idealabs: contributing to the belgian entrepreneurial community

Shape, build, and launch to market in three months #stoptalkingstartbuilding

idealabs has the ambition to help build a strong and sustainable entrepreneurial community in Antwerp

Why Antwerp?

Participants of a Entrepreneurial ecosystemEntrepreneurs

Government

Universities

Investors

Mentors

Service providers

Large companies

Successful Entrepreneurial ecosystemsBoulderChileSan FransiscoNew YorkDublinAmsterdamBerlinHelsinkiEindhovenMoscowParisStockholm

vs

Principles of a Entrepreneurial ecosystem1. Entrepreneurs must

lead the startup community

2. The leaders must have a long-term commitment

3. The start up community must be inclusive of anyone who wants to participate in it

4. The startup community must have continual activities that engage the entire entrepreneurial stack

How we are setting those principles into work.

Building an entrepreneurial hub

Phase 1:

FIRST STEP: MVP accelerator

Stripped buildingPrivate fundCore teamStrong Backers

3 month set up!validation of need!

validation of interest!validation of ideas?

MONTH 1 MONTH 2 MONTH 3

shape build launch

philosophy what we believe in

Be more innovative.Stop wasting people's time.Be more successful.

eric ries the lean startup movement

philosophy MVP Minimum set of featuresLearn from early adoptersAvoid building a product nobody wantsLearn from testing

eric ries the lean startup movement

philosophy what we believe in

From 70 applications we chose 3 startups for our accelerator

First cycle:They worked very hard!

Second step: Turn that stripped building in to a entrepreneurial

HUB

COFFEELABSHUB

CAMPUSTHE SPACE EVENTS

A space where people, technology, materials, philosophies and ideas mix, collide and collaborate to produce ground breaking innovations

Center of Antwerp / 2000 sqm / Workshops/ Speaker Series / Networking Events / Building prototypes / Breakout office / Private meetings

Phase 2: Identify vibrant entrepreneurial community through meaningful events

Meaningful events that should inspire educate engageStartup Stories

Founder stories

Corporate innovation

Intrapreneurs

Big Conference

Startup Essentials:-Business Model Canvas

-Online marketing

-Lean Startup

-Startup Tools

-PR for startups

Start Up Weekend

Hackathon

Ideathon

Corporate innovation Lab

Startup Academy

Event space

2013 2013 2013

VIBRANT COMMUNITYMEANINGFUL EVENTSIDEALABS IMPACT

Third Step: expanding community- Blending Companies and Startups at idealabs

Stodgy. Slow. Bureaucratic. Big companies get a bad rap when it comes to innovation.

Big companies are applying startup strategies and tools to jump-start innovation. It’s not about pontificating on the innovation process. It’s about being lean, focused, and maniacally

Intuit organizes multi-day “lean start-ins” that gather “intrapreneurs” together from across the company to teach them how to apply rapid experimentation to create new products, services, and business models.

Kimberly-Clark promotes one-day “expert acceleration sessions” that bring hand-picked outside “thought leaders” face to face with business teams to bust mental models and create game-changing strategies.

Whirlpool uses a network of innovation mentors (also called i-mentors), who are loaded with innovation tools and guidance to help business teams focused on challenging market “orthodoxies.”

FIRST STEPS

BBC Worldwide officially launched BBC Worldwide Labs. The initiative is aimed at supporting the creative and digital industries in the UK by offering them insight and expertise into the industry. 

Pepsi Co wants to get in on the ground level with companies that could become the next Twitter via its Digital Labs program.

Volkswagen Group of America Electronics Research Laboratory (ERL) has teamed up withPlug and Play to accelerate and collaborate with startups to transfer technology from many industries into the automotive domain.

BIG STEPS

Big companies that behave like small startups focus on two things:

First, they accelerate the speed of innovation, just like a Silicon Valley incubator.

Second, they give internal businesses and teams an outside-in perspective, similar to the type of reality-checking that comes from advisory boards or venture capitalists.

LBi improves collaboration with clients after Hyper Island experience

General Assembly partners with General Electric

We are blending companies and startups at idealabs

1. Business model innovation classes: challenge the status-quo and identify the business and revenue models of the future

2. Classes for intrapreneurs: rapid experimentation techniques to create new products, services and business models.

3. ‘Lean Startup’ methodology applied to corportations. Shape, build, launch approach workshop:

•Incubation of intrapreneurs/corporate venturing

•Corporate innovation labs

Last Step: Experimenting ourselves, and opening a mini Product Lab

Product Lab: offer people the opportunity to do some rapid prototyping right behind the coffeebar

Thanks for listening!Got any questions?

www.idealabs.be@idealabs_be

Nicolas Verellennicolas.verellen@idealabs.be