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Business Incubator - Innovative Zadar
Published on 21 August 2018
Croatia
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Innovative Zadar Ltd. was founded by the City of Zadar in 2003 entitled Business Incubator Ltd. Zadar with the primary objective to encourage and develop SME culture in the City of Zadar. AT the moment it is the only business Incubator within the County of Zadar.
By the end of 2014 Incubator, under new management began the process of business transformation. The company changed its name to Innovative Zadar Ltd. and registered additional activities related to ICT in order to be able to provide ICT services to the SMEs.
The idea of this Incubator is to provide business and technical services to the entrepreneurs. There is over 1200 m² of usable area with 20 offices of various sizes and purpose (offices, small production halls...), spread over three floors. Also, entrepreneurs that choose to be incubated there, can get counseling and administrative support, due to the fact that in the same building there are other entrepreneurs, who through mutual cooperation, complementarities and synergies, may significantly increase the likelihood of success of their entrepreneurial venture.
Moreover, Innovative Zadar Ltd., among others, has a mission to foster and promote ICT skills among SMEs in rural area. Therefore, they organize various training and seminars that are usually fully booked. In addition to that, Innovative Zadar also offers consultancy for entrepreneurs free of charge.
By the end of 2014 Incubator, under new management began the process of business transformation. The company changed its name to Innovative Zadar Ltd. and registered additional activities related to ICT in order to be able to provide ICT services to the SMEs.
The idea of this Incubator is to provide business and technical services to the entrepreneurs. There is over 1200 m² of usable area with 20 offices of various sizes and purpose (offices, small production halls...), spread over three floors. Also, entrepreneurs that choose to be incubated there, can get counseling and administrative support, due to the fact that in the same building there are other entrepreneurs, who through mutual cooperation, complementarities and synergies, may significantly increase the likelihood of success of their entrepreneurial venture.
Moreover, Innovative Zadar Ltd., among others, has a mission to foster and promote ICT skills among SMEs in rural area. Therefore, they organize various training and seminars that are usually fully booked. In addition to that, Innovative Zadar also offers consultancy for entrepreneurs free of charge.
Resources needed
Innovative Zadar was developed with the funds of the City of Zadar during the first phase.
Second phase - reconstructing, was funded through Structural Funds by Croatian Ministry of Economy, Crafts and Entrepreneurship with 6 million HRK (cca 800.000 €).
Second phase - reconstructing, was funded through Structural Funds by Croatian Ministry of Economy, Crafts and Entrepreneurship with 6 million HRK (cca 800.000 €).
Evidence of success
Evidence of success is shown through the fact that all of the offices within Incubator are fully booked.
Moreover, there is still a lot of interest to get the office within the Incubator, with long waiting list and tough competition.
Therefore, thanks to many inquiries, at the moment Innovative Zadar is in process of constructing new - second business Incubator on this area.
Moreover, there is still a lot of interest to get the office within the Incubator, with long waiting list and tough competition.
Therefore, thanks to many inquiries, at the moment Innovative Zadar is in process of constructing new - second business Incubator on this area.
Potential for learning or transfer
For regions with a low level of entrepreneurial activity, ICT support and counseling for SMEs is of a great importance. Therefore, the existence of Business Incubators on those places is mandatory.
Second phase - reconstruction within the Innovative Zadar enabled entrepreneurs to catch up with the upcoming globalization challenges thanks to the applied Hi-Tech solutions.
This practice is transferable in terms of good organizational model, its implementation process, specific tools, and the innovative approach to the targeted stakeholders and marketing strategy.
Second phase - reconstruction within the Innovative Zadar enabled entrepreneurs to catch up with the upcoming globalization challenges thanks to the applied Hi-Tech solutions.
This practice is transferable in terms of good organizational model, its implementation process, specific tools, and the innovative approach to the targeted stakeholders and marketing strategy.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
City of Zadar
Croatia
Jadranska Hrvatska
Contact
Head of Department for International Cooperation