Pudu Waterloo Business Incubator（PWBI）Project.docxVIP

Pudu Waterloo Business Incubator（PWBI）Project Author：Steve Xing November 11th, 2013 Project Background The overall conversion rates of Canadian Patents are only 11% or so. The international conversion rate of Canadian patents is much lower than other developed countries, being only 1/3 of the United States’ rate. The Role of Waterloo Business Incubators： In recent years, the incubator has become an increasingly important part of technology start-ups. Many popular start-ups hatch success and attract more new entrepreneurs to join the incubator project. Entrepreneurial incubators and accelerators have sprung up in various cities, and have appeared in various verticals such as education. They are currently being used as a substitute for an MBA. The Y Combinator, a famous American Incubator, even considers applicants without a business plan if they show strong entrepreneurial skills. These incubators are used to provide practical, technical, commercial and financial as well as training guidance to help new entrepreneurs understand major concepts such as the big idea, the product launch and other important benefits to business. The Waterloo Business Incubator is essentially an angel fund + incubator hybrid and is funded by the venture capital from Pudu Technology. The incubator will provide a small amount of money to exchange a small percentage of the shares of the startup. A new platform for high tech for enterprise is that someday VC cleverly bypasses grafting high risk investments by using a highly innovative gene. With their definition as “A comprehensive business platform designed to nurture a new generation of high-tech talented and innovative entrepreneurs”. At first glance, it seems to be nothing more than just a new VC, but has become the mode of choice for angel investors to bring the highly scaled industrialization of Waterloo to new heights. Angel investors (Angel Investment) originated in the 19th century, in the United States, usually involved this. It a