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
    • Need for VLT initiative
    • Stakeholders
    • Participants
    • VLT Concept
    • Proof of concept
    • Questions & Answers
    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
    • .. for ambitious people who want to build their own company
    • Business Creation
    • Business Acceleration
    • - high tech, high growth and international focus
    • Flexible support programme ..
    • tailored to need of company
    • .. one year for € 3.000
    VLT Concept
  • 5. Targets groups
    • High Tech
    • Broad definition, including aspects (and/or)
    • Intellectual Property Right (IPR)
    • New Business Model
    • New proposition in Value chain
    • New technology
    • Business experience
    • Serial entrepreneur
    • or no experience at all
    • … average age of participants > 46 years
    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
    • Ideas
    • Assessing the opportunity
    • Strategic processes
    • Business plan
    • Culture, values, norms
    • Facilities
    • Personelarrangements & Systems
    • Knowledge
    • Contacts with:
    • Clients
    • Suppliers
    • Experts
    • Colleagues
    • Support agents
    • Own capital
    • Bridging development period
    • Financing investments - Venture Capital - Loans
  • 8. But companies often underperform
    • Mono-disciplinary
    • Teams (tech)
    • No management
    • Skills
    • Strategic drift
    • Technology/market
    • Small ambition
    • “ Death valley”
    • Long time to market
    • High cost - high risk
    • Unsufficient funding
    • Academic
    • networks
    • Small markets
    • No networks
    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
    • Culture, values, norms
    • Facilities
    • Personelarrangements & Systems
    • Knowledge
    • Ideas
    • Assessing the opportunity
    • Strategic processes
    • Business plan
    • Contacts with:
    • Clients
    • Suppliers
    • Experts
    • Colleagues
    • Support agents
    • Own capital
    • Bridging development period
    • Financing investments - Venture Capital - Loans
    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
    • Small project staff
    • … and a large network
    • >35 trainers (UT, TSM, expert organisations, international professors)
    • >35 experienced business coaches
    • >10 expert coaches
      • Laywers, patent attorneys, accountants, investors
    • 75 business panel members
      • Alumni networks en professional organisations
    • Banks, 4 informal investor networks, 60 VC’s
    • Research Institutes and Universities
    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.
    • Synthetic seeds
    • Solar energy
    • Insulation/Cooling
    • Simultaneous multi-language translations
    • Aviation and Bio fuel
    • 3-D printing
    • E-commerce (internet platforms)
    • Remote sensoring/measurement
    • Energy information systems
    • Identity management
    • Smart materials
    • Laser technology
    • Rontgen diffraction
    • Water treatment
    • Battery technology
    • Meat recovery
    • Tracking & Tracing
    • Climate systems
    • Drug delivery system
    • Social media
    • Machine maintenance
    • High Tech detectors
    • Video mapping
    Different technologies
  • 18. Technology clusters
  • 19. Achievements in 2010
    • VNO-NCW Price for VLT: € 22.650
    • Price money used for travel grant for internatio-nal business trips for VLT participants (€500 pp)
    • International Soft Landing designation
    • 28 participants received “TOP-loan” of UT
    • 2 VLT participants in SME top 50 of most innovative companies
    • 4 out of 7 finalists of the Young Technology Award participate in VLT
    • Regional, national and international promotion of VLT participants …. free publicity
    • Foundation Rapid Manufacturing Center
  • 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?
    • No, it is in your genes!
    • but you can ..
    • Improve business model
    • Learn what was unknown to you
    • Get answers to questions you didn’t ask
    • Meet people you weren’t looking for
    • Improve skills and find collegues
    •  ACHIEVE MORE WITH LESS
    • “ Dynamic Entrepreneurial Environment ”
    VLT for YOU! Summary
  • 22. Planning
    • Open training 8-9 September 2011
    • Start next group: 13-14 October 2011
    • Duration: 1 year
    • Training every Friday
    • Community day on Thursday
    • Monthly Venture Classes
    • Four monthly business panels
    • 2-weekly coaching
    • Coaching sessions with experts
    • Fulltime availability of own office
    • facilities at The Corridor
    VLT for YOU! Planning
  • 23. Venturelab Office facilities in The Corridor The Corridor Nikos Faculty club VLT Future location VentureLab
  • 24. Participation fee
    • Total costs: € 30,000 per participant
    • Participation fee:
    • Enrollment fee of € 3,000
    • Promotors:
    • Subsidy of € 27,000 : EU, Province of Overijssel, Twente region, Saxion University, University of Twente (Nikos)
  • 25. Participants contribution to research
    • Participants profile at intake
    • Weekly diary (5 minutes)
    • 4-Monthly monitor
    • 4-Monthly Business panel presentation
    • Exit interview
    • Annual monitor afterwards
    This project is made possible by contributions of the European Union and the Province of Overijssel VLT for economy
  • 26.
    • Fill out application form via website
      • Include motivation letter and cv
    • Intake meeting with VLT representants
      • Complete tests directly after intake
    • Decision on participation
    • Sign participation agreement
    • Obligation to live and/or settle company (partly) in Overijssel/Gelderland
    • Enrollment
    • - 13-14 October 2011
    How to apply? NEXT STEPS
  • 27. Questions & Answers
    • Contact
    • [email_address]
    • Personal contact after this presentation
    • www.venturelabtwente.com
      • For more information and registration