This document summarizes a presentation on transatlantic cooperation for innovation given by Richard Bendis. The presentation discusses how leading nations are responding to the global innovation imperative through high-level focus on innovation, sustained R&D support, support for SMEs, and new innovation partnerships. It emphasizes the importance of collaboration between the US and Europe to leverage their combined strengths in areas like education, research, and open markets. The presentation outlines how intermediaries can help connect players in regional innovation ecosystems and overcome challenges like funding gaps through programs and investment.
BUSINESS INCUBATION AS ELEMENT OF BUSINESS SERVICE INSTITUTION AND SME DEVEL...Vasily Ryzhonkov
The core of the political and economic transformation of any country in transition (CIT) is
the creation of the private sector, the development of entrepreneurship and creation of small and
medium-sized enterprises (SMEs). They are consideredto be one of the principal driving forces in
economic development. SMEs stimulate private ownership and entrepreneurial skills, they are
flexible and can adapt quickly to changing market demand and supply situations, they generate
employment, help diversify economic activity and make a significant contribution to exports and
trade. SMEs also play an important role in innovation and the high-tech business, due to their
flexibility and creativity many of them became large businesses. In this process emphasis should be
laid on creation of a business friendly environment in which the transformation of the society
towards a market economy should be taken place
Fundraising as Main Problem for Entrepreneur 2012Vasily Ryzhonkov
1. What is the main bottleneck in startups funding?
2. How much venture and angel capital do we have available in the world? What is the demand for it?
3. Do all early-stage entrepreneurs have sufficient access to capital?
4. Could we change situation with financing not 1% of entrepreneurs, but more? If yes, how?
These questions and many others have been answered in current presentation. Careful analysis and research of VC industry have been done to guide audience through the early-stage entrepreneurs' main problem - ACCESS to CAPITAL.
Value co creation in entrepreneurship education - case aalto universityOlli-Pekka Mutanen
Experiences from teaching: Presenting a value co-creation model comprising students, firms and university in education.
Case: Growth Entrepreneurship Education in Aalto University.
BUSINESS INCUBATION AS ELEMENT OF BUSINESS SERVICE INSTITUTION AND SME DEVEL...Vasily Ryzhonkov
The core of the political and economic transformation of any country in transition (CIT) is
the creation of the private sector, the development of entrepreneurship and creation of small and
medium-sized enterprises (SMEs). They are consideredto be one of the principal driving forces in
economic development. SMEs stimulate private ownership and entrepreneurial skills, they are
flexible and can adapt quickly to changing market demand and supply situations, they generate
employment, help diversify economic activity and make a significant contribution to exports and
trade. SMEs also play an important role in innovation and the high-tech business, due to their
flexibility and creativity many of them became large businesses. In this process emphasis should be
laid on creation of a business friendly environment in which the transformation of the society
towards a market economy should be taken place
Fundraising as Main Problem for Entrepreneur 2012Vasily Ryzhonkov
1. What is the main bottleneck in startups funding?
2. How much venture and angel capital do we have available in the world? What is the demand for it?
3. Do all early-stage entrepreneurs have sufficient access to capital?
4. Could we change situation with financing not 1% of entrepreneurs, but more? If yes, how?
These questions and many others have been answered in current presentation. Careful analysis and research of VC industry have been done to guide audience through the early-stage entrepreneurs' main problem - ACCESS to CAPITAL.
Value co creation in entrepreneurship education - case aalto universityOlli-Pekka Mutanen
Experiences from teaching: Presenting a value co-creation model comprising students, firms and university in education.
Case: Growth Entrepreneurship Education in Aalto University.
The economic development unit held a webinar January 16th on how various country offices and individuals in CARE are developing and applying private sector engagement strategies. We heard from the PSE Director at CARE Bangladesh, the PSE Coordinator at CARE Vietnam, the PSE advisor for CARE UK, and a PSE Specialist in the Asia Regional Management Unit on their experiences, successes and the challenges of developing and implementing PSE Strategies at the country and regional levels. Some key questions the presentation addressed were: How can CARE strategically engage the private sector? Should CARE target domestic or international companies? How does CARE balance the tension between raising funds and achieving impact?
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An overview of early-stage investment ecosystem in China (incubators, accelerators, new tech zones, Early stage VCs and angel investors), as well as some examples of successful French startups in China as of Q3 2015
Fostering a Startup and Innovation EcosystemTechstars
We are on a mission to make the world a more innovative and prosperous place, one community at a time.
We believe that entrepreneurs are critical to driving a strong global economy and a better world. We do our part by supporting the grassroots leaders who are at the core of every strong entrepreneurial community
Today entrepreneurship has become one of key drives for the development of all the countries in the world and it is very crucial for any economy. The objectives of achieving sustained economic and industrial development, regional growth and employment generation, life support conservation and implementing technological advancements have always depended on entrepreneurial development.
Global Startup Platform_Market Research Report_2012Vasily Ryzhonkov
Global Startup Platform. Marketing Research Report. Version 4.0.
80+ pages of analysis and research, 4 online surveys analyzed, 9 reports from BCG, Startup Genome Project, Global Entrepreneurship Monitor, Opora Report, Yandex Report, TNS Report are analyzed.
New results are found.
Market Size Estimation for Russia is calculated.
Rohit Talwar Drivers of Disruption and Opportunity - LBS Enterprise 100 - J...Rohit Talwar
Presentation to the investment community at London Business School exploring key trends, developments and ideas shaping and disrupting the business landscape and the resulting investment opportunities that could emerge and the implications for investors. The talk covers:
- The evolution of technologies in business and the workplace
- How advances such as artificial intelligence, robotics, 3D / 4D printing, smart materials, immersive technologies and the multi-sensory internet could disrupt key business sectors
- Science and technology developments that could enhance the brain , body and human wellbeing and transform healthcare
- New business models that will change the way we finance assets and infrastructure, fund innovation and charge for goods and services
- How to spot and align with disruptive developments and decide when to invest.
We need to be creative and utilize our innovations as a means to build our way out of this global crisis. here is a step by step plan on how to build a creative economy.
10th HRSD SUMMIT, General Santos City, July 20-22, 2011
Birth of A Permanent Mechanism: The MinDA Act of 2010 (RA 9996)
MINDANAO DEVELOPMENT AUTHORITY
4F SSS Building, Bajada, Davao City
Tel. No.: (082) 221-1345 and Telefax: (082) 221-8108
Email: info@minda.gov.ph
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presented at UNIDO workshop "Fostering inclusive and sustainable local industrial development in Europe and Central Asia" Ljubljana Slovenija April 8 2014
The economic development unit held a webinar January 16th on how various country offices and individuals in CARE are developing and applying private sector engagement strategies. We heard from the PSE Director at CARE Bangladesh, the PSE Coordinator at CARE Vietnam, the PSE advisor for CARE UK, and a PSE Specialist in the Asia Regional Management Unit on their experiences, successes and the challenges of developing and implementing PSE Strategies at the country and regional levels. Some key questions the presentation addressed were: How can CARE strategically engage the private sector? Should CARE target domestic or international companies? How does CARE balance the tension between raising funds and achieving impact?
The Ecosystem of Early Stage Investment in China - presentation to BPI France...Bruno Bensaid
An overview of early-stage investment ecosystem in China (incubators, accelerators, new tech zones, Early stage VCs and angel investors), as well as some examples of successful French startups in China as of Q3 2015
Fostering a Startup and Innovation EcosystemTechstars
We are on a mission to make the world a more innovative and prosperous place, one community at a time.
We believe that entrepreneurs are critical to driving a strong global economy and a better world. We do our part by supporting the grassroots leaders who are at the core of every strong entrepreneurial community
Today entrepreneurship has become one of key drives for the development of all the countries in the world and it is very crucial for any economy. The objectives of achieving sustained economic and industrial development, regional growth and employment generation, life support conservation and implementing technological advancements have always depended on entrepreneurial development.
Global Startup Platform_Market Research Report_2012Vasily Ryzhonkov
Global Startup Platform. Marketing Research Report. Version 4.0.
80+ pages of analysis and research, 4 online surveys analyzed, 9 reports from BCG, Startup Genome Project, Global Entrepreneurship Monitor, Opora Report, Yandex Report, TNS Report are analyzed.
New results are found.
Market Size Estimation for Russia is calculated.
Rohit Talwar Drivers of Disruption and Opportunity - LBS Enterprise 100 - J...Rohit Talwar
Presentation to the investment community at London Business School exploring key trends, developments and ideas shaping and disrupting the business landscape and the resulting investment opportunities that could emerge and the implications for investors. The talk covers:
- The evolution of technologies in business and the workplace
- How advances such as artificial intelligence, robotics, 3D / 4D printing, smart materials, immersive technologies and the multi-sensory internet could disrupt key business sectors
- Science and technology developments that could enhance the brain , body and human wellbeing and transform healthcare
- New business models that will change the way we finance assets and infrastructure, fund innovation and charge for goods and services
- How to spot and align with disruptive developments and decide when to invest.
We need to be creative and utilize our innovations as a means to build our way out of this global crisis. here is a step by step plan on how to build a creative economy.
10th HRSD SUMMIT, General Santos City, July 20-22, 2011
Birth of A Permanent Mechanism: The MinDA Act of 2010 (RA 9996)
MINDANAO DEVELOPMENT AUTHORITY
4F SSS Building, Bajada, Davao City
Tel. No.: (082) 221-1345 and Telefax: (082) 221-8108
Email: info@minda.gov.ph
The role of science, industrial and technology parksAntonio Sfiligoj
presented at UNIDO workshop "Fostering inclusive and sustainable local industrial development in Europe and Central Asia" Ljubljana Slovenija April 8 2014
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From his latest book, (co-author Anthony D. Williams) Macrowikinomics: New Solutions for a Connected Planet, Don Tapscott presents groundbreaking innovations from every corner of the globe: how businesses, organizations and individuals alike are using mass collaboration to revolutionize not only the way we work, but how we live, learn, create and care for each other.
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Innovation Across Borders - Session 7 richard bendis
1. TRANSATLANTIC COOPERATION
Toronto, Canada
February 25, 2011
Presented by:
Richard A. Bendis
President and CEO
Innovation America
2. Darwin on Collaboration
“ It is the long history of humankind (and animal kind, too)
those who learned to collaborate and improvise most
effectively have prevailed."
-Charles Darwin
4. The Global Innovation Imperative
•Innovation is Key to Growing and Maintaining
a Country’s Competitive Position in the Global
Economy and to address Global Challenges
•Collaboration among Small and Large
Businesses, Universities, and Research
Institutes is Essential for Innovation–
•New Institutions and New Incentives, are
increasingly important to support collaboration
and foster innovation
•Competitive advantages are increasingly tied
to human capital and innovation INNOVATION MATTERS
•Economic growth is closely related to
education/workforce, energy, climate
change, environmental, natural resource and
geopolitical issues
5. How Leading Nations Responding to the Innovation Imperative?
They are providing four things:
•High-level Focus
•Sustained Support for R&D:
Leveraging Public and Private Funds
•Support for Innovative SMEs
•New Innovation Partnerships to bring
new products and services to market
Note: Many countries are investing very
substantial resources to create, attract and
retain industries in leading sectors
6. Innovation Economy: Definitions & Terminology
• Knowledge is the confident
understanding of a subject, potentially
with the ability to use it for a specific
purpose
• Knowledge economy is based on
creating, evaluating, and trading
knowledge
• Innovation is the creation and
transformation of knowledge into new
products, processes, and services that
meet market need…….and
interactions, entertainment forms, and
ways of communicating and
collaborating
7. Why Is Innovation Essential?
“INNOVATION
DISTINGUISHES
BETWEEN A LEADER
AND A FOLLOWER.”
-STEVE JOBS
8. Innovation Ecosystem
INPUT “INTERACTION FIELDS” OUTPUT
Education/ Human Jobs
Proof of Relevance
Wealth Creation
Knowledge Resources
Proof of Concept
Wealth
Creation Human Networks Creation
Networks of Funds
Basic New Products
Regional Clusters & Services
&
Translational University-Industry
Collaborations New Markets
Research
IP Strategies Companies
The concept of the innovation ecosystem stresses that the flow of
technology and information among people, enterprises and institutions is
key to a vibrant innovation process.
9. The New Locational Competition
Definition: The competition for economic activity
Intense and growing competition among nations and regions for
well paid jobs and improving living standards……….
12. Transatlantic Cooperation FP7
Program for Research of the
European Community (FP7).
•European Community’s main
instrument for funding R&D activities in
Europe, reflecting all aspects of EU
research policy
•Timing 2007-2013
•Budget: $53.2 billion Euros
•Four Specific Programs:
•Cooperation
•People
•Capacities
•Ideas.
15. Leverage the Inherent Strengths of the Transatlantic
Innovation Economy.
1. Reaffirm open investment policies and
eliminate restrictions on foreign direct
investment
2. Drive collaboration between and among
American and European universities, research
institutions, and the private sector.
3. Facilitate R&D investment through public-
private partnerships and long-term incentives.
4. Fund pre-competitive scientific research and
make it more readily available for
commercialization.
5. Prevent the erosion of intellectual property
rights (IPR) and ensure their consistent and
effective enforcement.
16. Leverage the inherent strengths of the Transatlantic
Innovation Economy.
6. Ensure that competition laws enhance
efficiency and consumer welfare without
restricting the commercial exploitation of
IPR.
7. Promote the use of international standards
and, where necessary, performance- based
technology regulations.
8. Secure reliable and undistorted access to
raw materials and encourage their efficient
use.
9. Promote national deployment and
maintenance of robust information
technology (IT) infrastructure and allow
access to innovative technologies.
10. Assess the implications of government
policies on the process of innovation and
share lessons learned with third countries.
17. Government’s Role in Innovation
• Long term vision and planning
• Identify gaps and trends in science,
technology, innovation and SME
development
• Be a catalyst through long-term strategic
investments and partnering
• Develop a balanced and flexible research
and development investment portfolio
• Encourage private sector innovation
• Establish performance-based research and
development
• Accelerate the commercial exploitation of
creativity and knowledge, through innovation
and research, to create wealth, grow the
economy, build successful businesses and
improve quality of life
18. The Importance of Trans-Atlantic Collaboration
“No other international
economic relationship comes
close in terms of profitability
or as a driver of innovation,
research and development.
I see no reason why we
should settle for less in the
Maroš Šefčovic
21st century.” EU Vice President and
Commissioner
20. Canada and US Cross Border Facts
•300,000 travelers cross the
Canada US Border Everyday
•35,000 trucks cross the border
everyday
•$1.6 Billion of trade everyday
22. Internet Strategies for Tapping into Foreign Markets
•Use localization in your online
marketing
•Use local affiliate networks
•Use local social media
•Use the web to find local
freelance expertise
Source: Christian Arno, who is the founder and Managing Director of global translation services and localization agency Lingo24.
23. Key Difference Between Incubators and Accelerators
Incubators - incubators allow for
slower growth, although they
typically have some requirements as
to how long companies can remain
in the incubators before they
graduate.
Accelerators - as their name
implies, focus on an intense, boot-
camp-like experience to get new
businesses up and running in a
matter of months.
25. European Seed Camp
•Jumpstarts the entrepreneurial
community in Europe by connecting next
generation developers/entrepreneurs with
a top-tier network of over 400 mentors
•Seedcamp Week - Intensive week-long
event held in London every September
and is targeted at young entrepreneurs
•Micro seed fund to invest in startup
companies €50.000 for 8-10% equity
•Funded companies are hosted in London
for 3 months to grow and develop their
company
26. Startupbootcamp - Denmark
•startupbootcamp is a European
startup accelerator affiliated with
Techstars
•Startup cash €4,000 per team
member in micro capital.
•Access to our 75+ mentors – serial
entrepreneurs and experts
•10 teams joining for 3 months of
acceleration until Investor Day.
27. Incubators – Example:
Soft Landing Innovation Center
Science Center
The Science Center is
an attractive “soft
landing” place for
international companies
to launch their US
businesses and a
powerful economic
engine for the regional
economy.
28. Science Center Global Soft Landing
•Established in 2005
•Focus on Asia and Europe
•Country site visits: Greece, India,
China, Malaysia, Italy, South Korea,
Germany, Ukraine, Turkey, Spain, and
more…..over 75 site visits
•Relationships with JETRO (Japan),
Rhone/Alps Region (France) & Belgium
Trade Office (Wallonia Foreign Trade &
Investment), Spain, UK and Germany
•Project funded by U.S. Department of
Commerce - EDA
•$2.5M project for construction and
facility programs
•10,000 sq. ft. of wet laboratory and
offices
29. Innovation Capital Valley of Death
“VALLEY OF DEATH”
POR /
Stage Pre-Seed Seed/Start-Up Early Later
Founders, FFF Angel Groups, IBED, SBIR Venture Funds
Bootstrapping
M&A, IPO
Source Crowdfunding
Accelerators Seed Funds,
$0K $500K $2.5M $5.0M
Demand
Supply “VALLEY OF DEATH”
Secondary
Funding Funding
Gap Gap
30. Bootstrapping
The term comes from the
German legend of Baron
Münchhausen pulling himself
out of the sea by pulling on his
own bootstraps.
Definition: “The act of starting a business
with little or no external funding”
31. Funding & Resources for Innovation Capital
Seed TBED Federal Angel Entrepreneur
PCP
32. What is An Innovation Intermediary?
An Organization at the Center of the region’s, state’s or
country’s efforts to align local technologies, assets and
resources to work together on advancing Innovation.
33. 21st Century Innovation Intermediary
Connectivity of
Key Human &
Institutional Players
Cluster Management
Leverage&Align Research
ment of Funding & &Marketingof
Resources the Strengths of
the Innovation
Economy
Programs
Commercialization
Direct Investment
Angel Capital
SBIR Programs
Technology Mining / Intellectual
Property Programs
34. Innovation Intermediary Commercialization Structure
Investigation Technical Market Business
Proof of Concept Technology Concept Market Needs Venture Assessment
Analysis Assessment
Development Phase
Feasibility Technology Feasibility Market Study Economic Feasibility
Planning Engineering Prototype Strategic Marketing Strategic Business
Plan
Introduction Pre-Production Market Validation Business Start-Up
Prototype
Commercial Phase
Full Scale Production Production Sales and Distribution Business Growth
Maturity Production Support Market Diversification Business Maturity
35. Global Innovation Intermediaries
http://www.nrc-cnrc.gc.ca/index.html
http://europa.eu/index_en.htm
www.startupamericapartnership.org/
www.innovationamerica.us
36. European Innovation Intermediaries
http://www.innovasjonnorge.no
http://www.cotec.pt
http://www.vinnova.se
http://www.tekes.fi
http://techsoutheast.ca/index.php http://www.senternovem.nl
39. MaRs Canadian Intermediary
MaRs Goal:To build great companies. And a vibrant and diverse Canadian
economy.
•MaRS helps entrepreneurs bring new and innovative ideas to the
marketplace.
•MaRs offers a comprehensive range of business services. And experienced
advisors guide our clients every step of the way.
•MaRS works with entrepreneurs in a range of sectors, including:
•Advanced materials and engineering
•Cleantech
•Information technology,
•Communications
•Entertainment
•Life sciences and health care
•Social innovation
42. JumpStart Ohio
•JumpStart Entrepreneurial
Network:
•Intensive entrepreneurial
development assistance to
Northeast Ohio entrepreneurs
leading high potential, early-
stage companies by delivering:
•Venture Partners and
Entrepreneurs-in-Residence
programs through incubators.
•JumpStart Ventures:
•Seed Capital Fund
•Jumpstart Inclusion Advisors
•High impact minority and
women-owned businesses
45. Bill Gates - Microsoft
“Never before in
history has innovation
offered promise of so
much to so many in
so short a time.”
46. innovationDAILY
Get a FREE subscription to
Innovation America’s
innovationDAILY newsletter.
Subscribe to:
www.innovationamerica.us
47. Richard A. Bendis
President and CEO
Innovation America
2600 Centre Square West
1500 Market Street
Philadelphia, PA 19102
(215) 496-8102
rbendis@bendisig.com
www.innovationamerica.us
www.innovationamerica.us/daily
Editor's Notes
The concept of the innovation ecosystem stresses that the flow of technology and information among people, enterprises and institutions is key to a vibrant innovation process.
Online marketing is one of the most effective ways of establishing a presence in foreign markets. You are likely to see a good return on your investment in a properly localized website. Don't rely on your English-language website to do the job for you overseas. A website localized for your target market will build trust amongst consumers and potential trade partners.If you're planning to launch an e-commerce website in a foreign market, local affiliate networks could prove useful in your online marketing mix. Apart from the large global affiliate networks, there are many others operating solely within regional markets.One of the biggest risks in tapping into foreign markets is hiring staff overseas. It's not just remuneration that saps the budget; the recruitment process, handling legislation and training are also big costs. And, of course, you'll need premises for them to work in. However, the web has enabled millions of freelance contractors to offer their services on the global market. Whether you need a PR professional, a virtual assistant, a sales director, finance officer or pretty much any other expert, you can find them via online marketplaces like Elance.com or Guru.com.