2014 October general SETsquared introduction
•Download as PPTX, PDF•
1 like•230 views
An introduction to the Bristol SETsquared Centre - what we do and how we work. Also a brief introduction to Engine Shed, the home of Bristol SETsquared.
Recommended
More Related Content
What's hot
Similar to 2014 October general SETsquared introduction
Similar to 2014 October general SETsquared introduction (20)
Recently uploaded
Recently uploaded (20)
2014 October general SETsquared introduction
- 1. The Bristol SETsquared Centre Business Acceleration UKBI ‘Established Incubator of the Year’ 2008 UKBI ‘Outstanding Contribution to Business Incubation’ 2012 UKBI ‘Best designed Business Incubator’ 2013 UBI Index ‘4th best university incubator in the world, best in Europe’ 2013 UBI Index ‘2nd best university incubator in the world, best in Europe’ 2014 The Safest Place to Grow your Business
- 2. The SETsquared Partnership • Research Commercialisation • Student enterprise • Business Incubation The Safest Place to Grow your Business
- 3. SETsquared Membership • Criteria for entry – High-technology – Potential for high growth – We can add value – No requirement for any university engagement – prior or post application • Characteristics – Predominantly B2B, ICT (hardware & software) – More likely to be aged >40 than <30 The Safest Place to Grow your Business
- 4. Improving the prospects of success Company Value (££) Pre-incubation The Safest Place to Grow your Business Time Pre- Incubation incubation Grow-on Alumni Virtual
- 5. The spectrum of business incubation Accelerator The Safest Place to Grow your Business ££ Interventions with space Space with interventions Space plus events & network Space plus paid-for services Sector-specific space Managed Workspace Serviced Offices
- 6. Foundation Stones for a Successful Business Coaching IR Team Product Customer The Safest Place to Grow your Business Funding Mentoring Training Networks Networks Networks Investor showcases Access to Universities Coaching Key Toolkit components Regular Workshop Occasional Workshop Accounts Surgery IP Surgery Consolidated Accounts & dashboards Sales Processes Negotiation skills Effective Board Developing Strategies Grant Schemes IP Strategy R&D Tax Credits Legal Surgery International negotiation skills Hi-performance Teams Remuneration Employment law Exit Planning H&S Financial resourcing Sales Strategies
- 7. Business Acceleration Application Evaluation Accept Business Accleration Review Panel Reject Reject Graduate Mentoring Signposting Workshops The Safest Place to Grow your Business Hands on Support Investment Readiness Seminars Access to Universities Networks Investment Showcases Community Member Promotion Partner Support
- 8. SETsquared Track Record • SETsquared (Bristol) has been accelerating companies for 12 years – 175+ companies supported to date – c750 jobs created – most in the last 3 years • Most in UK – 65 current members – £123m turnover of member companies (2007-2014) – £158m invested into companies (2007-2014) The Safest Place to Grow your Business
- 9. Some SETsquared Companies The Safest Place to Grow your Business Joined the PM on the mission to the Far East, 2012
- 10. Bristol Centre Success – 2007+ Company Acceptance since Accepted 41% Rejected 59% 2007 40 35 30 25 20 15 10 5 The Safest Place to Grow your Business Output mode of supported companies since 2007 Graduated - Growing Graduated - Lifestyle Controlled Stop Current members Bust Exit 18% 16% 24% 2% 7% 33% 'Exit' includes 3 companies whose IP and/or team have been acquired following administration - 2007 2008 2009 2010 2011 2012 2013 2014 £m Despite a poor investment climate, our members still raise money Funding raised Turnover
- 11. Bristol Membership Analysis Photonics Members since 2007, by sector The Safest Place to Grow your Business Biomedical 8% Electronics 15% IT Hardware 3% Microelectronics 23% Mobile 4% Software 23% web 20% 1% Robotics 1% Cyber 1% Science 1%
- 12. Location The Safest Place to Grow your Business
- 13. The Safest Place to Grow your Business
- 14. The Engine Shed – mixing it up The Safest Place to Grow your Business
- 15. What is Engine Shed • An incubator of incubators (3,000 sq. m): – The Bristol SETsquared Centre (high-tech startups) – WebStart Bristol (equity-based web incubator) – Invest Bristol&Bath (inward investment service for the city region) – LEP office – Local Enterprise Partnership (public-private vehicle tasked by Govt to deliver 90,000 jobs in 25yrs in 1.1m population) – Business Lounge (membership only) – DigiCity (co-working: rent a desk by the day/week/month) – Meeting rooms and function space – “Platform 14” – a public innovation showcase • A collaboration between Bristol City Council & The University of Bristol • Building on iconic heritage – in the World’s oldest surviving purpose built railway station • Planning for further 6,000 sq. m by 2016 The Safest Place to Grow your Business
- 16. SETsquared Accelerates Technology Businesses SETsquared has 12yrs experience. We have learnt from 1000 start-ups. We know what is needed. We are working hard to create the perfect growth environment within the West of England. Talk / support / apply / consult: Nick.Sturge@SETsquared.co.uk +44 117 903 1100 +44 7973 361179 Engine Shed, Station Approach, Temple Meads, Bristol, BS1 6UB, UK Twitter: @SETsquared_Br www.SETsquared.co.uk The Safest Place to Grow your Business
Editor's Notes
- The SETsquared Partnership is a collaboration of the Enterprise functions of the four biggest research-led Universities in Southern England. SETsquared Business Acceleration is a stream within that Partnership and operates Business Acceleration Centres in Bath, Bristol, Guildford, Swindon and Southampton. In Bristol, we operate out of the Research & Enterprise Development division (“RED”) of the University of Bristol.
- By adding value at the very early stage of a technology company – the pre-incubation stage – we aim to give a venture the best chance of high-growth. Our pre-incubation process helps identify the viability, strategy and funding requirements of a business. Incubation follows on from pre-incubation, and helps deliver the strategy, the funding, the team and sets the company on the right path for success. Some early stage ventures will not make it. Pre-incubation helps the entrepreneur identify how likely success is, to understand the risks, the challenges and the timeframe for success. If it is right for the venture nor to see the light of day, we will help the entrepreneur come to that conclusion.