Assessed through the ABCEurope Project Cluster Management Special Interest Group - Heidelberg May 2011 'Building value for cluster actors'
The service
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The YIC Network was launched in response to the understanding that all young companies face the same challenges in developing commercial skills networking.
The mission of the group is to provide support both moral and technical, with accelerated networking and a friendly environment.
16 companies within PharmaValley are currently Members.
The Network provides:
- 3-4 half day meetings per year
- Themes selected by the companies based on immediate challenges
- Experts invited for presentations
- Topics have included:
- Communication for small companies
- Negotiating and drafting contracts
- How and why share - rules to follow
- Integration of regulatory requirements and quality
- Management and financing of innovation and growth
The long term aim of the Network is to share good practice and resources e.g. a commonly funded Business Development Manager.
Service assessment
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Criteria
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Evaluation
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Value to cluster actors
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High: For young companies
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Value to cluster as a whole
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High: This is a strong tool for supporting young companies
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Impact on quality of services in cluster
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Medium: No direct link to other services clusters aside from experts at meetings
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Cost
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Low: This requires low staffing to manage the network
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Ease of implementation
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High: Very easy to create
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Size of cluster
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All: All clusters have YICs within them, even if other, broader networks exist
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Suitable for...
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All clusters, with greatest benefit in a young, diverse cluster
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Skills required
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A champion for the Network and basic network and event skills
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Value for cluster management
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High: Trusted partnerships with young companies and a enhanced understanding of their needs
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Value in wider networking
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High: A National or Europe-wide YIC Network would bring significant critical mass and shared benefit
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Barrier to entry
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None - could be implemented by all clusters or biocommunities.
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