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By Reinhard Goebl (AALA)

By Reinhard Goebl (AALA)

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  • Product life cycle of an AAL Product/Service The AAL JP finances the R&D stage with a clear perspective to a business case (3 years time to market) – R&D / high risk / public money A foundation for seed money finances the development of a prototype – early stage / high risk / public & private money Venture capital finances the start up face (entering the market) – early stage / high to medium risk / private money Venture capital or bank credits finance the expansion on the market – late satge / medium to low risk / private money The investers sell their shares or reinvest in new products

Transcript

  • 1. AAL Investment FORUM Odense, 14.-15.9.2010 Reinhard Goebl AALA
  • 2. The context
    • AAL JP: 2-3 years to market
    • How many of research results are entering the market ?
    • The market entrance is decisive: innovation
    • Strong political background
    • The AAL area is quite heterogeneous incl. the market: mix of private and public elements; responsibility of regions
    • Market issues are crucial for realisation of AAL: investment !
    • To boost the AAL market: pilot „AAL JP Investment FORUM“ addressing this situation to boost AAL investments, to win investors (private and public), to show market opportunities, opportunities to investors articulate the regions needs, discuss regional cooperation models
  • 3. Format Investment FORUM
    • 1 day (lunch to lunch) before the AAL FORUM
    • 14.-15. September 2010, Odense
    • 50-100 attendants (?)
    • 3 elements:
    • Plenary ,
    • matchmakings as concrete as possible (dependent on echo)
    • - private concrete project level (investor, entrepreneur), coaching
    • - public:
    • check financing of concrete region‘s initiatives with investors incl. EIB
    • Topics : market: interests both private/public, structures
    • investor‘s, entrepreneur‘s, policy‘s, region‘s views
    • offers: EIB instruments
    • Cooperation with AAL Region‘s Group (regional aspects !)
  • 4. Wanted: Your feedback !!
    • We begin a pilot: networking ! Inform us on
    • investors being evtl. interested in AAL Investors platforms, associations (national or European/global), (name, e-mail, webpage, sector).
    • AAL entrepreneurs/projects/ideas ready to go in the market
    • Regional/national funding banks doing such (AAL) investments
    • Other stakeholders being interested in AAL investment
    • Work in progress : Your comments are welcome !
  • 5.
    • Thank you for your attention
  • 6. AALJP Seed Money Start up Financing Expansion Financing R&D Early Stage Late Stage Innovationszentrum SG Exit Product lifecycle of an AAL Product/Service with the stages of financing
  • 7.  
  • 8. AAL JP: 2-3 years to the market innovation aspects
    • National/regional/EU programmes for AAL: AAL: 2-3 years to market  Need for more innovation dynamics
    • Political backing: EU2020 strategy and the EC’s Digital Agenda: important role of innovation in Europe,
    • Private investors are not (or rarely) going in early stage investments.
    • Therefore boosting private by public AAL investments is a crucial factor for the advancement of AAL.
    • Public investments taking the lead in this phase create additional AAL market dynamics (including boosting private investments by matching public/private capital).
    •  Eur. Investment Bank in public AAL investments as an instrument (matched with other sources: private, regional, national
  • 9. Boosting AAL investments: AAL Investment FORUM
    • Goals of IF
    • boost AAL investments
    • visibility of the AAL market potential, initiatives and approaches in that field (incl. EIB), investor interests
    • matchmaking investors-entrepreneurs as concrete as possible, private and public level; coaching offer
  • 10. Target groups
    • Investors , both private and public
    • Entrepreneurs , both private and public, SMEs new/ex.
    • Regional/national institutions being involved in AAL, incubators, investment programmes, ..
    • Financing institutions, funds, venturers, …
    • public funding institutions
    • All type of stakeholders being interested in AAL innovation and investment
  • 11. IF: the format (1 day+night)
    • Plenary : presenting challenges of investing in AAL, private, public and mixed, regional aspects. Social programme
    • (Traditional) matchmaking offer for private AAL investors and entrepreneurs. Investments in new or expanding concrete ideas/-companies (SMEs !!)
    • Matchmaking offer for public investments eg. focussing on matching EIB offer/potential and regional/national initiatives on an as concrete as possible level.
    • A coaching offer in particular to AAL (? CIP, FP7 and regional/national) projects: substantial preparation to the matchmaking events itself. S upport the AAL start up entrepreneurs or SMEs in matters of business (business modelling, business planning, looking for finances, preparing presentations, etc.). Reduce the risks for the foundation (seed money) and the investors.
  • 12. Wanted: Your feedback !!
    • We begin a pilot: networking ! Inform us on
    • investors being evtl. interested in AAL Investors platforms, associations (national or European/global), (name, e-mail, webpage, sector).
    • AAL entrepreneurs/projects/ideas
    • Regional/national funding banks doing such investments
    • Other stakeholders being interested in AAL investment
    • Work in progress : Your comments are welcome !
  • 13. Communication
    • Comments, critique, indications: [email_address]
    • [email_address]
    • Thank you for your attention !
  • 14. List IFAB members
    • JuanCarlos Castrosin, AAL AB [email_address]
    • Urs Guggenbühl, member AAL Forum Committee, CH investment boards
    • [email_address]
    • Susanne Gren Svendson, South Denmark Region
    • tb completed;via;
    • [email_address]
    • Peter Wintlev-Jensen, EC [email_address]
    • Peter Saraga, AAL AB [email_address]
    • Rafael de Andrés Medina, AALA EB [email_address]
    • Claus Nielsen, Chair AAL FORUM [email_address]
    • Gerhard Finking, AALA, regions [email_address]
    • Alain Franco, AAL JP AB [email_address]
    • TBC: Harald Gruber, Representative of Eur. Investment Bank, [email_address]
    • Reinhard Goebl, chair IF, AALA [email_address]
  • 15. AAL JP: the context
    • The ageing challenge: need for several initiatives, complex setting: various socioeconomic levels, target groups, reg./nat. Technology+Services can contribute to many of relevant aspects.
    • ICT and Assistive Technologies: important role in this context.
    • The AAL market is still young, heterogeneous and a mix of private and public elements.
    • The involvement of regional AAL responsibilities is an important aspect of the AAL scene.
    • Ageing as an opportunity (not as a threat) incl. innovation+commercial aspects
  • 16.
    • Product life cycle of an AAL Product/Service
    • The AAL JP finances the R&D stage with a clear perspective to a business case (3 years time to market) – R&D / high risk / public money
    • A foundation for seed money finances the development of a prototype – early stage / high risk / public & private money
    • Venture capital finances the start up face (entering the market) – early stage / high to medium risk / private money
    • Venture capital or bank credits finance the expansion on the market – late stage / medium to low risk / private money
    • The investors sell their shares or reinvest in new products
  • 17. Conclusion     ####################################### Coffee break Private investors + entrepreneurs EIB+proposals: individual public AAL investment programmes   AAL Market: structures, barriers, potentials Speaker: Who pays for what to whom ?? Investment and benefits incl. Macroeconomic aspects: eg. why paying telemonitoring Dinner, Socials Diskussion Private investors + entrepreneurs EIB+proposals: individual public AAL investment programmes   Views from the top 'Mix private-public' panel discussion, Intro-statements 5' Speaker's Discussion with the auditorium ( Sponsor(s), Investor(s), public innovator (Hemmingsen/Henning), EIB)       Models of regional investment cooperations Coffee break Alt.: overview on proposals of biz ideas tb discussed: a) accepted b) tb further developed. Venture capital: innovation and risks. EIB: offers and instruments for public-private investments AAL markets: structures, profiles, trends Empirica (?) prof. consulter (?) E&Y case studies Coffee break Mikkel Hemmingsen: Regional interests Innovator: AAL success story, case study INVESTOR Opening keynote (who ??): Innovation and Investment in AAL. Private/public investor's view Early stage investments, expansion match public-private in AAL