class 2 digital ecosystems and ecosystem actors
TRANSCRIPT
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Mestrado Integrado em Engenharia e Gestão Industrial
Digital Ecosystems and Ecosystem ActorsDIGITAL BUSINESS ECOSYSTEMS
2015-16
António GriloAneesh Zutshi
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Startup Ecosystem Actors
Accelerators
StartupIncubators
Co-
Workspaces
Universities
Training
Providers
Angel
Investors
Venture Capital
Funds
Research
Centres
Online
Platforms- Talent
- Funding
Pre-
accelerators
Events,
Meetups
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Universities
Pre-accelerators Accelerators
Typical Engagement Stage
Angel Investor Venture Capital Funds
Incubators
Bank Loans
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Incubators
• Providors of office space to startups for a fixed duration, typically
more than an year
• Shared Work-Space or small offices
• Mostly Non-Profit or Publically Supported
• According to International business innovation association
• 54% are mixed-use
• 37% focused on technology business
• 6% focussed on service businesses
• Increasingly getting more active in organising events, mentorships,
and even connection to investors
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Startup Incubator
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Accelerators
• Run cohort based programs for startups for a fixed duration, usually a few
months.
• Provide intensive training and mentorship
• Work with the startups to significantly improve their product and business
model so that they can approach large investors.
• Some accelerators invest money in a startup in return for equity.
• Most programs end in a Demo Day event where investors are called.
• Many accelerators are struggling with developing their unique business
model.
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Accelerator Example – Startup Chile
• 5 Verticals
• Robotics
• Software
• Clean Energy
• Education
• Healthcare
• Started in 2010 with the support of Chilean Government.
• $40.000 of equity free funding
• 1 year commitment to stay in Chile
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• One of the earliest Accelerator, started in 2005, at Silicon Valley
• $120.000 for 7% Equity
• Twice a year intake
• Succesful Alumni
Accelerator Example – Y-combinator
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Online Platforms
• Used by accelerators to create online application forms.
• Startups can create profiles.
• Can be used to find talent, cofounders
• Free to use
• Match Angel Investors to Startups
• Help job seekers connect to startups
• Crowdfunding for creative startups
• Find a co-founder
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Events/Meetups
• Global Startup Community
• 185 Cities and 70 Countries
• World’s most influencial
startup tech event
• 2015 – Dublin
• 2016 - Lisbon
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Investment
• Angel Investors
• A wealthy individual who provides investment to a Startup
• Early Stage Investment
• High risk, high equity
• Venture Capital Funds
• Professionally Managed Investment Funds
• Larger Investment
• Often for Scale up stage
• Influence the management of the Startup
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Main Success Factors for Startup Ecosystem
• Educational Institutions
• General as well as specific skill based
• Entrepreneurial Culture
• Motivated Young People
• Risk Tolerance
• Creativity, Ambition, Drive
• Visible Success Stories
• Active Ecosystem Actors
• Sufficient Funding Sources
• Micro Loans, Grants
• Angel Investors, VCs
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• Human Capital
• Skilled Workforce
• Serial Entrepreneurs
• Government Support
• Easy Regulatory Framework
• Incentives. Eg. Tax Benefits
• Venture friendly legislations. Eg.
Bankruptcy, Contract enforcement,
Property rights, Labour laws
• Easy immigration policy for foreign
workers and entreprenerus
Other Key Success Factors for Startup Ecosystem
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• Customers
• Proximity to Customers
• Global Connectivity
• Easy Availability of Support Services
• Legal
• Accounting
• Advisors
• Infrastructure
• Telecommunications
• Transport and Logistics
• Energy
Other Key Success Factors for Startup Ecosystem
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Most Succesful Global Startup Ecosystems
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• Performance on the funding and exit valuations of startups headquartered in an
ecosystem
• Funding on VC investment in the ecosystem and the time it takes to raise
capital.
• Talent on the quality of technical talent, its availability and cost
• Market reach on the size of the local ecosystem’s GDP and the ease of
reaching customers in international markets
• Startup Experience on first-party survey data that is linked to success of
startups, such as having veteran startup mentors or founders with previous
startup experience
Digital Business Ecosystem Rankings 2015 Parameters
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Digital Business Ecosystem Rankings 2015
Source: Startup Compass
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Digital Business Ecosystem Rankings 2015
Source: Startup Compass
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Task for Next Class
• Identify the main actors in the Lisbon Ecosystem:
• Accelerators
• Incubators
• Co-work Spaces
• Angel Investors
• Venture Capital Funds
• Present them in a short presentation explaining their starting date,
and a brief profile.