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VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
VentureLab Twente information meeting 2011-06-09
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VentureLab Twente information meeting 2011-06-09

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Information about VentureLab Twente in The Netherlands.

Information about VentureLab Twente in The Netherlands.

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  • 1. VentureLab Twente Information, June 2011 Ruud Koopman, Coaching This project is made possible by contributions of the European Union and the Province of Overijssel
  • 2. Participation in VentureLab Twente <ul><li> Need for VLT initiative </li></ul><ul><li>Stakeholders </li></ul><ul><li>Participants </li></ul><ul><li>VLT Concept </li></ul><ul><li>Proof of concept </li></ul><ul><li>Questions & Answers </li></ul>Content
  • 3. VentureLab Twente .. initiative and objectives University Twente: > 800 start-ups in 25 yrs … but they remain small (< 10 fte) University asked to design business support program for growth companies  VLT VLT OBJECTIVES 350 participants in 5 years 200 SME’s 30 SME’s >100 fte’s 3000 direct, 6000 indirect fte’s Need for program
  • 4. VentureLab Twente … a partner in creating value <ul><li>.. for ambitious people who want to build their own company </li></ul><ul><li>Business Creation </li></ul><ul><li>Business Acceleration </li></ul><ul><li>- high tech, high growth and international focus </li></ul><ul><li>Flexible support programme .. </li></ul><ul><li>tailored to need of company </li></ul><ul><li>.. one year for € 3.000 </li></ul>VLT Concept
  • 5. Targets groups <ul><li>High Tech </li></ul><ul><li>Broad definition, including aspects (and/or) </li></ul><ul><li>Intellectual Property Right (IPR) </li></ul><ul><li>New Business Model </li></ul><ul><li>New proposition in Value chain </li></ul><ul><li>New technology </li></ul><ul><li>Business experience </li></ul><ul><li>Serial entrepreneur </li></ul><ul><li>or no experience at all </li></ul><ul><li>… average age of participants > 46 years </li></ul>VLT for YOU! Participants
  • 6. VentureLab Twente Our value proposition, your choice Do it yourself Struggle two years all by yourself .. .. and create a company value of 100 .. “ I don’t have time for the VLT programme” Do it with VLT Exploit the benefits of the VLT program .. .. and create a company value of 1000 within one year VLT for YOU! Participants
  • 7. Entrepreneurial needs (4S model NIKOS) VLT CONCEPT Entrepreneur and Enterprise Scope: from idea to Strategy Social Network- Contacts Skills: Patterns of Organi- sation Scale: Economy Financial means <ul><li>Ideas </li></ul><ul><li>Assessing the opportunity </li></ul><ul><li>Strategic processes </li></ul><ul><li>Business plan </li></ul><ul><li>Culture, values, norms </li></ul><ul><li>Facilities </li></ul><ul><li>Personelarrangements & Systems </li></ul><ul><li>Knowledge </li></ul><ul><li>Contacts with: </li></ul><ul><li>Clients </li></ul><ul><li>Suppliers </li></ul><ul><li>Experts </li></ul><ul><li>Colleagues </li></ul><ul><li>Support agents </li></ul><ul><li>Own capital </li></ul><ul><li>Bridging development period </li></ul><ul><li>Financing investments - Venture Capital - Loans </li></ul>
  • 8. But companies often underperform <ul><li>Mono-disciplinary </li></ul><ul><li>Teams (tech) </li></ul><ul><li>No management </li></ul><ul><li>Skills </li></ul><ul><li>Strategic drift </li></ul><ul><li>Technology/market </li></ul><ul><li>Small ambition </li></ul><ul><li>“ Death valley” </li></ul><ul><li>Long time to market </li></ul><ul><li>High cost - high risk </li></ul><ul><li>Unsufficient funding </li></ul><ul><li>Academic </li></ul><ul><li>networks </li></ul><ul><li>Small markets </li></ul><ul><li>No networks </li></ul>VLT CONCEPT Not market oriented Scope: from idea to Strategy Social Network- Contacts Skills: Patterns of Organi- sation Scale: Economy Financial means
  • 9. VLT instruments for success <ul><li>Culture, values, norms </li></ul><ul><li>Facilities </li></ul><ul><li>Personelarrangements & Systems </li></ul><ul><li>Knowledge </li></ul><ul><li>Ideas </li></ul><ul><li>Assessing the opportunity </li></ul><ul><li>Strategic processes </li></ul><ul><li>Business plan </li></ul><ul><li>Contacts with: </li></ul><ul><li>Clients </li></ul><ul><li>Suppliers </li></ul><ul><li>Experts </li></ul><ul><li>Colleagues </li></ul><ul><li>Support agents </li></ul><ul><li>Own capital </li></ul><ul><li>Bridging development period </li></ul><ul><li>Financing investments - Venture Capital - Loans </li></ul>Knowledge Office space Organisational support Strategic Coach Access to: Soft loans Participation Venture capital Introductions Brokerage VLT CONCEPT Entrepreneur, team and Enterprise Coaching, Training, Team building & Courses Scope: from idea to Strategy Social Network- Contacts Skills: Patterns of Organisation Scale: Economy Financial means
  • 10. Key success factor for value creation .. focus on personal skills & team skills VALUE CREATION VLT CONCEPT Opportunity recognition Opportunity preparation Opportunity exploitation CTO/COO Culture Capital CFO Economic Capital CEO Strategic Capital CMO Social Capital
  • 11. Value Creation model of VLT VLT CONCEPT YOUR VALUE YOUR IDEA VLT support
  • 12. VLT.. Value creation support Unique and integral approach Coach M T/O € S Free office space Personal skills Team builiding Networks TRAINING S = Strategy M = Marketing T = Technology O = Operations € = Finance GROUPS Synergy groups Business model Business plan ‘ Investor readiness’ Access Market Research ‘ Reuters and Business Insights’ UT Librairy Capital Banks, BA’s, VC’s Customers
  • 13. Coaching & guidance key for success .. linking theory and practice Internal (Personal) Development External (Business) Development coaching guiding VLT CONCEPT Concrete, touchable Support Soft, tailormade Support
  • 14. VLT: virtual organisation .. entrepreneurial environment <ul><li>Small project staff </li></ul><ul><li>… and a large network </li></ul><ul><li>>35 trainers (UT, TSM, expert organisations, international professors) </li></ul><ul><li>>35 experienced business coaches </li></ul><ul><li>>10 expert coaches </li></ul><ul><ul><li>Laywers, patent attorneys, accountants, investors </li></ul></ul><ul><li>75 business panel members </li></ul><ul><ul><li>Alumni networks en professional organisations </li></ul></ul><ul><li>Banks, 4 informal investor networks, 60 VC’s </li></ul><ul><li>Research Institutes and Universities </li></ul>This project is made possible by contributions of the European Union and the Province of Overijssel
  • 15. Group 1: 19 entrepreneurs (17 companies) - May 2009 Group 2: 24 entrepreneurs (20 companies) - October 2009 Group 3: 20 entrepreneurs - January 2010 - Group 4: 19 entrepreneurs - April 2010 Group 5: 28 entrepreneurs - September 2010 Group 6: 10 entrepreneurs - November 2010 Group 7: 19 entrepreneurs - February 2011 Group 8: 26 entrepreneurs – May 2011 Group 9: To start on October 13 Proof of concept Proof of concept
  • 16. Origin of participants
  • 17. <ul><li>Synthetic seeds </li></ul><ul><li>Solar energy </li></ul><ul><li>Insulation/Cooling </li></ul><ul><li>Simultaneous multi-language translations </li></ul><ul><li>Aviation and Bio fuel </li></ul><ul><li>3-D printing </li></ul><ul><li>E-commerce (internet platforms) </li></ul><ul><li>Remote sensoring/measurement </li></ul><ul><li>Energy information systems </li></ul><ul><li>Identity management </li></ul><ul><li>Smart materials </li></ul><ul><li>Laser technology </li></ul><ul><li>Rontgen diffraction </li></ul><ul><li>Water treatment </li></ul><ul><li>Battery technology </li></ul><ul><li>Meat recovery </li></ul><ul><li>Tracking & Tracing </li></ul><ul><li>Climate systems </li></ul><ul><li>Drug delivery system </li></ul><ul><li>Social media </li></ul><ul><li>Machine maintenance </li></ul><ul><li>High Tech detectors </li></ul><ul><li>Video mapping </li></ul>Different technologies
  • 18. Technology clusters
  • 19. Achievements in 2010 <ul><li>VNO-NCW Price for VLT: € 22.650 </li></ul><ul><li>Price money used for travel grant for internatio-nal business trips for VLT participants (€500 pp) </li></ul><ul><li>International Soft Landing designation </li></ul><ul><li>28 participants received “TOP-loan” of UT </li></ul><ul><li>2 VLT participants in SME top 50 of most innovative companies </li></ul><ul><li>4 out of 7 finalists of the Young Technology Award participate in VLT </li></ul><ul><li>Regional, national and international promotion of VLT participants …. free publicity </li></ul><ul><li>Foundation Rapid Manufacturing Center </li></ul>
  • 20. VLT has international recognition ‘ Soft Landings Designation’ Soft Landings network met OOST NV en BTC Soft Landers from USA, Russia and India
  • 21. Can you learn to become an entrepreneur? <ul><li>No, it is in your genes! </li></ul><ul><li>but you can .. </li></ul><ul><li>Improve business model </li></ul><ul><li>Learn what was unknown to you </li></ul><ul><li>Get answers to questions you didn’t ask </li></ul><ul><li>Meet people you weren’t looking for </li></ul><ul><li>Improve skills and find collegues </li></ul><ul><li> ACHIEVE MORE WITH LESS </li></ul><ul><li>“ Dynamic Entrepreneurial Environment ” </li></ul>VLT for YOU! Summary
  • 22. Planning <ul><li>Open training 8-9 September 2011 </li></ul><ul><li>Start next group: 13-14 October 2011 </li></ul><ul><li>Duration: 1 year </li></ul><ul><li>Training every Friday </li></ul><ul><li>Community day on Thursday </li></ul><ul><li>Monthly Venture Classes </li></ul><ul><li>Four monthly business panels </li></ul><ul><li>2-weekly coaching </li></ul><ul><li>Coaching sessions with experts </li></ul><ul><li>Fulltime availability of own office </li></ul><ul><li>facilities at The Corridor </li></ul>VLT for YOU! Planning
  • 23. Venturelab Office facilities in The Corridor The Corridor Nikos Faculty club VLT Future location VentureLab
  • 24. Participation fee <ul><li>Total costs: € 30,000 per participant </li></ul><ul><li>Participation fee: </li></ul><ul><li>Enrollment fee of € 3,000 </li></ul><ul><li>Promotors: </li></ul><ul><li>Subsidy of € 27,000 : EU, Province of Overijssel, Twente region, Saxion University, University of Twente (Nikos) </li></ul>
  • 25. Participants contribution to research <ul><li>Participants profile at intake </li></ul><ul><li>Weekly diary (5 minutes) </li></ul><ul><li>4-Monthly monitor </li></ul><ul><li>4-Monthly Business panel presentation </li></ul><ul><li>Exit interview </li></ul><ul><li>Annual monitor afterwards </li></ul>This project is made possible by contributions of the European Union and the Province of Overijssel VLT for economy
  • 26. <ul><li>Fill out application form via website </li></ul><ul><ul><li>Include motivation letter and cv </li></ul></ul><ul><li>Intake meeting with VLT representants </li></ul><ul><ul><li>Complete tests directly after intake </li></ul></ul><ul><li>Decision on participation </li></ul><ul><li>Sign participation agreement </li></ul><ul><li>Obligation to live and/or settle company (partly) in Overijssel/Gelderland </li></ul><ul><li>Enrollment </li></ul><ul><li>- 13-14 October 2011 </li></ul>How to apply? NEXT STEPS
  • 27. Questions & Answers <ul><li>Contact </li></ul><ul><li>[email_address] </li></ul><ul><li>Personal contact after this presentation </li></ul><ul><li>www.venturelabtwente.com </li></ul><ul><ul><li>For more information and registration </li></ul></ul>

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