TRANSATLANTIC COOPERATION      Toronto, Canada      February 25, 2011          Presented by:        Richard A. Bendis     ...
Darwin on Collaboration“ It is the long history of humankind (and animal kind, too)  those who learned to collaborate and ...
Canada’s Future is Determined By the Present
The Global Innovation Imperative•Innovation is Key to Growing and Maintaininga Country’s Competitive Position in the Globa...
How Leading Nations Responding to the Innovation Imperative?They are providing four things:•High-level Focus•Sustained Sup...
Innovation Economy: Definitions & Terminology• Knowledge is the confident  understanding of a subject, potentially  with t...
Why Is Innovation Essential?“INNOVATIONDISTINGUISHESBETWEEN A LEADERAND A FOLLOWER.”   -STEVE JOBS
Innovation EcosystemINPUT                              “INTERACTION FIELDS”                              OUTPUT           ...
The New Locational CompetitionDefinition: The competition for economic activityIntense and growing competition among natio...
Global Innovation Network
Global Open Innovation
Transatlantic Cooperation FP7Program for Research of theEuropean Community (FP7).•European Community’s maininstrument for ...
Transatlantic Cooperation FP7Program for Research of theEuropean Community (FP7).
Transatlantic Cooperation FP7 Examples
Leverage the Inherent Strengths of the Transatlantic                                          Innovation Economy.1. Reaffi...
Leverage the inherent strengths of the Transatlantic                                          Innovation Economy.6. Ensure...
Government’s Role in Innovation•   Long term vision and planning•   Identify gaps and trends in science,    technology, in...
The Importance of Trans-Atlantic Collaboration“No other internationaleconomic relationship comesclose in terms of profitab...
Nokia and Microsoft Partnership
Canada and US Cross Border Facts•300,000 travelers cross theCanada US Border Everyday•35,000 trucks cross the bordereveryd...
Canadian Based Digital Media Cross Border Collaborations
Internet Strategies for Tapping into Foreign Markets•Use localization in your onlinemarketing•Use local affiliate networks...
Key Difference Between Incubators and AcceleratorsIncubators - incubators allow forslower growth, although theytypically h...
Accelerators
European Seed Camp•Jumpstarts the entrepreneurialcommunity in Europe by connecting nextgeneration developers/entrepreneurs...
Startupbootcamp - Denmark•startupbootcamp is a Europeanstartup accelerator affiliated withTechstars•Startup cash €4,000 pe...
Incubators – Example:Soft Landing Innovation Center                Science Center           The Science Center is         ...
Science Center Global Soft Landing•Established in 2005•Focus on Asia and Europe•Country site visits: Greece, India,China, ...
Innovation Capital Valley of Death                     “VALLEY OF DEATH”           POR /Stage     Pre-Seed       Seed/Star...
BootstrappingThe term comes from theGerman legend of BaronMünchhausen pulling himselfout of the sea by pulling on hisown b...
Funding & Resources for Innovation Capital Seed    TBED    Federal   Angel   Entrepreneur                 PCP
What is An Innovation Intermediary?An Organization at the Center of the region’s, state’s or country’s efforts to align lo...
21st Century Innovation Intermediary                      Connectivity of                        Key Human &              ...
Innovation Intermediary Commercialization Structure    Investigation            Technical                  Market         ...
Global Innovation Intermediaries http://www.nrc-cnrc.gc.ca/index.html                                        http://europa...
European Innovation Intermediaries                                    http://www.innovasjonnorge.no http://www.cotec.pt   ...
Fraunhofer German Innovation Intermediary
Canadian Innovation Intermediaries
MaRs Canadian IntermediaryMaRs Goal:To build great companies. And a vibrant and diverse Canadianeconomy.•MaRS helps entrep...
U.S. State Innovation Programs
Northeast Ohio U.S. Regional EcosystemN
JumpStart Ohio•JumpStart EntrepreneurialNetwork:    •Intensive entrepreneurial    development assistance to    Northeast O...
Partners in International Innovationwww.nvca.org
Bill Gates - Microsoft“Never before inhistory has innovationoffered promise of somuch to so many inso short a time.”
innovationDAILY Get a FREE subscription to   Innovation America’sinnovationDAILY newsletter.       Subscribe to: www.innov...
Richard A. Bendis      President and CEO     Innovation America   2600 Centre Square West      1500 Market Street    Phila...
Innovation Across Borders - Session 7  richard bendis
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  • The concept of the innovation ecosystem stresses that the flow of technology and information among people, enterprises and institutions is key to a vibrant innovation process.
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  • Innovation Across Borders - Session 7 richard bendis

    1. 1. TRANSATLANTIC COOPERATION Toronto, Canada February 25, 2011 Presented by: Richard A. Bendis President and CEO Innovation America
    2. 2. Darwin on Collaboration“ It is the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed." -Charles Darwin
    3. 3. Canada’s Future is Determined By the Present
    4. 4. The Global Innovation Imperative•Innovation is Key to Growing and Maintaininga Country’s Competitive Position in the GlobalEconomy and to address Global Challenges•Collaboration among Small and LargeBusinesses, Universities, and ResearchInstitutes is Essential for Innovation–•New Institutions and New Incentives, areincreasingly important to support collaborationand foster innovation•Competitive advantages are increasingly tiedto human capital and innovation INNOVATION MATTERS•Economic growth is closely related toeducation/workforce, energy, climatechange, environmental, natural resource andgeopolitical issues
    5. 5. How Leading Nations Responding to the Innovation Imperative?They are providing four things:•High-level Focus•Sustained Support for R&D:Leveraging Public and Private Funds•Support for Innovative SMEs•New Innovation Partnerships to bringnew products and services to marketNote: Many countries are investing verysubstantial resources to create, attract andretain industries in leading sectors
    6. 6. Innovation Economy: Definitions & Terminology• Knowledge is the confident understanding of a subject, potentially with the ability to use it for a specific purpose• Knowledge economy is based on creating, evaluating, and trading knowledge• Innovation is the creation and transformation of knowledge into new products, processes, and services that meet market need…….and interactions, entertainment forms, and ways of communicating and collaborating
    7. 7. Why Is Innovation Essential?“INNOVATIONDISTINGUISHESBETWEEN A LEADERAND A FOLLOWER.” -STEVE JOBS
    8. 8. Innovation EcosystemINPUT “INTERACTION FIELDS” OUTPUT Education/ Human Jobs Proof of Relevance Wealth CreationKnowledge Resources Proof of Concept Wealth Creation Human Networks Creation Networks of Funds Basic New Products Regional Clusters & Services &Translational University-Industry Collaborations New Markets Research IP Strategies CompaniesThe concept of the innovation ecosystem stresses that the flow oftechnology and information among people, enterprises and institutions iskey to a vibrant innovation process.
    9. 9. The New Locational CompetitionDefinition: The competition for economic activityIntense and growing competition among nations and regions forwell paid jobs and improving living standards……….
    10. 10. Global Innovation Network
    11. 11. Global Open Innovation
    12. 12. Transatlantic Cooperation FP7Program for Research of theEuropean Community (FP7).•European Community’s maininstrument for funding R&D activities inEurope, reflecting all aspects of EUresearch policy•Timing 2007-2013•Budget: $53.2 billion Euros•Four Specific Programs: •Cooperation •People •Capacities •Ideas.
    13. 13. Transatlantic Cooperation FP7Program for Research of theEuropean Community (FP7).
    14. 14. Transatlantic Cooperation FP7 Examples
    15. 15. Leverage the Inherent Strengths of the Transatlantic Innovation Economy.1. Reaffirm open investment policies and eliminate restrictions on foreign direct investment2. Drive collaboration between and among American and European universities, research institutions, and the private sector.3. Facilitate R&D investment through public- private partnerships and long-term incentives.4. Fund pre-competitive scientific research and make it more readily available for commercialization.5. Prevent the erosion of intellectual property rights (IPR) and ensure their consistent and effective enforcement.
    16. 16. Leverage the inherent strengths of the Transatlantic Innovation Economy.6. Ensure that competition laws enhance efficiency and consumer welfare without restricting the commercial exploitation of IPR.7. Promote the use of international standards and, where necessary, performance- based technology regulations.8. Secure reliable and undistorted access to raw materials and encourage their efficient use.9. Promote national deployment and maintenance of robust information technology (IT) infrastructure and allow access to innovative technologies.10. Assess the implications of government policies on the process of innovation and share lessons learned with third countries.
    17. 17. Government’s Role in Innovation• Long term vision and planning• Identify gaps and trends in science, technology, innovation and SME development• Be a catalyst through long-term strategic investments and partnering• Develop a balanced and flexible research and development investment portfolio• Encourage private sector innovation• Establish performance-based research and development• Accelerate the commercial exploitation of creativity and knowledge, through innovation and research, to create wealth, grow the economy, build successful businesses and improve quality of life
    18. 18. The Importance of Trans-Atlantic Collaboration“No other internationaleconomic relationship comesclose in terms of profitabilityor as a driver of innovation,research and development.I see no reason why weshould settle for less in the Maroš Šefčovic21st century.” EU Vice President and Commissioner
    19. 19. Nokia and Microsoft Partnership
    20. 20. Canada and US Cross Border Facts•300,000 travelers cross theCanada US Border Everyday•35,000 trucks cross the bordereveryday•$1.6 Billion of trade everyday
    21. 21. Canadian Based Digital Media Cross Border Collaborations
    22. 22. Internet Strategies for Tapping into Foreign Markets•Use localization in your onlinemarketing•Use local affiliate networks•Use local social media•Use the web to find localfreelance expertiseSource: Christian Arno, who is the founder and Managing Director of global translation services and localization agency Lingo24.
    23. 23. Key Difference Between Incubators and AcceleratorsIncubators - incubators allow forslower growth, although theytypically have some requirements asto how long companies can remainin the incubators before theygraduate.Accelerators - as their nameimplies, focus on an intense, boot-camp-like experience to get newbusinesses up and running in amatter of months.
    24. 24. Accelerators
    25. 25. European Seed Camp•Jumpstarts the entrepreneurialcommunity in Europe by connecting nextgeneration developers/entrepreneurs witha top-tier network of over 400 mentors•Seedcamp Week - Intensive week-longevent held in London every Septemberand is targeted at young entrepreneurs•Micro seed fund to invest in startupcompanies €50.000 for 8-10% equity•Funded companies are hosted in Londonfor 3 months to grow and develop theircompany
    26. 26. Startupbootcamp - Denmark•startupbootcamp is a Europeanstartup accelerator affiliated withTechstars•Startup cash €4,000 per teammember in micro capital.•Access to our 75+ mentors – serialentrepreneurs and experts•10 teams joining for 3 months ofacceleration until Investor Day.
    27. 27. Incubators – Example:Soft Landing Innovation Center Science Center The Science Center is an attractive “soft landing” place for international companies to launch their US businesses and a powerful economic engine for the regional economy.
    28. 28. Science Center Global Soft Landing•Established in 2005•Focus on Asia and Europe•Country site visits: Greece, India,China, Malaysia, Italy, South Korea,Germany, Ukraine, Turkey, Spain, andmore…..over 75 site visits•Relationships with JETRO (Japan),Rhone/Alps Region (France) & BelgiumTrade Office (Wallonia Foreign Trade &Investment), Spain, UK and Germany•Project funded by U.S. Department ofCommerce - EDA•$2.5M project for construction andfacility programs•10,000 sq. ft. of wet laboratory andoffices
    29. 29. Innovation Capital Valley of Death “VALLEY OF DEATH” POR /Stage Pre-Seed Seed/Start-Up Early Later Founders, FFF Angel Groups, IBED, SBIR Venture Funds Bootstrapping M&A, IPOSource Crowdfunding Accelerators Seed Funds, $0K $500K $2.5M $5.0MDemandSupply “VALLEY OF DEATH” Secondary Funding Funding Gap Gap
    30. 30. BootstrappingThe term comes from theGerman legend of BaronMünchhausen pulling himselfout of the sea by pulling on hisown bootstraps.Definition: “The act of starting a businesswith little or no external funding”
    31. 31. Funding & Resources for Innovation Capital Seed TBED Federal Angel Entrepreneur PCP
    32. 32. What is An Innovation Intermediary?An Organization at the Center of the region’s, state’s or country’s efforts to align local technologies, assets and resources to work together on advancing Innovation.
    33. 33. 21st Century Innovation Intermediary Connectivity of Key Human & Institutional Players Cluster ManagementLeverage&Align Researchment of Funding & &Marketingof Resources the Strengths of the Innovation Economy Programs Commercialization Direct Investment Angel Capital SBIR Programs Technology Mining / Intellectual Property Programs
    34. 34. Innovation Intermediary Commercialization Structure Investigation Technical Market BusinessProof of Concept Technology Concept Market Needs Venture Assessment Analysis AssessmentDevelopment PhaseFeasibility Technology Feasibility Market Study Economic FeasibilityPlanning Engineering Prototype Strategic Marketing Strategic Business PlanIntroduction Pre-Production Market Validation Business Start-Up PrototypeCommercial PhaseFull Scale Production Production Sales and Distribution Business GrowthMaturity Production Support Market Diversification Business Maturity
    35. 35. Global Innovation Intermediaries http://www.nrc-cnrc.gc.ca/index.html http://europa.eu/index_en.htmwww.startupamericapartnership.org/ www.innovationamerica.us
    36. 36. European Innovation Intermediaries http://www.innovasjonnorge.no http://www.cotec.pt http://www.vinnova.se http://www.tekes.fihttp://techsoutheast.ca/index.php http://www.senternovem.nl
    37. 37. Fraunhofer German Innovation Intermediary
    38. 38. Canadian Innovation Intermediaries
    39. 39. MaRs Canadian IntermediaryMaRs Goal:To build great companies. And a vibrant and diverse Canadianeconomy.•MaRS helps entrepreneurs bring new and innovative ideas to themarketplace.•MaRs offers a comprehensive range of business services. And experiencedadvisors guide our clients every step of the way.•MaRS works with entrepreneurs in a range of sectors, including: •Advanced materials and engineering •Cleantech •Information technology, •Communications •Entertainment •Life sciences and health care •Social innovation
    40. 40. U.S. State Innovation Programs
    41. 41. Northeast Ohio U.S. Regional EcosystemN
    42. 42. JumpStart Ohio•JumpStart EntrepreneurialNetwork: •Intensive entrepreneurial development assistance to Northeast Ohio entrepreneurs leading high potential, early- stage companies by delivering:•Venture Partners andEntrepreneurs-in-Residenceprograms through incubators.•JumpStart Ventures: •Seed Capital Fund•Jumpstart Inclusion Advisors •High impact minority and women-owned businesses
    43. 43. Partners in International Innovationwww.nvca.org
    44. 44. Bill Gates - Microsoft“Never before inhistory has innovationoffered promise of somuch to so many inso short a time.”
    45. 45. innovationDAILY Get a FREE subscription to Innovation America’sinnovationDAILY newsletter. Subscribe to: www.innovationamerica.us
    46. 46. Richard A. Bendis President and CEO Innovation America 2600 Centre Square West 1500 Market Street Philadelphia, PA 19102 (215) 496-8102 rbendis@bendisig.com www.innovationamerica.uswww.innovationamerica.us/daily

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