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Entrepreneurship Ecosystems - Keynote Liverpool

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Proprietary content of Peter Vogel: www.petervogel.org …

Proprietary content of Peter Vogel: www.petervogel.org

1) Introduction to Entrepreneurship Ecosystems
2) Global Entrepreneurship Ecosystem Project: www.entrepreneurshipecosystems.org
3) Swiss Startup Monitor: www.startupmonitor.ch
4) The Evolution & overview of the Swiss MedTech Ecosystem
5) Assessing Entrepreneurship Ecosystems
6) Starting an Entrepreneurship Ecosystem

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  • 1. Building and Assessing Entrepreneurship Ecosystems Dr. Peter Vogel info@petervogel.org www.petervogel.org © Dr. Peter Vogel (www.petervogel.org)
  • 2. 2 Entrepreneurship Ecosystems Source: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org) It all started at the World Entrepreneurship Forum…
  • 3. Outline §  Introduction to Entrepreneurship Ecosystems §  Global Entrepreneurship Ecosystem Project §  Swiss Startup Monitor §  The Evolution & overview of the Swiss MedTech Ecosystem §  Assessing Entrepreneurship Ecosystems §  Starting an Entrepreneurship Ecosystem © Dr. Peter Vogel (www.petervogel.org)
  • 4. Ecosystems © Dr. Peter Vogel (www.petervogel.org)
  • 5. 5 Entrepreneurship Ecosystems we know… Campus Regional National © Dr. Peter Vogel (www.petervogel.org)
  • 6. 6 A dynamic, interactive community within a geographic region, composed of varied and inter-dependent actors (e.g. entrepreneurs, institutions and organizations) and factors (e.g. markets, regulatory framework, support setting, entrepreneurial culture), which evolves over time and whose actors and factors coexist and interact to promote new venture creation. Everything starts with a definition... Entrepreneurship Ecosystems © Dr. Peter Vogel (www.petervogel.org)
  • 7. Outline §  Introduction to Entrepreneurship Ecosystems §  Global Entrepreneurship Ecosystem Project §  Swiss Startup Monitor §  The Evolution & overview of the SwissMedTech Ecosystem §  Assessing Entrepreneurship Ecosystems §  Starting an Entrepreneurship Ecosystem © Dr. Peter Vogel (www.petervogel.org)
  • 8. 8 Source: Vogel, 2013 Categorize 200k-300k organizations evaluate & map ecosystems Global Entrepreneurship Ecosystem Project (2010 -) © Dr. Peter Vogel (www.petervogel.org)
  • 9. 9 www.EntrepreneurShipEcosystems.org Symbolic map © Dr. Peter Vogel (www.petervogel.org) We’re looking for more sponsors and partners for this project! Global Entrepreneurship Ecosystem Project (2010 -)
  • 10. Outline §  Introduction to Entrepreneurship Ecosystems §  Global Entrepreneurship Ecosystem Project §  Swiss Startup Monitor §  The Evolution & overview of the Swiss MedTech Ecosystem §  Assessing Entrepreneurship Ecosystems §  Starting an Entrepreneurship Ecosystem
  • 11. 11 Swiss Startup Monitor Start-­‐ups   Universi/es   CTI   Cantons   Banks  &  Analysts   Tech-­‐transfer  Centers   Tech  Parks   Public  &  Press   Investors   Founda/ons   Research  Labs   Swiss  Start-­‐up   Monitor   © Dr. Peter Vogel (www.petervogel.org)
  • 12. 12 Swiss Startup Monitor © Dr. Peter Vogel (www.petervogel.org) §  Profile §  Public Profile §  Community Profile §  Awards §  Groups §  Financing History §  Founders & Team Development §  Revenue Development §  Operational Dashboard §  CashFlow §  Liquidity in/out §  Key Facts §  Budget §  Reports §  Monthly Reports §  Executive Summaries §  Knowledge Exchange §  File and template exchange database §  Jobs §  Job Offerings §  Benchmarking §  Role-Admin Startup Functionalities
  • 13. 13 Swiss Startup Monitor © Dr. Peter Vogel (www.petervogel.org) Stakeholder Functionalities §  Profile §  General Information §  Offering §  Contact §  Links & Dates §  Application Deadlines §  Deal Flow §  Add / Remove Deal §  List Overview §  Filtering (Sector, Tag, Status, Responsibility, Targets, …) §  Export to Excel §  Analytics §  Key Facts of Deals §  Revenue & raised capital §  Jobs §  Map Overview of Deals §  Dev. Number of Jobs (by year) §  Dev. Number of Power (by year) §  Start-up Status §  Active / Passive §  M&A §  Start-up Ranking §  Employee Growth Rate §  Revenue Growth Rate §  Social Media Ranking
  • 14. 14 Swiss Startup Monitor © Dr. Peter Vogel (www.petervogel.org) Stakeholder Functionalities
  • 15. 15 Swiss Startup Monitor © Dr. Peter Vogel (www.petervogel.org) We are now expanding our software solution to other countries and regions around the world
  • 16. Outline §  Introduction to Entrepreneurship Ecosystems §  Global Entrepreneurship Ecosystem Project §  Swiss Startup Monitor §  The Evolution & overview of the Swiss MedTech Ecosystem §  Assessing Entrepreneurship Ecosystems §  Starting an Entrepreneurship Ecosystem
  • 17. 17 Education Source: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org)
  • 18. 18 MedTech & Medical Education in Switzerland §  Med Schools 50 km © Dr. Peter Vogel (www.petervogel.org)
  • 19. 19 MedTech & Medical Education in Switzerland §  University Hospitals 50 km © Dr. Peter Vogel (www.petervogel.org)
  • 20. 20 MedTech & Medical Education in Switzerland §  MedTech Education Programs 50 km © Dr. Peter Vogel (www.petervogel.org)
  • 21. 21 Culture Source: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org)
  • 22. 22 Entrepreneurial Culture in Switzerland Sources: Global Entrepreneurship Monitor – Google Data Explorer §  Intention to Start Business in next 3 years (% of population: age 18-64) © Dr. Peter Vogel (www.petervogel.org)
  • 23. 23 Entrepreneurial Culture in Switzerland Sources: Global Entrepreneurship Monitor – Google Data Explorer §  Entrepreneurship as desirable career (% of population: age 18-64) © Dr. Peter Vogel (www.petervogel.org)
  • 24. 24 Entrepreneurial Culture in Switzerland Sources: Global Entrepreneurship Monitor – Google Data Explorer §  Fear of Failure (% of population: age 18-64) Level of agreement to the statement: “Fear of failure would keep me from founding a company”. © Dr. Peter Vogel (www.petervogel.org)
  • 25. 25 Support Source: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org)
  • 26. 26 Institutions Supporting Swiss Medical Technology © Dr. Peter Vogel (www.petervogel.org)
  • 27. 27 MedTech Clusters in Switzerland Source Map: SMTI Report, 2012 © Dr. Peter Vogel (www.petervogel.org)
  • 28. §  Help in developing business plans §  Tax exemption §  Allowances for R&D §  Contributions for investments and technological training §  Setting-up of financial and business partnerships §  Work and residence permits §  Search for premises, terrains and technological parks §  Contacts with financial and VC institutions §  Access to networks §  Help for negotiations with the state §  Support in export activities 28 Cantonal Business Support in Switzerland © Dr. Peter Vogel (www.petervogel.org)
  • 29. 29 CTI - Entrepreneurial Support in Switzerland §  Commission for Technology and Innovation §  Mandate: Improve the innovative strength of Switzerland Ø market-oriented R&D projects Ø foundation and development of start-ups Ø knowledge and technology transfer Source CTI Basic research Applied research Product development Market SNSF Turns money into knowledge CTI Turns knowledge into money © Dr. Peter Vogel (www.petervogel.org)
  • 30. §  Technology Parks Switzerland 30 Entrepreneurial Support in Switzerland Sources: Swissparks.ch © Dr. Peter Vogel (www.petervogel.org)
  • 31. §  Technology Transfer 31 Entrepreneurial Support in Switzerland University Tech Transfer Office Website EPFL EPFL TTO www.sri.epfl.ch ETHZ ETH Transfer www.transfer.ethz.ch Uni Lugano Ticinotransfer www.ticinotransfer.ch Uni Basel Unitectra www.unitectra.ch Uni Bern Unitectra www.unitectra.ch Uni Fribourg TT Fribourg www.tt-fr.ch Uni Geneva unitec www.unige.ch/unitec Uni Lausanne pactt www.pactt.ch Uni Neuchâtel TT Neuchatel www.unine.ch Uni Zurich Unitectra www.unitectra.ch © Dr. Peter Vogel (www.petervogel.org)
  • 32. 32 Visibility Source: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org)
  • 33. 33 Entrepreneurial Visibility in Switzerland © Dr. Peter Vogel (www.petervogel.org)
  • 34. §  CTI MedTech Event Ø 27th August Ø First event: 2003 (178 participants) Ø Last year’s event (>600 participants) §  World MedTech Forum Lucerne Ø 17th-19th September 34 MedTech Visibility in Switzerland © Dr. Peter Vogel (www.petervogel.org)
  • 35. 35 Networks Source: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org)
  • 36. 36 Entrepreneurial Networks in Switzerland © Dr. Peter Vogel (www.petervogel.org)
  • 37. 37 MedTech & Medical Networks in Switzerland §  MedTech Companies 50 km © Dr. Peter Vogel (www.petervogel.org)
  • 38. 38 Financing © Dr. Peter Vogel (www.petervogel.org)
  • 39. 39 Entrepreneurial Financing in Switzerland Sources: Innogrant EPFL © Dr. Peter Vogel (www.petervogel.org)
  • 40. Outline §  Introduction to Entrepreneurship Ecosystems §  Global Entrepreneurship Ecosystem Project §  Swiss Startup Monitor §  The Evolution & overview of the Swiss MedTech Ecosystem §  Assessing Entrepreneurship Ecosystems §  Starting an Entrepreneurship Ecosystem
  • 41. 41 Factors and Actors © Dr. Peter Vogel (www.petervogel.org)
  • 42. 42 Factors and Actors © Dr. Peter Vogel (www.petervogel.org)
  • 43. 43 Ecosystem Index ORGANIZATIONAL PERFORMANCE ORGANIZATION CULTURE INDEX PERSONAL WEALTH INDEX WORK- & LIFE SATISFACTION INDEX POLICY INDEX MARKET INDEX LOCATION INDEX JOB CREATION INDEX INFRASTRUCTURE INDEX VISIBILITY INDEX SUPPORT INDEX NETWORK INDEX TALENT INDEX FUNDING INDEX EDUCATION INDEX INNOVATION INDEX NEW VENTURE INDEX INDIVIDUAL COMMUNITY Sources: Vogel, 2013 © Dr. Peter Vogel (www.petervogel.org)
  • 44. 44 Scientific Approaches for Assessment §  Primary Data §  Historical data (archival) of cities and regions §  Understand key competencies of region (manufacturing, education, healthcare,..) §  Assess strategy of region (high-tech, tourism, manufacturing, …) §  Map, classify and analyze supporting organizations §  Performance Measures §  Quantity of support for each of the identified pillars §  Quality of the support (e.g., via external raters and 1:1 interviews) §  Hard-facts (e.g., # participants, # projects funded, survival rates, jobs created, etc) §  Match between the regional USP and the pattern of ecosystem dimensions © Dr. Peter Vogel (www.petervogel.org)
  • 45. 45 Scientific Approaches for Assessment §  Secondary Data (some examples…) §  National statistics offices §  GEM §  GEDI §  Chambers of commerce §  Companies Registrars §  World Bank Doing Business Report §  Heritage Freedom Index §  Methodological Approaches §  Spiderweb charts §  Benchmarking / ranking based on overall indices §  Qualitative Comparative Analysis (QCA) for equifinality comparison © Dr. Peter Vogel (www.petervogel.org)
  • 46. Outline §  Introduction to Entrepreneurship Ecosystems §  Global Entrepreneurship Ecosystem Project §  Swiss Startup Monitor §  The Evolution & overview of the Swiss MedTech Ecosystem §  Assessing Entrepreneurship Ecosystems §  Starting an Entrepreneurship Ecosystem © Dr. Peter Vogel (www.petervogel.org)
  • 47. 47 How to Start an Ecosystem? The formation of an ecosystem is a positive, reinforcing loop: Success Stories Importance of the location Area attractive to talents Innovation © Dr. Peter Vogel (www.petervogel.org)
  • 48. 48 How to Start an Ecosystem? Swiss MedTech §  Long tradition of watchmaking, machine industry and pharma §  Expert knowledge in: Ø  Micro- and nanotechnology Ø  Precision mechanics and electro-mechanics Ø  Material sciences and surface treatment §  Unique combination of biotechnology and medical engineering © Dr. Peter Vogel (www.petervogel.org)
  • 49. 49 How to Start an Ecosystem? MedTech Ecosystem Mexico © Dr. Peter Vogel (www.petervogel.org) I worked with the government of Nuevo Leon on: (1)  Assessing the local USPs (2)  Benchmarking the region with other MedTech regions (3)  Derive strategic directions for a MedTech ecosystem
  • 50. 50 How to Start an Ecosystem? KAUST King Abdullah Bin Abdulaziz Al Saud: “It is my desire that this new University becomes one of the world's great institutions of research... The University shall have all the resources that it needs to pursue these goals…” - 2009 10 bn USD initial endowment © Dr. Peter Vogel (www.petervogel.org)
  • 51. 51 The Liverpool City Region §  1.5m people §  38’000 VAT registered companies. However, still a large deficit compared to national average §  Survival rates are comparable to national average à General startup conditions seem OK §  Self-employment rate (10.1%) still lower than nat. average (13.5%), but catching up §  Above-average proportion of people with lower levels of education à customize programs! §  Above-average levels of youth unemployment (& NEET) © Dr. Peter Vogel (www.petervogel.org) Business start-up rates Sources: LCR Evidence Report Occupational structure16-18y NEETs
  • 52. 52 The Liverpool City Region Industrial Assessment §  Above-average labor productivity in manufacturing, construction, transport and storage, information & communication, financial activities, among others. §  Strong reputation in creative and digital industries §  Strong growth in specific sectors (e.g., health) © Dr. Peter Vogel (www.petervogel.org) Overrepresented sectors in the LCR Business enterprises by sector Sources: LCR Evidence Report
  • 53. 53 The Liverpool City Region §  Strategic Goals of the Liverpool City Region (LCR) §  Strengthen the economy through the formation of a unified LCR §  Increasing the level of education and skills among the younger population in LCR §  Increasing the density of businesses in the LCR §  Building an entrepreneurial culture in the LCR §  Building off the great livability of the LCR to attract entrepreneurial talents to the region §  Extend on the excellent infrastructure and connectivity (via airport, train and boat) §  Create 60’000 new jobs until 2020s by focusing on Life Sciences, Advanced Manufacturing, Creative and Digital Industries, and Financial- and Professional Services §  Attract FDI for major projects such as the Liverpool Bio Innovation Center © Dr. Peter Vogel (www.petervogel.org)
  • 54. 54 When Building an Entrepreneurial Ecosystem, consider… §  Each ecosystem is unique §  USP first! What are core competencies & goals? §  Holistic implementation §  Multi-stakeholder approach §  Self-employment ≠ Entrepreneurship §  Coordination and supervision §  Bureaucracy blocks innovation à facilitate, don’t regulate! © Dr. Peter Vogel (www.petervogel.org)
  • 55. 55 A Call to Action… §  Governments §  Promote the power of entrepreneurship as engine of economic growth §  Remove the stigma of failure §  Create networking opportunities §  Create alternative funding opportunities and startup-friendly (1) taxation & (2) labor laws §  Entrepreneurs §  Share stories (both success and failure) §  Help the next generation of entrepreneurs §  Incumbent Firms §  Sponsor incubators and accelerators, build corporate VC practices §  Collaborate with universities for long-term strategic M&A goals §  Recognize the contributions and success of entrepreneurs © Dr. Peter Vogel (www.petervogel.org)
  • 56. Dr. Peter Vogel University of St. Gallen Switzerland Mail info@petervogel.org Twitter: @pevogel Web http://www.petervogel.org Thank you for your attention. “The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” (George B. Shaw, 1856-1950) © Dr. Peter Vogel (www.petervogel.org)

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