MooBella start-up costs are as follows: Equipment, furniture, and fixtures Leasehold improvements Installation of equipment and fixtures Computers and other technology Owner time Professional services Promotion and advertising Insurance Debt service Taxes Franchise fees Supplies /products cost per machine Inventory Wages and benefits Reflecting on the emotional and other nonmonetary factors that were likely involved for Bruce Ginsberg, one critical component of getting an accurate startup cost estimate is to determine the length of time it's going to take to open your startup business. MooBella had almost taken 20 years for the idea to market and develop. Even though it seemed to be a simple concept it was technically complex and nearly cost the company $85 million to bring to market. There were so many challenges with the research, development and start-up processes. The machines were very costly and it took 5 years to complete the computer portion of the project. There is the development of major systems in Solid Works software which include two refrigeration systems, a pneumatic system, a consumer interface, a pumping system, and a dry-goods distribution system. With Solid Works Premium, they will have all the modeling capabilities they need to design each different type of component, whether it’s made of sheet metal, plastic, or multiple materials, such as refrigeration systems. Furthermore, Solid Works software also lets them assemble all of these components...
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...offered potentially will set new chart or standard bar in the VC industry. The case study explored the concept of Venture Capital, Google’s entry, its strategy, and the challenge and potential gain for Google in Venture Capital Industry. The VC industry is undergoing some massive changes and is in the process of being disrupted by a new breed of investors that are attacking the edges of the market and competing with a new, differentiated approach. Google has a history of reinventing industries and questioning conventional wisdom – and they’re trying to do it again with their approach to venture capital. II. Understanding Venture Capital Money provided by investors to startup firms and small businesses with perceived long-term growth potential. This is a very important source of funding for startups that do not have access to capital markets. It typically entails high risk for the investor, but it has the potential for above-average returns. Venture Capital can also include managerial and technical expertise. Most venture capital comes from a group of wealthy investors, investment banks and other financial institutions that pool such...
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...My friend is going to start a new business and he invited me to join him as partner. He proposed me to put me in a fix position. But in the meanwhile I am in the middle of starting my own business. Both of the planned companies are in the real estate business, specialized in acquiring, managing and repositioning of industrial, residential and office properties. I know that my friend is very intelligent with a lot of experience and an extent network of relationship. It is really an honor to be invited to join him. On the other hand I have been meaning to start my own business for a long time. Both companies will take up about the same amount of time to invest and it will be impossible to manage both at the same time. So I stay before the decision whether I try to undertake on my own or join with my friend. It is obvious that both of the way has its risks and advantages. So this decision demands more consideration. To illustrate the decision-making I stay before I imagined the following decision-tree: If I would follow my passion, namely to build up my own venture I have to invest the ~ 51% of the acquired money. The rest would be invested by a venture capital firm, which I have already convinced with my business plan. This investment means from my side almost all of my savings, and a bankruptcy would mean that I have to start my life over. As I know that in nowadays’ always changing business environment the knowledge, the well built business plan, well prepared exit strategy...
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...that long of a development process, a significant amount of start-up costs are likely. The major start-up cost categories that I foresee effecting MooBella in their 18 years of production are costs for the constant trial and error of new equipment. MooBella needed to hire a CAD platform to begin the process of building this machine. The company would also run into costs of employee wages who worked on this machine for 18 years. Lastly besides R&D expense, I feel that promotion and advertising weighed in as a significant factor of startup costs, but not until the end up their creation of their vending machine because of all the free samples they needed to give out to build a customer base. 2) Bruce Ginsberg created MooBella out of inspiration and excitement when he saw the idea the Turbo Dynamix had thought of. When Turbo Dynamix became MooBella, Bruce became the closer that transitioned this R&D project into a marketable project. (MooBella , 2010) Mr. Ginsberg was not involved and could not take credit for the idea of this vending machine, but he can take credit for how the machine became implemented. For nearly 30 years Bruce’s life was made up of ice-cream and how to make it profitable. The biggest non-monetary factor that induced Mr. Ginsberg to not only create MooBella, but to ensure that this one of a kind vending machine made it to the consumers was his love for ice cream. Therefore when the risk of failure rose with Bruce’s decision to start MooBella...
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...this due to the high profit margin for the software. In this paper I will explore the many avenues of how the WWW was created and the rise and fall of the internet creation. Figure [ 1 ] flatworldbusiness.worldpr How the World Wide Web Industry Began In the beginning ideas for the WWW go back as far as 1946. A gentleman named Murray Leinster wrote a story that talked about Logics also known as computers. Mr. Leinster said that its occupancy was in every home. The story does take several different avenues, but with the same story line he said that we all have a massive information network at the end of our fingertips in our homes. Tim Berners Lee Mr. Lee made the internet come to life some 40 years later. He started the project with a database called Enquire. The database...
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...VENTURE CAPITAL There will be entrepreneurs who will be technically qualified but they will not be having the required amount of capital to finance their business. Venture capital is a type of funding for a new or growing business. It usually comes from venture capital firms that specialize in building high risk financial portfolios. With venture capital, the venture capital firm gives funding to the startup company in exchange to the returns in the future. IMPORTANCE OF VENTURE CAPITAL FINANCING The following are the importance of venture capital financing. 1. Promoting Entrepreneurs: Just as a scientist brings out his laboratory findings to reality and makes it commercially successful, similarly, an entrepreneur converts his technical know-how...
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...CASE 9-1: NEW YORK TIMES 1. Describe NYTD’s evolution to date. What is strategy of NYTD? Are the organization and control consistent with the strategy? Evolution: New York Times first ventured into the Internet in 1995. Back then, the company was called the New York Times Electronic Media Company. In 1999, a new operating division, Times Company Digital, was created, which reported directly to corporate management. The new division included NYTimes.com, Boston.com, NYToday.com, GolfDigest.com, WineToday.com, and Abuzz. The new division had a decentralized structure and different organizational structures but still with similar roles as a common newspaper. The different websites were combined in the new organization to be able to learn from each other. A lot of effort was then put into creating a culture of team-work and openness, and the NYTD moved into a new building. This separated unit, first organizationally and then physically, led to tensions between the original Company and the new division. The new culture and employees hired from outside the Company created a very competitive internal environment. In 2001 the company owned several broadcast media properties, and the New York Times brand was believed to be the company’s most valuable asset, built through years of topnotch reporting and analysis, plus marketing and promotion. By September of 2001, NYTD had developed and was operating two websites: NYTimes.com and Boston.com. The websites included Internet access to the...
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...Start-up Sample Business Plan According to statistics from the SBA (Small Business Association), the last five years have propagated the largest entrepreneurial surge this country has ever seen. We doubt that even the current recession will change this picture. Each year in the US, we see about 750,000 new companies started, with over $26B in investments from angel groups and venture capitalists. Yet according to the same data sources, many of these companies fail in the first year, and only 1 out of 100 startups who apply get funded, due to failures in addressing the items listed in the introduction. This is the huge opportunity that is being addressed by Startup Professionals. Starting a new business can be both complicated and confusing—even for experienced entrepreneurs. Working through the maze of financial requirements and the multitude of other hurdles that must be met to make a business operational is a formidable challenge, especially for those with minimal prior business experience. At the same time, in many small communities new businesses are an essential component of a successful economic development strategy. Restaurants play an especially important role in many small communities. In addition to providing a place to obtain food service, these establishments can be a focal point to facilitate an exchange of ideas and an opportunity to build social capital. Consequently, having a restaurant on main street benefits both the owner and the community. Table of...
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...park is ready to compete as another preferred location for hightechnology manufacturing, research and innovation activities. Located within Iskandar Malaysia, the park has drawn interest from investors in the US, Europe and China. "Interest is in various sectors including semiconductor industry and solar," he said at a media briefing. International Trade and Industry Minister Datuk Seri Mustapa Mohamed, witnessed the signing of the memorandum of understanding in Kuala Lumpur yesterday. "We're expecting a few more similar investments," Mustapa said, without disclosing details. Malaysia has so far attracted several global solar industry players like First Solar, Sunpower and Q-Cells. There are also several domestic investments in solar power projects in Selangor and Sabah. Mustapa hopes that the park will create more jobs, similar to what was achieved at the Kulim Hi-Tech Park in the north. The park has attracted numerous multinational corporations to its 1,700ha site. Senai Hi-Tech Park, a subsidiary of MMC Corp Bhd's wholly-owned Senai Airport Terminal Services Sdn Bhd, is being developed into a third-generation science and technology park offering ideal location, infrastructure and a "service-rich environment". It is eyeing investments in the avionics/aeronautics industry, ICT...
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