- A Pool of Skilled Talent: While The Difference Engine may be able to get these people on the ground in Middlesbrough, what happens when the team needs to go from 2 to 3? What happens when it needs to go from 3 to 10? Where are they going to get the talent? They'll have to leave Middlesbrough, that's what.
- Sources of Funding: This is a longer-term thing for an incubator, but you need to have the sources involved relatively early and often to make it a success; YCombinator flew the Cambridge guys to Silicon Valley just to give them experience with the funding scene, and Cambridge already has quite a few big name VCs. Middlesbrough? How many European VCs have ever been there?
- Entrepreneurial Culture and Mentors: You've got the guys directly involved with The Difference Engine, but what about other people who have run the whole cycle a few times and can act as passive or active mentors?
5 hours ago