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AABI Incubator Year Award

AABI has introduced The Incubator of the Year Award to recognize overall excellence in incubation performance. The award winner will be announced yearly.

AABI Incubator Year Award

  • Eligibility

    AABI member incubators and their associations are eligible to be nominated as a candidate for AABI Award. In the case that an incubator that is not yet an AABI member wishes to be nominated, it can be a candidate only if it agrees to become an AABI member. (The nomination shall not be proceeded without Application form for "Incubator Member" attached.)

  • Criteria

    Nominated incubators will be evaluated based on the following 6 points.

    1.Competence of board and management team

    2.Range of services provided and good practices

    3.Current numbers of clients, affiliates, and working area

    4.Program results - No. of jobs created, patents

    5.Financial stability - revenue $ last year vs expenses

    6.Success stories - examples of innovations/ventures from incubator

  • Selection Process

    AABI will form the Selection Committee consisting of a chairman (nominated by AABI president) and business incubation experts from AABI countries and economies.

    AABI Association Members will nominate (to the AABI Secretariat) one business incubator for the award (from their home country/economy). A nomination has to be made through Association Member. (Incubators are NOT allowed to nominate themselves directly to the Secretariat.) The Selection Committee will receive and evaluate the nominations, and select one that best meets the award criteria.

  • Nomination Form

    Incubators interested in being nominated, please consult a contact person of Association Member in your economy and obtain the nomination form.

    Application Form(For AABI Incubator Year Award)

    AABI Torch Entrepreneur Awards

    icoThe winner of 2017 AABI Incubator Year Award

    TREC-STEP is a pioneering Organization, promoted in 1986, by the Central and State Governments of India, such as the Department of Science and Technology, Government of India, Government of Tamilnadu, along with National Financial institutions such as IDBI, IFCI, ICICI and other institutions, for spearheading the promotion of Science and Technology, Innovations and Knowledge based ventures, by nurturing the ‘Spirit of Enterprise’ among the aspiring youth of India and mentoring and hand holding them to realize their growth targets, through their Innovative Technology Ventures, in the globalized marketplace. TREC-STEP by virtue of being one of the first Science and Technology Entrepreneurs Park’s in the country, also has the broad mandate of bringing the benefits of Science and Technology within easy access of individuals from different strata of society, for which TREC-STEP undertakes several, focused developmental initiatives with the support of National and International Developmental Agencies

    icoThe winner of 2017 AABI Incubator Year Award

    Business Incubator Center of National Taiwan University of Science and Technology(Chinese Taipei)
    The Business Incubator Center at National Taiwan University of Science and Technology (NTUST) was established in 1998. It is designed to help the economy revive through innovative business and technological developments.

    The purpose of the BIC at NTUST is to offer facilities and services to help entrepreneurs and small and medium-sized businesses developing advanced technologies and new business bases. Hopefully, with all these efforts, economic development in Taiwan will move into a higher level.

    National Taiwan University of Science and Technology (NTUST) is the first higher education institution of its kind within our nation's technical and vocational education system. By extended this system to the highest level, the school was intended to meet the need created by our rapid economic and industrial development for highly trained engineers and managers. It has long maintained a close relationship with industries. Capitalizing on the advantages provided by its access to academic resources and practical experiences offered by industries, NTUST is in an excellent position to set up an incubator center to help the development and growth of business ventures and entrepreneurs.

    icoThe winner of 2016 AABI Incubator Year Award

    Business Incubation Center, National Science and Technology Development Agency(Thailand)
    The National Science and Technology Development Agency (NSTDA) is an agency of the government under the Thai Ministry of Science and Technology which supports research in science and technology and their application in the Thai economy. NSTDA consists of four National Research Centers which are Biotech, Mtech, NanoTech and NECTEC with a Technology Management Center. Business Incubator Center (BIC) was previously known as TSP-TBI prior to merging IT incubation center and technology incubation center in October 2010. BIC is an operating unit within the Technopreneur Development Services division (TDS) under Technology Management Center. It focuses on IT and Technology Incubation.


    Business Incubation Center (BIC) has set its vision to be the leader of technology business incubation nurturing Thailand entrepreneurs to turn their ideas into high value and innovation created businesses.

    Mission Statement

    BIC is determined to provide top-of-the-line incubation services which are comprehensive from pre-incubation to post-incubation for IT and technology businesses in order to assist technology businesses start-up in their early stages by

    ·Providing effective comprehensive IT and technology business incubation services

    ·Assisting spin-off researchers in their technology business endeavor

    ·Promoting investment and funding for technology businesses

    ·Providing the right cure to the right case.

    Future Goals

    BIC is aimed to be a leader of the technopreneur development in the region by;

    ·becoming a national benchmark of technology business incubator

    ·strengthening its networks and alliances both local and international

    ·encouraging the technology development and commercialization.

    ·Coordinating subject matter expert pool across the region.

    icoThe winner of 2016 AABI Incubator Year Award

    Growth Lab Business Incubator by Science and Technology Innovation Park, Pune , Maharashtra(India)
    Growth Lab Business Incubator , set up by Science and Technology Innovation Park, Pune helps to establish an educational mechanism that would foster creation, development and growth of technology-oriented entrepreneurs and enterprises through academic and/or industrial collaborations by providing among others, the following facilities:
    -Act as knowledge partners for development to government projects by providing Technology Assessment and Forecasting.
    -Provide consultancy services in the areas of institutional and infrastructural developments and building synergy between industry and academia.
    Act as an industry – academia – government bridge.
    Provide need based technology management training to researchers, entrepreneurs and industry.
    -Play significant role in knowledge and resource management.
    -Provide infrastructure and development facilities to technology oriented industries.
    -Assist industry sponsored research, entrepreneurship development and contract research.
    -Commercializing research, managing innovations, intellectual property promoting and commercialization of technologies.
    Creation, development and growth of technology oriented entrepreneurs and enterprises through academic/industrial collaborations.
    -Build sustainable technology based rural ventures to address basic problems faced by common man and to elevate quality of life of people those are at the bottom of economic pyramid.
    -Look into basic unresolved issues like health, hygiene, sanitation, affordable nutrition, improvement of quality of education & provide basic power solutions to the people who are deprived of these basic requirements of life.
    -Provide technology based solutions for ecological sustenance, environmental remediation, create environmental protection and conservation education and necessary policy support.
    -Create and nurture technology base start -up companies.
    -Set up Rural Technology Business ventures and skill training centres.

    icoThe winner of 2016 AABI Incubator Year Award

    Shanghai Pudong Software Park Incubator (SPSP Incubator)(China)
    Shanghai Pudong Software Park Incubator (SPSP Incubator) is based in the core area of the Zhangjiang National Innovation Demonstration Zone, China (Shanghai) Pilot Free Trade Zone. It's invested and built in July 2008 by Shanghai Pudong Software Park, one of the first four software parks in China, and operated and managed by Shanghai Pudong Software Park Venture Capital Management Co., Ltd (SPSP Venture Capital). SPSP Incubator was certified as a national-level sci-tech business incubator by the Torch High Technology Industry Development Center, Ministry of Science and Technology. SPSP was jointly constructed by the former Ministry of Information Industry and the Shanghai municipal government and is a national software industry base and a software export base.

    After nine years of operation and management, SPSP Incubator which won the "AABI Incubator of the Year 2016 Award" has incubated about 400 enterprises with a combined social financing of more than RMB 5.0 billion, including several well-known businesses like Fruit Day, Ymatou, Qiniu and Ximalaya, and it has become a prominent place in Shanghai to gather the new-generation IT startups. SPSP Incubator has been abiding by the business philosophy of "professional service + angel investment + entrepreneurship mentor". Backed by its abundant industry resources and several years of operation and practice, SPSP Incubator has developed a multi-step incubation system from startup nursery to incubator to accelerator. In conjunction with SPSP's strategy of building an industry ecosystem chain, SPSP Incubator is committed to providing a whole set of professional services, from physical business space, investment & financing to public technology platform, marketing, human resources and policy consultation to the new-generation IT start-ups in such fields as Internet, IC design, information security, advanced intelligent manufacturing, cloud computing, open-source hardware, industry software and cultural & creative, in a bid to help the entrepreneurs reduce business risks and realize healthy and fast business growth.

    icoThe winner of 2015 AABI Incubator Year Award

    Xi’an Pioneering Park Development Centre (China)
    The development center was established in 1993, and is one of China’s largest state-level incubators for sci-tech enterprises, as well as an incubator for international companies. It offers business start-up consultation, training, project planning and application services for small and medium-sized enterprises (SMEs).

    icoThe winner of 2015 AABI Incubator Year Award

    Chonnam National University Business Incubation Center(Korea)
    Chonnam National University (CNU) BI center has developed a cooperative system encompassing universities, industry, and government to improve the success rate of start-ups during the beginning stage by supporting earlier commercialization of their products and technologies. To achieve this, the CNU BI center has assisted start-up companies during the beginning stage by providing various programs and services in the field of technology commercialization, entrepreneurship, and enterprise management through connecting these start-ups with a competent and reliable mentor group.

    icoThe winner of 2014 AABI Incubator Year Award

    National Chiao Tung University Center of Entrepreneurship and Incubation (NCTU CEI) (Chinese Taipei)
    National Chiao Tung University Center of Entrepreneurship and Incubation is listed under the Center Academia and Industry Collaboration of National Chiao Tung University. Integrating knowledge, education and industrial/academic corporation, we focus on cross organization connections. NCTU CEI set up education support committee made of professional professors, industry professionals and alumnus. Periodical committee meetings are held every season to provide suggestion and consulting service for long-term business management. NCTU CE have over 30 professionals who can provide business management, business development, business mode, IP, marketing, technology development, product design, new product development and other consulting services. NCTU CE is well connected with research facilities, organizations, investment companies, internet organizations. which allow current incubate companies to easily gather necessary information. We also have connection with international organizations such as National Business Incubation Association(NBIA), Asian Association of Business Incubation(AABI), Asian Science Park Association(ASPA), and incubation centers from Japan, Korea, Southeast Asia countries.

    icoThe winner of 2013 AABI Incubator Year Award

    Nangang Software Incubator (Chinese Taipei)
    Nangang Software Incubator was established in 2001, directed by Small and Medium Enterprise Administration, Ministry of Economic Affairs and operated by Institute for Information Industry.Since 2002, NSI and III tool the mission from government to assist small and medium enterprises in Chinese Taipei to achieve entrepreneurship innovation by providing the services to support their local activities:
    1. Space, Facilities and Administrative Support
    2. Technical and R & D Subsidies & Support
    3. Brand Marketing & Alliance
    4. Legal Support for Business & Intellectual Properties
    5. Latest Information from the Sector & Alliance
    6. Investment & Loan Consultancy Services

    Since 2002 till presented, NSI has served more than hundred organizations & companies from domestic 7 foreign areas. As NSI has become the leader of the incubation industry, NSI is commit to share the experience to help new universities, local/foreign governments to build up thrir own incubation center for helping local industries and start ups.

    icoThe winner of 2012 AABI Incubator Year Award

    Technopark Technology Business Incubator (India)
    Technopark Technology Business Incubator (T-TBI) is a joint association between
    Technopark,Trivandrum and the Department of Science and Technology (DST),
    Government of India for the economic development of the state. The primary focus
    of Technopark TBI is in developing the ICT opportunities for building global
    enterprises. T-TBI aims to spot and attract potential entrepreneurs through intensive
    training programmes undertaken on a regular basis.
    The Center has full time management team that has extensive experience in
    entrepreneurship, product development, and marketing, securing venture capital
    funding and organizational development. In addition to this, an expert panel called
    the Technology Angels consisting of eminent academicians and expert professionals
    from diverse industries guide the incubatees.

    icoThe winner of 2010 AABI Incubator Year Award

    Shanghai Caohejing Hi-Tech Park Innovation Center (China)
    Shanghai Caohejing Hi-Tech Park Innovation Center was solely invested and run by Shanghai Caohejing Hi-tech Park Development Corporation. As a business incubator, Innovation Center has committed itself to cultivating and supporting technology-intensive enterprises and promoting commercialization, industrialization and internationalization of scientific and technological achievements. While having their respective names retained, Innovation Center has merged with Technology Department of CHJ Hi-tech Park corp. since 2007 in order to take advantage of integrated resources.
    Caohejing Innovation Center has been in operation for over 10 years. According to statistics, 434 technology-intensive enterprises specializing in IT, biotechnology, new materials, OPTO-Mechatronics etc. have graduated from Innovation Center. The success rate amounts to 91.7%. Currently, Innovation Center boasts a total floor area of 29,000m2 and has registered capital of 65 million RMB.

    icoThe winner of 2009 AABI Incubator Year Award

    Powerhouse Ventures Ltd, New Zealand (Dr Stephen Hampson, CEO)
    Powerhouse Ventures began as the Canterbury Innovation Incubator in 2001. There are now three incubators, operating in a hub-and-spoke model, each focusing on a specific area of technology. (Engineering at Canterbury University; Agribusiness/bioscience at Lincoln University; software in the Christchurch CBD and food and medical at Lincoln/Canterbury).
    Powerhouse is a specialist seed-stage investment house. It works with researchers and entrepreneurs to create and develop high growth companies, providing expertise and capital. Powerhouse has formal partnerships with the University of Canterbury, Lincoln University, Canterbury Development Corporation and NZVIF (Seed Co-investment Fund (SCIF)), and works with Crown Research Institutes and the local TAFE equivalent (CPIT).
    Tenants are offered three levels of service: rent and low involvement; equity share and more strategic involvement; or portfolio businesses with high engagement. Analysts take a ‘hands on’ role in the last type of companies with the aim of turning an opportunity into a business and accelerating its growth. High engagement involves validating the market (i.e., finding a product-market-match); providing financial foresight, building the team (e.g matching an academic with a technology

    icoThe winner of 2008 AABI Incubator Year Award

    For the year 2008, AABI received two nominations—Agri-Business Incubator ICRISAT from India and BI of Congress of Woman from Kyrgyz Republic. Agri-Business Incubator ICRISAT was selected as this year’s award recipient, after judges in the selection committee gave Agri-Business Incubator ICRISAT the highest average score (85.7) out of a 100-point scale.
    The AABI Incubator of the Year 2008 has been given to; Agri-Business Incubator ICRISAT((Nominated from: India)

    icoThe winner of 2007AABI Incubator Year Award

    For the year 2007, AABI received six nominations from six economies. KAIST Office of University-Industry Cooperation from Korea was selected as this year’s award recipient, after judges in the selection committee gave KAIST Office of University-Industry Cooperation the highest average score out of a 100-point scale.
    The AABI Incubator of the Year 2007 has been given to; KAIST Office of University-Industry Cooperation (Nominated from: Korea)

    icoThe winner of 2006 AABI Incubator Year Award

    For the year 2006, AABI received 6 nomitaions from 6 economies.Xi'an International Business Incubator from the People's Republic of China was selected as this year's award recipient,after judges in the selection committee gave Xi'an International Business Incubator the highest average score out of a 100-point scale.
    The AABI Incubator of the Year 2006 has been given to; Xi'an International Business Incubator (Nominated from: Shanghai, PR China)

    icoThe winner of 2005 AABI Incubator Year Award

    For the year 2005, AABI received 8 nominations from 7 economies. Members of the Selection Committee (8 experts from 8 countries) scored all nominations. The result showed that the ITRI Incubator nominated from Chinese Taipei marked the highest score.
    The AABI Incubator of the Year 2005 has been given to; ITRI Incubator (Nominated from: Chinese Taipei)