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Overall sting presentation 101103

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Our main presentation about the business incubator STING (Stockholm Innovation & Growth) We hope it gets you a good overview.

Our main presentation about the business incubator STING (Stockholm Innovation & Growth) We hope it gets you a good overview.

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  • 1. World class business development support
  • 2. VISION MISSIONSupport the building of new global Actively support the formation andgrowth companies by attracting the best growth of 12 new technology exportinnovators and entrepreneurs offering entrepreneurs, companies in Stockholm each year year.them world class business developmentsupport and networks.ORGANIZATION LOCATIONA non profit company owned by the non-profit company, 3l locations: Ki t S i ti Kista Science Cit City,Electrum Foundation; a collaboration KTH Valhallavägen in Stockholm andbetween industry, research and the Karolinska Science Park, FlemingsbergCity of Stockholm. Our main partnersare Innovationsbron and KTH.
  • 3. The STING team .By offering support within business development, financing and networking, we want to create the right conditions for startups to conquer the world.
  • 4. The STING process Business Incubator Screening Startup of projects Business Lab Business Accelerator Go Global 1-3 months 6 months 12-18 months Financing Public financing Inhouse channels Follow-on venture system capital investors Almi, Innovationsbron, Vinnova, Swedish Energy Agency
  • 5. STING´s value creation Incubator program running from 6-24 STING unique Toolkit months – Business development Extensive support from business coach – Team development (1/2 – 1 day per week) – Product development & IP issues – Close relationship between a company and its – Sales & Marketing strategy main business coach – Branding and PR – Handpicked business coaches with solid – Internationalization backgrounds as executives in technology – Industrialisation of products companies/venture capital industry. – Etc. – Focus on milestone plan and pace Attracting optimal financing (”soft” Attracting talented people “STING Search for Talents” and ”hard”) Network Office and infrastructure Go Global perspective Business Financing development Speed
  • 6. STING´s value creation Individual coaching based on milestoneplan and unique set of tools for specific situationsMilestone Jan Feb March April May June July August Sept OctTeam development Are we in the same boat?Business plan The Journey: Revison of total businessplanIPR How to protect the businessSelling g Base Camp: Selling awarness Sales trainingRecruitment Search for talentsProduct development Industrialisation planFinancing Financing strategy and plan How to sell to investorsInternationalisation Go Global Go Global Go Global Ready R d Steady St d GO!
  • 7. In-house recruitment service to build a winningteam. STING Companies receive support right p pp gtrough the entire recruitment process: PROCESS MANAGEMENT SEARCH SELECTION HIRING
  • 8. STING´s own funding sources Invests 50 - 400 000 Euro/company Focus: pre product and pre customer High risk and high return p g g possibilities Normally the first external investor Both private investors and public organizations 30 carefully selected business angels, all with entrepreneurial background Contribute both capital and extensive experience Usually investing together, 2-6 persons, and 20 000 – 100 000 Euro each
  • 9. Requirements Verified, high-priority customer needs/issues thatcan be solved by the innovation A large and growing international market Business id b B i idea based on an i d innovation with obvious ti ith b ivalue for the customer Good possibility to package the innovation into ascalable product p Strong entrepreneurial team or willingness todevelop an excellent team. Selection process Verified, high-priority customer Evaluates 150 200 projects per year mainly within 150-200 year, needs/issues that can be solved byICT, Internet/media, medtech and cleantech the innovation! Only 8 percent of screened projects are acceptedeach year y Extensive evaluation process; technical duediligence, references from customers and assessmentof the team Strictly confidential
  • 10. Selected STING stories Online video-based advertising system, g y , customer in sevenThin film solar cells. 20 employees. The countries and offices inonly solar cell production in Sweden. Sweden, Paris and London. LondonNano replication. 80 employees, Optimizing raw-material consumption. Inproduction plant in France and 22 MEuro one year gone from 0 to 15 employees.VC capital attracted. attracted German power giant RWE co-owner. co ownerInfrared detectors, annual turnover over USB key for quick, easy and secure login.SEK 30 million, 20 employees and Serves approximately 5 000 customers inworld-leader in its f field. 70 countries. countries
  • 11. Accumulated public vs private financing (MSEK)MSEK Public Financing Private Financing
  • 12. Number of STING companies and employee growth Number of admitted companies Number of employees in active companies
  • 13. Overall portfolio developmentNo. companies
  • 14. Accumulated turnover in active companies (MSEK)
  • 15. Admitted companies by industry
  • 16. Incubator companies’ origin
  • 17. Key figures
  • 18. STING´s own funding sources (until dec 2009)
  • 19. Main partners p Resource Providers Industry partners Industry partners Research partners Research partners Entrepreneurial partners p p Location partner
  • 20. STING is closely linked to theRoyal Institute of Technology y gyInspiration            Verification           Tech transfer        Incubation  Expansion KTH INNOVATION Stimulate Educate Start-Up Scout S t Business ideas Lab Business Verify Accelerator Ideas Commerszalisation C li ti KTH is an indirect owner of STING and an investor in STING Capital I KTH has outsourced its incubation function to STING KTH Innovation, the Tech transfer office of KTH, provides STING with high quality deal flow Innovation KTH STING has access to office space and lab facilities at the KTH Campus STING is well connected among researchers at KTH providing important cutting edge knowledge STING has a close relationship with later stage investor KTH Chalmers Capital STING is partner in a number of “research centers of excellence at KTH research excellence”
  • 21. ContactPär Hedberg, CEO and Business Coach ICT Raoul Stubbe, Business coach ICTMobile: +46 708 55 03 18 Mobile: +46 706 55 27 74par.hedberg@stockholminnovation.com raoul.stubbe@stockholminnovation.comMagnus Rehn, Business Coach Cleantech Maria Nilsson, Coach Recruitment,Mobile: +46 705 12 05 48, Marketing & PR Network Manager STINGmagnus.rehn@stockholminnovation.com Business Angels Mobile: +46 708 36 22 31 46Olof Berglund, Business Coach Medtech maria.nilsson@stockholminnovation.comMobile: +46 706 35 98 15olof.berglund@stockholminnovation.com Jessica Stark, Marketing and Communications ManagerUlf Brandels, Business Coach Internet/media Mobile: 46 M bil +46 703 33 32 43Mobile: +46 706 56 19 87 jessica.stark@stockholminnovation.comulf.brandels@stockholminnovation.com Martin Gemvik, Investment Manager &Ivar Strömberg, Business Coach ICT/Medtech Strömberg Partner STING CapitalMobile: +46 701 81 10 11 Mobile: +46 705 78 95 62ivar.stromberg@stockholminnovation.com martin.gemvik@stingcapital.com www.stockholminnovation.com