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Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
Startup Costa Rica
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Startup Costa Rica

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Startup Costa Rica

Startup Costa Rica

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  • 1. a  development  opportunity  for  our  country  introducingStartup Costa Rica
  • 2. Startup  Costa  Rica  –  Learning  &  Accelera7on   1 2 3               Our    c    urrent                       reality   Success                                           stories  abroad                 Our    p  roposal                         for  Costa  Rica   We  believe  in  Costa  Rica’s  talent  great  poten6al              
  • 3. 1                                         Our  current  reality   Many  good  things  happening,  but  s6ll  a  long  way  to  go  …              
  • 4. La6n  American  Accelerators  as  an  indicator  
  • 5. Costa  Rican  Entrepreneurial  Ecosystem  Market  Size   Costa  Rica:   •  Popula7on:  5  million   •  Capital:  San  Jose   •  Great  Metro  Area:  50%  country’s   popula7on  in  800  sq  mi  (4%  total   area)   •  $7.7K  GDP  per  capita   Central  America:   •  Popula7on:  around  45  million   •  7  countries   •  $2.5K  GDP  per  capita   •  A  45  million  people  region   could  become  a  more   interes7ng  player  in  LatAm   (just  aSer  Brazil,  Mexico  and   Colombia)    
  • 6. Incubators   Events   Venture  Capital   Universi7es  Contests   Government   Costa  Rican  Entrepreneurial  Ecosystem  Some  Important  Players  
  • 7. Costa  Rican  Entrepreneurial  Ecosystem  High  Level  Analysis   •  Leadership (non government) •  Institutions •  Regulatory Framework Policy   •  Incentives •  Early customers •  Market Size / Focus •  Entrepreneur’s network Markets   Finance   Diaspora network •  Ecosystem   Domains     By  Daniel   Isenberg   •  Tolerance of Risks, Mistakes and Human   Failures Culture   Capital   •  Social Status of Entrepreneur Supports   •  Technical Experts, Advisors •  Entrepreneurship promotion (all NGO category)
  • 8. 2                                         Success  stories  abroad   Startup  Chile,  Silicon  Valley,  Israel,  Boston  …              
  • 9. Entrepreneurial  Hubs  Worldwide  •  Silicon  Valley   •  Started  around  1950  at  Stanford  University   •  1970-­‐2010  VCs  have  invested  $210B+  in  ~10K  companies  •  Israel   •  Started  in  80s  targe7ng  technology  ventures   •  Small  popula6on:  7  million   •  63  companies  in  US  Stock  Market  (NASDAQ)  •  Boston  (Rt.  128)   •  Started  in  60s,  now  recognized  as  a  hub  for  biotech  innova7on   •  100+  colleges  and  universi7es  in  Greater  Boston  area   •  1970-­‐2010  VCs  have  invested  $50B+  in  ~3K  companies   Source:  hip://javiercuervo.com/?p=1354,  hip://bos7nno.com/2011/04/07/bostons-­‐colleges-­‐and-­‐universi7es-­‐map/,  hip:// engineered.typepad.com/thoughts_on_business_engi/2012/01/innova7on-­‐bostons-­‐route-­‐128-­‐vs-­‐san-­‐franciscos-­‐silicon-­‐valley.html    
  • 10. Startup  Chile  Case  [startupchile.org]  •  $40K  funding  no  strings  aiached  to  foreign  entrepreneurs  •  Relocate  to  Chile  for  6  months  to  help  boost  the  ecosystem  •  Sponsored  by  the  Chilean  Government  (CORFO)  •  Some  Facts:   •  Idea  proposed  by  Nicolás  Shea  in  2010   •  San7ago  City:  popula7on  5  million   •  1.600  applica7ons   •  70  countries   •  Important  par7cipa7on  of  US  entrepreneurs     •  500  entrepreneurs   •  220  foreign  startups  with  $8M  funding   •  Annual  Budget:  $15M/year   Source:  hip://javiercuervo.com/?p=1354,  hip://www.businessweek.com/ar7cles/2012-­‐04-­‐11/want-­‐more-­‐startups-­‐learn-­‐from-­‐chile  
  • 11. Recent  Na6onal  Ini6a6ves  •  Startup  America  [www.s.co]   •  White  House  ini7a7ve  launched  in  2011   •  Set  of  entrepreneur-­‐focused  policy  ini7a7ves   •  Complemented  by  Startup  America  Partnership:   •  Provide  valuable  resources  and  connec7ons  to  help  young   companies  grow   •  Support  regional  startup  ecosystems   •  $1B  value  to  support  startups:  exper7se,  services,  talent,  customers   and  capital.    •  Other  countries  with  similar  efforts  (privately  funded):   •  Startup  Britain  [www.startupbritain.org]   •  Startup  Spain  [startupspain.com]   Source:  hip://javiercuervo.com/?p=1354    
  • 12. 3                                         Our  proposal  for  Costa  Rica   Learning  and  Accelera6on!              
  • 13. Startup  Costa  Rica   •  A  similar  approach  to  Startup  Chile  and  now   Startup  Spain  could  help  boost  the   entrepreneurial  ecosystem  in  Costa  Rica.   •  Some  challenges  unique  to  Costa  Rica:   •  Resources  available  from  Government  or   Private  sector  won’t  be  enough  for  this  kind   of  effort   •  Size  of  the  market  and  popula7on  make  Costa   Rica  a  less  airac7ve  des7na7on   •  Hypothesis  to  address  challenges:   •  Combined  the  high  poten7al  talent  and  green   des7na7on  to  build  the  case  for  Costa  Rica   •  Target  this  effort  as  a  regional  ini7a7ve  based   in  Costa  Rica,  so  interna7onal  agencies  funds   can  be  requested  Source:  h*p://www.businessmodelalchemist.com/2011/11/make-­‐your-­‐business-­‐model-­‐clear-­‐with-­‐vivid-­‐thinking-­‐guest-­‐post-­‐by-­‐dan-­‐roam.html  
  • 14. Startup  Costa  Rica  –  Business  Model  •  Work  in  progress  –  Ongoing  inquiry  process  to  get  addi7onal  feedback  from   experts  in  different  areas  •  An  interes7ng  model  for  reference  is  Startup  Spain  (diagram  below)    •  The  business  model  will  be  based  on  two  pillars:  Learning  &  Accelera7on   Source:  hip://startupspain.com/accelerator/  
  • 15. Startup  Costa  Rica  Ideas  to  address  issues  …   Educational events will help to reinforce the entrepreneur’s network •  Leadership (non government) •  Institutions Central American Scope •  Regulatory Framework Policy   •  Incentives Startup Costa Rica (SCR) will become •  Early customers part of the leadership missing. •  Market Size / Focus [ Eventually SCR will try to influence changes in the other factors ] •  Entrepreneur’s network Markets   Finance   Diaspora network •  Ecosystem   Educational events will help Network required for Accelerator Domains     to improve perceptions and encourage the right behavior By  Daniel   Isenberg   •  Tolerance of Risks, Mistakes and Human   Failures Culture   Capital   •  Social Status of Entrepreneur Supports   •  Technical Experts, Advisors •  Entrepreneurship promotion (all NGO category) - Educational events are key to address these issues Accelerator Diaspora Network - Accelerator Initiative
  • 16. Startup  Costa  Rica  –  Main  Components   • Annual  Conference   • Startup  School   • Angel  School   • Hackathons  &  similar  events   Learning   • Meetups   • Workshops   • Support  Contest  Development   Some additional ideas: •  Promotion Agency for “Foreign Entrepreneurial Investment” (CINDE for Startups) •  Entrepreneurial Internships Abroad • Compe77on   • Diaspora  Network   • Co-­‐working  Spaces   • Demo  Day   Accelera7on   • Startup  Promo7on  Abroad   • Seed  investment   • Follow-­‐up  investment   • Growth  Support  
  • 17. a  development  opportunity  for  our  country  Thanks!  Startup Costa Rica
  • 18. Back  Up  Slides  
  • 19. Domains  of  the  Entrepreneurship  Ecosystem  
  • 20. Startup  Ecosystem  Ranking  –  April  2012   Source:  hip://blog.startupcompass.co/  

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