MIC STRategic Plan 2017-2020

Melbourne Innovation Centre is currently undergoing its Strategic Planning process for 2017-2020. We invite our stakeholders to provide their insights to assist us in developing a clear direction for the organisation.

Please find a summary of the MIC Strategic Plan Draft below.

If you wish to provide a response please submit no later than 23 July, 2017. 

 

STRATEGIC PLAN 2017-2020 DRAFT

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Mission

To provide the environment and support for local innovative enterprise to sustain and scale, assisting long term economic development and increase in sustainable employment in Melbourne’s North.

Background

The Melbourne Innovation Centre (Darebin Enterprise Centre Ltd.) was established in 1998 to provide the environment and mentorship to contribute to the growth of SMEs and microbusinesses, and the creation of new jobs within the City of Darebin.

The organisation has incubated over 400 start-up and scale-up businesses throughout this period, creating in excess of 1,500 new jobs within Melbourne’s North and contributes approximately $66M to the Victorian Economy annually.

In 2008, the Melbourne Innovation Centre was recognised for its success and awarded International Business Incubator of the Year by the International Business Innovation Association (InBIA) and remain one of only three business incubators in Australia to receive this award.

This objective has been delivered in partnership with the City of Darebin by utilising, repurposing and managing significant assets in Alphington and Northcote. In 2010, Melbourne Innovation Centre established a Creative and Digital Arts Business Incubator (artDECL) within the former Northcote Police Station.

In 2014, MIC established the Banyule digiDECL coworking and community space, with the assistance of funds and support from Australia Post, Banyule City Council, Victorian Department of Human Services, Northern Melbourne Regional Development Australia and MIC Director Ahmed Hammam.

Following this, MIC continued its expansion by providing planning and management expertise to establish the Australia Post Small Business Hive in Geelong, VIC and in 2017 MIC opened a new incubator in Greensborough with the support and partnership of Melbourne Polytechnic.

MIC has demonstrated an ability to deliver highly impactful programs across Victoria. Through programs such as New Enterprise Incentive Scheme, Small Business Online and Digital Enterprise Program have delivered training and mentoring to over 3,500 SMEs and home based businesses.

In addition to this, MIC has supported the establishment and growth of over 100 indigenous owned and controlled enterprises through its Indigenous Business Incubator program.

Strategic Objectives

Support start-up and SME business development through effective delivery of business support in business incubators.

1) Develop, deliver and promote impact programs including the 2017 business accelerator.

2) Report regularly on incubator statistics and outcomes and acknowledge/celebrate success of the incubator and its clients.

3) Build upon success of digital programs by expanding the delivery mode from face-to-face to online delivery.

4) Establish a seed fund for priority and high potential clients to assist with start up capital.

Build strategic partnerships to grow value in Melbourne’s North

1) Assist all levels of government in delivering programs and spaces for home-base businesses and the contingent workforce.

2) Build on partnerships with major educational institutions in Melbourne’s North such as La Trobe University and Melbourne Polytechnic. Expand and develop student accelerator/incubation offerings.

3) Develop strategic partnerships with corporates and professional services organisations, extending to design and pilot of corporate innovation services.

4) Contribute to strategic initiatives delivering region wide impact, such as the establishment of the Northern Melbourne Food Industry Group

To provide flexible environments and attract high potential clients from across Melbourne’s North

1) Work with local government(s) where applicable to redevelop incubator sites in order to address aging infrastructure and create purpose-designed spaces for local business development.

2) Create accessible and flexible workspaces for local community home-based business and the broader contingent workforce.

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