Macau Spin is an incubator established by the University of Saint Joseph (USJ) in partnership with BN Lawyers and Mr. Marco Rizzolio. The incubator is a project under the Faculty of Business and Law (FBL) at USJ, which serves as a platform for startups from Portuguese Speaking Countries (PSCs) to incubate in Macau and be bridged to incubators in the Greater Bay Area (GBA) and vice-versa.
The strategy of Macau Spin lies in developing a network of strategic partners which are incubators, potential investors, mentors, and experts in and of the PSCs and GBA markets. This allows Macau Spin to contribute to the positioning of Macau within the GBA as a platform for the PSCs, as well as exploiting the strength of USJ in its connection and knowledge of the PSCs.
Macau Spin provides office space, consultancy, mentorship, networking events, field trips, and business pairing opportunities for its members (startups at Macau Spin). As a project under the USJ-FBL, the services provided by Macau Spin creates synergy with the faculty projects, which can effectively maximize the benefits of the projects and minimize human resources.
The initial investment for Macau Spin involves restructuring the 12th floor of the Residential Hall at USJ’s Ilha Verde Campus. The facility development budget is estimated at MOP1,130,930, and capital expenditure is budgeted at MOP665,100 for complete renovation work. Including an operating cash flow for the first two years of operation of MOP1,103,970, the total investment for Macau Spin is at MOP2.9 million.
Before investment in construction, the first phase of the project is to provide the services as stated without the office space; hence, providing a virtual office or temporary office on the campus of Ilha Verde should members need a physical space.