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Thinking Differently:
Informatics, Disruption and Entrepreneurship
Andrew Mitchell 27/10/2010 The WS Society
andrew.mitche...
Disruption
VCs and Super Angels seek at least 10X RoI.
For this they need companies that disrupt industries and markets.
D...
Disruptive Innovation:
Enabling a larger population of less-skilled people to do things usually
performed by specialists; ...
Informatics:- the study of how natural and artificial systems
store, process and communicate information; a new
enlightenm...
Informatics: commercial applications
Informatics: commercial applications
Scale – Largest Computer Science research centre in Europe
More World Leading and Internationally Excellent Research than ...
726 students registered for this
session including 333 students
from 60 countries outside the UK
People’s Republic
of Chin...
Canada - 1Australia - 2 Chile - 1
Argentina - 1
Colombia - 1People’s Republic
of China - 7
Croatia - 1 Denmark - 1 France ...
So what!
Excellence in research and inventiveness of Scots
Yet no company of scale in informatics space
But! It’s changing.
University of Edinburgh:
Record-breaking 40 spinouts and startups in 2009/10
16 of which are from the ...
Company creation progress:
10 year Targets - close to being hit within 4 years 2006-2010:
Spin Outs: 9 employees: 26 FTE
S...
Entrepreneurship Education as a Contact Sport
Over 60 events and workshops Sep 2008 to Oct 2010.
Informatics Ventures has ...
techmeetup.co.uk
EDI / ABZ / GLA
Global
Entrepreneurship
Team
Engage
Invest
Exploit
girlgeekscotland.co.uk
Residential wor...
Entrepreneurs in Residence: for entrepreneurs by entrepreneurs
Ian Ritchie
Derek Gray
Crawford Beveridge
Gerry Docherty
Ma...
Annual Investor Conference: Engage Invest Exploit
75 companies have ‘exhibited’ across EIE ‘08, ‘09 and ‘10.
£11 million e...
The opportunity we recognise (EIE’10 Informatics Forum, 12th
May 2010)
"Scotland is number one in the world for research i...
Can Scotland Disrupt?
Andrew Mitchell 27/10/2010 The WS Society
andrew.mitchell@ed.ac.uk 07793111386 @roomitchell
Andrew Mitchell
Informatics Ventures
http://www.informatics-ventures.com/
mobile: +44(0)7793111386
e-mail: andrew.mitchell...
Thinking Differently: Informatics, Disruption and Entrepreneurship
Thinking Differently: Informatics, Disruption and Entrepreneurship
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Thinking Differently: Informatics, Disruption and Entrepreneurship

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Presentation to The Society of Writers to Her Majesty\'s Signet. 27th October 2010

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  1. 1. Thinking Differently: Informatics, Disruption and Entrepreneurship Andrew Mitchell 27/10/2010 The WS Society andrew.mitchell@ed.ac.uk 07793111386 @roomitchell
  2. 2. Disruption VCs and Super Angels seek at least 10X RoI. For this they need companies that disrupt industries and markets. Disruptive Innovation Informatics in Edinburgh Scots inventiveness & the elusive software Co of Scale
  3. 3. Disruptive Innovation: Enabling a larger population of less-skilled people to do things usually performed by specialists; and do this quicker, faster and cheaper.
  4. 4. Informatics:- the study of how natural and artificial systems store, process and communicate information; a new enlightenment in scholarship and learning, central to the future of science, technology and society (CS, AI, CogSci). In the age of information, computing technology is changing the ways we work and play. Informatics is changing the way we think. Life as a model for compuation, computation as a model for life. Informatics: thinking differently
  5. 5. Informatics: commercial applications
  6. 6. Informatics: commercial applications
  7. 7. Scale – Largest Computer Science research centre in Europe More World Leading and Internationally Excellent Research than any other UK university (44% more than nearest competitor) 10% of all UK, World Leading research in 1 centre 470+ Academic and Research Staff >250+ current PhD’s 160+ Masters level students ~190 1st year undergraduates ~100 Informatics BSc’s graduating each year Excellence – Leads the UK in world leading research Largest grouping of 4*, 69% more “World Leading” research than # 2 Rated ‘Excellent’ in SHEFC Quality Assessment for teaching #1 in Guardian survey 2010 for teaching Informatics in Edinburgh
  8. 8. 726 students registered for this session including 333 students from 60 countries outside the UK People’s Republic of China - 39 Greece - 35 India - 30 USA - 29Germany - 29 Italy - 16 Poland - 16 France - 11 Bulgaria - 9 Republic of Ireland - 8 Mexico - 7 Pakistan - 6 Spain - 6 Netherlands - 5 Thailand - 5 Canada - 4 Lithuania - 4Colombia - 3 Malaysia - 4Luxembourg - 4 Nigeria - 3 Portugal - 3 Taiwan - 3Cyprus - 3 Japan - 3Austria - 3 Malta - 3 Belarus - 2 Estonia - 2 Romania - 2Denmark - 2 Israel - 2 Republic of Korea - 2 Singapore - 2 South Africa - 2 Sweden - 2 UK - 393 Czech Republic - 1 Finland - 1Belgium - 1Albania - 1 Australia - 1 Bahamas - 1 Bahrain - 1 Bangladesh - 1 Brazil - 1 Jordan - 1 Latvia - 1Indonesia - 1 Islamic Republic of Iran - 1 Lebanon - 1 Macedonia - 1 Mauritius - 1 New Zealand - 1 Sri Lanka - 1 Ukraine - 1 Venezuela - 1Russia - 1 Slovenia - 1 Turkey - 1 Uzbekistan - 1 342 Undergraduates 384 Postgraduate
  9. 9. Canada - 1Australia - 2 Chile - 1 Argentina - 1 Colombia - 1People’s Republic of China - 7 Croatia - 1 Denmark - 1 France - 3 Germany - 16 Greece - 5 Hong Kong - 1 India - 6 Republic of Ireland - 1 Italy - 3 Japan - 1 Jordan - 1 Mauritius - 1 Netherlands - 3 Poland - 3 Portugal - 1 Romania - 1 Russia - 5 Slovenia - 1 Spain - 2 Sri Lanka - 1 Sweden - 2 Taiwan - 2 Ukraine - 1 USA - 23 UK - 201 Taught by the brightest and best from all over the world
  10. 10. So what! Excellence in research and inventiveness of Scots Yet no company of scale in informatics space
  11. 11. But! It’s changing. University of Edinburgh: Record-breaking 40 spinouts and startups in 2009/10 16 of which are from the School of Informatics. 33 School of Informatics spinouts/startups since 2006
  12. 12. Company creation progress: 10 year Targets - close to being hit within 4 years 2006-2010: Spin Outs: 9 employees: 26 FTE Start Ups: 24 employees: 56 FTE Total: 33 employees: 82 FTE Products developed 83 Spin out funding: £1.437M Revenue: £1.035M Start Up funding: £3.165M Revenue: £0.884M Total Funding: £4.602M Revenue: £1.919M
  13. 13. Entrepreneurship Education as a Contact Sport Over 60 events and workshops Sep 2008 to Oct 2010. Informatics Ventures has delivered 23,700 hours of executive entrepreneurship education to 853 participants from 547 companies. 6,000 focused interactions with 150 investors & serial entre’
  14. 14. techmeetup.co.uk EDI / ABZ / GLA Global Entrepreneurship Team Engage Invest Exploit girlgeekscotland.co.uk Residential workshops demoFEST Research Knowledge Exchange Vendor Support For Startups e.g. Microsoft BizSpark Sip / Selection of things Informatics Ventures organise or support:
  15. 15. Entrepreneurs in Residence: for entrepreneurs by entrepreneurs Ian Ritchie Derek Gray Crawford Beveridge Gerry Docherty Martin Ritchie David Simpson Colin Adams David Milne
  16. 16. Annual Investor Conference: Engage Invest Exploit 75 companies have ‘exhibited’ across EIE ‘08, ‘09 and ‘10. £11 million equity finance raised by these companies 16 companies pitched – raised £4 million £2 million worth of deals directly attributed to intros at EIE
  17. 17. The opportunity we recognise (EIE’10 Informatics Forum, 12th May 2010) "Scotland is number one in the world for research impact per GDP. What do we do with the knowledge... we have a golden egg and we are ignoring it.” Professor Anne Glover Chief Scientific Advisor for Scotland “And you have an opportunity (to build the ecosystem) in Edinburgh, there’s no question in my mind that is true. It’s a combination of having the academic excellence, having the local finance, having the entrepreneurs and having a global view of building business” Anne M Glover Co-founder and Chief Executive Amadeus Capital Partners
  18. 18. Can Scotland Disrupt? Andrew Mitchell 27/10/2010 The WS Society andrew.mitchell@ed.ac.uk 07793111386 @roomitchell
  19. 19. Andrew Mitchell Informatics Ventures http://www.informatics-ventures.com/ mobile: +44(0)7793111386 e-mail: andrew.mitchell@ed.ac.uk twitter: http://twitter.com/roomitchell/
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