Lundin swedish incubators and science parks_Polish Ministry of Economy

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Lundin swedish incubators and science parks_Polish Ministry of Economy

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  • Today Sweden is ranked as the most innovative nation in various international indexes. Innovation Capacity Index – European Business SchoolHowever, manyofthesecompanieshavehaddifficulties in growing and becomebigenough on the international arena. Sweden has the last 15 years not beengood at developing new largetech-based export companies. Low part of GDP (European Innovation Scoreboard)
  • Lundin swedish incubators and science parks_Polish Ministry of Economy

    1. 1. Workshop on “Management and Leadership Skills in High-Growth Firms OECD/Polish Ministry of Economy Warszawa May 6th Magnus Lundin, CEO
    2. 2. Triple helix-based nodes in regional innovation system 43 Business Incubators (accelerators), 33 Science Parks, 12 regional seed capital funds Focus on processes, commercialization and renewal of businesses 5000 growth companies with 72000 knowledge workers Swedish Incubators & Science Parks
    3. 3. 3 1/131 – Innovation Capacity Index 2011 2/125 – Global Innovation Index 2012 1/82 – Global Creativity Index 2011
    4. 4. 5
    5. 5. Swedish business incubators 1/2  A business support process that accelerates the successful development of start-up companies by providing entrepreneurs with an array of targeted resources and services. A business incubator’s main goal is to produce successful firms with high growth potential.  Incubation program manager/CEO,  Linkages to higher education resources/research and strategic partners,  Networking activities among incubation program clients,  Marketing assistance,  Access to financing and capital,  Measures outcome data.
    6. 6. Swedish business incubators 2/2 (appr.)  Annually 4500 business ideas are evaluated, 10 % accepted  1/3 of the ideas from academia, 1/3 from freestanding inventors and entrepreneurs and 1/3 from companies  800 start ups presently in the incubators (200 projects, 600 companies)  150 companies attracts venture funding annually  ROI on tax payers investment (for running the incubators) approximately 8-10 times annually  The incubators operational funding comes from local, regional and national public bodies, some private funding/sponsorship  Most Swedish incubators runs business angels networks, 9 (+9) have a affiliated seed capital fund (private money)
    7. 7. Leadership skills needed for start up CEO’s  …jack of all trades…  Driven  Market knowledge  Innovation  International sales  Visionary leadership  Finance  Business administration  …and that’s just the CEO
    8. 8. Leadership and management skills - incubators  Key issue, key part of incubators process  Match making idea – entrepreneur (and investor)  Training programs for entrepreneurs  Experience-sharing between entrepreneurs  Business coach (and often advisory board) gradually substituted to board of directors and chairman  Team building support, social activities, story telling  National incubation program (Innovation Bridge/ALMI) and SISP supports incubator manager development
    9. 9. Global value chains Open innovation Small & medium-sized companies
    10. 10. STING – eco system for innovative technology startups from Sweden Business Incubator  Closely connected to all major innovation environments in Stockholm = large and qualified deal flow. Evaluating 150–200 new projects per year  12–15 of them accepted to the incubator every year, 8% of deal flow  Highly qualified business development support, ½ -1 day per week during max. 2 years Business Angel Network  Close to 40 established and respected entrepreneurial business angels Venture Capital Fund  STING Capital I - in volume, the largest early stage investor in Sweden In-house Recruitment Service  STING Search for Talents - to supply the companies with key personnel
    11. 11. Swedish science park  A triple helix-based meeting place for ideas, innovations, entrepreneurs, talent, investors, research, c ompanies - with knowledge intensive business in focus!  Regional platform for innovation (support) system  Operator and host for business development and innovation processes, test beds/living labs, clusters, …  Place development and place branding  The goal is to promote the economic development and competitiveness of regions and cities.
    12. 12. Success factors SMEs  < 6 % 10-50 employees  Grow with knowledge, (radical, open) innovation and internationalization  Will to grow  Leadership for growth (not only CEO)  Ability to deliver  Sale! (and dare to choose customers)  Attract (the right) employees  Right setting (neighbor companies, network, test beds/demonstrators, finance, clusters, value chains)  …obvious offer from a science park!
    13. 13. Industri Academia Samhälle Karlsborg Götene Strömstad Tanum Dals-Ed Åmål Bengtsfors Mellerud Färgelanda Vänersborg Munkedal Grästorp Lidköping Uddevalla Trollhättan Essunga Lilla EdetStenung- sundTjörn Orust Lysekil Sotenäs Kungälv Ale Vårgårda Alingsås Herrljunga Vara Skara Falköping BoråsLerum Göteborg Öckerö Partill e Mölndal Härryda Mark Bollebygd Ulricehamn Tranem o Svenljunga Tidaholm Skövde Hjo Tibro Mariestad Töreboda Gull- spång FoU Science Parks in West Sweden Interactive research, development & innovation arenas Innovatum Science Park Lindholmen Science Park Sahlgrenska Science Park BoråsJohanneberg Science Park Industry Public sector “These platforms place Västra Götaland on the European research map as a region that is innovative, entrepreneurial and “thinks outside the box”. OECD Territorial Review Sweden Gothia Science Park
    14. 14. Regional knowledge cluster Johanneberg Science Park Life science Medicine Biotech Intelligent Vehicle & Transport Systems Mobile Internet Modern Media & Design Lindholmen Science Park Sahlgrenska Science Park Innovatum Gothia Science Park Espira Urban/Communit y development Energy Materials & Nano
    15. 15. Leadership and management skills – science parks  Key issue – but different aspect (existing companies)  Social activities, story telling  Clusters (networks, value chain approach)  Training programs for CEO’s, board of directors, sales staff etc.  Experience-sharing between entrepreneurs  Business coaching  SISP runs national science park development program for science park-CEO’s and management staff (Innovation Excellence)
    16. 16. metamorphase What do you do? How do you do it? Supporting processes Management System Strategic Development Resource Building Core processes Providing Facilities Innovation Support Business Development Support Innovation Ecosystem 27 Based on discussions in the workshop, we identified 4 high level core processes that are common to all Science Parks. We also agreed 3 standard high level support processes
    17. 17. Success factors incubator – and science parks  Not one solution – synergy among multiple factors. Scale & critical mass,  Long term broad support (triple helix) – embedded in society,  Complementing market – public sector funding but also companies' payment  Mission with targeted business development and management guidance…  …put in to practice by practitioners/entrepreneurs/CEOs,  Commercialization and knowledge based renewal of existing companies  Selecting clients/tenants (based on cultural fit, fit to value chain, potential for success, client needs at entry),  Showcasing companies/effects to the community and potential funders,  Place management/branding attracting talent and investments
    18. 18. Swedish Business Incubators & Science Parks sisp.se @sisp @magnusswede magnus.lundin@sisp.se linkedin.com/in/magnuslundinsweden Let’s keep in touch

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