11/10/2012 expert meeting on the commercialization of marine biotechnology
Post on 26-Dec-2015
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Ignition
• Successful development of entrepreneurial companies through the financing of innovation and tech based projects with the goal to generate businesses with high growth potential
Growth / Venture Capital
• Investment in Tech based companies in the early stages of development, but which are already generating revenue, but still need financing to grow
Private Equity • Consolidation, Internationalization and Turnaround of
traditional industries in the tradable sectors
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Tourism • Innovative tourism investment projects
Investment Focus
Funding
Ecosystem weaknesses
• Available amounts in Venture Capital Funds co-invested by FINOVA and under management of Portugal Ventures (~ 20 M€)
• Recurrent annual funding needs ~20 M€
• Fragmentation and difficulty of access to seed capital and the financing of innovation and the development of tech based start-ups
Structured process
• Expedite and organize the deal flow process of projects in the proof of concept and seed stages of development
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The opportunity of the Ignition Program
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The Ignition Program aims to have a relevant impact in the Portuguese technological based entrepreneurial ecosystem
Sustainability
Financing
Talent retention
Inclusion
• Constant monitoring and evaluation of new ideas• To finance innovation that fosters economic development• Permanent creation of new start-ups
• Opportunity generation for high-tech investors• To promote private investments
• To improve the job opportunities for highly educated young people
• To retain the migrant flux of young talent
• To reinforce the participation of all the Portuguese territory in the development of tech based entrepreneurship
Culture and Community
• To foster the Portuguese tech based culture and community
Programa de Ignição 10Set2012
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ScreeningProof of Concept
Business Plan
Exit
Seed Capital
Incubation & Mentoring
Venture Capital
Deal Flow
IgnitionProgram
Standard
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The Ignition Program promotes an agile and expedited financing process, in partnership
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• Entities with relevant, experienced and adequate governance (e.g. General Manager and Board of Directors)
• Give access to support services (directly or through partners)
• Track record
• Access to infrastructures and R&D activities• Administrative support services (secretariat, accounting &
finance, legal, procurement & purchasing)• Advisory boards & mentors• Marketing assistance• Networking activities
PARTNERS
ROLE
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The Ignition Program partners with technology based incubators and accelerators
Implementation of the national network of the Ignition Program
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Anje, Beta-i, Iscte, Cotec, DNA Cascais,
Fábrica de StartUps, ICAT, IPN, Net, StartUp
Lisboa, Universidade de Aveiro, Universidade
do Minho, Biocant, U. Madeira/CEIM,
Universidade do Algarve/CRIA, Universidade
do Porto, Universidade de Évora
IGNITION NETWORK
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The Ignition Program invests in tech-based projects with global market potential
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• Information technologies, communications and electronics, technologies and concepts for social web
• Life Sciences (biotechnology, assisted living, monitoring and surveillance, and medical devices)
• Endogenous resources (energy, agro-food, forest and sea) and new materials
• Product oriented• Based in R&D internationally referenced• Innovative and unique (international benchmark)• Positioned in global value chains• High global market potential• Doable with existing resources• Founders initiative
Priority Sectors
The Idea
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Portugal Ventures’ limited experience in marine biotech
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• Drug discovery projects present serious challenges (in marine as in on-shore based biotechnology projects):
High investment needs Long investment period till commercialization Difficult to attract foreign capital
• Network development is of the utmost importance• Biolibraries have great potential value. But how can they be explored?
There are several applications: Cosmetics, Nutraceuticals, Industrial processes,…
Selling access to others as well as value added services such as screening;
Joint-development.
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Estamos prontos e determinados…
… Para ir mais longe, para enfrentar novos desafios em parceria com os nossos empreendedores, ultrapassando obstáculos, levando Portugal ao mundo e trazendo o mundo a Portugal.
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