VentureLab Twente information meeting 2011-06-09


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Information about VentureLab Twente in The Netherlands.

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VentureLab Twente information meeting 2011-06-09

  1. 1. VentureLab Twente Information, June 2011 Ruud Koopman, Coaching This project is made possible by contributions of the European Union and the Province of Overijssel
  2. 2. Participation in VentureLab Twente <ul><li> Need for VLT initiative </li></ul><ul><li>Stakeholders </li></ul><ul><li>Participants </li></ul><ul><li>VLT Concept </li></ul><ul><li>Proof of concept </li></ul><ul><li>Questions & Answers </li></ul>Content
  3. 3. VentureLab Twente .. initiative and objectives University Twente: > 800 start-ups in 25 yrs … but they remain small (< 10 fte) University asked to design business support program for growth companies  VLT VLT OBJECTIVES 350 participants in 5 years 200 SME’s 30 SME’s >100 fte’s 3000 direct, 6000 indirect fte’s Need for program
  4. 4. VentureLab Twente … a partner in creating value <ul><li>.. for ambitious people who want to build their own company </li></ul><ul><li>Business Creation </li></ul><ul><li>Business Acceleration </li></ul><ul><li>- high tech, high growth and international focus </li></ul><ul><li>Flexible support programme .. </li></ul><ul><li>tailored to need of company </li></ul><ul><li>.. one year for € 3.000 </li></ul>VLT Concept
  5. 5. Targets groups <ul><li>High Tech </li></ul><ul><li>Broad definition, including aspects (and/or) </li></ul><ul><li>Intellectual Property Right (IPR) </li></ul><ul><li>New Business Model </li></ul><ul><li>New proposition in Value chain </li></ul><ul><li>New technology </li></ul><ul><li>Business experience </li></ul><ul><li>Serial entrepreneur </li></ul><ul><li>or no experience at all </li></ul><ul><li>… average age of participants > 46 years </li></ul>VLT for YOU! Participants
  6. 6. VentureLab Twente Our value proposition, your choice Do it yourself Struggle two years all by yourself .. .. and create a company value of 100 .. “ I don’t have time for the VLT programme” Do it with VLT Exploit the benefits of the VLT program .. .. and create a company value of 1000 within one year VLT for YOU! Participants
  7. 7. Entrepreneurial needs (4S model NIKOS) VLT CONCEPT Entrepreneur and Enterprise Scope: from idea to Strategy Social Network- Contacts Skills: Patterns of Organi- sation Scale: Economy Financial means <ul><li>Ideas </li></ul><ul><li>Assessing the opportunity </li></ul><ul><li>Strategic processes </li></ul><ul><li>Business plan </li></ul><ul><li>Culture, values, norms </li></ul><ul><li>Facilities </li></ul><ul><li>Personelarrangements & Systems </li></ul><ul><li>Knowledge </li></ul><ul><li>Contacts with: </li></ul><ul><li>Clients </li></ul><ul><li>Suppliers </li></ul><ul><li>Experts </li></ul><ul><li>Colleagues </li></ul><ul><li>Support agents </li></ul><ul><li>Own capital </li></ul><ul><li>Bridging development period </li></ul><ul><li>Financing investments - Venture Capital - Loans </li></ul>
  8. 8. But companies often underperform <ul><li>Mono-disciplinary </li></ul><ul><li>Teams (tech) </li></ul><ul><li>No management </li></ul><ul><li>Skills </li></ul><ul><li>Strategic drift </li></ul><ul><li>Technology/market </li></ul><ul><li>Small ambition </li></ul><ul><li>“ Death valley” </li></ul><ul><li>Long time to market </li></ul><ul><li>High cost - high risk </li></ul><ul><li>Unsufficient funding </li></ul><ul><li>Academic </li></ul><ul><li>networks </li></ul><ul><li>Small markets </li></ul><ul><li>No networks </li></ul>VLT CONCEPT Not market oriented Scope: from idea to Strategy Social Network- Contacts Skills: Patterns of Organi- sation Scale: Economy Financial means
  9. 9. VLT instruments for success <ul><li>Culture, values, norms </li></ul><ul><li>Facilities </li></ul><ul><li>Personelarrangements & Systems </li></ul><ul><li>Knowledge </li></ul><ul><li>Ideas </li></ul><ul><li>Assessing the opportunity </li></ul><ul><li>Strategic processes </li></ul><ul><li>Business plan </li></ul><ul><li>Contacts with: </li></ul><ul><li>Clients </li></ul><ul><li>Suppliers </li></ul><ul><li>Experts </li></ul><ul><li>Colleagues </li></ul><ul><li>Support agents </li></ul><ul><li>Own capital </li></ul><ul><li>Bridging development period </li></ul><ul><li>Financing investments - Venture Capital - Loans </li></ul>Knowledge Office space Organisational support Strategic Coach Access to: Soft loans Participation Venture capital Introductions Brokerage VLT CONCEPT Entrepreneur, team and Enterprise Coaching, Training, Team building & Courses Scope: from idea to Strategy Social Network- Contacts Skills: Patterns of Organisation Scale: Economy Financial means
  10. 10. Key success factor for value creation .. focus on personal skills & team skills VALUE CREATION VLT CONCEPT Opportunity recognition Opportunity preparation Opportunity exploitation CTO/COO Culture Capital CFO Economic Capital CEO Strategic Capital CMO Social Capital
  11. 11. Value Creation model of VLT VLT CONCEPT YOUR VALUE YOUR IDEA VLT support
  12. 12. VLT.. Value creation support Unique and integral approach Coach M T/O € S Free office space Personal skills Team builiding Networks TRAINING S = Strategy M = Marketing T = Technology O = Operations € = Finance GROUPS Synergy groups Business model Business plan ‘ Investor readiness’ Access Market Research ‘ Reuters and Business Insights’ UT Librairy Capital Banks, BA’s, VC’s Customers
  13. 13. Coaching & guidance key for success .. linking theory and practice Internal (Personal) Development External (Business) Development coaching guiding VLT CONCEPT Concrete, touchable Support Soft, tailormade Support
  14. 14. VLT: virtual organisation .. entrepreneurial environment <ul><li>Small project staff </li></ul><ul><li>… and a large network </li></ul><ul><li>>35 trainers (UT, TSM, expert organisations, international professors) </li></ul><ul><li>>35 experienced business coaches </li></ul><ul><li>>10 expert coaches </li></ul><ul><ul><li>Laywers, patent attorneys, accountants, investors </li></ul></ul><ul><li>75 business panel members </li></ul><ul><ul><li>Alumni networks en professional organisations </li></ul></ul><ul><li>Banks, 4 informal investor networks, 60 VC’s </li></ul><ul><li>Research Institutes and Universities </li></ul>This project is made possible by contributions of the European Union and the Province of Overijssel
  15. 15. Group 1: 19 entrepreneurs (17 companies) - May 2009 Group 2: 24 entrepreneurs (20 companies) - October 2009 Group 3: 20 entrepreneurs - January 2010 - Group 4: 19 entrepreneurs - April 2010 Group 5: 28 entrepreneurs - September 2010 Group 6: 10 entrepreneurs - November 2010 Group 7: 19 entrepreneurs - February 2011 Group 8: 26 entrepreneurs – May 2011 Group 9: To start on October 13 Proof of concept Proof of concept
  16. 16. Origin of participants
  17. 17. <ul><li>Synthetic seeds </li></ul><ul><li>Solar energy </li></ul><ul><li>Insulation/Cooling </li></ul><ul><li>Simultaneous multi-language translations </li></ul><ul><li>Aviation and Bio fuel </li></ul><ul><li>3-D printing </li></ul><ul><li>E-commerce (internet platforms) </li></ul><ul><li>Remote sensoring/measurement </li></ul><ul><li>Energy information systems </li></ul><ul><li>Identity management </li></ul><ul><li>Smart materials </li></ul><ul><li>Laser technology </li></ul><ul><li>Rontgen diffraction </li></ul><ul><li>Water treatment </li></ul><ul><li>Battery technology </li></ul><ul><li>Meat recovery </li></ul><ul><li>Tracking & Tracing </li></ul><ul><li>Climate systems </li></ul><ul><li>Drug delivery system </li></ul><ul><li>Social media </li></ul><ul><li>Machine maintenance </li></ul><ul><li>High Tech detectors </li></ul><ul><li>Video mapping </li></ul>Different technologies
  18. 18. Technology clusters
  19. 19. Achievements in 2010 <ul><li>VNO-NCW Price for VLT: € 22.650 </li></ul><ul><li>Price money used for travel grant for internatio-nal business trips for VLT participants (€500 pp) </li></ul><ul><li>International Soft Landing designation </li></ul><ul><li>28 participants received “TOP-loan” of UT </li></ul><ul><li>2 VLT participants in SME top 50 of most innovative companies </li></ul><ul><li>4 out of 7 finalists of the Young Technology Award participate in VLT </li></ul><ul><li>Regional, national and international promotion of VLT participants …. free publicity </li></ul><ul><li>Foundation Rapid Manufacturing Center </li></ul>
  20. 20. VLT has international recognition ‘ Soft Landings Designation’ Soft Landings network met OOST NV en BTC Soft Landers from USA, Russia and India
  21. 21. Can you learn to become an entrepreneur? <ul><li>No, it is in your genes! </li></ul><ul><li>but you can .. </li></ul><ul><li>Improve business model </li></ul><ul><li>Learn what was unknown to you </li></ul><ul><li>Get answers to questions you didn’t ask </li></ul><ul><li>Meet people you weren’t looking for </li></ul><ul><li>Improve skills and find collegues </li></ul><ul><li> ACHIEVE MORE WITH LESS </li></ul><ul><li>“ Dynamic Entrepreneurial Environment ” </li></ul>VLT for YOU! Summary
  22. 22. Planning <ul><li>Open training 8-9 September 2011 </li></ul><ul><li>Start next group: 13-14 October 2011 </li></ul><ul><li>Duration: 1 year </li></ul><ul><li>Training every Friday </li></ul><ul><li>Community day on Thursday </li></ul><ul><li>Monthly Venture Classes </li></ul><ul><li>Four monthly business panels </li></ul><ul><li>2-weekly coaching </li></ul><ul><li>Coaching sessions with experts </li></ul><ul><li>Fulltime availability of own office </li></ul><ul><li>facilities at The Corridor </li></ul>VLT for YOU! Planning
  23. 23. Venturelab Office facilities in The Corridor The Corridor Nikos Faculty club VLT Future location VentureLab
  24. 24. Participation fee <ul><li>Total costs: € 30,000 per participant </li></ul><ul><li>Participation fee: </li></ul><ul><li>Enrollment fee of € 3,000 </li></ul><ul><li>Promotors: </li></ul><ul><li>Subsidy of € 27,000 : EU, Province of Overijssel, Twente region, Saxion University, University of Twente (Nikos) </li></ul>
  25. 25. Participants contribution to research <ul><li>Participants profile at intake </li></ul><ul><li>Weekly diary (5 minutes) </li></ul><ul><li>4-Monthly monitor </li></ul><ul><li>4-Monthly Business panel presentation </li></ul><ul><li>Exit interview </li></ul><ul><li>Annual monitor afterwards </li></ul>This project is made possible by contributions of the European Union and the Province of Overijssel VLT for economy
  26. 26. <ul><li>Fill out application form via website </li></ul><ul><ul><li>Include motivation letter and cv </li></ul></ul><ul><li>Intake meeting with VLT representants </li></ul><ul><ul><li>Complete tests directly after intake </li></ul></ul><ul><li>Decision on participation </li></ul><ul><li>Sign participation agreement </li></ul><ul><li>Obligation to live and/or settle company (partly) in Overijssel/Gelderland </li></ul><ul><li>Enrollment </li></ul><ul><li>- 13-14 October 2011 </li></ul>How to apply? NEXT STEPS
  27. 27. Questions & Answers <ul><li>Contact </li></ul><ul><li>[email_address] </li></ul><ul><li>Personal contact after this presentation </li></ul><ul><li> </li></ul><ul><ul><li>For more information and registration </li></ul></ul>