Innovate Vancouver has franchised its business model for entrepreneurs and tech startups interested in leveraging an open source approach. This approach is built upon scalable best practices for product & service development, distribution, and design.
Content Available on this Page
Thinking of starting a new business? The Leadership Innovation – Business in a Box – Roadmap can help your team. It will get your new company up and running fast. Learn the basics of leadership, workplace diversity innovation, project planning, and pitching your business idea.
The Innovation Leadership Roadmap is included in the full package for an additional $6,000.00 (or $9,00.00 separately, 20-25 people).
The following article provides a high-level overview of the Franchise application process, and the different packages available. The end of this article links to additional resources and tools that will be avialable for strengthening your business efforts.
Deciding to pursue a startup business depends on the individual’s area of interest and expertise. It also depends on their resources and breadth of experience. Additionally, their ability to invest the time and effort necessary is crucial to ensure the business is successful.
Click on the button below to enlarge the image describing the Franchise application process.
IMPROVING BUSINESS SUCCESS RATES
“It’s often said that more than half of new businesses fail during the first year. According to the Small Business Association (SBA), this isn’t necessarily true. The SBA states that only 30% of new businesses fail during the first two years. Also, 50% fail during the first five years. Finally, 66% fail during the first 10.”
“It’s often said that more than half of new businesses fail during the first year. According to the Small Business Association (SBA), this isn’t necessarily true. The SBA states that only 30% of new businesses fail during the first two years. 50% fail during the first five years. 66% fail during the first 10 years.” Beginning with a strong foundation can make a significant difference. The type of foundation needed will depend on the entrepreneur’s skill set, goals, and technical resources.”
An open source approach to business model development supports additional benefits including scalability, efficiency, and relevance within an ever-changing environment.
FRANCHISE PACKAGES
The following franchise packages are available from Innovate Vancouver. Click on each tab to read more.
Full Package
Fees: $15,000 initial fee + 5% annual royalties for a 5-year term.
This package includes the following options:
Technology
- Website Template (does not include hosting)
- Android Business App (Text & Image based)
- Shared Content & Online Interactive Tools
- Website Management Assistance (Q&A, basic WP training, etc.)
Branded Resources
- Shared Trademarks
- Coaching & Training
- Operations Manual
- Branded Documents & Brochures
- Assitance with Permits, Registrations, and Incorporation (refer to a lawyer for legal assistance and advice)
- Marketing & Advertising Assistance
Includes Copy of the Following Business Publications:
- Project Management Blueprint
- A System’s Thinking Approach to Leadership Innovation: Building Your Leadership Innovation Plan
- A System’s Thinking Approach to Workplace Diversity Innovation
Per the BC Franchise Act:
- Franchise Agreement
- Disclosure Document
Intermediate Package
Fees: $10,000 initial fee + 5% annual royalties for a 5-year term.
This package includes the following options:
Technology
- Shared Content & Online Interactive Tools
- Online Support
Branded Resources
- Shared Trademarks
- Operations Manual
- Branded Documents & Brochures
- Assitance with Permits, Registrations, and Incorporation (refer to a lawyer for legal assistance and advice)
Includes Copy of the Following Business Publications:
- A System’s Thinking Approach to Leadership Innovation: Building Your Leadership Innovation Plan
- A System’s Thinking Approach to Workplace Diversity Innovation
Per the BC Franchise Act:
- Franchise Agreement
- Disclosure Document
Basic Package
Fees: $5,000 initial fee + 5% annual royalties for a 5-year term.
This package includes the following options:
- Shared Content & Online Interactive Tools
- Shared Trademarks
- Branded Documents & Brochures
- Opening Day Promotional Support
- Operations Requirements – Checklist
Per the BC Franchise Act:
* Franchise Agreement
* Disclosure Document
Several packages are available beginning at $5,000 initial fees to $15,000 for a full package. Contact Innovate Vancouver for more information! Additional information is provided below.
RESOURCES
Download a copy of the informational brochure on Innovate Vancouver’s Franchise Packages
Additional information about the advantages of franchising can be viewed here
A digital copy of the Operations Manual will be made available (upon purchase of a Franchise Package) on Scribd.com.
The manual can be viewed online. You can also view it through the Scribd app. The app can be downloaded for free from the Apple and Google Play store!
CONTACT FORM