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Global Trends on Innovation and
Entrepreneurism - Silicon Valley
Perspective
Canice Wu
January 2015
Trends in Innovation & Entrepreneurism
• Culture of taking risks
• Rise of the incubators & accelerators
• Functionality i...
Culture of Taking Risks
Why is Silicon Valley special?
The high-tech hub of the
world
– 400,000+ high-tech workers
– Largest cluster of technology
companies worldwide
– Highest ...
Culture of Taking Risks
What do they have in common?
Rise of the Incubators &
Accelerators
Incubator & Eco-system For
Startup Success
Entrepreneu
r
Mentorship
Investment & Corporate Partners
Investor Partners Corporate Partners
Functionality is not Enough
Functional but…
Need for Chief Design Officer
Design Matters
Make it Cool
Crowd Sourced Design
• Crowd Sourced
• Collaborative Design
• Rapid prototyping
Multi-national Startups
India
Russia
Japan
Silicon Valley
Europe
China
STARTUPS IN THE WORLD
Global Smartphone Subscriber: 1.5 billion, 31%
growth, 21% penetration in 2013E
Source: Informa. Data as of May 2013. * Ja...
Startups Evolution
Concept
• Develop
concept
• Initial pilot
• 3 mo.
Initial Markets
• Penetrate
initial
markets
• Proof
a...
Start up Success Story
WeVideo is an online video production platform designed to enable users to
collaboratively produce,...
Zong is the leading mobile payment service used by online gaming and social
networking sites, such as Facebook, Gaia Onlin...
Every Business is Digital
Is Your Industry Digital?
Retail Hospitality Restaurant Media
Transportation Financial Services Consumer Goods Utilities
L...
Caterpillar is Digital
Digital Commonality
Ubiquitous
Access
• Mobile, local,
social
• Smart
hardware,
sensors,
network
Open Markets
• Borderless...
“The essential part of creativity is not being afraid to fail.”
-- Edwin H. Land
What do you see?
2015 創新創業高峰論壇 Global Trends on Innovation & Entrepreneurism Silicon Valley Perspective
2015 創新創業高峰論壇 Global Trends on Innovation & Entrepreneurism Silicon Valley Perspective
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2015 創新創業高峰論壇 Global Trends on Innovation & Entrepreneurism Silicon Valley Perspective

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講者簡介:
Canice Wu / Plug and Play Tech Center 總裁

He has over 20 years of experience in developing and scaling successful businesses from concept to market leader. He transformed Plug and Play into a leading high tech business accelerator working with over 300 startups and a network of over 180 VC’s and 300 corporations. Canice has a BS and MS in Computer Science from MIT, and an MBA from University of California at Berkeley.

影音實錄:http://goo.gl/cf2Cdt

Published in: Government & Nonprofit
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2015 創新創業高峰論壇 Global Trends on Innovation & Entrepreneurism Silicon Valley Perspective

  1. 1. Global Trends on Innovation and Entrepreneurism - Silicon Valley Perspective Canice Wu January 2015
  2. 2. Trends in Innovation & Entrepreneurism • Culture of taking risks • Rise of the incubators & accelerators • Functionality is not enough • Multi-national startups • Every business is digital
  3. 3. Culture of Taking Risks
  4. 4. Why is Silicon Valley special?
  5. 5. The high-tech hub of the world – 400,000+ high-tech workers – Largest cluster of technology companies worldwide – Highest concentration of venture capital funding (~40 % of US) – World-class academic / R&D resources through Stanford, UCB, UCSF, UCSC, UCD, Lawrence Livermore Labs, NASA Ames Silicon Valley Advantage
  6. 6. Culture of Taking Risks
  7. 7. What do they have in common?
  8. 8. Rise of the Incubators & Accelerators
  9. 9. Incubator & Eco-system For Startup Success Entrepreneu r
  10. 10. Mentorship
  11. 11. Investment & Corporate Partners Investor Partners Corporate Partners
  12. 12. Functionality is not Enough
  13. 13. Functional but…
  14. 14. Need for Chief Design Officer
  15. 15. Design Matters
  16. 16. Make it Cool
  17. 17. Crowd Sourced Design • Crowd Sourced • Collaborative Design • Rapid prototyping
  18. 18. Multi-national Startups
  19. 19. India Russia Japan Silicon Valley Europe China STARTUPS IN THE WORLD
  20. 20. Global Smartphone Subscriber: 1.5 billion, 31% growth, 21% penetration in 2013E Source: Informa. Data as of May 2013. * Japan data per Morgan Stanley Research estimate.
  21. 21. Startups Evolution Concept • Develop concept • Initial pilot • 3 mo. Initial Markets • Penetrate initial markets • Proof adoption • 6-12 mo. Expansion • Develop technical team at “home” • Develop business globally • Silicon Valley as gateway • After 1st yr.
  22. 22. Start up Success Story WeVideo is an online video production platform designed to enable users to collaboratively produce, share and store user-generated videos Creaza founded in Norway, originally a video editing tool aimed at the education market Creaza enters the PnP International Accelerator, sponsored by Innovation Norway Creaza wins Plug and Play EXPO; decides to remain at Plug and Play and hire PnP Exec in Residence Tom Rice to build US go-to market strategy June 2011April 2011 Sept 2011 May 2012 Raises $19.1 million from Crest Capital Ventures Fall 2011 Partners with YouTube Apr 2012 WeVideo partners with Disney to promote The Avengers Movie and pitches at SXSW Partnership with Sony a result of PnP Ventures introduction in Nov. 2011 January 2013Oct 2011 Creaza changes name to WeVideo to reflect collaborative nature of the technology, goes after general consumer market
  23. 23. Zong is the leading mobile payment service used by online gaming and social networking sites, such as Facebook, Gaia Online, IMVU and Playdom. Raised $15 million Series A from Matrix Partners. Referred by Plug & Play Early 2010 April 2010 July 2011 Acquired by ebay for $240 million. Spins off from Echovox July 2005 Start up Success Story Nov 2000 Parent company founded in Switzerland Feb 2007 Echovox raised $5 million Series A from Newbury Ventures Echovox raised $7.5 million Series B from Advent Venture Partners Aug 2009 Facebook credits purchasable by mobile phone through Zong Launched first open mobile platform in US. Setup in Plug & Play Tech Center Feb 2008
  24. 24. Every Business is Digital
  25. 25. Is Your Industry Digital? Retail Hospitality Restaurant Media Transportation Financial Services Consumer Goods Utilities Law Enforcement Automotive Aircraft Heavy Machinery Construction
  26. 26. Caterpillar is Digital
  27. 27. Digital Commonality Ubiquitous Access • Mobile, local, social • Smart hardware, sensors, network Open Markets • Borderless competition • Open access & pricing • Customer rating & reviews Information Intensive • Segmentation & customer loyalty • Crowd enablement • Product effectiveness & utilization
  28. 28. “The essential part of creativity is not being afraid to fail.” -- Edwin H. Land
  29. 29. What do you see?

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