Innoveren en Ondernemen: Kennis en Kennissen

• Prof. Dr. Aard J. Groen

• Dean of entrepreneurship, University of Groningen Center of Entrepreneurship

• Professor of Entrepreneurship & Valorisation @ University of Groningen and

• Professor of Innovative Entrepreneurship @ University of Twente

• UGCE: University of Groningen Centre of EntrepreneurshipVenturelab Northern Netherlands www.rug.nl/ugce

• NIKOS, Nederlands Instituut voor Kennisintensief Ondernemerschap, Universiteit Twente www.utwente.nl/nikos

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Research SRO Innovation Entrepreneurship in IGS

•Entrepreneurship in Networks/ent.heuristics•Entrepreneurial University-Industry Interaction•Technology business development•Organizing for Innovation SRO Logistics & information in CTIT- SRO Engineering and product design --

Business Development •TOP (25 years, n=450 entrepreneurs)•KEB (7 years, >300 firms supported)•Venture Lab Twente (may 2009- •Competencies for Innovation•Mephi (Moscow University)•Global starts•International business development

Teaching •Minor Entrepreneurship, international management•Technology Venturing and Innovation at Venture Lab

Twente •Msc Business administration:

- Innovation & Entrepreneurship- International Management

•Master Innovation & Entrepreneurship ECIU with Aalborg University; TU Berlin

Training & consultancy •Market orientation HTSF•KVGO/VNO-NCW•Manufacturing Industry Networks•Rabo•International consultancy

ExcellentResearch

Problem solvingTraining

andConsultancy

BusinessDevelopment

Support

Teaching Innovation &Entrepreneurial Competencies

Innovation & Entrepreneurship

in networks

NIKOS in UT Technology Business School: Engaged scholarship combining excellent research, teaching and business development

|centre for entrepreneurship 3Date 05.09.2014

Goals UGCE: Making UoG more entrepreneurial

Vision on Entrepreneurial University:›Engaged scholarship›Combining research, teaching & societal orientation›Building on entrepreneurial values:- Innovative- Creative- Risk taking propensity- Network orientation›Creating Value on basis of excellent research and using or attracting entrepreneurial talent in a supportive eco-system

|Date 20-03.2014centre for entrepreneurship 4

PARTNERSPARTNERSUGUGCECE

ECONOMISCHE KANSEN, NIEUWE VERBINDINGEN

Programmadirectie BioBased Economy 5

+ + +Agro Chemie & materialen Logistiek Energie

Goede kennisinfrastructuur

Voorbeeld van ontwikkelmogelijkheden: Biobased economy in Noord-Oost Nederland (rapport Berger)

|A.J. Groen, 12-03-2014centre for entrepreneurshipStrategische noodzaak:

Van cost cutting naar waarde creatie

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Value creation Entrepreneurialism

2010’s

Adapted from Bolwijn & Kumpe

|Date 30.01.2014centre for entrepreneurship 8

Knowledge development and valorization

|Date 30.01.2014centre for entrepreneurship 9

What’s wrong with innovation linkages?

9Based on the materials of the round table organized by the iR&D club. 25/09/13

|A.J. Groen, 12-03-2014centre for entrepreneurship

Entrepreneurship support for entrepreneurs working in their company in stead of on their company

|A.J. Groen, 12-03-2014centre for entrepreneurship

› Competencies for Innovation: (Pieken in de Delta) to develop instruments for improvement of innovation competencies of manufacturing industry

› VentureLab Twente: (Region, Province, EFRO, UT, Saxion) developing instruments to stimulate High tech High growth companies

› VentureLab North: Starts in November with first group to enter in Groningen, training and networking aims at integrating an accelerator program for Northern Netherlands

› Kansrijk Eigen Baas: stimulating entrepreneurship MBO/HBO level (incl. unemployed)

› PC3-product co-creation center: supporting technology systems/product design-> business development methods in university-sme context in economically deprived regions.

Innovation & Entrepreneurship Examples of current projects

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VentureLab International:How to grow your business ?

This project is made possible by contributions of the European Union and the Province of Overijssel & province of Gelderland | 12

VentureLab International... initiative and objectives

Companies fail to grow and to create economic value

University Twente: > 800 start-ups in 25 yrs

… but they remain small (< 10 fte)

VentureLab Program designed to support growth

VentureLab Twente (2009-2012)

… > 200 participants - excellent results

VentureLab International (2012+)

Ambition: Worldwide recognized business support program for growth companies

VentureLab Groningen (2014 +)

Need forprogram

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Entrepreneurial needs (4S model NIKOS)

Entrepreneur and

Enterprise

Scope: from idea

to Strategy

SocialNetwork-Contacts

Skills:Patterns of

Organi-sation

Scale: EconomyFinancial

means

• Ideas• Assessing the opportunity • Strategic processes• Business plan

• Culture, values, norms• Facilities• Personelarrangements

& Systems • Knowledge

Contacts with:• Clients• Suppliers• Experts• Colleagues• Support agents

• Own capital • Bridging development

period• Financing investments

- Venture Capital- Loans

VLI CONCEPT

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But companies often underperform

Not market oriented

Scope: from idea

to Strategy

SocialNetwork-Contacts

Skills:Patterns of

Organi-sation

Scale: EconomyFinancial

means

• Mono-disciplinaryTeams (tech)• No managementSkills•

• Strategic drift• Technology/market• Small ambition•

• “Death valley”• Long time to market• High cost - high risk• Unsufficient funding•

• Academicnetworks • Small markets • No networks•

VLI CONCEPT

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VLT instruments for success

Entrepreneur,team andEnterprise

Coaching, Training,

Team building& Courses

Scope: from idea

to Strategy

SocialNetwork-Contacts

Skills:Patterns of

Organisation

Scale: EconomyFinancial

means

• Culture, values, norms• Facilities• Personelarrangements

& Systems • Knowledge

• Ideas• Assessing the opportunity • Strategic processes• Business plan

Contacts with:• Clients• Suppliers• Experts• Colleagues• Support agents

• Own capital • Bridging development

period• Financing investments

- Venture Capital- Loans

Knowledge Office spaceOrganisationalsupport

Strategic Coach

Access to:Soft loansParticipationVenture capital

IntroductionsBrokerage

VLI CONCEPT

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Entrepreneur and

Enterprise

Entrepreneurial

and market orientation

Scope: from idea

to Strategy

SocialNetwork-Contacts

Skills:Patterns of

Organisation

Scale: Economy:Financial means

• Culture, values, norms• Facilities• Personelarrangements

& Systems • Knowledge

• Ideas• Assessing the opportunity • Strategic processes• Business plan

Contacts with:• Clients• Suppliers• Experts• Colleagues• support agents

• Own capital • Bridging development

period• Financing investments

- Venture Capital- Loans

COO / CTOBalanced teamsoperations organized, Q-systems in place &product offering

CEOClear Growth ambitionStrategic focus• developed T-M-O• strategic process/network• path of value creation/exit

CFOManaging cash flow roundsof investmentFFFVenture capital(Formal-informal investors)

CMOStrong connections with market (suppliers-clients)Managing strong & weak ties(in business & academic world)

Characteristics of Modules for VentureLab International Ventures

COO / CTOModule OrganizingProductionHSE/Q-systemsModule TechnologyIP managementTechnology dynamics in NanoICT/biomedical/energy…Technology intelligenceProduct design

CMOModule marketingIntroduction to marketingSegmenting, targeting, positioningThe practice of marketingMarket analysisE-commerce;

CFOModule financeFinancial frameworkValuation & control business modelFinancing the ventureFiscal legislationFinancing growthModule Investor readiness

CEOModule StrategyEntrepreneurial processBusiness modelsStrategic purposeCompetitive advantage

Areas of businessHealth EnergySafetyWater

Manufacturing (IPC)Regional business

networks

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Entrepreneur and

Enterprise

Entrepreneurial and market orientation

Scope: from idea to Strategy

SocialNetwork-Contacts

Skills:Patterns of

Organisation

Scale: Economy:Financial means

• Culture, values, norms• Facilities• Personelarrangements

& Systems • Knowledge

• Ideas• Assessing the opportunity • Strategic processes• Business plan

Contacts with:• Clients• Suppliers• Experts• Colleagues• support agents

• Own capital • Bridging development

period• Financing investments

- Venture Capital- Loans

COO / CTOBalanced teamsoperations organized, Q-systems in place &product offering

CEOClear Growth ambitionStrategic focus• developed T-M-O• strategic process/network• path of value creation/exit

CFOManaging cash flow roundsof investmentFFFVenture capital(Formal-informal investors)

CMOStrong connections with market (suppliers-clients)Managing strong & weak ties(in business & academic world)

Characteristics of VentureLab International Ventures

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Different technologies

• Synthetic seeds• Solar energy• Insulation/Cooling• Simultaneous multi-

language translations• Aviation and Bio fuel • 3-D printing• E-commerce (internet

platforms)• Remote

sensoring/measurement• Energy information

systems• Identity management

• Smart materials• Laser technology• Rontgen diffraction• Water treatment• Battery technology• Meat recovery• Tracking & Tracing• Climate systems• Drug delivery system• Social media• Machine maintenance• High Tech detectors• Video mapping

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Two recent prizes won by Venturelab International• During its annual conference in

Coimbra, Portugal, the Technopolicy Network has ranked incubators from more than 20 countries in three categories: growth, self-sustainability, return on public investment. The overall winner achieves the best overall score. The Technopolicy Network is a network of knowledge regions which exchanges best practices in regional innovation policies with a focus on science-based entrepreneurship.

• Growth: Venturelab International

www.venturelabnorth.nl

Ontwikkeling Venturelab Noord-Nederland ( venturelabnorth.com )

• Student Venturelab- Venturelab weekend - Flex ruimte in Cube 050 & Launchcafe- samenwerking met HBO-N-Nl

• Venturelab Noord-Nederland- Basisvoorziening met specialisaties:- Energy Venturelab (+ Energyvalley & EAE & Entrance)- Medical Venturelab (SBGG/UMCG/R&D hotel UMCG campus)

Ontwikkeling Venturelab Noord-Nederland ( venturelabnorth.com )

• Venturelab Noord-Nederland; UGCE& SBGG & RuG-R&V en vele anderen:- Basisvoorziening met specialisaties:- Energy Venturelab met Energy valley & Energy Academy Europe & Entrance- Medical Venturelab met SBGG/UMCG / R&D hotel UMCG campus)- ICT Venturelab met Launchcafe & Internet Valley- Service Venturelab met Talencentrum e.a.

• Monitoring op basis van VLT+GEC

VRAGEN?