Building Global Innovators - 4th edition

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Building Global Innovators - 4th edition

  1. 1. Building Global innovators© A unique Global Innovation & Entrepreneurship initiative Gonçalo Amorim Program Director MIT Portugal – Innovation & Entrepreneurship Initiative ISCTE-IUL Business School © ISCTE-IUL, 2012 – All rights reservedCopyright 2009-2013 2009-2010Audax Center forISCTE-IULEntrepreneurshipISCTE-IUL 1 1
  2. 2. Building Global Innovators® Venture Competition What is it? • An innovation & entrepreneurship, tech-based Venture competition For whom? Teams with a dream: • Would-be Entrepreneurs • Innovators (Start-up / Spin-out under 5y and <2,5M€)Copyright 2009-2013ISCTE-IUL 9
  3. 3. In a nutshell: • International tech-based venture competition • Held once a year, 4th ed. launched March14th • 4 Market-application tracks: 1. Health-tech 2. Smart cities 3. IT, Web & Mobile 4. Consumer Products and ServicesCopyright 2009-2013 2009-2010ISCTE-IULAudax Center forEntrepreneurshipISCTE-IUL 10
  4. 4. Building Global innovators© Our results thus far: • 80% of semi-finalists have launched start-ups following e-teams I crash course • Semi-finalists secured financing over €15M (60% from venture capital) • 100+ highly qualified jobs created • Economic leverage: over 8x (1)Copyright 2009-2013 2009-2010Audax Center forISCTE-IULEntrepreneurshipISCTE-IUL 1) Ratio of funds raised by semi-finalists of 2 editions 3 4 divided by total initiative cost in same 2 years.
  5. 5. Building Global innovators© Our ultimate Goals: • Identifying and accelerating seed/early stage tech-based ventures with global value propositions • Facilitate scaling up of our semifinalists via series A Venture financing & connecting global Innovators to global Investors • Encourage international collaboration & reinforce the innovation ecosystemCopyright 2009-2013 2009-2010Audax Center forISCTE-IULEntrepreneurshipISCTE-IUL 4 5
  6. 6. BGI Alumni Cos:Copyright 2009-2013ISCTE-IUL 23
  7. 7. 4rd edition (open): key dates March 15th Submission period opens May 14th Deadline for projects submission July 2nd 20 Semi-finalists announcement July 23-26th e-teams Crash Course I November 13th Track Finals event November 14-15th e-teams Crash Course II 27th February 2014 Grand Finale event Spring 2014 e-teams III (@MIT)Copyright 2009-2013ISCTE-IUL 6
  8. 8. What are we looking for in our candidates? Strong & clear Value Propositions: some hints* 1. Team: members and fit? 2. How big is the problem you are trying to solve? 3. What is the underlying technology and uniqueness? 4. What makes your product / or service innovative (€)? 5. Market: Is there an opportunity for global impact? 6. Strong business models and customer acquisition strategies/traction * - Please see Rules & Regulations and FAQs available on www.mitportugal-iei.org for detailed information.Copyright 2009-2013ISCTE-IUL 8 11
  9. 9. Building Global innovators© Up to €1 million in financial support per editionCopyright 2009-2013ISCTE-IUL
  10. 10. Building Global innovators© Up to €1 million in financial support per editionCopyright 2009-2013 2009-2010Audax Center forISCTE-IULEntrepreneurshipISCTE-IUL 4 10
  11. 11. Want more information? In Portugal: Gonçalo Amorim Program Director, MPP-IEI goncalo.amorim@iscte.pt In the USA: Luis Barros, lbarros@mit.edu Program Director at MIT, MPP-IEICopyright 2009-2013ISCTE-IUL 26

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