Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
European Incubators in
Silicon Valley: the M31 case
Aldo Cocchiglia, CEO – M31 USA

January 3 2011
What does M31 do?

M31 Italia turns innovative technologies into start-
ups.
M31 USA turns technology start-ups into succe...
Where and When




M31 Italia founded in Padova, Italy in 2006
Focus on incubation: working with entrepreneurs
from seed f...
M31 Operating Model

Venture incubation - office space
and office shared services

Funding – from seed
to 2nd + rounds

Ma...
M31 Focus

Sectors we invest in: Medical Equipment, Embedded
Computing, Optical Systems, Software and Web,
Sensor Networks...
M31 Portfolio
                     software & WEB,
                     sensor networks,
                                 ...
M31 USA

Global Expansion Services
• US entry planning
• Global expansion planning
• Start-up incubation in SV
• Innovatio...
M31USA Clients



       M31 Portfolio
        Companies


                 University
  Italian       Technology
High-Tec...
The CenterVue Case

Incorporated in April 2008 - first startup for M31
Develops hw & sw for cost-effective screening
progr...
The CenterVue Case

The Eye Knowledge network: a Web
platform for eye care, i.e. online
continuing education, expert
consu...
Highlights of the CenterVue Story

Major positive impact on social costs of
blindness in US and worldwide
Short developm...
M31 Italia Srl         M31 USA, LLC
               Via N. Tommaseo 77     4655 Old Ironsides Dr.
               35131 Pado...
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011
Upcoming SlideShare
Loading in …5
×

Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011

1,907 views

Published on

  • Be the first to comment

  • Be the first to like this

Aldo Cocchiglia - M31 - European Incubators in Silicon Valley - Stanford - Jan 3 2011

  1. 1. European Incubators in Silicon Valley: the M31 case Aldo Cocchiglia, CEO – M31 USA January 3 2011
  2. 2. What does M31 do? M31 Italia turns innovative technologies into start- ups. M31 USA turns technology start-ups into successful global companies. 2
  3. 3. Where and When M31 Italia founded in Padova, Italy in 2006 Focus on incubation: working with entrepreneurs from seed funding to corporate exits M31 USA established in Silicon Valley in 2010 Initial focus: global expansion for Italian high-tech companies including start-ups and larger high- tech enterprises 3
  4. 4. M31 Operating Model Venture incubation - office space and office shared services Funding – from seed to 2nd + rounds Management advisor– from strategy to execution Global Business Development – from leads to contracts 4
  5. 5. M31 Focus Sectors we invest in: Medical Equipment, Embedded Computing, Optical Systems, Software and Web, Sensor Networks Core competences: Innovative Product Development, Strategic Management, Global Reach Services provided: from incubation to management, from international expansion to exit Deal flow: affiliation with universities, research labs, private companies, Angels, early-stage VCs., etc. Typical investment size: € 50 K to 2.5 M, with syndicate if needed 5
  6. 6. M31 Portfolio software & WEB, sensor networks, wireless I-net of things antennas biomedical instruments WEB services in eyecare embedded electronics & PCs WEB services adaptive optics 6
  7. 7. M31 USA Global Expansion Services • US entry planning • Global expansion planning • Start-up incubation in SV • Innovation tours for Italian companies and university programs • Exit strategy and Fundraising support for additional rounds Gateway to Italian Technologies • Technology scouting for US companies • Partner/supplier scouting for US companies • High-tech investments in Italy: start-up or product line acquisitions 7
  8. 8. M31USA Clients M31 Portfolio Companies University Italian Technology High-Tech Transfer Companies Offices 8
  9. 9. The CenterVue Case Incorporated in April 2008 - first startup for M31 Develops hw & sw for cost-effective screening programs to detect and treat ocular diseases that bring to blindness Shareholding: M31 46%, Seed investor 28%, Founders & Management 26% Total capital raised: $2.4M; headcount: 17 Developed two innovative devices approved by FDA in 2010, and a Web software platform 9
  10. 10. The CenterVue Case The Eye Knowledge network: a Web platform for eye care, i.e. online continuing education, expert consultation and telemedicine MAIA: early detection and management of Age Related Macular Degeneration (AMD) DRS: a fully automated, inexpensive, retinal camera for large scale screening of Diabetic Retinopathy 10
  11. 11. Highlights of the CenterVue Story Major positive impact on social costs of blindness in US and worldwide Short development time and very limited investment thanks to the “M31 model” 2010 sales: 120+ units Estimated 2011 sales: 1700+ units in 60 countries for $25+M (64% in US) Planning an exit via acquisition or IPO in US within 2 -3 years 11
  12. 12. M31 Italia Srl M31 USA, LLC Via N. Tommaseo 77 4655 Old Ironsides Dr. 35131 Padova – Italy Santa Clara, CA 95054 Ph: +39 049 781 1811 Ph: +1 408 988 8404 www.m31.com www.m31usa.com aldo.cocchiglia@m31.com M31: Incubation of European Ideas, with European R&D, European job creation and US business development

×