With the goal and in concurrence with worldwide trends of boosting entrepreneurship amongst students and academic staff, the University of Ljubljana (UL) has founded Ljubljana University Incubator (LUI) in 2004.
We are “personal entrepreneurship coaches” who help entrepreneurs and everyone who would like to become one test their ideas in industry. We thoroughly change the conditions for the establishment and development of innovative enterprises.
We offer a perfect working environment where:
- promising start-up companies utilize cutting-edge knowledge generated within the University of Ljubljana;
- technological progress is created;
- knowledge and technologies are transferred to industry;
- interdisciplinary teams generate interdisciplinary knowledge;
- new jobs are created.
We aim to become an internationally acclaimed university incubator serving as the best platform to newly established enterprises when entering the business arena.
We believe that, through our presence, we foster ingenuity and courage; we work in a pleasant, creative and open atmosphere; we are reliable partners and collaborators who strive for success of our own incubator, our businesses and the Slovenian market as a whole.
Long-term strategic directions and goals
To achieve the vision and fulfill its mission, the University Incubator (LUI) has set the following strategic goals and policies:
- To improve the transfer of knowledge between the University of Ljubljana (UL) and industry.
- To stimulate the development of the central Slovene region and the whole country and to improve the competitiveness of Slovene economy.
- To raise entrepreneurial awareness within the university environment, and encourage young people to realize their business ideas in the form of existing or newly established enterprises.
- To stimulate and facilitate the formation of research and high-tech companies.
- To actively contribute to the establishment of university spin-off/spin-out companies.
- To create new jobs and thus contribute to increasing the employability of University of Ljubljana graduates.
- To improve business knowledge and skills of students, alumni, researchers and professors of the University of Ljubljana, especially at faculties where these skills are not acquired during the regular study course.
- To increase the percentage of women active in the entrepreneurial arena.
- To increase the exchange of information between LUI and the UL and more generally, among the institutions supporting the entrepreneurial environment and the general public.
- To increase the recognizability of the LUI trademark in Slovenia and abroad, aiming it at becoming a synonym for entrepreneurial success.
In order to achieve its strategic objectives, the Ljubljana University Incubator, following the example of the world’s best incubators and on the basis of several studies, is developing mechanisms and activities that will help to achieve these objectives on an annual basis.
LUI’s main pillars
LUI is trying to be more innovative and more effective than similar supporting institutions in Slovenia and abroad. With this in mind, we have introduced seven basic pillars with which we aim to achieve our short-term and long-term goals:
Proudly presenting the successes of LUI members up to 2015
By the end of 2014, Ljubljana University Incubator (LUI) had 126 members, 37 of them were in the incubation process. In 2014 alone, we accepted 22 new start-ups into the incubation process. We are extremely proud of the good results our members achieve.
As much as 42% of incubated companies and alumni are already present on foreign markets, particularly in EU countries, countries of SE Europe and USA, but also in China, Iran, Mexico, Canada, Argentina, UAE…
The potential of LUI’s start-ups is recognized by domestic and foreign investors. By 2014, LUI’s start-ups have received 26 investments totaling to €16 million. They are also successful in obtaining non-repayable funds. With an 83% success rate, LUI’s start-ups were one of the most successful applicants at obtaining grants in the P2 Competition held by the Slovene Enterprise Fund. Some of the main selection criteria were potential and technological innovation.
LUI’s start-ups operate and employ despite the economic crisis. In 2014, they opened 347 vacancies, mainly in the fields of development and marketing. Between 2008 and 2014, they generated more than €40 million of revenues. Among the 126 members of eight generations of companies, very few have ceased to operate, and one of them was sold. The degree of viability is 95%.
Among the 10 finalists of the 2014 Startup Slovenia’s competition for the start-up of the year, 6 of them were LUI members.