INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Business Angels Region Stuttgart

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Business Angels Region Stuttgart"

Transcription

1 INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Business Angels Region Stuttgart Stuttgart Region, Germany

2 Table of contents 1. Good Practice Profile Good Practice General Description Good Practice Analysis Lessons Learnt Page 2

3 1. Good Practice Profile 1.1. Name of good practice. Business Angels Region Stuttgart (BARS) Localisation of the good practice. Stuttgart Region, Germany Promoter of good practice. Stuttgart Region Economic Development Corporation Sources of information (website): Contact details. Dr. Andreas Chatzis Stuttgart Region Economic Development Corporation Tel.: Policy area addressed. Networking and Collaboration. Human Capital and Entrepreneurship Culture. IP management and Technology Markets. Access to Finance. Knowledge and Science and Technology base Page 3

4 1.7. Role/s played by regional public authorities. Enabler. Director. Facilitator. Financier Open Innovation Framework Conditions addressed. Capability: ability to exploit full potential. Network: interaction among actors in innovation systems. Institutional: Innovation system actors (universities, patent offices, ). Framework: regulatory frameworks, IPR regime, consumer demand. Policy: governance capacity Specific aspects dealt with in relation to the regional conditions conducive to better Open Innovation practices. Innovative coaching Critical mass of high quality research. Integrated approach on research valorisation: multidisciplinary team & high value services. Clear incentives and policies to encourage research groups and departments to actively seek knowledge transfer opportunities. Creation of appropriate entrepreneurial climate in a university context. Legal context with respect to exploitation of academic research. Innovation systems available in the region. Research and technical development Performing technological due diligence (assessing how unique the methodology/action is in the world / on the market). Creating an appropriate IP strategy. Developing a balanced innovation strategy (including R&D roadmap, balanced portfolio of short, medium and long term R&D objectives). Identifying and providing access to specialised R&D equipment and facilities. Identifying and relating to (global) networks of world-class scientists, experts, technical and/or industrial partners. Page 4

5 Operalisation Creating infrastructure for the valorisation or transfer process. Manage tacit knowledge in relation to hard knowledge, in order to implement the full picture. Developing adequate contractual arrangements related to IP/liabilities, partners and stakeholders. Management and organisation Developing management capabilities (decision making skills, deal making skills, presentation skills, etc.). Formation of a Board of Directors with management experience. Formation and development of a senior management team with business experience. Developing adequate HR administrative procedures and arrangements (incl tax/legal aspects). Page 5

6 2. Good Practice Description 2.1. Brief description (one page max.) Business Angels Region Stuttgart (BARS) was established at the end of 2003 as a joint initiative by the Stuttgart Region Economic Development Corporation, the City of Stuttgart, i.con (a private consultancy company) and several entrepreneurs. It is organized as an association (e.v.) in which all founders and new Business Angels are members. The association s branch office (contact point for investors, coordination) is managed by the Stuttgart Region Economic Development Corporation while the clearing agency (contact point for capital seeking start-ups) is managed by i.con innovation GmbH. BARS is a network of private investors, willing to invest in new technology-based firms (NTBF). In addition, it is a model of early stage financing aiming at the great potential of young high-tech firms. The association arranges contacts between selected innovative start-ups and private investors. The members of BARS are successful and well-funded entrepreneurs with experience in managing a company. They invest in promising firms with their own capital (30, ,000 EUR) in the early development stage in order to reduce the funding gap. Business Angels support young knowledge-based companies with their business experience, management and leadership skills and their network contacts. Individual mentoring, confidentiality and integrity are basic principles. BARS is bound in the regional start-up community and closely cooperates with PUSH!, a network of partners for academic start-ups, which was founded in 1998 under the auspices of Stuttgart Region Economic Development Corporation. BARS aims at fostering a Business Angels culture in the Stuttgart Region and the federal state of Baden-Württemberg to strengthen the regional culture of self-employment and entrepreneurship. Both, the start-ups and the Business Angels, are supported to be successful with their investment and to realize a good rate of return. Aid for innovative, young firms is regarded as highly important for the future development of the region. Start-ups and young firms should be based on innovative research results respectively knowledge-intensive technologies (preferred research spin offs). While all sectors are of interest for investments, the main focus lies in engineering, biotechnology and medical science as well as information and communication technologies. Preferably their place of business is or will be the Stuttgart Region respectively Baden-Württemberg. Investments by Business Angels are intended for long-term involvement. To ensure the sustainability of the investments, the applications from start-ups or young firms are previewed and preselected by the clearing agency, before contact to Business Angels is Page 6

7 made. Only promising concepts afterwards run through a specified due diligence process. The start-ups have to present their profile, idea and business plan. The aim is an investment with calculable chances and risks and with prospect of a long-term as well as fruitful partnership Key features of the good practice. Creating a new investment culture Network of private investors, willing to invest in NTBF (early stage) Bundling know-how of regional partners Regional focus: fast, direct and personal Business Angels are willing to provide risk capital, know-how and business contacts BARS as equity broker 2.3. Base financing for the good practice. The funding for the BARS association is provided by the Stuttgart Region Economic Development Corporation and mainly includes personnel expenses for establishing and running the association s sociation s coordination office. All members of BARS have to pay an annual membership fee of 500 EUR, which is used to finance events and marketing activities. The executive board of the association works voluntarily whereas the clearing agency is self-financing (ROI, consulting services) Owner of the good practice. Business Angels Region Stuttgart e.v. is owned by the Stuttgart Region Economic Development Corporation Background and prior references: is the good practice a spin-out? As there were considerations how to bridge the gaps in early stage financing for young high-tech firms, the Stuttgart Region Economic Development Corporation together with the City of Stuttgart developed the concept of Business Angels Region Stuttgart and searched for potential investors within the region, using the existing regional networks. The concept was a successful transfer of the Cambridge Early Stage Financing system integrating Business Angels and private equity funds. Stuttgart Region Economic Development Corp. got to know this best practice through the EU-funded project SPRING under the PAXIS initiative Maturity of the good practice. BARS was founded in The number of members is currently 31, starting with 10. Further (slow) growth is projected, however high quality is in general much more Page 7

8 important than quantity, referring to the basic principles mentioned above and the sustainability of the initiative Sustainability of the good practice. BARS was designed as a permanent initiative. Taking into account the experiences gained within the 8 years of existence, it is constantly enhanced. Since the start of the initiative, there has been no exit of an investor so far. In 2010 BARS started a new initiative: the BARS Beteiligungs GmbH (equity holding company) was founded by Business Angels, who committed themselves to invest in a seed capital fund. It offers co-investments when Business Angels make a single investment or if another lead-investor is in charge. Up to now the capital stock amounts to 575,000 EUR, sufficient for 5 to 6 co-investments (3 have already been arranged). With it the financial basis of start-ups can be improved and the risks of single investments are limited. Page 8

9 3. Good Practice Analysis 3.1. Criteria used to evaluate the Good Practice and main success factors. As main indicators for evaluation serve the number of members of the Business Angels network and the amount of investments made plus all investments generated additionally. Generally the measurable indicators are more qualitative than quantitative, as for example the private investments by Business Angels are normally not made public. As main success factors of BARS can be noted: Close contact to universities and research institutes by link to PUSH! (see 2.1) Institutionalisation of BARS: Institutionalised sed as association (e.v.) Democratic structures and clear decision process Creation of trust between network members Slow growth, focus on quality instead of quantity Could be fostered by strict affiliation criteria, e.g. membership fee, commitment to invest in capital seed fund, no consultants Clear benefit for Business Angels Experienced investors can fulfil role as a mentor Personal links between Business Angels and venture capital organisations Easier access to public investment programmes High grade of flexibility in terms of possible investment constellations High efficiency through bundling competencies on a regional level 3.2. Good Practice Results and impact indicators. Number of BARS members increased from 10 to investments have been made by Business Angels No exits of investors so far requests per annum presentations by start-ups p.a investment interviews p.a. 3-5 investments p.a Level of importance for Good Practice s success of (1-5 scale, 1 = low...5 = Very high) Please rate the level of importance of the following elements in their contribution to the success of the good practice. Page 9

10 Element Building a partnership Ensuring contribution from the private sector Placing the project into wider policy context Ensuring political support Planning and formulating a proposal Administrative management Externalising management of activities Private financial resources (investments) Public financial resources (coordination office) Addressing a clear need/demand Filling a gap in the innovation infrastructure Stakeholders involvement Description of Stakeholders involved: Stuttgart Region Economic Development Corporation (WRS) City of Stuttgart i.con innovation GmbH Several entrepreneurs acting as Business Angels Stakeholders who participated in the design of the good practice and level of involvement during planning stage: Stakeholder Regional public authority Regional agency (WRS) Knowledge Institutes Companies Page 10

11 Business networks National public authority National agency Other: private investors (Business Angels) Actors who participated in the implementation of the good practice and level of involvement during implementation stage: Regional public authority Regional agency (WRS) Knowledge Institutes Companies Business networks National public authority National agency Other: private investors (Business Angels) Page 11

12 4. Lessons Learnt 4.1. Lessons Learnt: Things you would do differently if you were to start again. At the beginning the number of requests from start-ups was small. Looking for the reason the marketing activities emerged to be insufficient. Consequently the internet presence of BARS was newly designed with emphasis on higher attractiveness, more clarity and more transparency. Apart from that, the initiative developed very well. Nevertheless some factors should be taken into account for a successful implementation: A network like BARS highly depends on the characters involved. Therefore the network manager needs to be both communicative and empathetic. The selection of firms for potential investments is crucial and must be taken with care. Trust between the network members has to develop (private investments are a sensitive topic) and should be fostered by confidence-building activities. So openness will grow. Confidentiality may be essential to some members and must be guaranteed. For the growth of such a network transparency to some extent may be helpful. Patience is needed anyway. Page 12

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Knowledge Management Centre. West-Transdanubia, Hungary

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Knowledge Management Centre. West-Transdanubia, Hungary INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Knowledge Management Centre West-Transdanubia, Hungary Table of contents 1. Good Practice Profile... 3 2. Good Practice General Description... 6 3. Good Practice

More information

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Aalto Design Factory. Helsinki, Finland

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Aalto Design Factory. Helsinki, Finland INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Aalto Design Factory Helsinki, Finland Table of contents 1. Good Practice Profile... 3 2. Good Practice General Description... 7 3. Good Practice Analysis...

More information

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Birmingham Science Park Aston. Birmingham, United Kingdom

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Birmingham Science Park Aston. Birmingham, United Kingdom INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Birmingham Science Park Aston Birmingham, United Kingdom Table of contents 1. Good Practice Profile... 3 2. Good Practice General Description... 6 3. Good

More information

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Waterloo University Waterloo, Ontario, Canada

INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Waterloo University Waterloo, Ontario, Canada INVENTORY OF GOOD PRACTICES ON OPEN INNOVATION Waterloo University Waterloo, Ontario, Canada Table of contents 1. Good Practice Profile... 3 2. Good Practice Description... 6 3. Good Practice Analysis...

More information

ELEFTHO : Supporting Business Incubators & technology parks.

ELEFTHO : Supporting Business Incubators & technology parks. ELEFTHO : Supporting Business Incubators & technology parks. Region of Central Macedonia Task Page 1 of 14 Contents Description of policy... 3 Name of the policy... 3 Responsible body... 3 Implementation

More information

Session 5: Sub-national innovation systems. Challenges and experiences

Session 5: Sub-national innovation systems. Challenges and experiences Minas Gerais meeting towards the national conference of S&T 2010 PRAGMATIC APPROACHES TO TECHNOLOGY TRANSFER AND COMMERCIALISATION Session 5: Sub-national innovation systems Challenges and experiences

More information

Russell Group response to Science and Technology Committee s inquiry on Bridging the valley of death: improving the commercialisation of research

Russell Group response to Science and Technology Committee s inquiry on Bridging the valley of death: improving the commercialisation of research Russell Group response to Science and Technology Committee s inquiry on Bridging the valley of death: improving the commercialisation of research Summary The Russell Group is pleased to contribute evidence

More information

REMARKS BY H.E. MARTHA POBEE ON WOMEN AND YOUTH ENTREPRENEURSHIP IN AFRICA: THE IMPACT OF ENTREPRENEURIAL EDUCATION ON DEVELOPMENT

REMARKS BY H.E. MARTHA POBEE ON WOMEN AND YOUTH ENTREPRENEURSHIP IN AFRICA: THE IMPACT OF ENTREPRENEURIAL EDUCATION ON DEVELOPMENT REMARKS BY H.E. MARTHA POBEE ON WOMEN AND YOUTH ENTREPRENEURSHIP IN AFRICA: THE IMPACT OF ENTREPRENEURIAL EDUCATION ON DEVELOPMENT UNITED NATIONS, NEW YORK, 13TM JUNE, 2016 I thank the co-sponsors for

More information

The Company of the Future Frances Cairncross

The Company of the Future Frances Cairncross The Company of the Future Frances Cairncross BOOK OVERVIEW In The Company of the Future: How the Communications Revolution is Changing Management, Frances Cairncross spells out the growing need for managers

More information

UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29 MAY 2015 POLICY FOR THE COMMERCIALISATION OF RESEARCH RESULTS 9 MARCH 2015

UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29 MAY 2015 POLICY FOR THE COMMERCIALISATION OF RESEARCH RESULTS 9 MARCH 2015 UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29 MAY 2015 POLICY FOR THE COMMERCIALISATION OF RESEARCH RESULTS 9 MARCH 2015 57 INVENTION DISCLOSURES IN 2014 UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29

More information

UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29 MAY 2015 POLICY FOR THE COMMERCIALISATION OF RESEARCH RESULTS 9 MARCH 2015

UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29 MAY 2015 POLICY FOR THE COMMERCIALISATION OF RESEARCH RESULTS 9 MARCH 2015 UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29 MAY 2015 POLICY FOR THE COMMERCIALISATION OF RESEARCH RESULTS 9 MARCH 2015 92 INVENTION DISCLOSURES IN 2015 UNIVERSITY OF HELSINKI INVENTION GUIDELINES 29

More information

Financing for innovative development

Financing for innovative development Financing for innovative development Business angel investing in Europe Thursday, May 3rd 2007 Claire Munck General Manager European Business Angel Network Index Characteristics of Business Angels Characteristics

More information

Business Angels - an alternative source of financing innovative SMEs

Business Angels - an alternative source of financing innovative SMEs Business Angels - an alternative source of financing innovative SMEs EBAN The European Trade Association for Business Angels, Seed Funds and other Early Stage Investors Jacek Blonski Vice President European

More information

arly Stage Financing in European Regions: Selected Best Practices - Bratislava, 15 July 2004 -

arly Stage Financing in European Regions: Selected Best Practices - Bratislava, 15 July 2004 - arly Stage Financing in European Regions: Selected Best Practices - Bratislava, 15 July 2004 - Dr. Rolf Reiner, SPRING Thematic Network Stuttgart Region Economic Development Corporation ntent PAXIS X-network

More information

source of financing innovative SMEs

source of financing innovative SMEs Business Angels - an alternative source of financing innovative SMEs EBAN The European Trade Association for Business Angels, Seed Funds and other Early Stage Investors Jacek Blonski Vice President European

More information

STRENGTHENING NATIONAL SYSTEMS OF INNOVATION: THE IMPORTANCE OF NATIONAL COLLABORATION, INCUBATORS, ENTREPRENEURSHIP AND NICHE MANAGEMENT

STRENGTHENING NATIONAL SYSTEMS OF INNOVATION: THE IMPORTANCE OF NATIONAL COLLABORATION, INCUBATORS, ENTREPRENEURSHIP AND NICHE MANAGEMENT STRENGTHENING NATIONAL SYSTEMS OF INNOVATION: THE IMPORTANCE OF NATIONAL COLLABORATION, INCUBATORS, ENTREPRENEURSHIP AND NICHE MANAGEMENT UNFCCC Workshop on National Systems of Innovation and Climate Technology

More information

Strategic Management in Early Stage Venture Capital Funds - a Longitudinal Analysis of Success Factors in German Funds

Strategic Management in Early Stage Venture Capital Funds - a Longitudinal Analysis of Success Factors in German Funds Strategic Management in Early Stage Venture Capital Funds - a Longitudinal Analysis of Success Factors in German Funds Authors: Michael Schefczyk, Andreas Pinkwart, Torsten Fiegler, Dorian Proksch Introduction

More information

Commercialization Overview The Austin Model. Laura J. Kilcrease Triton Ventures

Commercialization Overview The Austin Model. Laura J. Kilcrease Triton Ventures Commercialization Overview The Austin Model November 2004 Laura J. Kilcrease Triton Ventures laura@tritonventures.com 2004 Triton Ventures 1 Commercialization The Austin Model Establish excellence in R&D

More information

3. What is Incubation?

3. What is Incubation? In reality both approaches have their place and need to be balanced in identifying the impacts achieved by public policy initiatives and learning how to improve them. This theme will surface again in the

More information

austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic

austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic Agenda About aws aws policy and instruments for innovation Programs and Instrumens for innovative companies Programs and Instrumens for High-Tech

More information

Bridging Innovation and Business

Bridging Innovation and Business Otaniemi Incubation Excellence Bridging Innovation and Business Pertti Vuorela, Technopolis Ventures Ltd. Networking Model in Business exploitation Otaniemi High-Tech Area Academic & Research Partners

More information

Your ideal partner in commercializing inventions!

Your ideal partner in commercializing inventions! Your ideal partner in commercializing inventions! It is not enough to merely have more ideas than others; one must also have the ability to decide which of these ideas are good. Linus Carl Pauling (1901-94),

More information

Guidelines for the National IP Strategy of the Republic of Macedonia (2013 2016) Version 2

Guidelines for the National IP Strategy of the Republic of Macedonia (2013 2016) Version 2 Guidelines for the National IP Strategy of the Republic of Macedonia (2013 2016) Version 2 Contents 1. General information on IP strategy... 2 What Is An Intellectual Property Strategy?... 2 Why Is An

More information

The Role of Research Institutions in the Formation of the Biotech Cluster in Massachusetts

The Role of Research Institutions in the Formation of the Biotech Cluster in Massachusetts The Role of Research Institutions in the Formation of the Biotech Cluster in Massachusetts Lita Nelsen Massachusetts Institute of Technology Cambridge, December 2005 The Massachusetts Biotech Cluster 2005

More information

Supporting Young Individuals with Ideas: a Case Study of a Swedish Entrepreneurship Programme

Supporting Young Individuals with Ideas: a Case Study of a Swedish Entrepreneurship Programme Multi-Year Expert Meeting on Enterprise Development Policies and Capacity-building in Science, Technology and Innovation (STI) (Fourth session) Geneva, 16-18 January 2012 Supporting Young Individuals with

More information

EXTERNAL COMMUNICATION PLAN OF THE CERIM PROJECT

EXTERNAL COMMUNICATION PLAN OF THE CERIM PROJECT EXTERNAL COMMUNICATION PLAN OF THE CERIM PROJECT Copyright CERIM This project is implemented through the CENTRAL EUROPE Programme co-financed by the ERDF. 1. DIRECTORY 1. Directory 2 2. Introduction 3

More information

Legislative Council Panel on Information Technology and Broadcasting Panel on Commerce and Industry. The work of the Innovation and Technology Bureau

Legislative Council Panel on Information Technology and Broadcasting Panel on Commerce and Industry. The work of the Innovation and Technology Bureau LC Paper No. CB(4)315/15-16(01) For information on 14 December 2015 Legislative Council Panel on Information Technology and Broadcasting Panel on Commerce and Industry The work of the Innovation and Technology

More information

TECHNOLOGY TRANSFER FINANCING OPPORTUNITIES AND LIMITS IN EUROPEAN UNION

TECHNOLOGY TRANSFER FINANCING OPPORTUNITIES AND LIMITS IN EUROPEAN UNION 156 Finance Challenges of the Future TECHNOLOGY TRANSFER FINANCING OPPORTUNITIES AND LIMITS IN EUROPEAN UNION Assoc. Prof. Laura GIURCĂ VASILESCU, PhD Ec. Maria BUŞE Nicoleta DRĂCEA, PhD student University

More information

Business Angels Support Instrument

Business Angels Support Instrument Federal Department of Economic Affairs, Education and Research EAER Commission for Technology and Innovation CTI Innovation Promotion Agency Business Angels Support Instrument Business Angel Awareness

More information

Creating a Venture Capital Model for the Region a Best-practice Approach

Creating a Venture Capital Model for the Region a Best-practice Approach Creating a Venture Capital Model for the Region a Best-practice Approach Judith M S Mark Managing Director CME Consulting Limited Enterprise Development Consultants CME Consulting Limited Enterprise Development

More information

INTERNATIONAL IMP³ROVE ROUNDTABLE: FOSTERING COHESION WITH INNOVATION. Düsseldorf, 25 November 2015 Christian SAUBLENS

INTERNATIONAL IMP³ROVE ROUNDTABLE: FOSTERING COHESION WITH INNOVATION. Düsseldorf, 25 November 2015 Christian SAUBLENS INTERNATIONAL IMP³ROVE ROUNDTABLE: FOSTERING COHESION WITH INNOVATION Düsseldorf, 25 November 2015 Christian SAUBLENS IN EUROPE, THE EU COMMISSION PROMOTES THE CONCEPT OF RESEARCH AND INNOVATION STRATEGIES

More information

1 Background: Concept Note & Call for Abstracts 2010 ATPS Annual Conference & Workshop Page 1 of 6

1 Background: Concept Note & Call for Abstracts 2010 ATPS Annual Conference & Workshop Page 1 of 6 Concept note for the 2010 ATPS Annual Conference & Workshop tagged The State of Science, Technology and Innovation in Africa: Implications for Achieving the Millennium Development Goals (MDGs) 1 Background:

More information

Entrepreneurship. Entrepreneurship. Innovative. Innovative. Enabling successful enterprise through practical training and development

Entrepreneurship. Entrepreneurship. Innovative. Innovative. Enabling successful enterprise through practical training and development Innovative Enabling successful enterprise through practical training and development Innovative Enabling successful enterprise through practical training and development Enabling Successful Enterprise

More information

Chapter 6. Financing of innovative entrepreneurs

Chapter 6. Financing of innovative entrepreneurs Chapter 6. Financing of innovative entrepreneurs Ukraine has entrepreneurial talent and a relatively strong risk-taking attitude. These are major ingredients for any policy intervention seeking to promote

More information

ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT

ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT EXECUTIVE PAPERS ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT PRUDENTE, JAIME Instituto de Apoio às Pequenas e Médias empresas e à Inovação

More information

The EXIST Program University it based Start t ups Project Management Jülich. Moscow 7 February 2011

The EXIST Program University it based Start t ups Project Management Jülich. Moscow 7 February 2011 The EXIST Program University it based Start t ups Project Management Jülich Marion Glowik Moscow 7 February 2011 Agenda Project Management Jülich The Program EXIST University based Start ups: 1. EXIST

More information

SUPPORT SYSTEMS FOR GREEN STARTUPS INCUBATORS AND STARTUP COMPETITIONS IN GERMANY DR. RALF WEIß, BORDERSTEP INSTITUTE FLENSBURG, MARCH 26TH 2014

SUPPORT SYSTEMS FOR GREEN STARTUPS INCUBATORS AND STARTUP COMPETITIONS IN GERMANY DR. RALF WEIß, BORDERSTEP INSTITUTE FLENSBURG, MARCH 26TH 2014 International Green Entrepreneurship Forum SUPPORT SYSTEMS FOR GREEN STARTUPS INCUBATORS AND STARTUP COMPETITIONS IN GERMANY DR. RALF WEIß, BORDERSTEP INSTITUTE FLENSBURG, MARCH 26TH 2014 An Initiative

More information

COSME: il nuovo programma a supporto della competitività delle PMI

COSME: il nuovo programma a supporto della competitività delle PMI COSME: il nuovo programma a supporto della competitività delle PMI 14 January 2014 Joanna Drake Director, SMEs & Entrepreneurship Directorate General for Enterprise and Industry 1 COSME: Programme for

More information

seaway private equity corp. Investing in the power of our future.

seaway private equity corp. Investing in the power of our future. Welcome The Seaway Private Equity Corporation is investing in the power of the North Country's future by providing early stage equity capital funding for companies with significant growth potential located

More information

Strategic Management in Early Stage Venture Capital Funds A Longitudinal Analysis of Success Factors in German Funds

Strategic Management in Early Stage Venture Capital Funds A Longitudinal Analysis of Success Factors in German Funds TU Dresden Chair of Entrepreneurship and Innovation HHL Chair of Innovation Management and Entrepreneurship Strategic Management in Early Stage Venture Capital Funds A Longitudinal Analysis of Success

More information

The ICT Sector and Knowledge-Based Economies in the ESCWA Region: Investing in Innovation

The ICT Sector and Knowledge-Based Economies in the ESCWA Region: Investing in Innovation The ICT Sector and Knowledge-Based Economies in the ESCWA Region: Investing in Innovation Ayman El-Sherbiny Knowledge society/economy Early definition For countries in the vanguard of the world economy,

More information

Business Relationship Management Professional (BRMP )

Business Relationship Management Professional (BRMP ) Course overview Business Relationship Management is a world-class professional development program designed to provide a solid foundation-level knowledge of Business Relationship Management. It embodies

More information

BUSINESS STUDIES. Year 9, 10 & 11 - Edexcel GCSE Business Studies Specification 2BS01

BUSINESS STUDIES. Year 9, 10 & 11 - Edexcel GCSE Business Studies Specification 2BS01 BUSINESS STUDIES Business Studies is a very popular choice for students at both GCSE and A Level as it deals with skills and issues relating to their working life beyond school and university. The department

More information

What innovation support tools are available for ITC and e-business startups and SMEs?

What innovation support tools are available for ITC and e-business startups and SMEs? What innovation support tools are available for ITC and e-business startups and SMEs? Ilze Skrebele-Stikāne Project manager Project Development Division National Development Plan 2007-2013 Entrepreneurship

More information

Research Leading to Innovation and Spin-off

Research Leading to Innovation and Spin-off IPPE Research Leading to Innovation and Spin-off Prof. Dr. Hans Schnitzer Graz University of Technology, Austria Institute for Process and Particle Engineering 1 Goals of Establishing University Chairs

More information

UNIVERSITY OF BRISTOL

UNIVERSITY OF BRISTOL UNIVERSITY OF BRISTOL RESEARCH AND ENTERPRISE STRATEGY 2009-2016 The University of Bristol s mission is To pursue and share knowledge and understanding, both for their own sake and to help individuals

More information

MID-TERM RAPIDE POLICY RECOMMENDATIONS SUMMARY

MID-TERM RAPIDE POLICY RECOMMENDATIONS SUMMARY MID-TERM RAPIDE POLICY RECOMMENDATIONS SUMMARY RAPIDE s fast track status provides a clear channel for policy recommendations developing through the project to be heard by the Commission. The Commission

More information

How to set up a successful university startup incubator

How to set up a successful university startup incubator How to set up a successful university startup incubator November 2014 Company Proven infactories the US as a model for nurturing young companies, start-up incubators are now thriving in Europe. But is

More information

HM Treasury Taskforce

HM Treasury Taskforce HM Treasury Taskforce Implementing Baker: Developing the Bridge between Public Sector Science and the Market 31 May 2000 Prepared for: HM Treasury Taskforce Prepared by: Sally Hayward Science, Technology

More information

: CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT

: CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT : CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT March 2014 We have been instrumental in Slovakia s efforts to build knowledgebased economy 2015-2020 Science parks 2008-2012 2009-2012 2011-2015 Larger

More information

How to set up a successful university startup incubator

How to set up a successful university startup incubator How to set up a successful university startup incubator October 2014 Company Proven infactories the US as a model for nurturing young companies, start-up incubators are now thriving in Europe. But is there

More information

What is the SynbiCITE 4-Day MBA?

What is the SynbiCITE 4-Day MBA? SynbiCITE 4 day More Business Acumen : Developing Entrepreneurship in Synthetic Biology Building a Synthetic Biology-Rich Biotech Business from Scratch 14-18 December 2015 Imperial College London What

More information

MASTERS IN ENTREPRENEURIAL MANAGEMENT

MASTERS IN ENTREPRENEURIAL MANAGEMENT INTERNATIONAL OFFICE MASTERS IN ENTREPRENEURIAL MANAGEMENT YEAR 1 - FOUNDATION/ CORE - 80 CREDITS SEMESTER 1 SEMESTER 2 The entrepreneurial business (12) This module introduces you to the field of entrepreneurship,

More information

Guide to Public and Private Funding

Guide to Public and Private Funding Guide to Public and Private Funding Introduction to public and private funding Key Public Funding Opportunities Key Private Funding Opportunities Which funding opportunity is right for my business? Do

More information

Cover: Joseph Tixier; Picture: Leuphana University

Cover: Joseph Tixier; Picture: Leuphana University 1 Executive Summary 2 Cover: Joseph Tixier; Picture: Leuphana University Executive Summary Supported by the European Union and the state of Lower Saxony, the Lüneburg Innovation Incubator has successfully

More information

Raise Venture Capital

Raise Venture Capital Raise Venture Capital How can we help? Our mission is to transform equity raising businesses into first class investor ready companies. Venture funded companies outperform non-venture backed firms by more

More information

Bulgarian Innovation Policy: Options for the Next Decade

Bulgarian Innovation Policy: Options for the Next Decade Bulgarian Innovation Policy: Options for the Next Decade The political changes in the EU the entry into force of the Treaty of Lisbon, the new composition of EU institutions, as well as the development

More information

Regional innovation strategies

Regional innovation strategies OECD Innovation Policy Platform /policyplatform Regional innovation strategies Regional innovation strategies are systematic, goal-oriented exercises carried out by regional partnerships with the aim to

More information

Entrepreneurship and higher education. An outlook on some best practices in entrepreneurship education

Entrepreneurship and higher education. An outlook on some best practices in entrepreneurship education Entrepreneurship and higher education. An outlook on some best practices in entrepreneurship education Irina Purcarea Abstract The paper looks at some of the different perspectives on entrepreneurship

More information

Tekes Funding for Public Research Reform 2012. Copyright Tekes

Tekes Funding for Public Research Reform 2012. Copyright Tekes Tekes Funding for Public Research Reform 2012 Public research funded by Tekes Tekes provides funding for public research projects, which have significant novelty in the fields of technology, services,

More information

Fact Sheet Commercialising Intellectual Property: Spin-offs

Fact Sheet Commercialising Intellectual Property: Spin-offs European IPR Helpdesk Fact Sheet Commercialising Intellectual Property: Spin-offs November 2015 1 Introduction... 1 1. IP commercialisation through spin-off... 3 2. Setting up a spin-off... 5 3. IP related

More information

Wednesday 23/1/2013. Check against Delivery. Madame Chairman, Vice-Chairs and members of the ITRE Parliamentary Committee,

Wednesday 23/1/2013. Check against Delivery. Madame Chairman, Vice-Chairs and members of the ITRE Parliamentary Committee, Presentation by Mr Richard Bruton, Minister of Jobs, Enterprise and Innovation to the Industry Research and Energy Committee of the European Parliament, Brussels Wednesday 23/1/2013 Check against Delivery

More information

Venture Capital a primer

Venture Capital a primer Venture Capital a primer And some lessons learned for entrepreneurs Martin De Prycker November 2015 Contents I. VCs and how they work Qbic Fund Sources of Capital Fund structure What does a fund offer?

More information

Promoting hi-tech entrepreneurship through university -based technology incubatorssome thoughts coming from experience

Promoting hi-tech entrepreneurship through university -based technology incubatorssome thoughts coming from experience Trade and Development Board Investment, Enterprise and Development Commission Multi-year expert meeting on enterprise development policies and capacity-building in science, technology and innovation Geneva,

More information

Key messages from the French National Humanitarian Conference 23 February 2016, Paris *****

Key messages from the French National Humanitarian Conference 23 February 2016, Paris ***** Key messages from the French National Humanitarian Conference 23 February 2016, Paris The French National Humanitarian Conference gathered more than 400 participants from France and abroad, on the theme,

More information

Global Startup Program

Global Startup Program Global Startup Program Terms of Reference NATIONAL CALL 2014 May 2014 2014 IC 2 Institute Proprietary Chapter I - Objective and scope ARTICLE 1 - OBJECTIVE 1. The purpose of the Global Startup Program

More information

Section A Introduction This section asks for information that aims to identify the independence and ownership situation of your business.

Section A Introduction This section asks for information that aims to identify the independence and ownership situation of your business. Access to Finance Purpose of this survey Access to finance is crucial to business success and an important factor for economic growth in Europe following the economic crisis in 2007. The purpose of this

More information

Effectiveness of the Austrian business incubator program AplusB (Academia plus Business) Learning for future program design.

Effectiveness of the Austrian business incubator program AplusB (Academia plus Business) Learning for future program design. Title: Effectiveness of the Austrian business incubator program AplusB (Academia plus Business) Learning for future program design Authors: Dipl.-Ing. Dr. Kirsten Tangemann 1, Univ.-Prof. Dr. Siegfried

More information

DANSK BIOTEK works actively and focused to:

DANSK BIOTEK works actively and focused to: DANSK BIOTEK is an industry association of Danish companies, whose core area is biotechnology applied to drug development and industrial biotechnology. DANSK BIOTEK works actively and focused to: Increase

More information

Horizon 2020: Finanzierungsinstrumente für Investitionen in Forschung, Entwicklung und Innovation

Horizon 2020: Finanzierungsinstrumente für Investitionen in Forschung, Entwicklung und Innovation EU Access to Finance Day Berlin, 18 June 2014 Horizon 2020: Finanzierungsinstrumente für Investitionen in Forschung, Entwicklung und Martin KOCH, Policy Officer DG Research and, Unit B3 "SMEs, Financial

More information

Digital Entrepreneurship Monitor. EC, Dana Eleftheriadou EY, Alessandro Cenderello Brussels, 26 September 2014

Digital Entrepreneurship Monitor. EC, Dana Eleftheriadou EY, Alessandro Cenderello Brussels, 26 September 2014 Digital Entrepreneurship Monitor EC, Dana Eleftheriadou EY, Alessandro Cenderello Brussels, 26 September 2014 Digital Entrepreneurship Monitor Agenda 1. Overview of national policy initiatives and business

More information

Innovation Policy Studies Status report of latest results, and forthcoming tasks.

Innovation Policy Studies Status report of latest results, and forthcoming tasks. Innovation Policy Studies Status report of latest results, and forthcoming tasks. 1. Summary 2. Key general messages 3. Background: Rationale and legal basis 4. Taking stock of latest results achieved

More information

SME support under HORIZON 2020

SME support under HORIZON 2020 Jean-David MALO Head of Unit C-03 Financial Engineering DG Research and SME support under HORIZON 2020 Slides courtesily provided by Unit "Small and Medium-Sized Entreprises" DG Research and Research and

More information

Erasmus Policy Statement (Overall Strategy) Delft University of Technology (TU Delft)

Erasmus Policy Statement (Overall Strategy) Delft University of Technology (TU Delft) Erasmus Policy Statement (Overall Strategy) Delft University of Technology (TU Delft) The Institution agrees to publish this overall strategy (all three parts) on its website within one month after the

More information

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION RECOMMENDATION

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION RECOMMENDATION COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 10.4.2008 C(2008)1329 COMMISSION RECOMMENDATION on the management of intellectual property in knowledge transfer activities and Code of Practice for universities

More information

International Labour Organization. Sustainable enterprises creating more and better jobs

International Labour Organization. Sustainable enterprises creating more and better jobs International Labour Organization Sustainable enterprises creating more and better jobs Sustainable development and decent jobs M. Crozet/ILO Despite several decades of unprecedented economic gains for

More information

European Startup Monitor 2016 Country Report Austria

European Startup Monitor 2016 Country Report Austria European Startup Monitor 2016 Country Report Austria Dr. Rudolf Dömötör & Benedikt Spannocchi (WU Gründungszentrum) Contact: rudolf.doemoetoer@wu.ac.at Vienna, November 4, 2016 1 Introduction Innovative

More information

Training course in Market-driven Innovation Management (MIM)

Training course in Market-driven Innovation Management (MIM) Training course in Market-driven Innovation Management (MIM) The concept of the Training Course 2 Innovations are important factors for strengthening the competitiveness of any enterprise. Product and

More information

BUSINESS INCUBATOR PROCESS: A POLICY TOOL FOR ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN A KNOWLEDGE BASED ECONOMY

BUSINESS INCUBATOR PROCESS: A POLICY TOOL FOR ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN A KNOWLEDGE BASED ECONOMY BUSINESS INCUBATOR PROCESS: A POLICY TOOL FOR ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN A KNOWLEDGE BASED ECONOMY Arthur Bayhan Chief Executive Officer Competitiveness Support Fund This paper has

More information

COMMISSION OF THE EUROPEAN COMMUNITIES

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 29.6.2006 COM(2006) 349 final COMMUNICATION FROM THE COMMISSION TO THE COUNCIL, THE EUROPEAN PARLIAMENT, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND

More information

CENTER FOR ENTREPRENEURSHIP AT TECHNISCHE UNIVERSITÄT MÜNCHEN. www.unternehmertum.de

CENTER FOR ENTREPRENEURSHIP AT TECHNISCHE UNIVERSITÄT MÜNCHEN. www.unternehmertum.de CENTER FOR ENTREPRENEURSHIP AT TECHNISCHE UNIVERSITÄT MÜNCHEN www.unternehmertum.de »UnternehmerTUM offers young, entrepreneurial people the opportunity to realize their own business ideas, to recognize

More information

Technology incubators

Technology incubators OECD Innovation Policy Platform /policyplatform Technology incubators Technology incubators, a variant of more traditional business incubation schemes, assist technology-oriented entrepreneurs in the start-up

More information

Magnus Klofsten Professor of Innovation and Entrepreneurship Linköping University, Linköping Sweden Magnus.klofsten@liu.se

Magnus Klofsten Professor of Innovation and Entrepreneurship Linköping University, Linköping Sweden Magnus.klofsten@liu.se European University-Based Entrepreneurship Training programmes: Best Practices High technology Small Firms Conference 22 and 23 May 2008, Enschede, the Netherlands Magnus Klofsten Professor of Innovation

More information

Entrepreneurship in a European Perspective

Entrepreneurship in a European Perspective Christine K. Volkmann Kim Oliver Tokarski Marc Grunhagen Entrepreneurship in a European Perspective Concepts for the Creation and Growth of New Ventures GABLER Table of Contents FOREWORD AUTHORS'PREFACE

More information

Coordinated by EBN - European Business and Innovation Centre Network (www.ebn.eu).

Coordinated by EBN - European Business and Innovation Centre Network (www.ebn.eu). This initiative is supported by the European Commission s Directorate-General for Enterprise and Industry and financed under the Competitiveness and Innovation Framework Programme (CIP). Coordinated by

More information

Executive Summary. Principal Findings

Executive Summary. Principal Findings On May 30, 2012, Governor Deval Patrick launched the Massachusetts Big Data Initiative, to leverage and expand the Commonwealth s position as a global leader in the rapidly growing big data sector. The

More information

BRIDGING THE GAP BETWEEN BUSINESS DEVELOPMENT AND FINANCIAL SERVICES IN THE MIDDLE EAST

BRIDGING THE GAP BETWEEN BUSINESS DEVELOPMENT AND FINANCIAL SERVICES IN THE MIDDLE EAST BRIDGING THE GAP BETWEEN BUSINESS DEVELOPMENT AND FINANCIAL SERVICES IN THE MIDDLE EAST Rania Bikhazi Enterprise Development Specialist International Labour Organization THE ARAB PRIVATE SECTOR STILL FALLS

More information

ISIS SOFTWARE INCUBATOR

ISIS SOFTWARE INCUBATOR ISIS SOFTWARE INCUBATOR Introduction to Isis 2 Isis Software Incubator 3 Is my venture eligible for the Incubator? 4 What does it mean for me? 7 Incubation modes 9 Intellectual property 12 How IP is managed

More information

Northern Michigan Angels, L.L.C.

Northern Michigan Angels, L.L.C. rthern Michigan Angels, L.L.C. Dear Prospective rthern Michigan Angel: We would like to invite you to join the rthern Michigan Angels Investment Club. As you know, rthern Michigan is facing its greatest

More information

Programme Curriculum for Master Programme in Entrepreneurship

Programme Curriculum for Master Programme in Entrepreneurship Programme Curriculum for Master Programme in Entrepreneurship 1. Identification Name of programme Master Programme in Entrepreneurship Scope of programme 60 ECTS Level Master level Programme code Decision

More information

European Startup Monitor Country Report Germany Authors: Prof. Dr. Sven Ripsas, Björn Hentschel

European Startup Monitor Country Report Germany Authors: Prof. Dr. Sven Ripsas, Björn Hentschel European Startup Monitor Country Report Germany 2015 Authors: Prof. Dr. Sven Ripsas, Björn Hentschel Introduction Startups are the Mittelstand of the future. Innovative entrepreneurs are one of the largest

More information

Spinnovator Public Private Partnership for Spin-offs

Spinnovator Public Private Partnership for Spin-offs A project of Ascenion and Vesalius Biocapital supported by the BMBF 5th International VPM Days Hannover Spinnovator Public Private Partnership for Spin-offs Christian Stein, September 1, 2011 Ascenion

More information

The Finnish State Aid tools to foster economic growth. Athens 11.4.2014 Pekka Timonen

The Finnish State Aid tools to foster economic growth. Athens 11.4.2014 Pekka Timonen The Finnish State Aid tools to foster economic growth Athens 11.4.2014 Pekka Timonen National goals With State Aid it is essential to keep national goals and the use of tools separated EU level rules,

More information

Role and impact of TEKES

Role and impact of TEKES Role and impact of TEKES Presentation at the presentation of the final report on the evaluation of Tekes Helsinki, 6 June 2012 Geert van derveen (Technopolis Group) Mission of Tekes Tekes promotes the

More information

EIT Health LaunchLab

EIT Health LaunchLab EIT Health LaunchLab EIT Health LaunchLab LaunchLab is an Innovation Training and Support activity of the Accelerator pillar that fosters entrepreneurship and supports potential business ideas for the

More information

Innovation and PPP financing: The European Investment Fund

Innovation and PPP financing: The European Investment Fund Innovation and PPP financing: The European Investment Fund Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund UNECE - 12 February 2014 Geneva What is the EIF? As part of

More information

Building innovation capacity via PPP. Ravi Randeniya - BSc Eng MScE MBA

Building innovation capacity via PPP. Ravi Randeniya - BSc Eng MScE MBA Building innovation capacity via PPP Ravi Randeniya - BSc Eng MScE MBA Innovation is a major factor of economic growth and its advancement is a good measure of overall performance in the globalized economy.

More information

Biotechnology Report. Estonia

Biotechnology Report. Estonia Biotechnology Report Estonia PREPARED BY AND IN Cyprus Bulgaria Croatia Czech Estonia Industry Republic Report STATUS OF THE ESTONIAN BIOTECHNOLOGY SECTOR (Financial data in ) (Financial data in ) (Financial

More information

European Workshops. Business Support & Access to Finance

European Workshops. Business Support & Access to Finance European Workshops Business Support & Access to Finance June 2015 The Strategic Context for Business Support & Access to Finance Introduction This theme is one of the six core priorities set out in the

More information

Ethical Trading Initiative Management Benchmarks

Ethical Trading Initiative Management Benchmarks Ethical Trading Initiative Management Benchmarks The Management Benchmarks are the means by which ETI (a) sets out its expectations of members and (b) measures members progress in applying the ETI Base

More information