Summary

Need a substantial amount of money to expand your facility or fund a special project? Experienced NBIA members share tips and strategies for making your capital campaign a success.

Tips for launching a successful capital campaign

by Carol Brzozowski and Meredith Erlewine

February 2005

Your incubator has been operating successfully for some time and you’d like to focus on a new sector, such as life sciences. Or perhaps your facility is consistently full and you need more space to meet demand.

Because most incubators’ operating budgets can’t handle such big strategic moves, some turn to capital campaigns to cover the costs. A capital campaign is an intensive, time-limited fund-raising endeavor to meet a specific financial goal to fund a special project. Recent capital campaigns have helped incubators expand facilities or build new ones, and have helped established incubators address new segments.

A capital campaign is a huge undertaking of both time and money. But even though a capital campaign is a lot of work, a well-planned strategy executed by a strong team of volunteers, consultants and in-house staff can cement the incubator’s future.

NBIA asked several members who have conducted capital campaigns to share their tips and strategies.

NBIA members: Click here to read the entire article. Not an NBIA member? Click here to join today!

This article also is available as a PDF Quick Reference document through the NBIA Bookstore.

Keywords: budget -- incubator, consultant, financial management -- incubator, funding sources/fundraising -- incubator, partnerships -- organizational/corporate

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