I TECH-OFF INFORMATION TECHNOLOGY SPIN-OFF Giulio Giunti P. 1
Contents Definition of incubator & incubation General information on I TECH-OFF Phases and selection process Services Candidate identikit Results & Recognitions Supported Businesses Contact details P. 2
Definition of incubator & incubation an incubator is an organisation that boosts a incubation-process to support the accelerated growth (incubating) of ventures (= incubatees) into successful enterprises with a bundle of services, such as physical space, common services, culture, training, coaching (knowledge and experience), networking connections and (access to) capital P. 3
General information Financed by the Italian Ministry of Industry through a call for proposals for the selection of projects to promote and provide technical assistance for the starting-up of innovative enterprises in the ICT and telecommunications fields Implementation body: Consortium I TECH-OFF set by the three founding partners ASTER, University of Bologna and Fondazione Alma Mater Project duration: 5 years (April 2004 to April 2009) Budget: 2.5 Million P. 4
Objectives Support to new companies operating in ICT and multimedia fields Awareness raising on entrepreneurship Reinforcement of the ICT and multimedia sector in Emilia-Romagna SEMINARS Law and ICT Technology :Bologna 16/07/07 Technology & Culture : Bologna 07/06/07 Finance : Bologna 11/10/06 Ri3 IOM Spinner : Bologna 03/10/06 Technology & Sport : Bologna 12/10/05 UMTS & DTT : Bologna 02-03/03/05 WORKSHOPS Several workshops in Univ. Dept. 13 CONTACT POINTS P. 5
An innovative support path First selection Second selection Pre-incubation Incubation Post-Incubation 4 months 24 months 12 months Documents for accessing the first selection Documents for the second selection P. 6
Access to the various phases Pre-incubation: access is for new or potential entrepreneurs who wish to check their business idea feasibility through writing a Business Plan. Incubation: access is for new or potential entrepreneurs who already have developped a business plan, and who are ready to start their business activity. Post-incubation: access is for those enterprises that have been incubated. P. 7
Beneficiaries Beneficiaries PRE-INCUBATION Individuals (single or group of people), residing in Emilia-Romagna, with appropriate technical and scientific skills and possibly managerial competences New enterprises, set within 12 months from the application, that are micro-sized and autonomous Beneficiaries - INCUBATION Individuals (single or group of people), residing in Emilia-Romagna, with appropriate technical and scientific skills and possibly managerial competences that have developped a business plan (with or without the pre-incubation support ) New enterprises, set within 12 months from the application, that are micro-sized and autonomous P. 8
Evaluation criteria Evalutation criteria PRE-INCUB. Linkage with the established project types Innovation degree and technical feasibility of the product/service Market potential Appropriate professional competences in technical/scientific fields Competencies in the following: economic and finance fields, marketing and sales, management Links with research structures Evaluation criteria INCUB. Linkage with the established project types Innovation degree and technical feasibility of the product/service Identification of the business strategy Appropriate team composition (technical/scientific fields, management, economic and finance fields, marketing and sales) Identification of the market and appropriate marketing strategy Appropriate operation plan Identification of public and private financing sources in the various development phases and propension to self-financing P. 9
Selection Process YES Project submission OK? First level evaluation More Info/Interview YES Integration? Selected Projects Second level evaluation NO P. 10
Evaluation Commettee engineer, 38 y.o., participating in the first Bologna University spin-off economist, 37 y.o., expert in spin-off support mechanisms, responsible of Ferrara Spinner Point economist, 32 y.o., expert in spin-off support mechanisms, Spinner tutor full professor in telecommunication at Bologna University, 60 y.o., involved in several TT activities full professor in electronics at Bologna University, 60 y.o., involved in several TT activities. He set-up the first Bologna University spin-off engineer, 40 y.o., enterpreneur in a big regional company in the market of engeenering systems engineer, 50 y.o., enterpreneur in a multinational company in the market of electromedical devices economist, 39 y.o., managing director of ALMACUBE P. 11
Services: pre-incubation 1 tutor direct and distance training (36 hours) consultancy for business plan development purposes (10 days) assistance on entrepreneurship spirit evaluation and team building equipped offices networking connection Venture Capital meetings dedicated to start-up opportunities Research Laboratories Stagiares Banks Partners Companies Customers Business Angel P. 12
Direct and distance training Basic on BP Project management Marketing Company administration Budgeting and business control Business organization Fund raising IPR P. 13
Services: incubation 1 strategy consultant 1 Angel Tool to analyse and control business progression Direct and distance training (40 hours) Consultancy (more than 20 days per company) Equipped offices with centralised services Hardware and software facilities Banks Venture Capital Partners Research Laboratories Companies Trainees Customers Networking services Meetings dedicated to start-up opportunities Business Angel P. 14
Direct and distance training Business strategy Marketing & sales Budgeting Communication strategies Team Building Total quality Legal Issues Fund raising P. 15
Consultancies Legal and contractual Assistance in public funds proposals Fund raising Market analysis IPR (i.e. patent support) Organization and quality Budgeting and auditing Economic and financial planning Marketing strategies Human resources management P. 16
Services: post-incubation Networking Personnel research Research of consultants/solutions that where provided by the incubator Research of space/offices Research of technological, productive and commercial partners Fund raising P. 17
Examples of networking activities contacts with PA contacts with Universities professors aimed at: identifying possible collaborations on R&D projects identifying stagiares for collaboration identifying graduated for collaboration contacts with companies participation in expositions at special conditions contacts with Business Angels and VCs contacts with banks P. 18
Consortium organization Evaluation Commitee Executive Commitee Chairman Managing Director Comunication Fund Raising Networking Business Development Structure development Human resources Technical support Training P. 19
Consultant Selection Process 10 years of experience? Yes Executive Commettee Agreement Yes P. 20
Consultancy in pre-incubation 7,4% 3,5% 1,7% 0,9% 34,1% 48,9% 3,5% Businnes planning Legal, tax and contracts Marketing Team Building Communication IPR management Product industrialisation P. 21
Consultancy in incubation 2,8% 0,7% 4,9% 14,1% 28,5% 11,6% 14,8% Technology Legal, tax and contracts Marketing Team Building 22,5% Business Strategy Communication Financial planning and Management Control IPR management P. 22
Candidate identikit Average age: 34 years Sex 15% Female Male 85% P. 23
Candidate identikit Educational background 2% 13% 17% A level Ph.D University degree 68% None P. 24
Candidate identikit Professional background 32% Industrial Research 68% P. 25
Candidate identikit Competencies 13% 10% Mainly in management Mainly Technical 77% Mixed P. 26
Candidate identikit Degree 14% 4% 27% Others 10% Engineering Economics Physics 45% Computer Science P. 27
Results Projects/applicants: Number of applicants: 189 Number of beneficiaries: 115 Pre-incubation : 55 Incubation: 60 Total numbers of applications: Pre-incubation: 28 20 selected Incubation: 38 21 selected Pre-incubation evolution 1 group left during the 4 months 1 group left after pre-incubation 18 groups applied for incubation 6 groups have not been selected Incubation evolution 1 group left after 4 months 2 groups among selected decided to delay the start-up 1 group is considering to close 2 companies are looking for investors (VC) 6 groups ended the incubation period P. 28
Results November 2005 November 2007 Companies registered in the period: 12 Turnover: 2006 (7 enterprises): around 750 K Euro forecast for 2007 (9 enterprises): 2 M Euro Total number of employed people in 2007: 43 Participation to investment fora (Ban Bologna and RICUBO): 5 enterprises selected, 1 investment made Venture Capital: 2 enterprises currently in contact with several VC companies P. 29
2006-2007 Recognitions Partecipation to Smau 2007: 7 enterprises included within the Innovation Paths of Smau 2007, the international ICT exhibition organised in Milan on October 15-18. The business plan competition of Bologna University StartCup 2006: OptIT! was awarded the first, section in Imola, 321Vendi project ranked second, section in Bologna. StartCup2005: Bronteion S.r.l. won the first prize, section in Bologna. Research To Business 2006: I TECH-OFF had a stand hosting 5 companies. MEEO was awarded the Vote the Innovation second prize. MEEO s.n.c. from San Giovanni di Ostellato (Province of Ferrara) obtained great visibility through the media for having developed an original thin dust monitoring system. RICUBO 2006: Waymedia received the RICUBO2006 prize awarded by the investors and providers of funds participating to the Investment Forum during the RICUBO - Searching for Innovation, Investors and New Enterprises event 2005 edition. In 2005, it was MobiCom that was awarded. P. 30
I TECH-OFF: the incubator P. 31
I TECH-OFF: a start-up P. 32
Activities Comunication & Marketing CD Production On-line services Wireless Industrial Systems Managerial Software 7% 2% 12% 15% 4% Telephony Software 15% 2% 2% 14% 11% 2% 12% Mobile TV Video surveillance Software Design Software 2% Other Software Didactics nanotag Others P. 33
Supported businesses Incubation AlmaVision - Digital images processing in the security sector and for trafic control purposes Arcadia Lab - Digital images processing in the medical sector MEEO - Services based on satellite images processing and analysis for environmental and climate control purposes Musei & Ambiente - System for environmental data collection and analysis for conservatory purposes in museums and archives Scriba Nanotecnologie Production of Nano tags made of organical microfilms to favour products traceability and related hardware (printers and readers) Waymedia Development and commercialisation of hardware and software solutions for proximity marketing Mavigex Contents management services for mobile TV Econoetica Development and commercialisation of video touristic guides available on a palm OpenLiven - Open source software for business processes management simavian.com - Software and hardware development and sale for on-line commerce OptIT! Software for process optimization (main application in waste management) ARTHA Teaching method for rhythm mexage Wireless communication solutions (applications in the entertainment field and public fairs organisation) P. 34
http://www.itechoff.it I TECH-OFF Info Point 0039-051-6308099 info@itechoff.it giulio.giunti@itechoff.it P. 35