Irena Chaushevska - NewMan's Accelerator - Macedonia & SE-Europe - Stanford Engineering - Feb 8 2016

Burton Lee
Burton LeeLecturer - European Entrepreneurship & Innovation
ACCELERATING
TALENT & START-UPS IN
SOUTH-EASTERN EUROPE
IRENA CHAUSHEVSKA
CEO & Founder
European Entrepreneurship and Innovation 

| Stanford University
NEW MAN’S BUSINESS
A C C E L E R A T O R
February 8 , 2016www.newmansba.com @NewMansBA
FOUNDED IN APRIL 2014
100% PRIVATE INVESTORS
400% YOY REVENUE GROWTH
CASH FLOW POSITIVE
43 STARTUPS
160+ STUDENTS
60 MENTORS
9 PERSON CORE TEAM
NEWMAN’S
THE LEADING SEE
ACCELERATOR
NEWMAN’S HQ IN MACEDONIA
A SMALL DYNAMIC COUNTRY
3
2.1 MILLION PEOPLE
PARLIAMENTARY
DEMOCRACY
69% MACEDONIANS,
22% ALBANIANS,
4% TURKS, 2% SERBS
MACEDONIA - LAND OF MYTHS AND LEGENDS
AND GROWING STARTUP COMMUNITY
4
KOKINO - Megalithic
observatory 4th oldest in world
according to NASA.
KUKLICA - 10 million years
old stone town and 120 stone
figures in city of Kratovo.
ALSHAR MINE -
Lorandite, mineral that could
unravel the work of the Sun.
OHRID LAKE - Europe
oldest, 1 million years. Country
had 34 mountains & 53 lakes.
MOTHER THERESA -
Was born in the capital city of
Macedonia - Skopje.
ALEXANDER THE
GREAT - King of Macedonia
and conqueror of Persia.
MACEDONIA - LAND OF MYTHS AND LEGENDS
AND GROWING STARTUP COMMUNITY
5
KOKINO - Megalithic
observatory 4th oldest in world
according to NASA.
KUKLICA - 10 million years
old stone town and 120 stone
figures in city of Kratovo.
ALSHAR MINE -
Lorandite, mineral that could
unravel the work of the Sun.
OHRID LAKE - Europe
oldest, 1 million years. Country
had 34 mountains & 53 lakes.
MOTHER THERESA -
Was born in the capital city of
Macedonia - Skopje.
ALEXANDER THE
GREAT - King of Macedonia
and conqueror of Persia.
MACEDONIA - LAND OF MYTHS AND LEGENDS
AND GROWING STARTUP COMMUNITY
6
KOKINO - Megalithic
observatory 4th oldest in world
according to NASA.
KUKLICA - 10 million years
old stone town and 120 stone
figures in city of Kratovo.
ALSHAR MINE -
Lorandite, mineral that could
unravel the work of the Sun.
OHRID LAKE - Europe
oldest, 1 million years. Country
had 34 mountains & 53 lakes.
MOTHER THERESA -
Was born in the capital city of
Macedonia - Skopje.
ALEXANDER THE
GREAT - King of Macedonia
and conqueror of Persia.
MACEDONIA - LAND OF MYTHS AND LEGENDS
AND GROWING STARTUP COMMUNITY
7
KOKINO - Megalithic
observatory 4th oldest in world
according to NASA.
KUKLICA - 10 million years
old stone town and 120 stone
figures in city of Kratovo.
ALSHAR MINE -
Lorandite, mineral that could
unravel the work of the Sun.
OHRID LAKE - Europe
oldest, 1 million years. Country
had 34 mountains & 53 lakes.
MOTHER THERESA -
Was born in the capital city of
Macedonia - Skopje.
ALEXANDER THE
GREAT - King of Macedonia
and conqueror of Persia.
MACEDONIA 2ND BEST IN THE WORLD
FOR STARTING A BUSINESS
8
1st IN REGION
2nd IN WORLD
IN STARTING
BUSINESS
EUROPEAN
SKILL-LEVEL
WORKFORCE
42% UNDER 30
90% YOUTH
FLUENT IN
ENGLISH
580 US$
GROSS
MONTHLY
SALARY
EXCELLENT
GEO-STRATEGIC
POSITION
LOWEST
OPERATING
COSTS IN
EUROPE
Source: World Bank 2016 “Doing Business” Report
BEST
OVERALL
TAX RATE
IN WORLD
3,7% ANNUAL
GDP GROWTH
TOP MACEDONIAN MANUFACTURERS
AND INVESTMENT OPPORTUNITIES
9
MACHINE &
AUTOMOTIVE
(GERMANY)
4000 employees.
Supply premium
automakers with
wiring systems.
(UK) European
mega catalyst
plant for emission
control. 80M$
investment.
(BELGIUM)
Production of
400 busses
annually. 20M$
investment.
COMPOSITES &
METALS
(MK) Machine and
composites
production plant
for materials/parts
for airplanes and
satellites.
(US/MK) Flexible
metal products
for automotive,
petrochemical,
and power
generation.
(MK) Wire products,
robotic medical
equipment, freight
trailers, telecoms
equipment.
(MACEDONIA)
116 Million voters
SEE + Ecuador
Featured in Forbes.
European Business Award.
TOP MACEDONIAN TECH INDUSTRIES
AND INVESTMENT OPPORTUNITIES
10
(MACEDONIA)
Manufacturing of Printed
Circuit Boards specialized
for express delivery.
10.000 prototypes / year.
(US) 60M$ investment.
Electronic dashboard
components and car
seats for automotive
industry.
(MACEDONIA) Works on
Hollywood blockbusters with
major Hollywood studios.
EMMY nomination for visual
effects in 2007.
ELECTRONICS &
HARDWARE
SOFTWARE &
DIGITAL
(MACEDONIA) 50% of
Fortune 500 are
customers for Project
Viewer product.
600 employees.
MY ENTREPRENEURIAL
CAREER PATH
PR AT
CABINET OF
PRIME MINISTER
20042002
EU PROJECT
AT MINISTRY
OF DEFENSE
ASSISTANT ADVISOR
AT CABINET OF
COUNTRY PRESIDENT
20042001
LAW
UNIVERSITY 
LOCAL
2015
REGION
2016
GLOBAL
2014
NEW MAN’S BUSINESS
A C C E L E R A T O R
FOUNDER & CEO
MARKETING &
SALES DIRECTOR
IN NATIONAL TV
20082006
PR & MARKETING
MANAGER IN TELCO
2011
CEO AT EDUCATIONAL
CENTER OF INTERNATIONAL
SOFTWARE CORPORATION
REPORTER
FROM GREECE
2005
M.A. IN
MARKETING
SHEFFIELD
UNIVERSITY
2009
FOUNDER & CEO
OF MARKETING &
DESIGN START-UP
MY ENTREPRENEURIAL
CAREER PATH
“Work at only 30% of your capacity
and you will be OK here,
continue to work harder and you
might be in TROUBLE soon !”,
High Government Official, Macedonia - 2004
FROM MARKETING & FAX MACHINES
TO FOUNDER & SPACE LAUNCHES IN 5 YEARS
WHY?
MARKET
OPPTY
PERSONAL
GROWTH
PROFESSIONAL
GROWTH
2010 2015
< Client’s office (Western Union-UFS), Marketecture > < Cape Canaveral Air Force Station, Florida, Atlas V >
NEWMAN’S - NASA
GLOBAL CO-ORGANIZER
14
GLOBAL CO-ORGANIZER OF THE
NASA SPACE APPS CHALLENGE
160 LOCATIONS, OVER 10.000
PARTICIPANTS AROUND THE
WORLD (APRIL 22-24, 2016)
< NewMan’s NASA partners >
< NASA Space Apps Challenge, Skopje Finals, 2015 >
NEWMAN’S - NASA
GLOBAL CO-ORGANIZER
15
www.spaceappschallenge.eu
NEWMAN’S - NASA
GLOBAL CO-ORGANIZER
16
www.spaceappschallenge.org
NOW ACCEPTING APPLICATIONS
NEWMAN’S MISSION
AND BUSINESS UNITS
17
N E W M A N ’ S
P R O T O - L A B
THE
POWER OF
SYNERGY
Students
M
en
tors
Founders
Tea
m
m
embersFreelancer
s
Companies
Invest
ors
GAIN SKILLS
RE
CRUIT
BUILDPRODUC
TS
GETFEEDBACK
I
M
PROVEGO-TO-MARK
ET
“Empowering young
people to reach their
MAXIMUM POTENTIAL
and to build products
for GLOBAL MARKETS,
by providing
full life-cycle of
talent & products,
development & launch
tools and services”,
Irena Chaushevska,
NewMan’s CEO
0
90
180
270
360
2014 2015 2016
Male Female
100
200
300
400
58
112
310
18
NEWMAN’S
ACADEMY
INTERNATIONAL INDUSTRY PARTNERS:
- Training tomorrow’s technical
leaders -
0
20
40
60
80
2014 2015 2016
Male Female
17,5
35
52,5
70
19
IOT, GAMING, E-COMMERCE STARTUPS:
15
22
61
NEWMAN’S
SMART-UP
- Identifying and accelerating
the best start-ups -
20
1-3m €
SLOVENIA / EBRD
VENTURE CAPITAL FUNDS
IN SOUTH-EAST EUROPE
500k-3m €
AUSTRIA
1-5m €
GERMANY
NEWMAN’S
PROTO-LAB
21
- Fostering innovation
and new product
development -
NEWMAN’S
COMMERCIAL PRODUCTS
22
TELECONFERENCE ROBOT -
Fully talkative moving display for more
natural remote communication.
SELECTED START-UPS FROM BALKANS
AND NEWMAN’S PORTFOLIO
23
• APPLIED ROBOTICS (Macedonia) - Space
cubes, Intelligent autonomous aircrafts
and Smart home appliances. Seed and a
follow up Series A investment from a Local
investor. First products on the market in
Q3 of 2016. B2B and B2C.
• MODULAR (Macedonia) - Online platform
for personalized art products that can be
3D printed or manufactured from local
providers globally. Seed investment from
the Macedonian Fund for Innovations and
technological development. B2C.
24
• ALBASOFT CMS (Albania) - Enterprise
platform used to build and manage
websites with CMS. Wordpress, LeadPages
and GoDaddy at one place. Over 2 million
pages are already created with this
platform. Self-sustainable. B2B.
• FueLoyal Inc. (Macedonia, Croatia, US) -
Leading and most innovative provider of
Fuel misuse preventing software and
patented hardware solutions in Trucking
Business. Global VC investment. Established
US presence. Self-sustainable. B2C and B2B.
SELECTED START-UPS FROM BALKANS
AND NEWMAN’S PORTFOLIO
NEWMAN’S IN THE HEART
OF THE SE EUROPE START-UP ECOSYSTEM
25
SERBIA
BOSNIA &
HERZEGOVINA
MONTENEGRO
CROATIA
SLOVENIA
MACEDONIA
BULGARIA
ROMANIA
GREECE
ALBANIA
HUNGARY
AUSTRIA
ITALY
TURKEY
KOSOVO
VIENNA
NEWMAN’S
GOES GLOBAL !!
26
VIENNA
LONDON
LOS
ANGELES
SAN
FRANCISCO
SKOPJE
NEWMAN’S CORE TEAM
27
28
WHAT ARE WE LOOKING FOR
IN THE SILICON VALLEY ?
1. LOCATION & MANAGER FOR
THE NEWMAN’S SAN FRANCISCO
PROGRAM
2. PARTNERS & INVESTORS IN THE
NEWMAN’S GO-TO-MARKET FUND
(min 200k US$ per investor)
THE TIME OF THE BALKANS START-UPS
IS COMING!
29
The Balkan’s start-ups journey
have just begun and I am very
confident that it is going to be a
great experience with lot of
rewards for everyone involved!
SMALL COUNTRY - GREAT PARTNER !!
THANK YOU.
30
www.newmansba.com
irena@newmansba.com
@chaushevska
@NewMansBA
1 of 30

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Irena Chaushevska - NewMan's Accelerator - Macedonia & SE-Europe - Stanford Engineering - Feb 8 2016

  • 1. ACCELERATING TALENT & START-UPS IN SOUTH-EASTERN EUROPE IRENA CHAUSHEVSKA CEO & Founder European Entrepreneurship and Innovation | Stanford University NEW MAN’S BUSINESS A C C E L E R A T O R February 8 , 2016www.newmansba.com @NewMansBA
  • 2. FOUNDED IN APRIL 2014 100% PRIVATE INVESTORS 400% YOY REVENUE GROWTH CASH FLOW POSITIVE 43 STARTUPS 160+ STUDENTS 60 MENTORS 9 PERSON CORE TEAM NEWMAN’S THE LEADING SEE ACCELERATOR
  • 3. NEWMAN’S HQ IN MACEDONIA A SMALL DYNAMIC COUNTRY 3 2.1 MILLION PEOPLE PARLIAMENTARY DEMOCRACY 69% MACEDONIANS, 22% ALBANIANS, 4% TURKS, 2% SERBS
  • 4. MACEDONIA - LAND OF MYTHS AND LEGENDS AND GROWING STARTUP COMMUNITY 4 KOKINO - Megalithic observatory 4th oldest in world according to NASA. KUKLICA - 10 million years old stone town and 120 stone figures in city of Kratovo. ALSHAR MINE - Lorandite, mineral that could unravel the work of the Sun. OHRID LAKE - Europe oldest, 1 million years. Country had 34 mountains & 53 lakes. MOTHER THERESA - Was born in the capital city of Macedonia - Skopje. ALEXANDER THE GREAT - King of Macedonia and conqueror of Persia.
  • 5. MACEDONIA - LAND OF MYTHS AND LEGENDS AND GROWING STARTUP COMMUNITY 5 KOKINO - Megalithic observatory 4th oldest in world according to NASA. KUKLICA - 10 million years old stone town and 120 stone figures in city of Kratovo. ALSHAR MINE - Lorandite, mineral that could unravel the work of the Sun. OHRID LAKE - Europe oldest, 1 million years. Country had 34 mountains & 53 lakes. MOTHER THERESA - Was born in the capital city of Macedonia - Skopje. ALEXANDER THE GREAT - King of Macedonia and conqueror of Persia.
  • 6. MACEDONIA - LAND OF MYTHS AND LEGENDS AND GROWING STARTUP COMMUNITY 6 KOKINO - Megalithic observatory 4th oldest in world according to NASA. KUKLICA - 10 million years old stone town and 120 stone figures in city of Kratovo. ALSHAR MINE - Lorandite, mineral that could unravel the work of the Sun. OHRID LAKE - Europe oldest, 1 million years. Country had 34 mountains & 53 lakes. MOTHER THERESA - Was born in the capital city of Macedonia - Skopje. ALEXANDER THE GREAT - King of Macedonia and conqueror of Persia.
  • 7. MACEDONIA - LAND OF MYTHS AND LEGENDS AND GROWING STARTUP COMMUNITY 7 KOKINO - Megalithic observatory 4th oldest in world according to NASA. KUKLICA - 10 million years old stone town and 120 stone figures in city of Kratovo. ALSHAR MINE - Lorandite, mineral that could unravel the work of the Sun. OHRID LAKE - Europe oldest, 1 million years. Country had 34 mountains & 53 lakes. MOTHER THERESA - Was born in the capital city of Macedonia - Skopje. ALEXANDER THE GREAT - King of Macedonia and conqueror of Persia.
  • 8. MACEDONIA 2ND BEST IN THE WORLD FOR STARTING A BUSINESS 8 1st IN REGION 2nd IN WORLD IN STARTING BUSINESS EUROPEAN SKILL-LEVEL WORKFORCE 42% UNDER 30 90% YOUTH FLUENT IN ENGLISH 580 US$ GROSS MONTHLY SALARY EXCELLENT GEO-STRATEGIC POSITION LOWEST OPERATING COSTS IN EUROPE Source: World Bank 2016 “Doing Business” Report BEST OVERALL TAX RATE IN WORLD 3,7% ANNUAL GDP GROWTH
  • 9. TOP MACEDONIAN MANUFACTURERS AND INVESTMENT OPPORTUNITIES 9 MACHINE & AUTOMOTIVE (GERMANY) 4000 employees. Supply premium automakers with wiring systems. (UK) European mega catalyst plant for emission control. 80M$ investment. (BELGIUM) Production of 400 busses annually. 20M$ investment. COMPOSITES & METALS (MK) Machine and composites production plant for materials/parts for airplanes and satellites. (US/MK) Flexible metal products for automotive, petrochemical, and power generation. (MK) Wire products, robotic medical equipment, freight trailers, telecoms equipment.
  • 10. (MACEDONIA) 116 Million voters SEE + Ecuador Featured in Forbes. European Business Award. TOP MACEDONIAN TECH INDUSTRIES AND INVESTMENT OPPORTUNITIES 10 (MACEDONIA) Manufacturing of Printed Circuit Boards specialized for express delivery. 10.000 prototypes / year. (US) 60M$ investment. Electronic dashboard components and car seats for automotive industry. (MACEDONIA) Works on Hollywood blockbusters with major Hollywood studios. EMMY nomination for visual effects in 2007. ELECTRONICS & HARDWARE SOFTWARE & DIGITAL (MACEDONIA) 50% of Fortune 500 are customers for Project Viewer product. 600 employees.
  • 11. MY ENTREPRENEURIAL CAREER PATH PR AT CABINET OF PRIME MINISTER 20042002 EU PROJECT AT MINISTRY OF DEFENSE ASSISTANT ADVISOR AT CABINET OF COUNTRY PRESIDENT 20042001 LAW UNIVERSITY  LOCAL 2015 REGION 2016 GLOBAL 2014 NEW MAN’S BUSINESS A C C E L E R A T O R FOUNDER & CEO MARKETING & SALES DIRECTOR IN NATIONAL TV 20082006 PR & MARKETING MANAGER IN TELCO 2011 CEO AT EDUCATIONAL CENTER OF INTERNATIONAL SOFTWARE CORPORATION REPORTER FROM GREECE 2005 M.A. IN MARKETING SHEFFIELD UNIVERSITY 2009 FOUNDER & CEO OF MARKETING & DESIGN START-UP
  • 12. MY ENTREPRENEURIAL CAREER PATH “Work at only 30% of your capacity and you will be OK here, continue to work harder and you might be in TROUBLE soon !”, High Government Official, Macedonia - 2004
  • 13. FROM MARKETING & FAX MACHINES TO FOUNDER & SPACE LAUNCHES IN 5 YEARS WHY? MARKET OPPTY PERSONAL GROWTH PROFESSIONAL GROWTH 2010 2015 < Client’s office (Western Union-UFS), Marketecture > < Cape Canaveral Air Force Station, Florida, Atlas V >
  • 14. NEWMAN’S - NASA GLOBAL CO-ORGANIZER 14 GLOBAL CO-ORGANIZER OF THE NASA SPACE APPS CHALLENGE 160 LOCATIONS, OVER 10.000 PARTICIPANTS AROUND THE WORLD (APRIL 22-24, 2016) < NewMan’s NASA partners > < NASA Space Apps Challenge, Skopje Finals, 2015 >
  • 15. NEWMAN’S - NASA GLOBAL CO-ORGANIZER 15 www.spaceappschallenge.eu
  • 16. NEWMAN’S - NASA GLOBAL CO-ORGANIZER 16 www.spaceappschallenge.org NOW ACCEPTING APPLICATIONS
  • 17. NEWMAN’S MISSION AND BUSINESS UNITS 17 N E W M A N ’ S P R O T O - L A B THE POWER OF SYNERGY Students M en tors Founders Tea m m embersFreelancer s Companies Invest ors GAIN SKILLS RE CRUIT BUILDPRODUC TS GETFEEDBACK I M PROVEGO-TO-MARK ET “Empowering young people to reach their MAXIMUM POTENTIAL and to build products for GLOBAL MARKETS, by providing full life-cycle of talent & products, development & launch tools and services”, Irena Chaushevska, NewMan’s CEO
  • 18. 0 90 180 270 360 2014 2015 2016 Male Female 100 200 300 400 58 112 310 18 NEWMAN’S ACADEMY INTERNATIONAL INDUSTRY PARTNERS: - Training tomorrow’s technical leaders -
  • 19. 0 20 40 60 80 2014 2015 2016 Male Female 17,5 35 52,5 70 19 IOT, GAMING, E-COMMERCE STARTUPS: 15 22 61 NEWMAN’S SMART-UP - Identifying and accelerating the best start-ups -
  • 20. 20 1-3m € SLOVENIA / EBRD VENTURE CAPITAL FUNDS IN SOUTH-EAST EUROPE 500k-3m € AUSTRIA 1-5m € GERMANY
  • 22. NEWMAN’S COMMERCIAL PRODUCTS 22 TELECONFERENCE ROBOT - Fully talkative moving display for more natural remote communication.
  • 23. SELECTED START-UPS FROM BALKANS AND NEWMAN’S PORTFOLIO 23 • APPLIED ROBOTICS (Macedonia) - Space cubes, Intelligent autonomous aircrafts and Smart home appliances. Seed and a follow up Series A investment from a Local investor. First products on the market in Q3 of 2016. B2B and B2C. • MODULAR (Macedonia) - Online platform for personalized art products that can be 3D printed or manufactured from local providers globally. Seed investment from the Macedonian Fund for Innovations and technological development. B2C.
  • 24. 24 • ALBASOFT CMS (Albania) - Enterprise platform used to build and manage websites with CMS. Wordpress, LeadPages and GoDaddy at one place. Over 2 million pages are already created with this platform. Self-sustainable. B2B. • FueLoyal Inc. (Macedonia, Croatia, US) - Leading and most innovative provider of Fuel misuse preventing software and patented hardware solutions in Trucking Business. Global VC investment. Established US presence. Self-sustainable. B2C and B2B. SELECTED START-UPS FROM BALKANS AND NEWMAN’S PORTFOLIO
  • 25. NEWMAN’S IN THE HEART OF THE SE EUROPE START-UP ECOSYSTEM 25 SERBIA BOSNIA & HERZEGOVINA MONTENEGRO CROATIA SLOVENIA MACEDONIA BULGARIA ROMANIA GREECE ALBANIA HUNGARY AUSTRIA ITALY TURKEY KOSOVO VIENNA
  • 28. 28 WHAT ARE WE LOOKING FOR IN THE SILICON VALLEY ? 1. LOCATION & MANAGER FOR THE NEWMAN’S SAN FRANCISCO PROGRAM 2. PARTNERS & INVESTORS IN THE NEWMAN’S GO-TO-MARKET FUND (min 200k US$ per investor)
  • 29. THE TIME OF THE BALKANS START-UPS IS COMING! 29 The Balkan’s start-ups journey have just begun and I am very confident that it is going to be a great experience with lot of rewards for everyone involved!
  • 30. SMALL COUNTRY - GREAT PARTNER !! THANK YOU. 30 www.newmansba.com irena@newmansba.com @chaushevska @NewMansBA