iMinds The Conference 2012 - Entrepreneurship

1

Intro

Student entrepreneurship

Acceleration through Smart Innovation iMinds business acceleration Smart Innovator

Internationalizing your business Singapore FIT support Go West

Frank Gielen

Lisa Pattyn

Koen Vriesacker Jessie Dedecker

Ralph Moreau Karla Laheye Lisa Pattyn

Entrepreneurship

Student Entrepreneurship

Development of entrepreneurial skills with (master) students during their studies. Why: innovation in academic education? Benchmarks: MIT, EIT labelled masters. Why iMinds? Extra curriculum activities; access to entrepreneurial ecosystem We did a pilot in Ghent in 2011 – 2012 We roll out across Flanders with universities that were interested in 2012–2013 VUB

Kauffman Study Shows: Student Entrepreneurs Critical to Commercializing University Startups

New York Chases Silicon Valley With Roosevelt Island Site

"The university of the future will combine innovation and entrepreneurship“

[DE TIJD DINSDAG 31 JULI 2012]

http://www.kauffman.org/newsroom/student-entrepreneurs-critical-to-commercializing-university-startups-kauffman-study-shows.aspx

http://www.kauffman.org/newsroom/student-entrepreneurs-critical-to-commercializing-university-startups-kauffman-study-shows.aspx

http://www.bloomberg.com/news/2012-08-17/new-york-chases-silicon-valley-with-roosevelt-island-site.html

“tech ICT companies are born global”

Partnership with Local incubators, supported by FIT ICT start-ups can spend up to 3 months in the US and

find the introductions, local market knowledge and support they need to get started up.

European pilot program from EBN Offer companies services at a selection of global locations, tailored to match their: logistics, access to the local business world, expert advice

2011 9 companies 2012 8 companies

Singapore

Internationalization support

Acceleration program

Enjoy your sessions We welcome your questions, suggestions, comments.

6

Intro




Frank Gielen

Lisa Pattyn



Entrepreneurship

• On demand • Valorisation business concept

Coaching

• Co-working space for starters • As from March 2012

Start-up garage

• Financial resources • Continuous support and supportive framework

iStart.Light

• 100% practically oriented • Hands-on mentality

Workshops

[Student Entrepreneurship TOOLBOX]

MAX 15 Free

3 Work shops

Hands on

ICT Idea

Mentors and coaches

WORKSHOP ON BUSINESS MODELS

• Coworking space for students • Vibrant network of iStarters and flex office

users Create an entrepreneurial atmosphere Stimulate discussions and talks between (student) entrepreneurs

Founded April 2012

Collaboration software for tablets

Mobile navigation apps for sports

NITEOWL

Nightlife application Keep track of songs you like Enjoy promotions in bars

Innovative pharmaceutical company o Make homemade medecines a profitable alternative o Sell cheap raw ingredients via advanced webplatform

16

Intro




Frank Gielen

Lisa Pattyn



Entrepreneurship

iBoot iStart Acceleration

Success Size

Revenue

W hat? hen? here?

Acceleration

Acceleration & Growth

Model Process

2 level approach

Acceleration & Growth model

Need for a Stable Organization

to serve as a growth platform

Need for Growth Power to successfully achieve a growth transition

Need for Innovation Power to serve as fuel for growth

Initiatives & projects

screening

Smart Innovator

Process actions

Evaluation

Intake & positioning iMinds acceleration program Closing

US/Singapore

Coaching tracks

Enabling

tbd

tbd interview in depth

external initiatives cooperation

questionaire 15' screening

23

Intro




Frank Gielen

Lisa Pattyn



Entrepreneurship

the collective centre of the Belgian technological industry the collective centre of the Belgian technological industry

How Smart is Your Product? And does it even matter? iMinds Conference - Entrepreneurship

25

= Defining a Successful Technology & Product Strategy using ICT

How to realize growth?

cost (€) sales (€)

0 5

new <5y new

<5y

old >5y

old >5y

innovation

year

The technology

• Information Technologies (of all kinds) double their power about every year… (price performance, capacity, bandwidth etc.)

• Three Major Trends: • Connectivity • Mobile Devices • Technology

Everywhere

26

Source R.Kurzweil

27

Huge Challenge Caused by these Trends

number of ICT devices associated to the user

User attention bandwidth

time 1980 1990 2000 2010

Consequence #2: It is more difficult to stand out with your product in the product jungle.

Consequence #1: Users devote less time to each product

Product builders are in a competition model to get the user attention

28

SMART = a way to optimize the user attention bandwidth

time 1980 1990 2000 2010

number of ICT devices associated to user



Decision support systems (e.g. safety

critical systems)

Systems that interpret large data streams for

the user

“Empathic” Products that are aware of the intentions of users

Smart Products as a differentiator !

Augmented entertainment and

augmented vehicles.

Definition of SMART: a tentative consensus

A Smart Product

• uses information about itself, other products, or its environment

• to provide new or enhanced functionalities

• that are able to differentiate the product in a particular market

A smart technology

• can be turned into an offering

• that enables other products to become smart products

29

Example: bicycle rental company

30

Add location system (gps) to bicycles to retrieve lost ones

Use the usage data of bicycles to optimize distribution across the city

Add noise and pollution sensor to offer services to government

Observe users and provide them with alternative routes

Sensors to detect bikes in need maintenance

Set up alliances with tourist department of city to promote touristic routes

31

Will Smart Products make you money?

Business Model Canvas

Who will be your early customers?

Is the market big enough or are you making a solution for one customer?

Does it match with a customer demand?

What are the right channels?

What does the buying process look like?

Which Technologies make Smart?

Case: Personalized Bike Routes

GIS Related APIs

Setup a Biking Communityand Let them Share

Semantic Technologies?

Crawling the web for POI and index in Database

Which Set of Technologies are Right for Your Case?

Technologies for Making Smart Products

34

Sensors

Big Data

API

User Profiling

Wireless

Semantic

Web2

Interface

To help you we Launched Smart Innovator

35

Funded by

How can Smart Innovator help You?

36

Idea Generation Business Potential Evaluation Business vs Risk Analysis

Find Technological Building Blocks

Technological Experimentation/Evaluation

Support in Realization: Funding, Realization Plan, etc.

What does SMART mean for your product? And will you make money from it?

• We are here with a team at the iMinds Conference to help you move forward with your case

• One-on-one sessions this afternoon. Here at this event!

• Book your seat now. Ask us to reserve a time slot for you!

37

Jan Koen Jessie Nick

38

Intro




Frank Gielen

Lisa Pattyn



Entrepreneurship

Agenda – Internationalisation

Context Why iMinds @ Singapore? Ambition & Objectives Where are we today Next steps

39

Context: strategic plan 2012-1026 • Strategic Goals

• Achieve excellence in market-driven research • Provide comprehensive support for entrepreneurship and innovation • Foster human capital through knowledge exchange

• Strategic Enablers

• Focus on internationalization • Create world-class facilities

Why Singapore?

41

First ask: why Asia? 2050

42

Why Asia?

Asia is where growth continues to be: Population GDP Income / capita Life Expectancy Local demand Impact crisis <

43

Why Singapore?

Singapore used to be a remote city, far away from “the world”. Today, Singapore is a world class city, at the center of “the new world”. Singapore = Asia for beginners

44

Singapore = efficient + clean + strategic location + start-up focus

45

46

Our ambition and Objectives

Establish a foothold in Singapore,

use it as a hub for Asia, to promote the growth of

our companies, and to expand our

global network.

What do we offer?

Connect. Local network. Strategic partners.

Soft-landing space. Our office.

Acceleration. Business development support.

47

Where are we today?

Established iMinds Singapore, since 1 March Participated in CommunicAsia, June Moved into our own office, since 1 October

48

Office = soft-landing

49

50

Where are we today?

Established iMinds Singapore, since 1 March Participated in CommunicAsia, June Moved into our own office, since 1 October Partner network Exchange interns from SMU, to Flemish startups Welcomed first companies Facilitated first funding pitches First success story in establishing concrete wins

for our companies

51

52

What have we learned? Where do we go from here?

Key to success = active involvement companies (local demo setup, samples, follow-up, …), including feet on the ground

We want to further consolidate our presence in Singapore, gradually fan out in other SSEA markets.

We plan a mission to Singapore (~100hrs in Asia) CommunicAsia as key event

53

54

Intro




Frank Gielen

Lisa Pattyn



Entrepreneurship

Flanders Investment & Trade

Flemish Agency for International Trade External autonomous agency of the Flemish Government

(EVA) – Minister-President Kris Peeters Fusion of Export Vlaanderen & Dienst Investeren

Vlaanderen

Regional network

5 Provincial offices 15 International Business Advisors 2 Advisors Export Skills

Antwerpen

Hasselt Leuven

Gent

Brugge

Foreign network

95 offices

Services provided by Flanders Investment & Trade

awareness

information

advice

guidance

support

Awareness

Wereldwijs magazine, Guides on various topics, seminars, market and sectorial studies, Leeuw van de Export,…

Information

www.flanderstrade.be

Advice

Personal advice

Guidance

Individual prospection and group actions

Support

Incentives for international entrepreneurship

Incentives for prospection

What initiatives? Travels outside the EEA for prospection purposes Travels to seats of multilateral institutions for projects outside EEA Participation at international fairs and niche events Product documentation, commercial translations and advertisements

in specialized media Invitation of buyers and decision makers Registration, homologation and certification costs Entering a Service center abroad The establishment of a prospecting office How to apply? Only online via the website Within 15 calendar days before the start of the initiative

www.flanderstrade.be http://www.youtube.com/watch?v=V2wxovMm5z4&feature=player_embedded

FIT on twitter and Linked in

[email protected]

Want to know more?

66

Intro




Frank Gielen

Lisa Pattyn



Entrepreneurship

SAN FRANCISCO

NEW YORK

BOSTON

Coworking Space

One-on-One Consulting

HOUSING

Call for projects now open! (events.iminds.be)

Deadline: 02/12/2012 Selection: First week of December

Come talk to us @ 2nd Entrepreneurship

Break-out session