MtB Boot Camp 2011_Open Forum 22 settembre


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MtB Boot Camp 2011_Open Forum 22 settembre

  1. 1. MtB BOOT CAMP 11<br />Mind the Bridge Boot Camp 2011Open Forum<br />Milan, Sep 22nd<br />ALBERTO ONETTI Chairman, Mind the Bridge Foundation<br />With the support of:<br />
  2. 2. AGENDA<br />MtB BOOT CAMP 11<br />2<br />
  3. 3. Italy: where are we?<br />MtB BOOT CAMP 11<br />Real GDP Growth<br />Public Debt<br />Source: CrESIT 2011<br />3<br />
  4. 4. MtB BOOT CAMP 11<br />Italy: how did we get there?<br /><ul><li>We have just a few large companies
  5. 5. SMEs are 98% of the total
  6. 6. We are mostly positioned on mature business and services
  7. 7. Services is 66% of GDP, while Manufacturing is only 17%
  8. 8. Innovative sectors play a minor role (2-6%)
  9. 9. We need a new wave of startups, operating on innovative fields</li></ul>Food<br />Wood<br />Textile<br />Metals<br />Plastic & Rubber<br />Automotive<br />Industrial Machinery<br />Chemical<br />Electronics<br />Pharma<br />Software<br />Biotech<br />ITALY: INDUSTRY CONTRIBUTION TO GDP (2010)<br />Source: CrESIT 2011<br />4<br />
  10. 10. Startups in Italy:<br />What’s the status?<br />MtB BOOT CAMP 11<br />Source: “Startups in Italy. Facts and Trends” Mind the Bridge Survey 2011<br />Source: “Startups in Italy. Facts and Trends” Mind the Bridge Survey 2011<br /><ul><li>59% are wanna-be-startups, while 41% are already incorporated
  11. 11. They are young companies (1 year old on avg.)
  12. 12. 39% originate in Northern Italy and 10% are foreign entities
  13. 13. 59% are Web-based firms, only 5% are Biotech or Life Science firms
  14. 14. The founder’s team is composed on the avg. of 2/3 people
  15. 15. Only 9% have just one founder</li></ul>5<br />
  16. 16. Italian EntrepreneursWho are you?<br />MtB BOOT CAMP 11<br />Source: “Startups in Italy. Facts and Trends” Mind the Bridge Survey 2011<br /><ul><li>He/She is 32
  17. 17. 87% is male, only 13% is female
  18. 18. 58% has a scientific/technological background, while 42% has a business/humanistic education
  19. 19. 26% holds a PhD or a MBA
  20. 20. 21% has prior entrepreneurial experience</li></ul>Source: “Startups in Italy. Facts and Trends” Mind the Bridge Survey 2011<br />6<br />
  21. 21. Lessons learned:<br />What makes a successful startup<br />MtB BOOT CAMP 11<br /><ul><li>Education matters a lot
  22. 22. 2.0 Startups are founded by highly educated people
  23. 23. Experience matters as well
  24. 24. Being a serial entrepreneur is a job
  25. 25. The right startup is never the first one you found
  26. 26. Success is a team effort
  27. 27. One-man bands do not go too far</li></ul>7<br />
  28. 28. Starting up business in Italy:key issues<br />MtB BOOT CAMP 11<br /><ul><li>A few startups often lacking high-quality business plans (deal trickle”)
  29. 29. Legal barriers to entry and exit (Italy is not a “corporate haven”)
  30. 30. Obstacles in bridging research into business
  31. 31. Lack of managerial skills
  32. 32. High mortality rates (“crisi del primo miglio”) and “Dwarfism”
  33. 33. Lack of an established venture capital community
  34. 34. Mindset
  35. 35. “for a company to really expand, it needs capital, but that means giving up at least some control. So thousands of companies here remain stubbornly small” (New York Times)
  36. 36. “Non so decidere se sono stato furbo o vigliacco, se ho fatto bene o se ho tradito” (E. Nesi)
  37. 37. No exits on the domestic market
  38. 38. Technology hot-shots aspire to sell out to new economy “leviathans”
  39. 39. Small size of the stock market and lack of large corporations doesn’t help
  40. 40. Language barriers</li></ul>8<br />
  41. 41. AGENDA<br />MtB BOOT CAMP 11<br />9<br />
  42. 42. MtB BOOT CAMP 11<br />Mind the Bridge Foundation<br />Mission:<br />to promote a new Italian entrepreneurial ecosystem that is:ethical, highly professional, internationally focused, excellence driven<br />Model:funded by foundations/companies/private sector/donorsnot government <br />partnering with the most relevant actors<br />Independent<br />Connecting Talent <br /><ul><li>bridging opportunities of the Silicon Valley with Italian talent
  43. 43. associating mentors and role models
  44. 44. professionalizing the business planning skills
  45. 45. using and building the network
  46. 46. “give back” to build a bigger pie</li></ul>10<br />
  47. 47. Building the Bridge: the Pillars<br />11<br />MtB BOOT CAMP 11<br /><ul><li>Discovering and Nurturing the Italian Talents MtB Italy Tour
  48. 48. Selecting the best of breed MtB Business Plan Competition
  49. 49. Providing training & education to the new generation of entrepreneurs MtB Bootcamp and MtB Coaching
  50. 50. Showcasing the most promising startups and opening an international debate MtB Venture Camp @ Corrieredella Sera
  51. 51. Hosting & Mentoring the most promising startups in the Silicon Valley MtB Gym
  52. 52. Pitching US investors / partners MtB Gran Finale events</li></li></ul><li>Building the Bridge:Pillars & Timeline<br />12<br />MtB BOOT CAMP 11<br />MtB US Roadshows March 2012<br />MtB GYM<br />Every Quarter<br />- MtBAffiliates- Online Signups<br />
  53. 53. MtB Italy Tour 2011<br />13<br />MtB BOOT CAMP 11<br />Goals and channels<br /><ul><li>Education</li></ul>The MtB Startup Business School gives you the “nuts and bolts” regarding entrepreneurship, business planning, venture capital market and Silicon Valley eco-system<br /><ul><li>Honest Feedback</li></ul>Thanks to the Gym session the startups selected have the opportunity to present their business idea in front of a panel of investors and entrepreneurs and to be considered for the Gym, our mentorship program in San Francisco<br /><ul><li>Fine tuning the business idea</li></ul>Everybody can largely benefit from the discussion of all the business ideas as well as the education program in the morning.<br />Firenze<br />Pavia<br />Genova<br />
  54. 54. MtB BOOT CAMP 11<br />2010 Selected Startups<br />14<br />
  55. 55. 2010 Winners<br />MtB BOOT CAMP 11<br />Barbara Labate - IID New York<br />Marco Brini - IID Stanford<br />
  56. 56. MTB Success Stories<br />16<br />MtB BOOT CAMP 11<br />September 2011<br />Second round of funding with IAG and ZernikeMeta Ventures, $ 1.1 M<br />April 2011<br />Merges with Avrio RMS Group<br />March 2011<br />Round of 300 K with ElserinoPiol e Marco Magnocavallo<br />March 2011<br />WinsSeedcampBerlin<br />March 2011<br />Wins Plug and Play International EXPO in Silicon Valley<br />December 2010<br />Sourced new CEO for U.S. operations<br />October 2010<br />Acquired by EMC <br />
  57. 57. 2011: Who are the next Italian Pioneers to Silicon Valley?<br />MtB BOOT CAMP 11<br /><ul><li>The challenge is open: who’s next?
  58. 58. Hundreds of Business Plans received
  59. 59. 29 startups selected
  60. 60. During the Bootcamp we select the short list of 15 pitching @ Corrieredella Sera
  61. 61. The Top 6/8 are admitted to MTB Gym @ Pier 38 in San Francisco</li></li></ul><li>MtB BOOT CAMP 11<br />Venture Camp 2011 <br />With the supportof<br />MIND THE BRIDGE VENTURE CAMP 11<br />Trip to Silicon Valley and Back<br />November 4° -5° <br />Corriere della Sera<br />Sala Buzzati <br />Via Balzan 3, Milano <br />November 4-5, 2011<br />Milano, Italy<br />18<br />
  62. 62. MtB BOOT CAMP 11<br />Venture Camp <br />19<br />Mind the Bridge Venture Camp is a 2-day event held each year in Milan at Corrieredella Sera (the leading Italian newspaper) to promote a healthier Italian entrepreneurial ecosystem.<br />Selected entrepreneurs present their business ideas to a large audience, including potential investors and partners. <br />Selected startups will be invited to participate in the MtB Gym, a tutoring program between Italy and the Silicon Valley.<br />With the supportof<br />MIND THE BRIDGE VENTURE CAMP 11<br />Trip to Silicon Valley and Back<br />November 4° -5° <br />Corriere della Sera<br />Sala Buzzati <br />Via Balzan 3,<br />Milano <br />
  63. 63. MtB BOOT CAMP 11<br />Venture Camp <br />20<br />With the supportof<br />Entrepreneurs + Investors + Partners<br />MIND THE BRIDGE VENTURE CAMP 11<br />Trip to Silicon Valley and Back<br />November 4° -5° <br />Corriere della Sera<br />Sala Buzzati <br />Via Balzan 3, Milano <br />November 4-5, 2011<br />Milano, Italy<br />20<br />
  64. 64. The GYM<br />21<br />MtB BOOT CAMP 11<br />Mind the Bridge Gymnasium is a startup incubator. Positioned in Pier 38 (San Francisco) we share the space with some of the hottest startups(50+) in Silicon Valley (, WordPress, Tweetme, etc.)<br />Selected Startups are assigned a Mentor, supported in Business Development activities and given Training Sessions. <br />Training Sessionsinclude: Financing, Immigration Visas, Build a team, Corporate Operations, Presentation Skills, Taxes<br />Mentors+ Training+ Office Space<br />
  65. 65. The GYM: Open Now!<br />22<br />MtB BOOT CAMP 11<br />Accelerate the startup chances of success<br /><ul><li>Hosting: office space @ Pier38 in San Francisco
  66. 66. Mentoring: assign a dedicated mentor per startup
  67. 67. Coaching: provide regular classes (training modules)</li></ul>Build critical mass of startups<br />A constant flow of startups hosted (10-15) to maximize the “educational impact”<br />Become a social hub for Italian entrepreneurship in Silicon Valley<br />Events, Mind-the-Beer, etc (social Gym)<br />Targets<br /><ul><li>Early stage startups interested in a getting plugged into the Silicon Valley
  68. 68. Italian “origin”
  69. 69. Min 3 months, average 6 months.
  70. 70. Starting at beginning of each quarter possibility to stay longer (as an affiliate startup)</li></ul>Access<br />Affiliates Channel<br />Individual Subscriptions<br />
  71. 71. MtB Startup School<br />23<br />MtB BOOT CAMP 11<br />The Program: Lessons and Hands On<br />Theoretic Learning: Lessons (20 hrs)<br /><ul><li>Introduction to the Silicon Valley ecosystem
  72. 72. Corporate Operations and Legal Aspects in Silicon Valley
  73. 73. Corporate Finance
  74. 74. Business development
  75. 75. Fund raising with investors
  76. 76. Communication skills
  77. 77. Visa issues
  78. 78. Human resources
  79. 79. ....</li></ul>Practical Learning: Visits (20 hrs) + Business Planning (50 hrs)<br /><ul><li>Google’s headquarter – Mountain View
  80. 80. Apple’s headquarter - Cupertino
  81. 81. University of California, Berkeley
  82. 82. Stanford University
  83. 83. Singularity University</li></ul>Be a Silicon Valley Startup for 3 weeks<br />
  84. 84. MtB Startup School<br />24<br />MtB BOOT CAMP 11<br />WHO CAN PARTICIPATE?<br />Students, PhD Students, <br />Wanna-be-Entrepreneurs <br />NEXT SESSIONS<br />2011<br /><ul><li> October 10th – 28th</li></ul>2012<br /><ul><li> Starting from March </li></ul>WHERE?<br />Pier 38, San Francisco<br />HOW TO APPLY?<br />Send an email to:<br />Be a Silicon Valley Startup for 3 weeks<br />
  85. 85. MtB Startup School – Past editions<br />25<br />MtB BOOT CAMP 11<br />3 editions– July, August, September..<br />20+ students…<br />… infinite opportunities<br />“In oneof the visitsto the SingularityUniversity I’ve metaninterestingguy. We’re thinkingaboutdeveloping a project togethernow”.<br />“A life-changingexperience! Loved the energyof the Valley”.<br />“The atmoshperehereisincredible, everyonelovesto help otherentrepreneurs”.<br />“It’s just incrediblehowyoueasilymeetotherentrepreneurshere, everybodyisreadytopitch in frontofyou!”.<br />“I’ve lovedlisteningto Steve Blank’s speech. He’s awesome”.<br />Be a Silicon Valley Startup for 3 weeks<br />
  86. 86. 26<br />MtB BOOT CAMP 11<br />THANK YOU FOR YOUR ATTENTION<br />BLOGS: <br />SOCIAL MEDIA: <br />Facebook: Mind the Bridge - Connecting Talent<br />Twitter: MindTheBridge<br /><br /><br />USEFULLINKS:<br />EMAILS:<br /><br /><br />