Management Consultancy Business Incubation Centre
- To nurture management ideas and transform them into viable management solutions to challenges facing the Private and Public Sector Organisations
- To develop capacity of UMI Consultants and Incubatees to establish and manage service based incubation centers
- To promote the adoption of Management Best Practices (MBP) by both Private and Public Sector Organisations
- To provide a source of revenue for UMI in order to support infrastructural and human research development
- To enhance the wealth and jobs of incubatee firms / company
- To bid for projects on incubation and consultancy
- To provide apprenticeship training for the graduate students
To nurture management ideas into innovative management solutions for private and public sector organisations. By this, MBIC will only focus on management ideas rather than the initiators or promoters of the ideas
- Relevancy to society: The MBIC will undertake to nurture innovative ideas/knowledge to contribute to solutions that will help improve performance. To ensure this, the MBIC will carefully select innovative ideas that are viable to providing solutions when nurtured
- Quality: Just like UMI recognizes the need for quality research evidences, the MBIC will promote these principles by promoting innovative and quality ideas generated by incubatees
- Professionalism: Innovation just like research demands a high level of ethical conduct and in this regard the MBIC will adhere to the standard operation procedures, policies and guidelines in force. The MBIC will strive to build capacity of her staff and incubates.
- Teamwork and collaborative Innovation: UMI will put in place guidelines to enhance collaborative innovation, joint innovation ideas projects with other incubation centres and research Institutions. Staffs, students and individuals will be supported to undertake collaborative and joint innovative projects.
- Innovativeness and adaptability: The extent to which innovation can be useful depends on tailored and specific contexts. The Institute will put in place guidelines to enable her staffs incubate their ideas.
It is estimated that the MBIC could accommodate 15 initiators/promoters. The initiators/promoters will receive the following services:
- High-speed Internet access and on-site networking equipment data lines, servers, etc.
- Use of copier, fax and postal meter (usage charges only)
- Facility administration and front desk reception area
- Shared conference rooms and small kitchen/break area
- Media and Public Relations
The MBIC will source for organizations in the public sector and private sector to be used as case studies to test the proposed solutions. These case studies will provide an opportunity for establishing the viability and effectiveness of the solutions that will have been developed at the MBIC.
There will be an intensive interaction between the MBIC and the case study organisations in the initial six (6) months to ensure that the solutions are adopted by the case study organisations. Thereafter these case study organisations will be monitored for at least two years to establish the impact of the solutions on the performance of these organisations.
This extended period of monitoring is aimed at establishing the sustainability of the innovative solutions. To ensure a sufficient number of organisations sign up to be used as case studies, the MBIC will in the first three years of interaction with the case study organisations provide free technical support in the implementation of the innovative solutions. Thereafter these organisations will have to pay for any service related to the solution
The MBIC will establish a resource network of professionals with business expertise. The resource network will include the Advisory Board, the MBIC staff, UMI faculty staff and consultants, the panel of coaches and mentors, sponsors, professional service providers and experienced management consultants
The MBIC will partner with UMI to provide seminars and training to the initiators/promoters to enhance their capacity to transform their innovative ideas into viable solutions. The MBIC will also offer capacity building programs to the UMI consultants to enable them better support the initiators/promoters. These programs will mainly be focused on building their management, consulting and business skills.
The MBIC will organise roundtables and Peer to Peer events to facilitate peer to peer networking among the initiators/promoters. These events will first of all provide a platform for building strong networks among the MBIC participants. Secondly these events will also provide a forum for the initiators/ promoters to share problems and successes of their projects with their peers.
The MBIC will provide such support to include conference facilities and meeting Spaces as well as leisure facilities for this purpose to the initiators for over an agreed time/period.
Among others are: Access to Capital and Market | & | Research and Development Activities