Entrepreneurs Change The World! , presentation from Alan Barrell , from Cambridge University

1. ““Entrepreneurs Change TheEntrepreneurs Change The
World!”World!”
Emprendedor XXIEmprendedor XXI
Madrid Launchpad 2009Madrid Launchpad 2009
Professor Alan Barrell – Entrepreneur inProfessor Alan Barrell – Entrepreneur in
Residence – Cambridge University Centre forResidence – Cambridge University Centre for
Entrepreneurial LearningEntrepreneurial Learning

2. A Preview
 Eye on The WorldThe World and the Financial CrisisFinancial Crisis
 Heroes – Large and Smaller
 Are EntrepreneursEntrepreneurs Different ?
 Being an EntrepreneurEntrepreneur
 And then there is Technology – Wow !Technology – Wow !
 The InternationalInternational Dimension
 Networks, Networks, Networks !Networks, Networks, Networks !
 Show Me the Money $$!the Money $$!
 MessagesMessages forfor MissionariesMissionaries

3. Casting an Eye on the World’s
Financial Crisis – What’s changed ?

4. Who said these words and When
“I believe the banking institutions are more
dangerous to our liberties than standing
armies. If the American people ever allow
private banks to control the issue of their
currency, first by inflation, then by deflation,
the banks and corporations that will grow up
around the banks will deprive the people of all
property until their children wake up homeless
on the continent their fathers conquered”

5. Who said these words and When
“I believe the banking institutions are more
dangerous to our liberties than standing
armies. If the American people ever allow
private banks to control the issue of their
currency, first by inflation, then by deflation,
the banks and corporations that will grow up
around the banks will deprive the people of all
property until their children wake up homeless
on the continent their fathers conquered”
Thomas Jefferson 1778

6. And what about these…
“The budget should be balanced, the Treasury
should be replenished, Public debt should be
reduced, the arrogance of officialdom should
be tempered and controlled, and the
assistance to foreign lands should be
curtailed, lest our Nation become bankrupt.
People must again learn to work, instead of
living on public assistance”

7. And what about these…
“The budget should be balanced, the Treasury
should be replenished, Public debt should be
reduced, the arrogance of officialdom should
be tempered and controlled, and the
assistance to foreign lands should be
curtailed, lest our Nation become bankrupt.
People must again learn to work, instead of
living on public assistance”
Marcus Cicero 55 BC

8. Situations are what WE make them !....
It was the bestbest of times, it was the worstworst of times….
It was the age of wisdom,wisdom, it was the age of foolishnessfoolishness..
It was the epoch of belief,belief, it was the epoch of incredulityincredulity
It was the season of Light,Light, it was the season of
DarknessDarkness
It was the spring of hopehope, it was the winter of despairdespair….
We had everythingeverything before us, we had nothingnothing before us
We were all going direct to heavendirect to heaven, we were all going
direct to “the other place”“the other place”
Charles Dickens – “A Tale of two Cities” 1859

9. Global Financial Crisis - How did one survive….
before affluence became commonplace?....

10. But - think BoomBoom ….not Gloom….
many successful businesses startedstarted in
recessions….
“I started the Cobra Beer Company in a deep
Recession – and it proved to be the best time
for me….introducing something innovative
and exciting changed the way people thought
about Indian Food and Beer”
Lord Karan Bilimoria
Founder – Cobra Beer

11. Timing can be everything….
Is the time right to make the Entrepreneurial
move?....
““There is nothing more powerful thanThere is nothing more powerful than
an Idea whose time has come……”an Idea whose time has come……”
Jules Verne

12. This strange looking team also started in a
recession….but got their timing right

13. And in 30 years, became a powerful engine
of Growth, Change and Innovation – their
ideas changed the World….
Microsoft Corporation, 1978

14. But the eye on the World shows lotslots of
changes….its not just the finances….

15. The Changing Horizon
Environment
Issues
The death of
deference
New employment
patterns
Organisations
Globalisation
Technology

17. Changes in Industrial Structure - UK
% of Total Employment - UK Government Foresight Report
0
10
20
30
40
50
60
70
80
90
100
1971 1981 1991 2001 2011
Manufacturing
All Services

18. Changes in Industrial Structure - Europe
% of Total Employment
0
10
20
30
40
50
60
70
80
90
100
1971 1981 1991 2001 2011
Manufacturing
All Services

19. Global Dynamics – Manufacturing has
Migrated
 Two fifths of the Worlds people
live in the two fastest growing
large economies – China and
India
 Education, Wealth Creation and
New Knowledge are at the heart of
Economic Planning in Asia
 Growth in Asia is far ahead of
Europe.
 Dynamic Growth in Manufacturing
Base
 CASH is in place in the Asian
economies – as well as
brainpower- China has US$ 2
Trillions of reserves
 Labour and Material cost
advantages +++++

20. Sources of
Competitiveness
Creativity Risk
Speed Reputation
Cost Values
Learning Information

21. Wherever Competition comes from….things
can change fast – Today’s Peacock can be
Tomorrow’s Feather Duster !

22. And then there is Technology - Impact of the
Continuous Technology Revolution
Compared to an average DAY in 2003….
All international phone calls1971
All airline passengers1975
All mobile phones1984
All emails1992
All SMS1998
Source: Analysys, World Bank and ITU

23. And Technologies are working together
-Three Pervasive and ConvergingConverging Technology
Platforms
BIO TECH
Pharmaceuticals
Diagnostics
Research/Info
Tools
Industrial
Genomics
Bioinformatics
Proteomics
INFO TECH
Hardware
Software
Communications
NANO TECH
Electrical
Structural
Biomedical
Energy & Environment
Biosensors
BiochipsBioelectronics
Microfluidics
Nanobiotechnology
Drug Delivery
Nanodevices
Nanosensors
Nanoelectronics

24. What about those HEROES ?HEROES ? Where
shall we begin?

25. A Spanish Business Angel….
Who helped our Hero Christopher

28. An Imaginitive Hero….

29. Einstein on IMAGINATION….
“Imagination is more important than
knowledge. Knowledge is limited.
Imagination encircles the world”
Albert Einstein 1879 - 1955

31. Pericles – “First Citizen of Athens” – Soldier,
Thinker, Leader, “Culture, Beauty, Glory”

32. Aristotle – Plato – “Before their time –
Thinkers, Philosophers, Leaders”

33. Confucius and “imagining the
middle way”….

34. Francisco Pizarro

35. Pedro de Valdivia - founding of Santiago de Chile

36. Mr Tan Kah
Kee
Hero of
Xiamen
University

37. ““To get rich isTo get rich is
GLORIOUS”GLORIOUS”
Deng Xiaoping 1982
A more recent Chinese Hero

38. A REAL Hero….he changed the
WORLD ! From a prison cell

39. A Hero’s Home for 18 Years….Could
WE have survived it ?

40. Heroes can show Humility
“Be the
Change you
want to see in
the World”
Mahatma
Ghandi

43. Innovators can be Heroes
unexpectedly….
Who gave us the Worldwide Web – The
Internet ? It was as recently as 1992….
An Idea that became a Reality and
changed the World….changed the World….
WhyWhy did he make his Innovation?.....

45. “You look at things
and ask - why?
but I dream of
things that never
were and ask -
George Bernard Shaw
why not?”
So - thinking of Imagination….What’s
different about EntrepreneursEntrepreneurs ?

46. Europe’s Entrepreneurial Imperitive –
Josef Schumpeter - 1911
“Entrepreneurs blow gales
of creative destruction.”
Role of the entrepreneur in transforming economies by
developing:
• New products
• New methods of production
• New ways of organizing
• Untapped raw materials
• Enhanced competitive performance
Being an Entrepreneur meansBeing an Entrepreneur means
being different and bringingbeing different and bringing changechange

47. The drivers for change….Socio-
Political….Entrepreneurial Influence ??....
(Prof Shai Vyakarnam – Cambridge 2008)
Berlin Wall
Hasselhof China
India Migrations
Within and into
Europe
Single
Economic system
Completely new markets
Is there a shift in
economic centre of
gravity?

48. More examples….Entrepreneurship
and People / Society
Making a united Europe a reality
Transforming lives of
the poor
Democratising
knowledge –
“Education
Without Borders”
– “Liberate
Minds”
Creating
breakthrough
technology
enterprises

49. Familiar Face….

50. As a younger man - Charles Darwin – “Natural
Selection Adaptability and Survival” Darwin’s
Bicentenary this year. A “Naturalist Entrepreneur”

51. Darwin’s Theories -Natural Selection,
Adaptation, Symbiosis Synergy and Service
Delivery
What works for
meat ants and
leaf hoppers
Can be true
for
Companies
and
Business
Models?

54. Proximity of Learning, Research and
Practical Application
“The Innovation Campus”
R&D Education
Applications
Where open innovation new ideas and new
companies can thrivethrive

55. Can we complete the Jig Saw - by
putting technology to work
Technology
Customer
need
Innovative
service
company

56. Completing the Jigsaw – Service
Delivery Innovation Business Model
Technology
Customer
need
Innovative
service
company
Creating a Business
Opportunity by finding and
alleviating a pain –
developing innovative
services or designs –
Entrepreneurs at work!

58. Technology and Service Companies and Synergy –
Open Innovation and the “Innovation Campus”
HEALTH
KNOWLEDGE
CREATION
INFORMATION and
COMMUNICATIONS
TECHNOLOGY
Basic Research
Sound &
vision
Bio-pharmaceuticals
Computing
Publishing
Medical
services
Bio-informatics
Medical devices and
scientific instruments
University/ Research Institutes
Inkjet printing
Wireless
Telecoms
Networking
Technology ConsultingMedical
research
Education

59. Entrepreneurial Overlap – “Joined Up Thinking and
Actions” – Coherence and Common Purpose in
Communities
EDUCATION
&
RESEARCH
including Universities
INDUSTRY
&
BUSINESS
GOVERNMENT
National & Local

60. Funding Innovative Companies – “Show me
the Money $$$$!”
Maturity
Risk
“Our Money”“Our Money”
Family and Friends and FoolsFamily and Friends and Fools
Business AngelsBusiness Angels
Early Stage VCEarly Stage VC
Expansion CapitalExpansion Capital
B
A
N
K
F
I
N
A
N
C
E
??
Seed FundsSeed Funds
Pre-IPOPre-IPO
And there
are Grants
and Tax
Credits

61. “How do we get to the money ? Where is
the $$$$ trail ?” Connecting and Information
Points and Principles
 Networks and Networking – importance +++++
 Business Schools and Entrepreneurship Centres Region
wide and cross border
 Other Entrepreneurs / Support and Mentoring Structures
 Online Channels – numerous eg…. www.funded.com
 “Network Nodes” – Individual referrals
 Cross Border contacts
 Attitudes and Culture
 France and it’s Wealth Tax….Thank you M. Sarkosy !
 Is our presentation material aimed at the investors ?the investors ?
 Have we studied the investors criteria ?investors criteria ?

62. Show me the MONEY! – So maybe we can we findShow me the MONEY! – So maybe we can we find
investors hanging out here?....investors hanging out here?....

63. The Early Stage Business Balance – what do
investors look for? In ANY innovative
company ? – Entrepreneurs take note….
And they like to see experienced Chairman and
Directors - Mentors for Innovative Companies
Inspired
Leadership
Enthusiasm
Bullshit
Courage
OptimismVision
Creativity
Management
Research &
Analysis
Caution
Process
Financial Control
Market
Knowledge

65. Best Wishes to
allall EmprendedorsEmprendedors
in Spain from
your friends in
Cambridge !

66. WELCOME – to All
who will attend!
11th Year 2009

68. MessagesMessages for Missionaries andMissionaries and
EmprendedorsEmprendedors
IMAGINE AND HAVE VISION
CREATE
INNOVATE
INVENT
“WORLDTHINK” – GLOBAL VIEW
ACQUIRE KNOWLEDGE
PLAN AND PRACTICE
NETWORK! NETWORK!
INSPIRE OTHERS
TRUST AND RESPECT
ENJOY!

69. InIn Pursuit of Excellence !of Excellence !
“Excellence can be achieved, if we:
Care more than others think is wise,
Risk more than others think is safe,
Dream more than others think is practical,
Expect more than others think is possible.”
Deborah Johnson-Ross
Maybe Entrepreneurs think this way?....Innovative Service
Companies need to if they are to Excel….

70. Thank you for your attention….
More on my website –
www.alanbarrell.com
E-mail – alan@alanbarrell.com