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Dirk Kanngiesser - German Accelerator - Stanford Engineering - Jan 4 2016

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Talk by Dirk Kanngiesser, CEO - German Accelerator (DE), at Stanford on Jan 4 2016, in our session on 'European Startup Bridges in Silicon Valley'.

Website: http://www.StanfordEuropreneurs.org
YouTube Channel: https://www.youtube.com/user/StanfordEuropreneurs
Twitter: @Europreneurs

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Dirk Kanngiesser - German Accelerator - Stanford Engineering - Jan 4 2016

  1. 1. European Entrepreneurship & Innovation Stanford School of Engineering GERMAN ACCELERATOR Dirk Kanngiesser, CEO January  4,  2016
  2. 2. OUR VISION To foster the international growth of German tech startups by supporting them with an effective and efficient entry into the U.S. market.   “ „
  3. 3. PROGRAM specs Preparation Workshops Mentoring Board Meeting Graduation Alumni Network DURATI ON scope eLIGIBI LITY 3 months (+ 3 months extension option) German startups from ICT-related sectors 36 company participants per year; 18 program extensions granted
  4. 4. Objectives for startups   Successful U.S. market entry   Understand U.S. business environment Develop U.S. go-to market strategy Market feedback from U.S. customers NETWORKING & Pitching fundraising from U.S. VCs
  5. 5. UNIQUE MENTORING PROGRAM Business Execution & Success U.S. Go-To-Market Strategy Financing Strategy Marketing & Communication Team and Leadership Skills U.S. Legal & Corporate Structures
  6. 6.  PROGRAM BENEFITS Validate Assumptions Expand Network Speed Up Development Acquire Top Talent Strengthen Credibility Benchmark With Peers Fuel Growth Build Relationships Jump Learning Curve
  7. 7. MOBIL E Big Data E- commerc e Smart Home Digital Media SOFTWA RECLOUD SERVICES Analytics SUSTAINABI LITY gamin g E- Health Internet of Things Company snapshot Healthcar e Productivity Services Clean Tech FinTe ch
  8. 8. Success stories
  9. 9. Success stories
  10. 10. Program status Program established Q1 2012 Dedicated mentor network 400 applicants 8k+ Facebook fans & 2k+ Twitter follower 3,800+ attendees at events in Germany and Silicon Valley 72 alumni Website & social media channels established with weekly reach of 30,000 Established strategic & community partnerships
  11. 11. Program Overview: Applicants: 400 Graduates: 66 SV, 14 NY Locations: Silicon Valley (2012) – New York (2014) – Boston (2016) Participants’ Feedback: How do you rate your sales leads / customer traction in the U.S.? 3.2* Positive impact of program participation on your company     4.4   How satisfied are you with your overall mentor experience?   4.7   Overall, how satisfied are you with your LLP experience?     4.4   Would you recommend the program to other startups?     Yes: 100%     Have you established U.S. operations?: Presence (no legal entity): 43% Subsidiary: 18% Headquarters: 3% Summary of Program *Average; from 1 low to 5 high
  12. 12. Findings & Conclusion While the “Mobile” sector plummeted in the recent application round the “Software” and “Business Products and Services” sector set new records. The sectors are getting more diversified overall including other areas. Sectors
  13. 13. Comparison of applicants and program participants Stage Employees 45 Program Participants Applicants Results: Taking a look at the number of employees and the stage of the companies, one can see that more advanced companies were more likely to get chosen for the program
  14. 14. CONTACT US Dirk Kanngiesser EMAIL: dirk.kanngiesser@germanaccelerator.com SILICON VALLEY (MAIN OFFICE) 720 University Avenue Palo Alto, CA 94301 SAN FRANCISCO 1355 Market Street San Francisco, CA 94103 NEW YORK 137 Varick Street New York, NY 10013 GERMANY Geschwister-Scholl-Platz 1 80539 Munich
  15. 15. GERMAN ACcELERATOR - Your fast track to the U.S. -

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