Building a strong ecosystem for startup incubation starts with a foundation of integrity, diversity and collaboration.
A philosophy of integrity satisfies the authorities while attracting mainstream players with the capital to bootstrap project development. A collaborative environment is formed to attract talented individuals who are motivated to work together and create viable products. This framework retains talent and rewards their expertise.
Ecosystem and community
The computing age and the Internet have enabled new technologies thanks to the passion and commitment of volunteers. Linux has been a big success in the open-source arena with a 66 percent market share in web-based servers and 99.79 percent in supercomputers. The SourceForge repository showcases over 430,000 open source projects.
Decentralized development has fueled many of these projects, including Blockchain technology. Decentralized code development provides the framework for fast and efficient project execution. Traditional approaches to project management and leadership still need to be maintained.
Hard-working developers have the motivation to succeed, while at the same time enjoy flexibility in their schedule and workspace. When an ecosystem has a whole community that works together, each participant has a devoted motivation for their project to grow from infancy to maturity and ideally sustainability.
Passion + Expertise + Capital = Success
Employment opportunities and Blockchain incubation
Blockchain incubator, Adel Ecosystem, Ltd. is revolutionizing the Blockchain incubation process by offering employment opportunities to community members. By having members participate in idea development through to project execution, each participant has a vested interest in ensuring success. They have a personal and financial interest in that growth.
The unsung benefit becomes the vast employment opportunities for members across multiple projects. In addition, knowledge and lessons learned on one project can then be utilized in future initiatives. Systematic business planning creates its own efficiencies.
Gabriel Dusil, Adel co-founder, comments:
“We think that employment is a unique benefit of our ecosystem. The members have a vested interest in wanting their projects to be successful. It’s their baby. They invested their hearts, minds and money into the initiative. We feel this is the magic formula behind what we are creating.”
A collaborative environment for Blockchain incubation offers its members a central platform from which to incubate ideas. Funding options need the flexibility to accommodate both a wider consensus and a narrow one.
There needs to be a pool of experts who know how to build businesses, mitigate weaknesses, and maximize revenue potential.
Furthermore, the open nature of Blockchain requires transparency in various activities of the community, such as voting, key performance metrics (KPIs) of projects and collaboration.
– By Gabriel Dusil and Jessica Allen