Using Clusters to Facilitate Innovation & Entrepreneurship within communities.
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Using Clusters to Facilitate Innovation & Entrepreneurship within communities.

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This is what Will and I came up with post "Next Top Startup" as an extension of f3fundit, we saw a huge need in the market for an innovation / entrepreneurship facilitator, and started shopping this ...

This is what Will and I came up with post "Next Top Startup" as an extension of f3fundit, we saw a huge need in the market for an innovation / entrepreneurship facilitator, and started shopping this around.

We had one month in which we tried to raise the 30k euro, but in the end it just wasn't enough time and the project went to the dogs, along with f3fundit with it. Shame, was a good one.

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Using Clusters to Facilitate Innovation & Entrepreneurship within communities. Using Clusters to Facilitate Innovation & Entrepreneurship within communities. Presentation Transcript

  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! innovation clusters built for entrepreneurs by
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. !   where entrepreneurs and investors help each other succeedThe Mission:To become a globally recognized, valuable resource for comment, bestpractice, finance, talent and ideas.*To build a professional community of entrepreneurs, investors,companies, institutions and talent that is both virtual and physical. Our marketplace will benefit this community, enabling greaterconnectivity through deal flow, talent management, knowledgeexchange & technology transfer.The community will develop via location, segment and value basedclusters, designed & operated by f3fundit, promoted and developed bytheir owners, ambassadors & subscribers.*f3fundit is already ranked in the top 10,000 websites in Spain (Alexa) and viewed in over 100 countries.
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. !Why do it?!a few simple and convincing reasons:•  Improve the success rate for new ventures•  Provide a capable support network for the intrepid entrepreneur•  Crowd-sourced intelligence applied to scalable ventures•  Mobilize talent & empower ideas•  Current platforms show demand but lack access or service*•  Theres too much quantity and not enough quality information, disbursed.•  No centralized resource for entrepreneurship•  Social networks, groups, listings, job boards are poor & inefficient resources•  Local, biased initiatives do not achieve sufficient scale or penetration•  The innovation & entrepreneurship community is global•  Proof of concept in the U.S. with Y-Combinator, and copies.•  f3fundit has achieved 4x growth in traffic in 3 months*E Unlimited has 20,000+ users, EO Network is exclusive, Seed competitions are costly for start-ups
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. !Competitive landscapeFinance and connectivity is what identifies an entrepreneurship community. f3fundit seeks to bring in all players in the entrepreneurial spectrum in order to maximize value to all users / participants. 
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! Cluster concept *long term development pipeline•  f3fundit acts as the glue connecting all relevant parties in the global entrepreneurship landscape via centralized location based and industry clusters•  Each cluster is managed by and branded according to sponsor for maximum impact and value
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! Cluster interconnectivity•  Clusters are interconnected via their members and interests –  The user is limited to 5 clusters, resulting in relevant network building and hindering dilution.
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. !•  Marketplace The marketplace is a cluster specific area designed to foster idea growth, talent search and innovation.•  Idea exchange – taking an idea and developing it, not with a colleague or two, but with a global crowd-sourced brain – maximum exposure – maximum effect – maximum innovation.•  Talent – from idea to team, oftentimes great ideas are sidelined because the entrepreneur lacks the access to that talent which can make the idea into a success – navigating the pool of top individuals with similar interests makes finding that partner – advisor – director – all the easier.•  Intelligent solutions – a refined idea, and a team to lead it to success yet there s something missing, a problem or a roadblock, intelligent solutions provide the community with that same crowd-sourced brain to ratify those problems and find solutions to them.•  Venture Success Navigator – in the long term, we will develop a multi-metric project valuation technology that will identity weaknesses in early stage business models & provide feedback and recommendations.
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. !Cluster ownershipMore than just a sponsorCluster ownership entails active participationand management of the owned cluster.Participation is …•  Fostering engagement and active marketing to one s community in order to facilitate innovation and entrepreneurial activity•  Collaborating with other owners in setting cluster strategy and developing cohesion•  Identifying possible ambassador(s)•  Providing sources of information & interest•  Governing content management and responsible usage
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! The incentive & credit system How do you engage a community? By providing a reward structure. Users need to have something to vie for, this being visibility, those who actively engage will be offered points that rank them on an ongoing & trending basis.In order for the community to populate clusters with relevant and valid informationthere is a pay to play system where certain actions will require credits, and otheractions will generate credits for the user.These credits can be either earned trough participation or purchased.Typical activities requiring credits are introductions / solicitations, job posts,venture success navigator use and similar.
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! How are we going to scale? •  Build the community around clusters •  Target sponsors with access to a large network(s). •  Strategic partnerships with corporates, service providers, investors, institutions, and other interest groups •  Engage ambassadors to promote activities •  Hand over the Next Top Startup events •  Keep content fresh and current •  Build on current contact database •  Design and build a marketable product (profit centre)* Ultimately, the aim is to have a measurable global impact in terms of success, innovation and increased connectivity.*Venture Success Navigator
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! platform targets (1yr) Top 1,000 websites in Spain 20,000+ page views per month Top 50,000 worldwide 2,000+ registered subscribers 3 to 4 Next Top Startup events
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! What are the benefits?•  one stop platform for both the accelerator & marketplace•  ownership & control over platform•  direct brand association with the initiative•  engagement tool to a progressive global community•  real time intelligence for talent, staff, and alumni•  valuable opportunity to partner / collaborate with growth companies, investors, corporates & other institutions•  fantastic resource for knowledge and innovation
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. ! What is it going to take?TIMING: •  1 month for business plan sign off •  1 month to approve IT architecture & functionality •  3 months to procure, develop & test platform •  Soft launch to club members + existing users •  Full launch to wider alumni community •  International promotion via f3fundit & Next Top StartupCOST: •  Capital and operating costs for next 12 months - €150 to 200kREVENUE: •  Keystone sponsors •  Subscribers (2 tiers: reduced price to entrepreneurs & talent) •  Further sponsorship & advertising •  Virtual goodsLONG TERM OUTLOON: •  Spinoff into independent product 2011? •  Sign up new cluster owners following post Beta launch
  • THIS DOCUMENT IS PRIVATE AND CONFIDENTIAL AND MAY NOT BE DISTRIBUTED WITHOUT THE PRIOR CONSENT OF PLAIN WHITE PAPER, LTD. !In what seems like no time f3funsit has evolved from a blog to afunctioning Beta community with over 120 members. The portal is nowin the top 10,000 websites in Spain, top 250,000 worldwide. We havesecured the collaboration of biz Barcelona, Barcelona Chamber ofCommerce, CEO-CF, Maroon Analytics, Day of the Entrepreneur,Creapolis and various active members of the entrepreneur andinvestor community.Breaking the mold, Next Top Startup Barcelona put its finalists throughtheir paces and presented 10 exciting new ventures from eightcountries to an international audience. A first for Spain, and Cataluña.