THURSDAY APRIL 7TH 2011 : INNOVATION AND BUSINESS INCUBATION A debate via video-conference between Leuven and Stanford/Silicon Valley
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This document discusses regional innovation dynamics and the role of universities in supporting entrepreneurship. It identifies four key success factors for regional innovation: 1) network effects 2) a supportive environment 3) heterogeneity and 4) an entrepreneurial culture. The document also discusses how universities can think along with entrepreneurs by incubating startups and supporting experimentation with different business models to help ventures adapt to uncertainty.
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THURSDAY APRIL 7TH 2011 : INNOVATION AND BUSINESS INCUBATION A debate via video-conference between Leuven and Stanford/Silicon Valley
- 1. Setting the scene on entrepreneurship {universities “thinking along” with entrepreneurs} Insights and Mechanisms Koenraad Debackere K.U.Leuven Monday 11 April 2011
- 2. I. DYNAMIC REGIONS OF INNOVATION Monday 11 April 2011
- 3. WHAT INFLUENCES REGIONAL INNOVATION DYNAMICS? 4 success factors: 1. NETWORK EFFECTS 2. SUPPORTIVE ENVIRONMENT 3. HETEROGENEITY 4. ENTREPRENEURIAL CULTURE Monday 11 April 2011
- 4. 1. NETWORK EFFECTS ... Monday 11 April 2011
- 5. 2. SUPPORTIVE ENVIRONMENT ... Centre for Drug CD D Design and Discovery Monday 11 April 2011 D
- 6. 3. HETEROGENEITY ... NASHVILLE, TN BAY AREA Monday 11 April 2011
- 7. 4. ENTREPRENEURIAL CULTURE ... AMBITION LEADING FAILING TEAM VISION MONEY TRUST FRIENDS ANALYSIS PERSISTENCE DARING LEARNING Monday 11 April 2011
- 8. II. ACADEMIC COMMITMENT ... Monday 11 April 2011
- 9. ACADEMIA THINKING ALONG WITH ENTREPRENEURS … 95 companies end 2010 Monday 11 April 2011
- 10. A NETWORKED INCUBATOR … Associatie UZLeuven F K.U.LEUVEN I N R A W LRD E O N Science G R C L GFF Parks I I O A D N L Leuven.Inc INDUSTRY Monday 11 April 2011
- 11. III. FOCUS VS EXPERIMENTATION … Monday 11 April 2011
- 12. THE NEED FOR BUSINESS MODEL ADAPTATION … Enablers • Personality traits Adaptation Performance • Organizational resources & capabilities Moderators Monday 11 April 2011
- 13. THE NEED FOR BUSINESS MODEL ADAPTATION … Monday 11 April 2011
- 14. THE NEED FOR BUSINESS MODEL ADAPTATION … • Technology-based ventures in emerging industries are successively confronted with varying degrees of uncertainty/ ambiguity • Successful ventures adapt their business model: Adaptation in itself is not sufficient for survival, but it intervenes with survival • They use various adaptation modes: experimentation with related business models experimentation with unrelated business models early commitment • Experimentation (=INCUBATION) turns out to be more beneficial than early commitment in the presence of many “unknown unknowns.” This requires TO THINK ALONG with the entrepreneurial team. Monday 11 April 2011
- 15. IV. AND NOW THE DEBATE … Monday 11 April 2011