Otaniemi Incubation Excellence Bridging Innovation and Business Pertti Vuorela, Technopolis Ventures Ltd.
Networking Model in Business exploitation Otaniemi High-Tech Area Academic & Research Partners TKK, VTT, Polytechnics 15.000 technology students 3000 researchers Investors Public: Discovery, R&D, Incubation Seed financers Venture capitalists & Business angels ANCHOR CORPORATIONS Big Company partnership activities Research cooperation, sponsorship, sales channels Nokia, Elektrobit, TietoEnator, Kone, Hewlett-Packard FI, Microsoft FI etc Otaniemi - Bridging Innovation and Business
NTBF Support System Model Otaniemi & Technopolis Ventures New Technology Based Firms (NTBF) Support System: Bridging Innovation and Business with incubation & internationalization OBJECTIVE PROCESS ACTORS and TARGET GROUPS TRANSFER DELIVERY MECHANISM and REQUIR. RESOURCES SWOT CRITICAL SUCCESS FACTORS MEASUREMENT OF SUCCESS SUCCESS STORIES The main objectives of the Otaniemi NTBF Support System related to Business Exploitation of Research are: Provide a highefficiency start-up support environment to link scientific innovation and entrepreneurialism Incubation services and partnering to generate technology based companies and global success stories Otaniemi incubation model offers wide range of services from evaluation and coaching to networking and growth enhancement Main steps are discovery, incubation, acceleration and internationalization Private-Public basis creates added value; the model covers a wide range of support to start-ups, provided by actors and partner network The main actor with proven track record in generating high-tech companies is the experienced Incubator Technopolis Ventures Public and private research centers, Universities, Innovative firms Partner network of Academia, TE-Center, Finnish Technology Agency TEKES, Finnish National Fund for Research and development SITRA, VC firms & service providers If the basic infrastructure exists, the networking model and additional elements are transferable but according Otaniemi expertise the benefits require long-term commitment, functional good private-public partnership and continuous improvement TRANSFER DELIVERY MECHANISM Transfer is done by benchmarking and further development in the area The benefits require adaptation into regional environment & actors networking Strengths Weaknesses The Otaniemi hightech community is public financing to Lack of continuous good environment to incubators develop ideas Not many really The actors involved International actors have expertise and ability to private-public partnership Opportunities Threats Increasing interest of Decreasing the national players to investments from big develop incubator companies in R&D operations If entrepreneurial More involvement of intent of academia is big companies on spinoff not increasing cration Strong university, industry and regional partnership Incubator expertise from discovery & kick-off to internationalization services Business development programs and individual coaching Events and seminars provide contacts Cluster programs provide best expertise in their sector THE OTANIEMI NTBF SUPPORT SYSTEM MODEL The benefits require a high tech community as good environment to develop ideas into success stories Number of ideas collected, evaluated & helped to develop Number of companies generated Company growth inside the incubator Survival rate in the incubator and after companies have left incubator Otaniemi high tech community cooperation developed: www.otaniemi.fi & Technopolis Ventures 160 ideas evaluated & 80 helped towards commercialization 55 new high-tech startups generated Average growth in incubator 50%, survival rate 95% Post-incubation Survival rate 86% In Torino I3P developed its NTBF Suppport system according to suggestions and elements highlighted in the transfer and discussion process TARGET GROUPS researchers innovative entrepreneurs technology based start-ups & spinoffs having potential to grow success stories REQUIRED RESOURCES The main actor with ability to create NTBF Network of Incubators, Research Institutes, Universities & supporting private and public partners High tech community with co-operation CONTACTS: Owner in Helsinki Region: Technopolis Ventures Ltd. (www.technopolis.fi/ventures) Contact persons: Pertti Vuorela (pertti.vuorela@technopolis.fi) and Keith Sitverang (keith.silverang@technopolis.fi) Users: Torino, I3P incubator, Gianni Guerra (guerra@i3p.it) or Federico Sarti (sarti@i3p.it) Tallinn, Tehnopol, Raivo Tamkivi (raivo.tamkivi@tehnopol.ee) Berlin, Wista Management (www.adlershof.de), Helge Neumann (helge@wista.de) South Sweden, SydSam, Lars Malmborg (lars.malmborg@kommun.kalmar.se) Alpes Maritimes, CICOM, Alain Andre (andre@cicom.fr) DELIVERABLES, PUBLISHED ARTICLES and MATERIAL: Flyer: green flyer "Business Exploitation - Otaniemi NTBF Support System" Presentations & Articles: e.g. best_practices_in_business_exploitation.ppt (Pertti Vuorela) and presentations about "Otaniemi Best Practice Networking Model", articles in Excellent News Recognitions: PAXIS Best Practice Panel and Innovation Transfer Award in Stuttgart Forum Pertti Vuorela, Technopolis Ventures Ltd.
Otaniemi Networking Model Partnering to Create Global Success Stories Firm birth Development Expansion Speed-Up to Global Markets DISCOVERY INCUBATION ACCELERATION GLOBALIZATION Research Institutes, Technopolis Private Sector Incubators Pre-Incubator Development services and support: Technopolis Business Generators Centres of Expertise Evaluation Kick-off Coaching Financing Networking Growth Enhancement Partner network: Academia TE-Center TEKES SITRA VC firms HUT, VTT, EVTEK Service Providers Public-Private Partnering: Key to Hi-Tech Job Creation Technopolis Ventures
InnoTULI Business Evaluation Otaniemi InnoTULI Business Evaluation: Discovery and evaluation of business ideas to help commercialisation of research results & innovations OBJECTIVE PROCESS ACTORS and TARGET GROUPS TRANSFER DELIVERY MECHANISM and REQUIR. RESOURCES SWOT CRITICAL SUCCESS FACTORS MEASUREMENT OF SUCCESS SUCCESS STORIES Business Exploitation of Research Results Discovery and evaluation of new potential ideas, research based innovations and business concepts Evaluation of the potential of the business concept Helping to find right actions towards commercialisation InnoTULI TEKES financed private - public cooperation consortium is operating in the earliest phase discovering the most promising ideas & start-ups, evaluating and providing small grants funding of critical tasks, studies or development The main steps are activating, screening, evaluation, selection, project study by consultant, reporting and follow-up InnoTULI actors in Otaniemi - Helsinki Region are Technopolis Ventures / Otaniemi Science Park Researchers, entrepreneurs TEKES, Finnish Technology Agency Helsinki University of Technology (HUT) VTT Technical Research Centre of Finland KCL, Central Laboratory Foundation for Finnish Inventors TARGET GROUPS researchers innovators entrepreneurs having new potential ideas & business concepts TRANSFERABILITY Experiences from the pilot transfer are that evaluation tools are easy to transfer, methodology and networking way of operation needs analysis and implementation to regional structures. The transferability is piloted between Helsinki Region and South Sweden into incubator and science park. TRANSFER DELIVERY MECHANISM Transfer has been piloted in HIGHEST network through workshops, visits and implementation support The process is well documented but needs local testing and adaptation into regional environment. Strengths Weaknesses A Proven Concept for commercialization of knowledge-based innovations, good track record of results o Tool for co-operation between universities, research institutes and science parks o good example of private public partnership o efficient tool in generating new companies Researchers porr business knowledge Researchers may not have ability or willingnes to invest enough resources (time or money) o Efficient operation and good numbers need financing - public money is needed Set-up, quality and operation of network o Clearly defined and proven concept o Experienced Team & People ability for networking o Matching high tech selection criterias to business development o Concrete help for inventors o Reliable evaluation and proposed actions Deal Flow measurement o Performance indicators o Number of companies set-up o Follow-up of cases and satisfaction survey responses o Separate study: The Success of InnoTULI cases 2000-2002 Opportunities Threats Transfer Adding Universities social Changes in public benefits financing o possible to extend concept to other institutes and areas THE OTANIEMI INNOTULI BUSINESS EVALUATION per annum 160 ideas registered o 80 ideas evaluated and 25 companies set-up 2004 o Positive satisfaction statements, e.g.; Codeonline, Loginets, Variantum o Study: 60% cases with high potential 2000-2002 The transfer of Otaniemi concept is on-going between Technopolis Ventures, Helsinki Region and SydSam & Malmö incubator and Kalmar science park, South Sweden. Otaniemi, SydSam and the HIGHEST network has transferred, piloted and implemented Otaniemi Best practice Experience to South Sweden, analysed HIGHEST regions status and needs, exchanged results of implementation and expanded Highest conclusions to PAXIS level REQUIRED RESOURCES Team including project manager and contact persons in Universities, Research Institutes and Organisations Financing for grant to idea development (max. 10.000 euros per case) CONTACTS: Owner in Helsinki Region: Technopolis Ventures Ltd. (www.technopolis.fi/ventures) Contact persons: Pertti Vuorela (pertti.vuorela@technopolis.fi) and Erik Furu (erik.furu@technopolis.fi) Users: South Sweden, SydSam, Lars Malmborg (lars.malmborg@kommun.kalmar.se) Berlin, Wista Management (www.adlershof.de), Helge Neumann (helge@wista.de) Torino, I3P incubator, Gianni Guerra DELIVERABLES, PUBLISHED ARTICLES and MATERIAL: Flyer: green flyer "Business Exploitation of Research Results - InnoTULI Business Evaluation Presentations: best_practices_in_business_exploitation.ppt (Pertti Vuorela) Studies: InnoTULI Success Study 2000-2002 (through Pertti Vuorela) Recognitions: PAXIS Best Practice Panel and Innovation Transfer Award in Stuttgart Forum 2004 Research Institutes HUT VTT KCL GTK CSC Contact persons Activating TULI - Ideas Screening Pre - study QUICK SCAN 1.Ideas registered Process Decide service and consult 2. Evaluation 4.Suggest project 3. Decision to proceed Consultant study TULI - Projects 5.Report & next step New Business start ups joint ven ture licensing sales 6. Further development by Network DISSEMINATION: HIGHEST Workshops: Berlin & South Sweden 2003 Otaniemi 2004 Presentations: Otaniemi 2003-05 Zurich 2004 Sophia Antipolis 05 START & HIGHEST ws Copenhagen 2005 Pertti Vuorela, Technopolis Ventures Ltd.
Otaniemi Good Practice InnoTULI Business Evaluation Bridging Innovation and Business Pertti Vuorela, Technopolis Ventures Ltd.
Incubation Expertise Technopolis Ventures Incubator Process 0 6 months 12 18 months 6..12 months Discovery Pre-Incubation Early Incubation Late Incubation FAST TRACK Feasibility Studies Traffic Light FAST TRACK Pre- Incubation and Kick-off Services Business Development Road-map Incubation Services Growth Preparation Services Pre-Incubation Contract Incubation Contract Evaluation Business Plan Business Ramp-Up Toward Growth Track Assessment of business idea feasibility Start-up planning and preparation Creation of a solid business platform for business growth Preparation for acceleration and internationalization Technopolis Ventures
Incubation - Products Technopolis Ventures Incubator Services Discovery Pre-Incubation Early Incubation Late Incubation Traffic Light Feasibility Studies QuickScan Kick-Off Services BodyGuard Advisory Services Godfather Mentoring Services Toolkit Business Tools Access Networking Services MoneyTalks Financial Services Spinno Action Learning Management Training Start-Up Spinno Growth Spinno Born Global HelpDesk 3rd Party Business Services Incuflex Flexible Office Space Solutions Technopolis Ventures
The Art of Entrepreneurship Otaniemi Key Incubation Figures Technopolis Ventures 2000 2002 2003 2004 Business idea reviews (round 1) 60 120 140 160 Deep Scans (round 2) 20 33 62 80 Research-based start-ups 10 20 25 30 Total new hi-tech start-ups 40 45 50 55 Total incubator companies 70 110 120 140 Total incubator tenants 110 150 160 170 Post-Incubation Survival Rate: 86% Average 3-5 jobs/start-up Average Growth Rate 50% High-Tech Start-Ups Are On The Rise Technopolis Ventures
Euro-Office Network Opening Markets for Companies Euro-Office services 8 Access to markets via leading Science Parks and Incubators 8 Working space in business environment 8 Flexible services 8 Contacts for testing European operation & location in Incubator Otaniemi offers visitors 8 European leading R&D environment - Mobile & wireless - ICT & Microsystems - Paper technology 8 300 High-Tech firms 8 Service concept for innovative high-tech companies Next Step: Global Soft Landing, Coaching & Contacts www.euro-office.net
Thank You! Technopolis Ventures Ltd, Tekniikantie 21, FIN-02150 Espoo, Finland Tel. +358-9-2517 15 Pertti Vuorela Project Director pertti.vuorela@technopolis.fi More information: Technopolis Ventures; www.technopolis.fi/ventures Otaniemi; WWW.OTANIEMI.FI Technopolis Ventures is representing Helsinki Region in the European PAXIS initiative