UNSW Innovations Using University global connections to support entrepreneurial capacity building Joshua Flannery Director, FounderLab Manager, Student Entrepreneur Develop Division of Enterprise, UNSW Innovati UNSW
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UNSW Innovations
Using University global connections to support entrepreneurial capacity building
Joshua FlanneryDirector, FounderLabManager, Student Entrepreneur DevelopmentDivision of Enterprise, UNSW InnovationsUNSW
Looking through a different lens
The UNSW Startup Program
The Program traction
The Startups
University global connections
The University
International Office
(Marketing & Student
recruitment)
Tech transfer office networks
Alumni Relations (overseas)
Overseas Partner
Universities and Alliances
Strategic partners (foreign
corporate and government)
International Marketing & RecruitmentGlobal Entrepreneurial Talent Scouting
Alumni Relations: Beyond Philanthropy Campaigns
Partners: Market Entry meets Pitch Competition
Evolution, Scale and Spin-off Programs
Commercialisation Office Networks
A UNSW Landing Pad in Shanghai
• Recruitment (Tokyo Institute of Technology)• Incubation (boot camp)• Alumni & Mentor Networks• Local Asian innovation networks (HHQ)• Landing Pad (Alumni + Austrade + partners)
Pulling the elements together: Innovation Dojo
More Media and More Business
Appendix
RESEARCH OUTPUTS
Publications
Processes
Materials
Technology
Know-how
Innovation
Skills
NewKnowledge
Researchers
TeachingNetworking/
Events
Consultancy
ProfessionalDevelopment
Collaborative Research
Contract Research
Licensing
Company Creation
KE CHANNELS
Knowledge Flow
Jobs
New Products
New services
Turnover
Profit
R&D expenditure
% turnover from new products/ services
IMPACT
Start-up
Spin-out
Society
Government
Policy-makers
Entrepreneurs
Small Co’s
Big Co’s
USERS
OTHERFACTORS
OTHERFACTORS
Research
UNSW: A complex ecosystem on campus
400+ Startup & SME teams supported
since 2014Top 10 teams raised $12.5M+
180+ triaged mentors
800+ students & Alumni in real
businesses4 Flagship
Events
World’s first Work Integrated
Learning + Startup Product
Development Model
UNSW Start: Entrepreneur Development since 2012
Case study: Naveen Neti, Haventec
haventec secured a major financial institution as their first client generating over $1M in revenue
UNSW SED
Guidance
Pitch preparation
and competition
entry
Investor and mentor introduction
Original team dissolved then reforms with
mentor together forming haventec
Secures first client in $1M+ deal
Giving back as a Startup Launch
mentor
Case study: ShanShan Wang, ROAM
ROAM has secured an $85K innovation grant from AMP and ShanShan has become an ambassador for the Rare Birds international female entrepreneurship initiative.
Participant in Startup Games program
Multiple consulting
and mentoring sessions
Connected with
potential mentors / partners
Offer to use UNSW labs
and equipment for product
development and testing
Media exposure /
video features
Case study: Brad Lorge, Premonition
Premonition has recently secured investment from Rimon Investments and is the process of raising a second round of funding
Legal centre
support; structuring
etc
Multiple pitch preparation
sessions and competitions
Connected with potential
mentors / partners
Silicon Valley Mentors for
UNSW Entrepreneur group support during US trip
Assistance with grant
applications and
reference checks
3 years and ongoing
support until funding secured
Successful feeder to top accelerators
Supporting UNSW startups post accelerator
Mentors for UNSW Entrepreneurs
• 180+ triaged mentors from a variety of industries and the startup ecosystem
• Volunteer mentoring for UNSW startups• Connected to UNSW startup teams via the
Student Entrepreneur Development team service
MVP Fund
In product development, the minimum viable product (MVP) is the product with the highest return on investment versus risk - essentially a demo of the product, rather than a full fledged working model.
The MVP Fund provides no strings attached, small grants to early stage startups to develop their MVP.
600+ UNSW teams supported
Summary
“The blueprint of best practice entrepreneur support, is basically what the UNSW Innovations department is currently doing.”
- Colin Kinner, Author, “Boosting High-Impact Entrepreneurship in Australia”, (Chief Scientist report, 2015) and Director, Spike Innovation
http://www.startupsmart.com.au/advice/leadership-advice/leadership/how-two-australian-universities-are-fostering-the-next-generation-of-entrepreneurs/
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