Published on March 4, 2014
Creating clusters of innovation Stanford University – Engineering School European Entrepreneurship & Innovation Wim De Waele, CEO iMinds March 3, 2014
Flanders and iMinds
The European Challenge 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
Building clusters of innovation How do we avoid wasting taxpayers money on entrepreneurship initiatives?
CONSISTENT INVESTMENT IN INNOVATION AND INCUBATION 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 iMinds budget evolution (Euro) 3/3/14 5
PUT THE PIECES OF THE PUZZLE TOGETHER Time-to-market Strategic research Knowledgedriven Explorative Basics for applied research Applied Research Pre-competitive testing Incubation & Entrepreneurship Business-driven Large-scale user trials & living labs Training & coaching Financing Evaluate technical feasability Facilities Interdisciplinary Demand-driven Cooperative Proof of Concept Simulations Networking Internationalization
iMinds created 18 new start-ups in 2013 APPLICATIONS & FIRST ROUND INTERVIEWS 77 38 18 NEW COMPANIES SECOND ROUND INTERVIEWS 18 18 innovative start-ups were selected to join our incubation program and represent the growing entrepreneurial spirit in Flanders.
iMinds generates follow-up financing Private capital Other public capital Spin-off financing (SOFI) iStart 16210 x 35.2 775 for the ‘class’ of 2012 2400 550 (x 1,000 €) Incubation financing Follow-up financing
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 Angel Club Members Angels + Other Investors VOLTA CLUB VOLTA FUND 1 : N Startups
Tech companies are born global GO WEST East and West Coast GO EAST Singapore 3/3/14 11
Thank You Wim De Waele email@example.com Join us @iminds 12
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iMinds, Flanders’ digital research center, combines the forces of its 850+ researchers at 5 Flemish universities for conducting strategic and applied ...
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