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Class 2 digital ecosystems and ecosystem actors

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Digital Ecosystem actors

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Class 2 digital ecosystems and ecosystem actors

  1. 1. Mestrado Integrado em Engenharia e Gestão Industrial Digital Ecosystems and Ecosystem Actors DIGITAL BUSINESS ECOSYSTEMS 2015-16 António Grilo Aneesh Zutshi
  2. 2. 2 Startup Ecosystem Actors Accelerators StartupIncubators Co- Workspaces Universities Training Providers Angel Investors Venture Capital Funds Research Centres Online Platforms - Talent - Funding Pre- accelerators Events, Meetups
  3. 3. 3 Universities Pre-accelerators Accelerators Typical Engagement Stage Angel Investor Venture Capital Funds Incubators Bank Loans
  4. 4. 4 Incubators • Providors of office space to startups for a fixed duration, typically more than an year • Shared Work-Space or small offices • Mostly Non-Profit or Publically Supported • According to International business innovation association • 54% are mixed-use • 37% focused on technology business • 6% focussed on service businesses • Increasingly getting more active in organising events, mentorships, and even connection to investors
  5. 5. 5 Startup Incubator
  6. 6. 6 Accelerators • Run cohort based programs for startups for a fixed duration, usually a few months. • Provide intensive training and mentorship • Work with the startups to significantly improve their product and business model so that they can approach large investors. • Some accelerators invest money in a startup in return for equity. • Most programs end in a Demo Day event where investors are called. • Many accelerators are struggling with developing their unique business model.
  7. 7. 7 Accelerator Example – Startup Chile • 5 Verticals • Robotics • Software • Clean Energy • Education • Healthcare • Started in 2010 with the support of Chilean Government. • $40.000 of equity free funding • 1 year commitment to stay in Chile
  8. 8. 8 • One of the earliest Accelerator, started in 2005, at Silicon Valley • $120.000 for 7% Equity • Twice a year intake • Succesful Alumni Accelerator Example – Y-combinator
  9. 9. 9 Online Platforms • Used by accelerators to create online application forms. • Startups can create profiles. • Can be used to find talent, cofounders • Free to use • Match Angel Investors to Startups • Help job seekers connect to startups • Crowdfunding for creative startups • Find a co-founder
  10. 10. 10 Events/Meetups • Global Startup Community • 185 Cities and 70 Countries • World’s most influencial startup tech event • 2015 – Dublin • 2016 - Lisbon
  11. 11. 11 Investment • Angel Investors • A wealthy individual who provides investment to a Startup • Early Stage Investment • High risk, high equity • Venture Capital Funds • Professionally Managed Investment Funds • Larger Investment • Often for Scale up stage • Influence the management of the Startup
  12. 12. 12 Main Success Factors for Startup Ecosystem • Educational Institutions • General as well as specific skill based • Entrepreneurial Culture • Motivated Young People • Risk Tolerance • Creativity, Ambition, Drive • Visible Success Stories • Active Ecosystem Actors • Sufficient Funding Sources • Micro Loans, Grants • Angel Investors, VCs
  13. 13. 13 • Human Capital • Skilled Workforce • Serial Entrepreneurs • Government Support • Easy Regulatory Framework • Incentives. Eg. Tax Benefits • Venture friendly legislations. Eg. Bankruptcy, Contract enforcement, Property rights, Labour laws • Easy immigration policy for foreign workers and entreprenerus Other Key Success Factors for Startup Ecosystem
  14. 14. 14 • Customers • Proximity to Customers • Global Connectivity • Easy Availability of Support Services • Legal • Accounting • Advisors • Infrastructure • Telecommunications • Transport and Logistics • Energy Other Key Success Factors for Startup Ecosystem
  15. 15. 15 Most Succesful Global Startup Ecosystems
  16. 16. 16 • Performance on the funding and exit valuations of startups headquartered in an ecosystem • Funding on VC investment in the ecosystem and the time it takes to raise capital. • Talent on the quality of technical talent, its availability and cost • Market reach on the size of the local ecosystem’s GDP and the ease of reaching customers in international markets • Startup Experience on first-party survey data that is linked to success of startups, such as having veteran startup mentors or founders with previous startup experience Digital Business Ecosystem Rankings 2015 Parameters
  17. 17. 17 Digital Business Ecosystem Rankings 2015 Source: Startup Compass
  18. 18. 18 Digital Business Ecosystem Rankings 2015 Source: Startup Compass
  19. 19. 19 Task for Next Class • Identify the main actors in the Lisbon Ecosystem: • Accelerators • Incubators • Co-work Spaces • Angel Investors • Venture Capital Funds • Present them in a short presentation explaining their starting date, and a brief profile.

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