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Innovation Driven
Entrepreneurship
ODTÜ TEKNOKENT
• What is IDE?
• How to manage Innovation Driven startups?
• What are the resources at METU for Innovative Founders?
Innovation
Invention
+
Profit Formula (Business Model)
Entrepreneurship
creation of an enterprise
Innovation Driven Entrepreurship*
the creation of “innovation-driven
enterprises” that pursue
global opportunities based on
bringing to customers new innovations
that have
a clear competitive advantage and
high growth potential.
Bill Aulet and Fiona Murray
Innovation Driven Entrepreurship*
Small/Medium Business Enterprise
Entrepreneurship
Innovation Driven Enterprise
Entrepreneurship
Local & Regional Markets only Focus on Global/Regional Markets
Innovation is not necessary and not an
competitive advantage
Based on innovation (Tech., Business
Model/Process )
Non Tradable Jobs (restaurant, dry
cleaner, etc.)
Tradable Jobs. Do not have to be
performed locally.
Family Businesses or businesses with
little external money
More diverse ownership base, including
external capital owners
Growth is linear
Growth starts with losing money, if
successful exponential growth follows.
* http://www.kauffman.org/newsroom/2013/05/a-tale-of-two-entrepreneurs-new-kauffman-
paper-highlights-different-types-and-their-roles-in-economy
Innovation Driven Entrepreurship*
* http://www.kauffman.org/newsroom/2013/05/a-tale-of-two-entrepreneurs-new-kauffman-
paper-highlights-different-types-and-their-roles-in-economy
Innovation Driven Enterprises
Innovation Driven Enterprises
Innovation Driven Enterprises
Innovation Driven Enterprises
How about
big
companies?
Ok they buy innovation
But they hire people!
Net Job Creation: ZERO – SIFIR - 0
Let’s
Startup!
Startup (IDE)
a temporary organization designed to search for
a repeatable and scalable business model.
Startup >>>>>>>>> Enterprise
Q: HOW?
A: Just like the scientist do!
Q: WHY?
A: Startups are also searching for something new,
why don’t we follow the same way?
How scientist
search?
Startup Management
Steve Blank
Startup Management
Failure is integral part of Startup!
Get Out of The Building!
Fail Fast
Fail Fast or Succeed Faster
OK, Let’s Start,
What do I Need?
All you need is a Problem!
Solve your own
problem!
Family
Friends
You
1. Fellow Traveler (Cofounder)
2. Visionary
3. Ambitious
4. Persevering
5. Flexible
6. Talented
Your cofounder is
sitting right next
to you!
Start flirting
right now!
How Can We Help?
YFYI Acceleration Programs
www.yfyi.com

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