The Incubator of Creative Industries role in the SMILIES project: An innovation and investment multiplier P.Ignatiadis SMILIES Kick off Meeting Rethymno, 14-15/05/2009
The Incubator of Creative Industries role in the SMILIES
project: An innovation and investment multiplier
P.IgnatiadisSMILIES Kick off MeetingRethymno, 14-15/05/2009
INCUBATOR TOOLS AND SERVICES
2
INCUBATOR IN SMILIES
TECHNOLOGY WATCH (radar)
NETWORKING
TRAINING IN BUSINESS PLANNING INCUBATOR
FUND
PRE-INCUBATION
& MATURATION
3
TECHNOLOGY WATCH
4
5
TRAINING IN BUSINESS PLANNING
Business Planning
6
The elements of a business plan Protecting an idea and Value Chain Analysis Business Models Entrepreneurial Marketing – Innovation &
Marketing Entrepreneurial Marketing – Tools Entrepreneurial Finance & Valuation
Incubation projects
7
INCUBATION
PROJECT
Incubation process
8
Ideas
People
DatingEventDuring SMILIES
ExternalVenture
InternalVenture
NewProject
VentureLaunch
Gate 1 Gate 2 Gate 3
ConnectingPeople and Ideas
Building BusinessOpportunity Plan
To IInnovation Board
2010 2011 2012 onwards
INCUBATION PROJECTS
Aimed at accomplishing the valorisation of ideas
Development of ideas with market potential
Use of stage gate to drive the projects
Physical space and services ( scheduled in 2010)
Mentoring and coaching
9
IDEA COMMERCIALISATION STAGE GATE
10
Incubation
0-3 years
Stage 1
Stage 2
Stage 3
Investigation
Feasibility
Development
Technical
Step 1TechnicalAnalysis
Step 4TechnicalFeasibility
POC
Step 7Engineering
Prototype
Market
Step 2Market
Assessment
Step 5MarketStudy
Step 8MarketPlan
Business
Step 3Venture
Assessment
Step 6EconomicFeasibility
Step 9Business
Plan
Stage 4
Stage 5
Stage 6
Pilot
Growth
Maturity
Step 10Pre-Prod.Prototype
Step 13Production
Step 16BusinessGrowth
Step 11Market
Validation
Step 14Sales &
Distribution
Step 17Market
Diversity
Step 12BusinessStart-up
Step 15BusinessGrowth
Step 18BusinessMaturity
Acceleration
3-5 years
Idea
11
INCUBATOR FUND
Incubator Fund – how
Fund to be established in 2010 ?
Preseed financing approx 200 Keuro/project
12
Innovationproposal
by innovation boardInnovation agreement
With the Fund
Project submittedto manager
Innovationdecision
by board of directors
to6 weeks 6 weeks 6 weeks
Incubator Strategic Axes - July 2008
13
Testbed for newtechnologies in
creative industries
Feasibility study for research
infrastructures
- Proposal from
TEI CRETE
All partnersinvolved
-Consultation
tobe launched
ON SCHEDULE
Develop aCreativity Zone
inAgia Triada
Create acreativity
zone
- Bench learning
fromThessalonikiInnovation
Zone
Dialogue withthe
Municipalityof Arkadi
ON SCHEDULE
Growth of Creativity
Corridors inRethymno
Transform the
cultural places in the
city
- A projectproposal
underway from
FORTH
- Web 2,0technologies
-On linenetworkingDigital City
project
-Proof ofconcept
seminar with local SMEs
ON SCHEDULE
ExpandEntrepreneurial
Capacity in creativity
Create a network with the Industrial
Park
ON SCHEDULE
Skills for thecreative
industries
To teach creativity andinnovation to the creators
-Ideas andproposals to
beestablished
- Partnershipwith the
University ofCrete for LifeLong Learning
Program
-Apply forprogrammes
likeEQUAL, LLL
ON SCHEDULE
Become leadingincubator for
creative industries
Plans, Feasibility
Studies
Review of offers
Find strategicpartners
-Finalize plans
and strategicpartners
LAUNCHBEHIND
SCHEDULE:Business
partner beingassessed