1. iStart as incubation tool iMinds, ICC Ghent, 13 October 2011 Sven De Cleyn, Tech Transfer Manager, PhD
2. Incubation – iStart Formerly known as “iProof” iStart focuses specifically on the further development and commercialization of technology and the results of research projects. Focus on business development Coaching, training, entrepreneur-in-residence (EiR) 2
3. Incubation – iStart Process: 3 calls per year (Jan – Apr – Sep) +1 for student entrepreneurship Pre-selection by IBBT Intake meeting with external expert Timeline: decision within 1 month after submission deadline 3
4. Incubation – iStart Criteria: Aligned with IBBT strategy & activities Customer need clearly identified (Need) Business model in development (Approach) At least one differentiator identified (Benefit) Initial market identified and sufficient in size (Competition) Core team committed Core team able to realize full tech development Accept external coaching PoC of technology View on actions needed w.r.t. IPR Break-even possible within 2-3 year period Potential revenues of 1 Mio € within 3 years; 10 Mio € in 10y 4
5. Incubation – iStart Facts & figures: iStart targets Belgian IT entrepreneurs Typical length iStart project: 6-18 months First iStart call: 16 submissions, 8 pre-selected projects Complementarity with our other support programs (Plug & Play, iCubes, ...) 5
