The Online Business Incubator
By Robert Panoff

You’ve seen some interesting stuff about BroadbandRI in this blog, but I’d like to tell you about the most interesting thing to-date, and it’s something with which you just might want to get involved. I’m partnering with Kelly Ramirez, of Social Venture Partners RI to implement an Online Business Incubator pilot program for the RIEDC and BBRI. We’re calling it OBI, and it aims to provide a one-stop online website for urban microbusiness entrepreneurs. OBI’s goal is to help RI’s under-served microbusiness community and the ambitious people within it, start and grow their own businesses. It’s going to aggregate everything they need to develop the skills and knowledge to start and grow their business successfully.
OBI’s unique because it combines interactive access to information and tools, as well as interactive access to experienced business mentors to help the entrepreneurs apply the information to their business. Finally, OBI is forging extensive ties to RI’s established business community to help sustain these small businesses long term.
These microbusinesses are very small, created and operated by individuals, usually from the owner’s home or a small neighborhood location. They typically don’t have access to traditional financial and commercial resources. Microbusiness entrepreneurs are not typically trying to get rich, but are trying to establish a free and independent lifestyle for themselves and their families.
OBI benefits the participating entrepreneurs because the interactive access makes it easy to get the help they need without cost or taking them away from their business to physically go to meetings. Access to the OBI website is free, and anyone can get the site’s basic business content and information.
Those interested in OBI participation will be able to learn about the program and assess how they might benefit from it. After completing a flexible enrollment process, OBI participants gain online access to the intermediate business content (financial, planning, marketing, operations, web presence, etc.), tools (Chat forums and Google Apps for word processing, messaging, calendar, conferencing, etc.), and the mentors available during the for the 12-week program. We expect to test the OBI website during December, and hope to go live by the end of January.
We’re looking for highly-motivated entrepreneur participants, with clear ideas about their goals and the business they want. They should be very interested. If they need help starting that business, or if started, growing it. A motivated and focused participant, with a strong desire to learn and grow, will fit best into the OBI program. The initial OBI participants will be the success stories that help us recruit additional OBI participants later on.
We’re also looking for help, so if you’d like to be a mentor (3-5 hours a week), or provide some help to these start-ups, please let us know. You can get more information by emailing me, Rob Panoff at bobpanoff@rpm-strategy.com, or Kelly Ramirez at kelly@svpri.org. Thanks, and may the entrepreneurial force be with you!






Comments
JVan
Submitted on June 9th, 2012 - 11:05am linkRobert: great concept...physical incubators have their challenges, but an online incubator is an excellent asset for the diaspora of individual professionals, artists, freelancers, entrepreneurs or whatever label one may care to insert here.
One strength I see is wider inclusion, as you don't have the physical challenges of the traditional incubator.
Keep us posted! I, for one, would like to learn more
Jim Van
Providence Entrepreneurs Meetup Group
bobpanoff
Submitted on June 9th, 2012 - 4:44pm linkThanks, Jim. I'll send you some info in response to your email, too. I agree that an online incubator has some real advantages. OBI's Owner Entreprenuers can acess content, tools and great mentors interactively, independent or time or place. Of course, once it is established it should also scale cost-effectively, within RI, or on a national scale. That said, the biggest benefits have come from the relationships that the Owners and grat OBI mentors have formed.
We finished OBI incubation round 1 about a month ago, and using the feedback and analysis of our round 1 results, we're enhancing the program for the beginning of incubation round 2 in the beginning of August. We're recruiting both Owner Entrepreneurs and Mentors for round 2. If you're interested, go to appropriate page on our website: www-obi-broadbandri.org. Thanks, Rob
rossccokie
Submitted on June 27th, 2012 - 11:10pm linkThank you for posting this topicabout online business incubator.
You this help a lot!!!
todd35
Submitted on January 9th, 2013 - 11:59am linkI think the ideas behind this are so good. They do such a great job with starting a business from the ground up and build it the right way. So happy on how this works. Great job on this. Career Tips