iminds the conference 2012 - entrepreneurship
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1
Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
Student Entrepreneurship
Development of entrepreneurial skills with (master) students during their studies. Why: innovation in academic education? Benchmarks: MIT, EIT labelled masters. Why iMinds? Extra curriculum activities; access to entrepreneurial ecosystem We did a pilot in Ghent in 2011 – 2012 We roll out across Flanders with universities that were interested in 2012–2013 VUB
Kauffman Study Shows: Student Entrepreneurs Critical to Commercializing University Startups
New York Chases Silicon Valley With Roosevelt Island Site
"The university of the future will combine innovation and entrepreneurship“
[DE TIJD DINSDAG 31 JULI 2012]
“tech ICT companies are born global”
Partnership with Local incubators, supported by FIT ICT start-ups can spend up to 3 months in the US and
find the introductions, local market knowledge and support they need to get started up.
European pilot program from EBN Offer companies services at a selection of global locations, tailored to match their: logistics, access to the local business world, expert advice
2011 9 companies 2012 8 companies
Singapore
Internationalization support
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Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
• On demand • Valorisation business concept
Coaching
• Co-working space for starters • As from March 2012
Start-up garage
• Financial resources • Continuous support and supportive framework
iStart.Light
• 100% practically oriented • Hands-on mentality
Workshops
[Student Entrepreneurship TOOLBOX]
• Coworking space for students • Vibrant network of iStarters and flex office
users Create an entrepreneurial atmosphere Stimulate discussions and talks between (student) entrepreneurs
Innovative pharmaceutical company o Make homemade medecines a profitable alternative o Sell cheap raw ingredients via advanced webplatform
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Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
Need for a Stable Organization
to serve as a growth platform
Need for Growth Power to successfully achieve a growth transition
Need for Innovation Power to serve as fuel for growth
screening
Smart Innovator
Process actions
Evaluation
Intake & positioning iMinds acceleration program Closing
US/Singapore
Coaching tracks
Enabling
tbd
tbd interview in depth
external initiatives cooperation
questionaire 15' screening
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Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
the collective centre of the Belgian technological industry the collective centre of the Belgian technological industry
How Smart is Your Product? And does it even matter? iMinds Conference - Entrepreneurship
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= Defining a Successful Technology & Product Strategy using ICT
How to realize growth?
cost (€) sales (€)
0 5
new <5y new
<5y
old >5y
old >5y
innovation
year
The technology
• Information Technologies (of all kinds) double their power about every year… (price performance, capacity, bandwidth etc.)
• Three Major Trends: • Connectivity • Mobile Devices • Technology
Everywhere
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Source R.Kurzweil
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Huge Challenge Caused by these Trends
number of ICT devices associated to the user
User attention bandwidth
time 1980 1990 2000 2010
Consequence #2: It is more difficult to stand out with your product in the product jungle.
Consequence #1: Users devote less time to each product
Product builders are in a competition model to get the user attention
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SMART = a way to optimize the user attention bandwidth
time 1980 1990 2000 2010
number of ICT devices associated to user
User attention bandwidth
User attention bandwidth
Decision support systems (e.g. safety
critical systems)
Systems that interpret large data streams for
the user
“Empathic” Products that are aware of the intentions of users
Smart Products as a differentiator !
Augmented entertainment and
augmented vehicles.
Definition of SMART: a tentative consensus
A Smart Product
• uses information about itself, other products, or its environment
• to provide new or enhanced functionalities
• that are able to differentiate the product in a particular market
A smart technology
• can be turned into an offering
• that enables other products to become smart products
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Example: bicycle rental company
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Add location system (gps) to bicycles to retrieve lost ones
Use the usage data of bicycles to optimize distribution across the city
Add noise and pollution sensor to offer services to government
Observe users and provide them with alternative routes
Sensors to detect bikes in need maintenance
Set up alliances with tourist department of city to promote touristic routes
Will Smart Products make you money?
Business Model Canvas
Who will be your early customers?
Is the market big enough or are you making a solution for one customer?
Does it match with a customer demand?
What are the right channels?
What does the buying process look like?
Which Technologies make Smart?
Case: Personalized Bike Routes
GIS Related APIs
Setup a Biking Communityand Let them Share
Semantic Technologies?
Crawling the web for POI and index in Database
Which Set of Technologies are Right for Your Case?
Technologies for Making Smart Products
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Sensors
Big Data
API
User Profiling
Wireless
Semantic
Web2
Interface
How can Smart Innovator help You?
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Idea Generation Business Potential Evaluation Business vs Risk Analysis
Find Technological Building Blocks
Technological Experimentation/Evaluation
Support in Realization: Funding, Realization Plan, etc.
What does SMART mean for your product? And will you make money from it?
• We are here with a team at the iMinds Conference to help you move forward with your case
• One-on-one sessions this afternoon. Here at this event!
• Book your seat now. Ask us to reserve a time slot for you!
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Jan Koen Jessie Nick
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Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
Agenda – Internationalisation
Context Why iMinds @ Singapore? Ambition & Objectives Where are we today Next steps
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Context: strategic plan 2012-1026 • Strategic Goals
• Achieve excellence in market-driven research • Provide comprehensive support for entrepreneurship and innovation • Foster human capital through knowledge exchange
• Strategic Enablers
• Focus on internationalization • Create world-class facilities
Why Asia?
Asia is where growth continues to be: Population GDP Income / capita Life Expectancy Local demand Impact crisis <
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Why Singapore?
Singapore used to be a remote city, far away from “the world”. Today, Singapore is a world class city, at the center of “the new world”. Singapore = Asia for beginners
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Our ambition and Objectives
Establish a foothold in Singapore,
use it as a hub for Asia, to promote the growth of
our companies, and to expand our
global network.
What do we offer?
Connect. Local network. Strategic partners.
Soft-landing space. Our office.
Acceleration. Business development support.
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Where are we today?
Established iMinds Singapore, since 1 March Participated in CommunicAsia, June Moved into our own office, since 1 October
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Where are we today?
Established iMinds Singapore, since 1 March Participated in CommunicAsia, June Moved into our own office, since 1 October Partner network Exchange interns from SMU, to Flemish startups Welcomed first companies Facilitated first funding pitches First success story in establishing concrete wins
for our companies
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What have we learned? Where do we go from here?
Key to success = active involvement companies (local demo setup, samples, follow-up, …), including feet on the ground
We want to further consolidate our presence in Singapore, gradually fan out in other SSEA markets.
We plan a mission to Singapore (~100hrs in Asia) CommunicAsia as key event
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Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
Flanders Investment & Trade
Flemish Agency for International Trade External autonomous agency of the Flemish Government
(EVA) – Minister-President Kris Peeters Fusion of Export Vlaanderen & Dienst Investeren
Vlaanderen
Regional network
5 Provincial offices 15 International Business Advisors 2 Advisors Export Skills
Antwerpen
Hasselt Leuven
Gent
Brugge
Awareness
Wereldwijs magazine, Guides on various topics, seminars, market and sectorial studies, Leeuw van de Export,…
Incentives for prospection
What initiatives? Travels outside the EEA for prospection purposes Travels to seats of multilateral institutions for projects outside EEA Participation at international fairs and niche events Product documentation, commercial translations and advertisements
in specialized media Invitation of buyers and decision makers Registration, homologation and certification costs Entering a Service center abroad The establishment of a prospecting office How to apply? Only online via the website Within 15 calendar days before the start of the initiative
www.flanderstrade.be http://www.youtube.com/watch?v=V2wxovMm5z4&feature=player_embedded
FIT on twitter and Linked in
karla.laheye@fitagency.be
Want to know more?
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Intro
Student entrepreneurship
Acceleration through Smart Innovation iMinds business acceleration Smart Innovator
Internationalizing your business Singapore FIT support Go West
Frank Gielen
Lisa Pattyn
Koen Vriesacker Jessie Dedecker
Ralph Moreau Karla Laheye Lisa Pattyn
Entrepreneurship
Call for projects now open! (events.iminds.be)
Deadline: 02/12/2012 Selection: First week of December
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