Thomas Nastas, president of Innovative Ventures Inc., gave a presentation on scaling up innovation in Russia. He discussed both successes and challenges in the Russian market. Nastas proposed a go-forward plan with action items for entrepreneurs/SMEs and government policy makers to accelerate venture capital funding. The plan included establishing funds for proof of concept testing and mini-grants, inventorying and publishing Russian technologies, and organizing R&D and supply chain competitions.
Bridging the Valley of Death, Nastas Presentation at World Bank & IFCThomas Nastas
This presentation discusses issues and initiatives to overcome the Valley of Death in the emerging markets. For staff in development finance institutions like the World Bank, IFC, African, Asian & Inter-American Develpment Banks, NGOs, Governments & investors investing in the emerging countries/regions of Africa, Asia, CEE, CIS & Latin America.
Bridging the Valley of Death, Nastas Presentation at World Bank & IFCThomas Nastas
This presentation discusses issues and initiatives to overcome the Valley of Death in the emerging markets. For staff in development finance institutions like the World Bank, IFC, African, Asian & Inter-American Develpment Banks, NGOs, Governments & investors investing in the emerging countries/regions of Africa, Asia, CEE, CIS & Latin America.
Presentation at Youth (Sub)cultures in Changing Societies Conference, Centre for Lifestyles Studies, Institute for International and Social Studies, Tallinn University, Tallinn, Estonia, 2-4 February 2011 made by Eugen Glavan.
Abstract
The city of Bologna (Italy) is known for the left wing political options of inhabitants and for the one of the lowest child birth rates in a Europe city. Those aspects, combined with the fact that the city has the largest university in Europe in terms of numbers of students, shapes the local youth culture in a particular way. The paper investigates the visual manner in which young inhabitants of Bologna express themselves in an attempt to identify the characteristics of their public voice. Using the methods of visual sociology, I analyze the graffiti in terms of locations and content trying to explain the process of socialization in a stable and prosperous society.
This course is suitable for anyone who is involved in process hazards, risk quantification and preparation of 360 degrees, holistic, ISO 31000 compliant Risk Assessment for business, operations, projects.
The methodologies introduced in this course will greatly benefit money lenders, insurers in addition to corporate managers, upper management.
You should attend if you:
Want to do your best to ensure your business survival by proactively managing risks and crises.
Want to ensure healthy coverage (as an insurance, as an insured) and money lending (as a debtor, as a lender).
Want to be able to understand how the situation around and inside your company evolve and want to make sure you take advantage of the opportunities that arise.
Care about your workers, people, society and understand that it is important to leave a legacy that is better than the one you received.
Capitalize on the expert knowledge to gain maximum value on these vital issues:
IDENTIFY the risks that really matter and have the potential to disrupt your business
CONVINCE money lenders that your business will be sustainable in a world of shrinking credits
DISCOVER the issues that could lead to crises possibly hampering your growth
PINPOINT the threat that is lurking in any commercial contract, ready to bite you
EXAMINE what can you do if your insurance denies your next coverage
ANALYZE how can you best support the next critical decision in a transparent, rational way
EVALUATE what you can do by yourself and what should be done by a risk consultant; as well as REALIZE what you can ask from a risk consultant and what he should deliver
GENERATE value and proactively defend your business by understanding your business risk and crisis landscape.
Prof William Kosar: Letters of Credit as a Payment MethodWilliam Kosar
This is the 2nd lesson from a 5 day course on Letters of Credit (in English and Arabic) taught to Iraqi Private Commercial Bankers both at the Banking and Finance Academy in Erbil as well as the Banking Studies Center of the Central Bank of Iraq in Baghdad. .
Presentation at Youth (Sub)cultures in Changing Societies Conference, Centre for Lifestyles Studies, Institute for International and Social Studies, Tallinn University, Tallinn, Estonia, 2-4 February 2011 made by Eugen Glavan.
Abstract
The city of Bologna (Italy) is known for the left wing political options of inhabitants and for the one of the lowest child birth rates in a Europe city. Those aspects, combined with the fact that the city has the largest university in Europe in terms of numbers of students, shapes the local youth culture in a particular way. The paper investigates the visual manner in which young inhabitants of Bologna express themselves in an attempt to identify the characteristics of their public voice. Using the methods of visual sociology, I analyze the graffiti in terms of locations and content trying to explain the process of socialization in a stable and prosperous society.
This course is suitable for anyone who is involved in process hazards, risk quantification and preparation of 360 degrees, holistic, ISO 31000 compliant Risk Assessment for business, operations, projects.
The methodologies introduced in this course will greatly benefit money lenders, insurers in addition to corporate managers, upper management.
You should attend if you:
Want to do your best to ensure your business survival by proactively managing risks and crises.
Want to ensure healthy coverage (as an insurance, as an insured) and money lending (as a debtor, as a lender).
Want to be able to understand how the situation around and inside your company evolve and want to make sure you take advantage of the opportunities that arise.
Care about your workers, people, society and understand that it is important to leave a legacy that is better than the one you received.
Capitalize on the expert knowledge to gain maximum value on these vital issues:
IDENTIFY the risks that really matter and have the potential to disrupt your business
CONVINCE money lenders that your business will be sustainable in a world of shrinking credits
DISCOVER the issues that could lead to crises possibly hampering your growth
PINPOINT the threat that is lurking in any commercial contract, ready to bite you
EXAMINE what can you do if your insurance denies your next coverage
ANALYZE how can you best support the next critical decision in a transparent, rational way
EVALUATE what you can do by yourself and what should be done by a risk consultant; as well as REALIZE what you can ask from a risk consultant and what he should deliver
GENERATE value and proactively defend your business by understanding your business risk and crisis landscape.
Prof William Kosar: Letters of Credit as a Payment MethodWilliam Kosar
This is the 2nd lesson from a 5 day course on Letters of Credit (in English and Arabic) taught to Iraqi Private Commercial Bankers both at the Banking and Finance Academy in Erbil as well as the Banking Studies Center of the Central Bank of Iraq in Baghdad. .
Financing Innovation in Croatia: By Tom NastasThomas Nastas
Financing Innovation in Croatia, presentation to build on science & technology initiative for creation of an angel, seed & early stage venture capital fund in Croatia
Ivi master class path to commercialization for csu exec ed mba in kazanThomas Nastas
Russia made $ billions of investment in incubators, technoparks, accelerators, venture funds and countless other projects to diversify its economy, generate more technology, innovation and investment, with the Russian Venture Company & Rusnano taking the leadership role. With these assets in place, how do we leverage them to do more, faster?
Obstacles still remain that impede the success of these initiatives & the ability of start-ups and SME business models to do more, faster. Until we attack these issues, progress in attaining more innovation, investment, entrepreneurship & new business is slowed unnecessarily; since these barriers are what impede modernization, let’s attack these issues head-on or circumvent around them to ‘Scale-Up.’
Path to Commercialization, Nastas Presentation to Winner of Grant CompetitionThomas Nastas
This is my presenation to the participants in the competition, to receive grants for technology development, proof-of-concept & commercialization financing in Kazakhstan.
Grant Awards, Kazakhstan, Tech Commercialization ProjectThomas Nastas
This presentation shows the results of the 1st competition, to award innovative science & tech projects with grants to advance technology thru proof-of-concept to 1st customer sale
Discover Palmer, Puerto Rico, through an immersive cultural tour that unveils its rich history and vibrant traditions. Experience lively festivals, savor authentic cuisine, and explore local markets. Visit historical landmarks, museums, and stunning colonial architecture. Engage with friendly locals, enjoy live music, and hike scenic nature trails, all while participating in cultural workshops and discovering unique artisan crafts.
Antarctica- Icy wilderness of extremes and wondertahreemzahra82
In this presentation, we delve into the captivating realm of Antarctica, Earth's southernmost continent. This icy wilderness stands as a testament to extremes, with record-breaking cold temperatures and vast expanses of pristine ice. Antarctica's landscape is dominated by towering glaciers, colossal icebergs, and expansive ice shelves. Yet, amidst this frozen expanse, a rich tapestry of unique wildlife thrives, including penguins, seals, and seabirds, all finely attuned to survive in this harsh environment. Beyond its natural wonders, Antarctica also serves as a vital hub for scientific exploration, providing invaluable insights into climate change and the Earth's history
During the coldest months, Italy transforms into a winter wonderland, providing visitors with a very unique experience. From the Settimana Bianca ski event to the lively Carnevale celebrations, Italy's winter festivities provide something for everyone. Enjoy hot cocoa, eat hearty comfort foods, and buy during winter deals. Explore the country's rich cultural past by participating in Settimana Bianca, and Carnevale, sipping hot chocolate, shopping during winter deals, and indulging in winter comfort foods. Visit our website https://timeforsicily.com/ for more information.
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The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
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IVI Presentation at UNECE Conference, May 2008
1. Scaling Up Innovation in Russia
UNECE Conference:
Moscow Russia, 23 May 2008
Innovative Ventures Inc.
Haslett, MI. USA
Moscow, Russia
Thomas Nastas
President
Tom@IVIpe.com
www.IVIpe.com
23 May 2008 www.IVIpe.com
Info@IVIpe.com
2. Today’s Message
Part I
What’s Happening in the Market?
The Good & the Bad
Part II
GoForward Plan to Accelerate $$
For Entrepreneurs/SMEs
For Gov’t Policy Makers
23 May 2008 www.IVIpe.com
Info@IVIpe.com
3. IVI History-Direct Invest &
Advisory
Canada (1992)
Europe (1992/94)
C$100MM-Canadian
TP Fund, $10MM-
Bus. Dev. Bank
EU, $-Financière
St Dominique,
Paris
USA (1986)
Russia (1997)
The Michigan Product
HP LP, $30MM-EBRD &
Dev. Fund ($5MM)
USAID
Africa (1993/96)
E. Africa $5MM, Sub-
Saharan, $200MM, South
Africa,$30MM, IFC/WB
23 May 2008 www.IVIpe.com
Info@IVIpe.com
4. About Me
• Founder of IVI,1986. In
Russia since 1997
• Moscow Bank, Member,
Board of Directors, 2007
• Independent Directors Ass.
Member, Board of Directors,
2008
• Moscow MBA Program, Prof
of VC & Marketing, 2001
• Moscow, MBA Advising, 2001
23 May 2008 www.IVIpe.com
Info@IVIpe.com
5. Part I: What’s Happening in
the Market?
The Good & the Bad
23 May 2008 www.IVIpe.com
Info@IVIpe.com
6. Successes in the Market
Since 2001
PBC Lasers
& Wostec
Multinationals w/R&D Labs in Russia
23 May 2008 www.IVIpe.com
Info@IVIpe.com
7. Some Clouds Too: Learning
Curve Lessons
Optiva ($49M) liquidates:
Nanotech's 1st big flame-out
Startup doctors ease portfolio
pain-Trustworks ($23M)
Cybiko Ceases
Operations
Not Seeing Entrepreneurial SME Creation
from MNC R&D Labs
Multinationals w/R&D Labs in Russia
23 May 2008 www.IVIpe.com
Info@IVIpe.com
8. Realities of VC in Russia
High Rejection Rates of Russian Tech:
Undeveloped Opportunity
Lack of Uniqueness/Competitive Advantage in
Performance (Customer Benefits)
Too much $$$, too much time & too little reward
(Alternative Invest Opts & Foreign Competition)
Lack of People (mgt/employees) & Transparency
Lack of IP/Uncertainty of IP
What to do with the SMEs that are rejected?
Ignore? Sympathize? Seek New Solutions?
23 May 2008 www.IVIpe.com
Info@IVIpe.com
11. Realities of VC Investment
Ex: Global Spend in Clean Tech
(2006)
• Corporate R&D Investment = $22 billion
• Government R&D Investment = $24 Billion
• VC Investment in R&D = $2 Billion
Same Pattern Repeated in Most Industries:
VCs Fund Commercialization, not Tech Dev.
23 May 2008 www.IVIpe.com
Info@IVIpe.com
12. Reasons Why
Probability
Components of SME Success
80%
Company has enough $$
80%
Mgt Capable & Focused
80%
PD Successful
80%
Mfging Successful
80%
Competitors Behave as Expected
80%
Customers Want Product
80%
Pricing is Correct
80%
IP Issued
17%
Combined Probability of Success
Success Rate <10% if Probability of One Event falls
from 80% to 50%
23 May 2008 www.IVIpe.com
Info@IVIpe.com
13. Part II: GoForward Plan to
Accelerating VC $$
For Entrepreneurs/SMEs
23 May 2008 www.IVIpe.com
Info@IVIpe.com
14. Action Item #1 for
Entrepreneurs/SMEs
1. Invest in Tech for Domestic Mkt
Link w/Corporates: User Pull, Testing,
Deployment & Commercialization
Solve Tech & Supply Chain Needs
Don’t Worry about Small Volumes
Build Locally, Upgrade Later for National &
Int’l Expansion
23 May 2008 www.IVIpe.com
Info@IVIpe.com
17. Examples of Domestic Growth
$570Bln for
Transportation Overhaul
21 May 2008 Combined
Reports
Ford Will Build 2nd Plant in Russia:
Ford European VP Jim Tetreault
23 May 2008 www.IVIpe.com
Info@IVIpe.com
18. Where’s the Customer Pain
(Need) in the Industry?
1. MORE Perf, Execution & Cost Reduction
Not GameChangers; blocking/tackling tech so
customers meet business plan
2. MORE Local Content
More Value-added Tech
Tech Sold to Multiple Customers
Generate Supplier Sustainability thru Multiple
Products/Services
3. What Else?
23 May 2008 www.IVIpe.com
Info@IVIpe.com
19. Domestic Opts to Build Bio-
Tech Supply Chain in Russia
Research, Testing, &
Agricultural Medical Devices
Drugs & Hospitals
Medical Labs
Feedstock/Chemicals Pharmaceuticals & Equipment
Agricultural Medicinal & Laboratory Specialty Biological
processing botanicals apparatus & hospitals research
furniture
Basic organic Pharma- University Commercial
chemicals ceutical Surgical, medical medical
preparations medical, dental, research research
Ethyl alcohol
ophthalmic hospitals
mfg. Diagnostic Testing
& analytical
substances Clinical laboratories
Organic fiber instruments &
research
mfg. equipment
Biological Medical
institutions
products laboratories &
Fertilizers Irradiation
diagnostic
apparatus &
Pesticides and imaging
electromedical
other agricultural
centers
chemicals equipment
Product-Oriented www.IVIpe.com Service-Oriented
23 May 2008
Info@IVIpe.com
20. Action Item #2 for
Entrepreneurs/SMEs
2. Benchmark Your Tech to Competitors
& Alternative
Often & Early
Define Strengths & Weaknesses
Test Under Different Operating &
Customer Conditions
Invest to Overcome Deficiencies
23 May 2008 www.IVIpe.com
Info@IVIpe.com
21. Part II: GoForward Plan to
Accelerating $$
For Gov’t Policy Makers
23 May 2008 www.IVIpe.com
Info@IVIpe.com
22. GoForward Plan: Action Item
#1 for Gov’t Policy Makers
1. Create ‘ Tech Proof of Concept’ Fund
Transform ideas = deals
Generate data to confirm performance,
show weaknesses vs. competition &
alternatives.
Benchmark to int’l standards
23 May 2008 www.IVIpe.com
Info@IVIpe.com
23. Chubais Opens Landmark Power Unit
But industry players are skeptical about the
efficiency and modernity of the Russian-made
turbines.
23 May 2008 www.IVIpe.com
Info@IVIpe.com
24. GoForward Plan: Action Item
#2 for Gov’t Policy Makers
2. Capitalize a ‘Mini-Grant’ Program
Define biz opts for a technology
Cost is US$3,000-US$10,000/technology
Not a biz plan, but 3-4 page document on
tech’s potential
23 May 2008 www.IVIpe.com
Info@IVIpe.com
25. GoForward Plan: Action Item
#3 for Gov’t Policy Makers
3.Create an IP Fund
Fund costs of Filing IP, especially Int’l
Pay-back as a Royalty on Sales
Funded by Russian Gov’t Initiative/PPP
23 May 2008 www.IVIpe.com
Info@IVIpe.com
26. GoForward Plan: Action Item
#4 for Gov’t Policy Makers
4. Inventory Your Tech & Publish as a
Database on the Internet
Org by tech, product & mkt
Benefits by cost & performance
Stage of dev., R&D, PD, Testing,
Plan w/Timetable, milestones,
budgets
IP issued/filed & competing IP
23 May 2008 www.IVIpe.com
Info@IVIpe.com
27. GoForward Plan: Action Item
#5 for Gov’t Policy Makers
5. Establish a Biz Dev Office
Scouts for Opts in SMEs & Institutes
Develops projects for ‘Mini-Grant’ & ‘Proof of
Concept’ Funds
Promote to Customers
Keeps the Team Focused. Align Interests
Sell Data or Provide Answers?
Incentives: Cash/Salary or Equity?
Transparent or Opaque? Responsive or Egocentric?
23 May 2008 www.IVIpe.com
Info@IVIpe.com
28. GoForward Plan: Action Item
#6 for Gov’t Policy Makers
6. Organize R&D & Supply Chain
Competitions for Users of Tech
Go After Corporates & Corporate Investors
vs. Financial Investors
Interaction between R&D developers &
Corporations & Corporate VC
Corporations fund R&D, guide development
& access opts in the supply chain
Lower dev risk & get to market quickly
Establish Industry Consortiums
23 May 2008 www.IVIpe.com
Info@IVIpe.com
29. Technology In Many Places!
Just Look & Define
Slaughter Raising Genetic Engineering
& Breeding
Butcher
Distribution, Storage & Retail Locations
Processing- Ham, Kielbasa
Delivery
23 May 2008 www.IVIpe.com
Info@IVIpe.com
31. Thomas D. Nastas
Tom@IVIpe.com
www.IVIpe.com
Tel. 7.985.923.47.27
Innovative Ventures Inc. Moscow, Russia
Haslett, MI USA
23 May 2008 www.IVIpe.com
Info@IVIpe.com
33. What’s Working Against Early
Stage Tech & VC in Russia
Plenty of $: It’s Competition:
Domestic Growth, FMCGs, F&B, Retailing,
Financial Services, Media, etc.
Keeps Entrepreneurs in Non-Tech
From Other Asset Classes w/Quicker & >
Profits, e.g., Stocks & Real Estate
From Israel, Ireland, USA, etc., with Good
Deals, Technologies, Entrepreneurs &
Successes
23 May 2008 www.IVIpe.com
Info@IVIpe.com
34. Best Practices
Factors of Best Practice
Success
Engaged Institutes engaged in econ dev
Institutes with & committed to tech transfer
Active
Have mechanism for tech
Leadership
commercialization
23 May 2008 www.IVIpe.com
Info@IVIpe.com
35. Best Practices
Factors of Best Practice
Success
Capital is Programs for
Available commercialization, pre-seed, &
seed financing gaps (help
establish & build SMEs)
Active informal angel networks
Investors include private & and
public entities
23 May 2008 www.IVIpe.com
Info@IVIpe.com
36. Best Practices
Factors of Best Practice
Success
Discretionary Receive significant federal
R&D Funding funding
Centers serve as anchors for a
region’s bioscience base
23 May 2008 www.IVIpe.com
Info@IVIpe.com
37. Best Practices
Factors of Best Practice
Success
Talent Pool Talent is the #1 the variable
to build comparative advantage
Educational institutions
responsive to training students
to meet the needs for workers
at all skill levels, e.g.,
scientists, technicians, &
production workers
23 May 2008 www.IVIpe.com
Info@IVIpe.com
38. Best Practices
Factors of Best Practice
Success
Specialized Leading bioscience regions
Facilities and have private markets that
Equipment provide facilities for bioscience
SMEs
Specialized bioscience
incubators and research parks
are a growing trend
Access to specialized facilities
and equipment
23 May 2008 www.IVIpe.com
Info@IVIpe.com
39. Best Practices
Factors of Best Practice States/Regions
Success
Patience and Building a critical mass takes
Long-term years or even decades
Perspective
Early technology pioneers took
25 years, now 12 to 14 years to
mature
23 May 2008 www.IVIpe.com
Info@IVIpe.com