iMinds The Conference 2012 - Entrepreneurship

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Student entrepreneurship …

Student entrepreneurship

Acceleration through Smart Innovation
iMinds business acceleration

Smart Innovator
Internationalizing your business
Singapore
FIT support
Go West

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  • 1. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 1
  • 2. Student EntrepreneurshipDevelopment of entrepreneurial skills with (master) students during their studies.Why: innovation in academic education? Benchmarks: MIT, EIT labelled masters.Why iMinds? Extra curriculum activities; access to entrepreneurial ecosystemWe did a pilot in Ghent in 2011 – 2012We roll out across Flanders with universities that were interested in 2012–2013VUB Kauffman Study Shows: Student Entrepreneurs Critical to Commercializing University Startups New York Chases Silicon Valley With Roosevelt Island Site "The university of the future will combine innovation and entrepreneurship“ [DE TIJD DINSDAG 31 JULI 2012]
  • 3. Internationalization support Partnership with Local incubators, supported by FIT ICT start-ups can spend up to 3 months in the US and find the introductions, local market knowledge and “tech ICT companies are born global” support they need to get started up.2011 9 companies2012 8 companies Singapore  European pilot program from EBN Offer companies services at a selection of global locations, tailored to match their: logistics, access to the local business world, expert advice
  • 4. Acceleration program
  • 5. Enjoy your sessionsWe welcome your questions, suggestions, comments.
  • 6. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 6
  • 7. [Student Entrepreneurship TOOLBOX] • 100% practically oriented Workshops • Hands-on mentality • On demand Coaching • Valorisation business concept Start-up • Co-working space for starters garage • As from March 2012 • Financial resources iStart.Light • Continuous support and supportive framework
  • 8. MAXFree 15 3 Hands Work shops on ICT MentorsIdea and coaches
  • 9. WORKSHOP ON BUSINESS MODELS
  • 10. • Coworking space for students• Vibrant network of iStarters and flex office users Create an entrepreneurial atmosphere Stimulate discussions and talks between (student) entrepreneurs
  • 11. Collaboration software for tablets Founded April 2012
  • 12. Mobile navigation apps for sports
  • 13. NITEOWLNightlife applicationKeep track of songs you likeEnjoy promotions in bars
  • 14. Innovative pharmaceutical companyo Make homemade medecines a profitable alternativeo Sell cheap raw ingredients via advanced webplatform
  • 15. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 16
  • 16. Success SizeRevenue Acceleration W hat? hen? here?iBoot iStart Acceleration
  • 17. Acceleration & Growth 2 level approach Model Process
  • 18. Acceleration & Growth model
  • 19. Need for a Stable Organization to serve as a growth platformNeed for Growth Power to successfully achieve a growth transitionNeed for Innovation Power to serve as fuel for growth
  • 20. Initiatives & projects
  • 21. Process actions Smart Innovator US/Singapore Coaching tracks screening Evaluation Enabling questionaire 15 screening tbd interview in depth tbd external initiatives cooperation Intake & positioning iMinds acceleration program Closing
  • 22. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 23
  • 23. How Smart is Your Product?And does it even matter?iMinds Conference - Entrepreneurship the collective centre of the Belgian technological industry
  • 24. How to realize growth?cost (€)sales (€) innovation new new <5y <5y old old >5y >5y 0 5 year = Defining a Successful Technology & Product Strategy using ICT 25
  • 25. The technology• Information Technologies (of all kinds) double their power about every year… (price performance, capacity, bandwidth etc.)• Three Major Trends: • Connectivity • Mobile Devices • Technology Everywhere Source R.Kurzweil 26
  • 26. Consequence #2: It is more difficult to standHuge Challenge Caused by these Trends out with your product in the product jungle. number of ICT devices associated to the user Consequence #1: Users devote less time to each product Product builders are in a competition model to get the user attention User attention bandwidth time 1980 1990 2000 2010 27
  • 27. SMART = a way to optimizethe user attention bandwidth Augmented entertainment and Decision support augmented vehicles. systems (e.g. safety critical systems) number of ICT devices associated to user Systems that interpret large data streams for the user “Empathic” Products User attention that are aware of the bandwidth intentions of users User attention Smart Products as a differentiator ! bandwidth time 1980 1990 2000 2010 28
  • 28. Definition of SMART: a tentative consensusA Smart Product• uses information about itself, other products, or its environment• to provide new or enhanced functionalities• that are able to differentiate the product in a particular marketA smart technology• can be turned into an offering• that enables other products to become smart products 29
  • 29. Example: bicycle rental company Use the usage data of bicycles Sensors to optimize to detect bikes distribution in need across the city maintenance Add location system (gps) to bicycles to retrieve lost ones Set up alliances with tourist department of city to promote Add noise and touristic routes pollution sensor to offer services to government Observe users and provide them with alternative routes 30
  • 30. 31
  • 31. Will Smart Products make you money? Does it match with a Who will be your customer early customers? demand?What doesthebuyingprocesslook like? Is the market big enough or are you making a solution for one customer? What are the Business Model Canvas right channels?
  • 32. Which Technologies make Smart? Crawling the web for POI and Semantic index in Technologies? Database Case: Personalized Bike Which Set of Technologies are Right for Your Case? Routes GIS Related Setup a APIs Biking Community and Let them Share
  • 33. Technologies for Making Smart Products Wireless Big Data SemanticSensors API Web2 User Profiling Interface 34
  • 34. To help you we Launched Smart Innovator Funded by 35
  • 35. How can Smart Innovator help You? Idea Generation Business Potential Evaluation Business vs Risk Analysis Find Technological Technological Support in Realization: Building Blocks Experimentation/Evaluation Funding, Realization Plan, etc. 36
  • 36. What does SMART mean for your product?And will you make money from it?• We are here with a team at the iMinds Conference to help you move forward with your case• One-on-one sessions this afternoon. Here at this event!• Book your seat now. Ask us to reserve a time slot for you! Jan Koen Jessie Nick 37
  • 37. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 38
  • 38. Agenda – Internationalisation  Context  Why iMinds @ Singapore?  Ambition & Objectives  Where are we today  Next steps 39
  • 39. Context: strategic plan 2012-1026• Strategic Goals • Achieve excellence in market-driven research • Provide comprehensive support for entrepreneurship and innovation • Foster human capital through knowledge exchange• Strategic Enablers • Focus on internationalization • Create world-class facilities
  • 40. Why Singapore?First ask: why Asia? 2050 41
  • 41. 42
  • 42. Why Asia?Asia is where growth continues to be: Population GDP Income / capita Life Expectancy Local demand Impact crisis < 43
  • 43. Why Singapore?Singapore used to be a remote city, far away from“the world”. Today, Singapore is a world class city,at the center of “the new world”.Singapore =Asia for beginners 44
  • 44. Singapore = efficient + clean + strategic location + start-up focus 45
  • 45. Our ambition and Objectives Establish a foothold in Singapore, use it as a hub for Asia, to promote the growth of our companies, and to expand our global network. 46
  • 46. What do we offer? Connect. Local network. Strategic partners. Soft-landing space. Our office. Acceleration. Business development support. 47
  • 47. Where are we today? Established iMinds Singapore, since 1 March Participated in CommunicAsia, June Moved into our own office, since 1 October 48
  • 48. Office = soft-landing 49
  • 49. 50
  • 50. Where are we today? Established iMinds Singapore, since 1 March Participated in CommunicAsia, June Moved into our own office, since 1 October Partner network Exchange interns from SMU, to Flemish startups Welcomed first companies Facilitated first funding pitches First success story in establishing concrete wins for our companies 51
  • 51. 52
  • 52. What have we learned?Where do we go from here? Key to success = active involvement companies (local demo setup, samples, follow-up, …), including feet on the ground We want to further consolidate our presence in Singapore, gradually fan out in other SSEA markets. We plan a mission to Singapore (~100hrs in Asia) CommunicAsia as key event 53
  • 53. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 54
  • 54. Flanders Investment & Trade Flemish Agency for International Trade External autonomous agency of the Flemish Government (EVA) – Minister-President Kris Peeters Fusion of Export Vlaanderen & Dienst Investeren Vlaanderen
  • 55. Regional network5 Provincial offices15 International Business Advisors2 Advisors Export Skills    Antwerpen Brugge     Gent  Hasselt    Leuven  
  • 56. Foreign network95 offices
  • 57. Services provided byFlanders Investment & Trade awareness information advice guidance support
  • 58. AwarenessWereldwijs magazine, Guides on various topics, seminars,market and sectorial studies, Leeuw van de Export,…
  • 59. Informationwww.flanderstrade.be
  • 60. AdvicePersonal advice
  • 61. GuidanceIndividual prospection and group actions
  • 62. SupportIncentives for international entrepreneurship
  • 63. Incentives for prospectionWhat initiatives? Travels outside the EEA for prospection purposes Travels to seats of multilateral institutions for projects outside EEA Participation at international fairs and niche events Product documentation, commercial translations and advertisements in specialized media Invitation of buyers and decision makers Registration, homologation and certification costs Entering a Service center abroad The establishment of a prospecting officeHow to apply? Only online via the website Within 15 calendar days before the start of the initiative
  • 64. Want to know more? www.flanderstrade.behttp://www.youtube.com/watch?v=V2wxovMm5z4&feature=player_embedded FIT on twitter and Linked in karla.laheye@fitagency.be
  • 65. EntrepreneurshipIntro Frank GielenStudent entrepreneurship Lisa PattynAcceleration through Smart Innovation iMinds business acceleration Koen Vriesacker Smart Innovator Jessie DedeckerInternationalizing your business Singapore Ralph Moreau FIT support Karla Laheye Go West Lisa Pattyn 66
  • 66. SAN FRANCISCO
  • 67. NEW YORK
  • 68. BOSTON
  • 69. Coworking Space
  • 70. One-on-One Consulting
  • 71. HOUSING
  • 72. Call for projects now open! (events.iminds.be) Deadline: 02/12/2012 Selection: First week of December
  • 73. Come talk to us@ 2nd Entrepreneurship Break-out session