wim de waele - iminds - flanders belgium - stanford engineering - mar 3 2014
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Creating clusters of innovation Stanford University – Engineering School European Entrepreneurship & Innovation Wim De Waele, CEO iMinds March 3, 2014
Flanders and iMinds
But for real results, Europe will have to wait for an entrepreneurial
culture like Silicon Valley’s.
The beginnings of such a culture have taken root in recent years.
Economist Feb 2011
The European Challenge
Building clusters of innovation
How do we avoid wasting taxpayers
money on entrepreneurship
initiatives?
CONSISTENT INVESTMENT IN INNOVATION AND INCUBATION
3/3/14 5
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
iMinds budget evolution (Euro)
PUT THE PIECES OF THE PUZZLE TOGETHER
Time-to-market
Strategic research
Incubation & Entrepreneurship
Applied Research
Pre-competitive testing
Knowledge-driven Explorative Basics for applied research
Training & coaching
Financing
Facilities
Networking
Internationali-zation
Business-driven InterdisciplinaryDemand-driven Cooperative Proof of Concept
Large-scale user trials & living labs Evaluate technical feasability Simulations
18 innovative start-ups were selected to join our incubation program and represent the growing entrepreneurial spirit in Flanders.
iMinds created 18 new start-ups in 2013
77
38
18
APPLICATIONS & FIRST ROUND INTERVIEWS SECOND ROUND
INTERVIEWS
18 NEW COMPANIES
iMinds generates follow-up financing
x 35.2 for the ‘class’ of 2012
Incubation financing Follow-up financing
16210
775
2400
550
Private capital
Other public capital Spin-off financing
(SOFI) iStart
(x 1,000 €)
Priorities in venturing
$$$ Strong Local Early-Stage Funds
NETWORK Attract international investors
EXPERTISE Business Angel Network
COACHING Entrepreneurs in Residence
INFRASTRUCTURE Technology, People, Locations
Smart Money in early-stage
VOLTA CLUB VOLTA FUND
Angel Club Members Angels + Other Investors
Startups
1 N :
3/3/14 11
Tech companies are born global
GO WEST East and West Coast
GO EAST Singapore
