Network Member
OCTANTIS - Business Accelerator
Chile
Incubator Overview
| Objectives |
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Commercialize research
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Create companies that export revenues
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Develop profitable enterprises
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| Description |
Octantis is a business accelerator founded in 2003 by three partners: Universidad Adolfo Ibáñez, a prestigious business school in Chile, Invertec IGT, a firm specialized in innovation consulting and Clima de Emprendimiento Organizado (Organized Entrepreneurial Climate) an entrepreneurial network of ICT and biotechnology entrepreneurs. Octantis applies a networking approach for supporting high growth potential innovatives companies. Concentrated on adding value for the creation of dynamic companies; facilitating contacts, along with business formation and coaching in each phase of the generation of new companies and start-ups.
Since 2003, Octantis has generated deal flow of over 4000 business ideas, and supported close to 300 new initiatives from different industries. The aggregate sales of the companies supported by Octantis summed US$ 10 million in revenues for 2006. Currently we are supporting 60 start-ups/companies in our portfolio and 12 international patents in process. With infoDev support, Octantis created the first angel investor network in Chile (currently Southern Angels http://www.southernangels.cl/ an autonomous operation) which has raised over US$ 2 million for innovative companies.
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| Interests |
Octantis focuses on High Growth Potential Entrepreneurship. Although these initiatives may begin small, they have the capacity of reaching revenues of US$ 100,000 during the first year of operation with sustainable growth of at least 35% yearly. They are companies that have the potential of reaching a big size and have entrepreneurial teams that have the passion and capacity of putting in motion their ideas and making them grow.
Octantis is in constant pursuit of international networking opportunities which may lead to partnerships that benefit our clients.
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| Services |
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Finance: Linkages to financiers
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Finance: Seed Capital
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Incubation and Business Development: Business information
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Incubation and Business Development: Business management and development advisory services
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Incubation and Business Development: Incubation program for non-resident clients (virtual incubation)
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Incubation and Business Development: Mentoring/coaching
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Incubation and Business Development: Pre-incubation services
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International Business Services: Help entering particular markets
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Networks and Synergy: Facilitation of linkages between incubates
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Networks and Synergy: Networking events
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Networks and Synergy: Referrals to business professionals
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Technology Transfer: Help with commercializing technology
Other:
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| Year Opened |
2003
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| Type |
Private sector
(This incubator is associated with a technology park)
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| Model |
For-profit
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| Sectors |
Other:
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| Target Population |
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| Advocacy |
This organization actively works to improve innovation and entrepreneurship policy and regulation
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Highlights
Success Stories
Featured Tools
Incubator Statistics
| Space |
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Business Incubator |
Technopark |
| Buildings |
0
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0
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| sq.m. available in total |
0
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0
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| sq.m used for incubator services/admin |
0
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0
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| sq.m. rented by client firms |
0
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0
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Note: We do not offer rental space (virtual incubator)
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| Clients |
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Business Incubator |
Technopark |
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On-Site |
Off-Site |
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| Number of client firms |
0
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65
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0
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| Number of employees in client firms |
0
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189
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0
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| Graduation |
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Last Year |
Total* |
| Number of graduated firms |
0
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0
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| Number of employees in graduated firms |
0
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0
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| Companies still in operation 3 years after graduation |
0
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0
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*since beginning of incubator operation
Note: Does not keep track of the companies graduated
Note: Does do not use a graduation model for our incubator
Note: Is in regular contact with (most of) the graduated firms
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