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the SME revitalization of Vukovar-Srijem County

Vukovar Business Innovation Center (BIC) Project. the SME revitalization of Vukovar-Srijem County. The William Davidson Institute (WDI) Business Innovation Croatia (BICRO). On Location in Croatia. Eastern Croatia’s War Devastation. UMBS/WDI office in Vukovar (the one on the right).

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the SME revitalization of Vukovar-Srijem County

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  1. Vukovar Business Innovation Center (BIC) Project the SME revitalization of Vukovar-Srijem County The William Davidson Institute (WDI) Business Innovation Croatia (BICRO)

  2. On Location in Croatia

  3. Eastern Croatia’s War Devastation UMBS/WDI office in Vukovar (the one on the right) Downtown Vukovar A destroyed shoe manufacturing plant

  4. Research Methodology Resource Intensive Knowledge Intensive Labor Intensive Technology Intensive Potential Entrepreneurs Research Tracks Industries Interview Locations Local Experts Total Interviews • Agriculture • Food Processing • Animal Breeding • Wood Processing • Wineries • IL, VK, VU, ZU • FLAG • S. Fodor • Lateran Family • 12 • Retail Stores • Financial Services • Engineering • Custom Metals • Hotels & Tourism • IL, VK, VU, ZU • Z. Ivanisevic • 8 • Leather • Textiles • Construction • VK, VU, ZU • D. Kadoic • 8 • Graphics • Computer Tech • Agriculture Tech • Electronics • Radio, TV, Film • VK, ZU • A. Radosevic, et al • 6 • All industries • VK, VU, ZU • Z. Cordasic, et al • 6

  5. Newspaper Article TECHNOLOGY CENTER OSIJEK (TO BE ESTABLISHED) SEAF Croatia Assessing the Entrepreneurial Interest Catch the Entrepreneurial Spirit University of Osijek Presentation June 15, 1999

  6. SME Needs Assessment Education Requirements Capital Availability Business Cooperation Familiarization with Western Business Practices Stability and Shelter Coping with the Liquidity Crisis

  7. A Business Innovation Center (BIC) to develop the region’s small and medium sized businesses (SMEs) and entrepreneurs A New Approach to Development Economic Downturn War Devastation Ethnic Tension

  8. Vukovar Business Innovation Center (BIC) VU VK Vukovar Headquarters & Incubator IL ZU Vukovar-Srijem County Vinkovci Admin Office & Incubator Ilok Admin Office & Incubator Local Business Network Zupanja Admin Office & Incubator Local Community

  9. Consulting • Business plans • Marketing plans • Management advice • Domestic contacts • International contacts • LBN Support • Low-cost business support services • Internet cafe • Contacts database • Training seminars Local Business Network (LBN) Local Office Admin Office & Incubator • Training • Business plans • Marketing plans • Bookkeeping • Contracts • Computers/Internet • Financial • Accessing credit • Financial/tax advice • Accounting support • Financial software • Incubator • Offices/conf. room • LAN computers • Internet access • Photocopying/fax • Receptionist Vukovar BIC Services

  10. Design & Marketing Local Produce Drying Wood Working Herbs Regional Specialties Wood Processing Agribusiness Sawmill Related Materials Equipment Leasing Freezing or Drying Forestry Mgmt. Grading & Selling Logging Supply Stores Graphic Design Market Research Accounting Services Business Support Services Website Design Shipping Warehouse Catering Legal Services BIC Cluster Development

  11. Agribusiness Cluster and the Value Chain Research Education Training Advocacy Agritourism Wines & Spirits Seed Suppliers Storage Facilities Specialized Cooperatives Specialized Marketing Medical Herbs Specialized Transport Equipment Suppliers Chemical Treatments Import Export Organic Specialists Food Processing Export Crops Veterinary Services RAW GOODS FINISHED GOODS MARKET

  12. Project Partners as Knowledge Pools Financing Institutions BICRO Technology Centers Knowledge Pools LBN SEED Univ. of Osijek & Zagreb BIC Staff & Consultants WDI/ UMBS County Chambers

  13. Key Success Factors Finding an excellent General Manager Getting the LBN to scale quickly BIC reflecting community goals Project Risks BIC staff reactionary not forward-looking Companies not accessing credit Companies not cooperating A Results-Oriented Project Measurable Results • Incubator tenants served • SMEs served in the LBN • New businesses created • New jobs created • Improvement in new business • success rate

  14. Russia Kosovo China Lebanon Morocco Honduras Pakistan Vietnam Nicaragua India Philippines Uganda Zaire Colombia Indonesia Namibia Peru South Africa Uruguay Transition Economies Post-Conflict Regions UMBS and SME Development Business Innovation Center (BIC) Potential Worldwide

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