Roles and tasks of the Incubation Director
The Incubation Manager plays a key role in facilitating the growth and development of new businesses and start-ups. They offer entrepreneurs invaluable support and advice to help them turn their ideas into reality. The main responsibilities and tasks of an Incubation Manager are as follows:
- Offer advice and ideas to entrepreneurs on the legal, financial and commercial aspects of their business.
- Develop and manage an incubation programme with clear objectives and criteria.
- Identifying opportunities and risks for new businesses and start-ups, and helping entrepreneurs to respond to them.
- Develop and implement strategies to help entrepreneurs access capital and strategic partnerships.
- Working with mentors, professionals, investors and incubators to support new businesses and start-ups.
- Facilitate communication between entrepreneurs, mentors, investors and strategic partners.
- Preparing and presenting reports, budgets and business plans to investors.
- Develop and maintain relationships with media, business and support organisations to promote business growth.
- Developing strategies to guide new businesses and start-ups into new markets.
- Ensure the smooth running and management of websites and social networks for new companies and start-ups.
The Incubation Director must be an inspirational leader and a skilled guide for entrepreneurs. He or she will offer innovative support and world-class advice to entrepreneurs looking to launch and grow their businesses.
Salary and career development of an incubation director
An incubation director is a professional who leads and manages an incubator and its activities. The remuneration of professionals in this industry varies according to several factors, including experience, the size of the incubator and the type of activities. In France, gross annual salaries are as follows:
- 0 to 2 years: between €30,000 and €40,000 ;
- 2 to 5 years: between €40,000 and €60,000;
- 5 to 10 years: between €60,000 and €80,000;
- 10 to 15 years: between €80,000 and €100,000;
- Over 15 years: 100,000 euros or more.
In addition to a substantial salary, an incubator director benefits from a highly rewarding professional environment, open to a multitude of different professions. Here are five possible careers:
- Incubation programme director
- Business development consultant;
- Innovation Director