Download - Swiss MedTech Ecosystem
Building Entrepreneurial Ecosystems
Peter Vogel Chair for Entrepreneurship and Technology Commercialization
College of Management Telephone: +41 (0)21 693 01 04
Email: [email protected]
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Ecosystems
Swiss MedTech Workshop August 15th, 2013
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
Stanford
Silicon Valley
Israel
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
§ Silicon Valley (~1961): Stanford University as nucleus; early collaboration with Hewlett-Packard
§ Boston (~1976): Similar role of Massachusetts Institute of Technology (MIT) as Stanford had for Silicon Valley
§ Cambridge (~1983): University became active after some alumni had great success stories as entrepreneurs
§ Sophia Antipolis (~1991): Activity of established firms (Texas Instruments, IBM) with R&D units
§ Tel Aviv (~1992): Strong influence of military research & public support
§ Munich (~1993): Favored by public support, strong VC presence, research in science & engineering, established industrial firms
Sources: Bain (2001): High-Tech Standorte im Weltvergleich“
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
Sources: Startup Ecosystem Project, 2012
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
Sources: Startup Ecosystem Project, 2012
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
An interactive community within a geographic region, composed of
varied and inter-dependent actors (e.g. entrepreneurs, institutions and
organizations) and factors (e.g. markets, regulatory framework, support
setting, entrepreneurial culture), which evolves over time and whose
actors and factors coexist and interact to promote new venture creation.”
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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Entrepreneurial Ecosystems
Swiss MedTech Workshop August 15th, 2013
High-Tech Ecosystems are typically characterized by: § Research excellence § Technology transfer § Availability of capital § Qualified workforce § Infrastructure
The formation of an ecosystem is a positive, reinforcing loop:
Success Stories
Importance of the location
Area attractive to talents
Innovation
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The Swiss Ecosystem
Swiss MedTech Workshop August 15th, 2013
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Introduction
Swiss MedTech Workshop August 15th, 2013
„Switzerland, like many other industrialized countries, is facing big challenges in healthcare
(e.g., rapid increase of healthcare expenditures).“ J. Schneider-Ammann, Federal Councillor
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History of the Swiss MedTech Ecosystem
Swiss MedTech Workshop August 15th, 2013
§ Long tradition of watchmaking, machine industry and pharma
§ Expert knowledge in:
Ø Micro- and nanotechnology
Ø Precision mechanics and electro-mechanics
Ø Material sciences and surface treatment
§ Unique combination of biotechnology and medical engineering
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Education
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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MedTech & Medical Education in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ Med Schools
50 km
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MedTech & Medical Education in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ University Hospitals
50 km
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MedTech & Medical Education in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ MedTech Education Programs
50 km
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MedTech & Medical Education in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ University Rankings - Europe
Leiden
1. EPFL
2. ETH Zurich
3. University of Cambridge
4. London School
5. University of Oxford
(Crown indicator - Europe) Shanghaï
(Eng./Tech. & Computer Science)
1. University of Cambridge
2. EPFL
3. Imperial College, London
4. University of Manchester
5. ETH Zurich
THE (Eng. & Technology)
1. University of Cambridge
2. University of Oxford 3. ETH Zurich
4. Imperial College, London
5. EPFL
QS (Eng. & Technology)
1. University of Cambridge
2. Imperial College, London
3. ETH Zurich
4. University of Oxford
5. Delft University of Tech.
7. EPFL
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Culture
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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Culture
Swiss MedTech Workshop August 15th, 2013
Switzerland has a cultural weakness with respect
to entrepreneurship
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Entrepreneurial Culture in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Global Entrepreneurship Monitor – Google Data Explorer
§ Intention to Start Business in next 3 years (% of population: age 18-64)
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Entrepreneurial Culture in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Global Entrepreneurship Monitor – Google Data Explorer
§ Entrepreneurship as desirable career (% of population: age 18-64)
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Entrepreneurial Culture in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Global Entrepreneurship Monitor – Google Data Explorer
§ Fear of Failure (% of population: age 18-64)
Level of agreement to the statement: “Fear of failure would keep me from founding a company”.
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Support
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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Institutions Supporting Swiss Medical Technology
Swiss MedTech Workshop August 15th, 2013
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MedTech Clusters in Switzerland
Swiss MedTech Workshop August 15th, 2013
Source Map: SMTI Report, 2012
§ Help in developing business plans § Tax exemption § Allowances for R&D § Contributions for investments and technological training § Setting-up of financial and business partnerships § Work and residence permits § Search for premises, terrains and technological parks § Contacts with financial and VC institutions § Access to networks § Searches for housing, schools, services etc. § Help for negotiations with the state § Support in export activities
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Cantonal Business Support in Switzerland
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ Commission for Technology and Innovation
§ Mandate: Improve the innovative strength of Switzerland
Ø market-oriented R&D projects
Ø foundation and development of start-ups
Ø knowledge and technology transfer
Source CTI
Basic research Applied research Product
development Market
SNSF Turns money into knowledge
CTI Turns knowledge into money
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ Main activities of CTI
Source CTI
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ CTI Entrepreneurship Training
Source CTI
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ CTI Startup Coaching
Source CTI
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ CTI Startup Coaching
Source CTI
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ Funding Areas
Source CTI
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ MedTech Support
Ø 80 projects granted (46% acceptance rate) – 25 (220%)*
Ø CTI project funding CHF 30.6 million – 7.3 million (319%)*
Ø Matching funds from industry CHF 41.8 million – 10.4 million (302%)*
Ø Total project funding (CTI & industry) CHF 72.4 million – 17.7 million*(309%)
Ø For 1.0 CHF from CTI – 1.37 CHF matching funds from industry – 1.42 CHF*
Source CTI
* Corresponding data for last year, i.e., Sept 2010 – August 2011 () increase in & from last year
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CTI - Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ CTI MedTech Funding 1998 – 2011
Source CTI
§ Technology Parks Switzerland
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Entrepreneurial Support in Switzerland
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Sources: Swissparks.ch
§ Technology Transfer
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Entrepreneurial Support in Switzerland
Swiss MedTech Workshop August 15th, 2013
University Tech Transfer Office Website EPFL EPFL TTO www.sri.epfl.ch ETHZ ETH Transfer www.transfer.ethz.ch Uni Lugano Ticinotransfer www.ticinotransfer.ch Uni Basel Unitectra www.unitectra.ch Uni Bern Unitectra www.unitectra.ch Uni Fribourg TT Fribourg www.tt-fr.ch Uni Geneva unitec www.unige.ch/unitec Uni Lausanne pactt www.pactt.ch Uni Neuchâtel TT Neuchatel www.unine.ch Uni Zurich Unitectra www.unitectra.ch
§ Goal: Promote the attractiveness of the Swiss
business location with foreign decision makers.
§ Private company with headquarter in Zurich
§ Over 70 years of experience in helping Swiss SMEs to export
§ Funded mainly by public money
§ As of 2008, the OSEC also has investment promotion activities on
a federal level
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OSEC - Support to Go Abroad and to Enter Switzerland
Swiss MedTech Workshop August 15th, 2013
Source: OSEC
§ Current global locations of OSEC
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OSEC - Support to Go Abroad and to Enter Switzerland
Swiss MedTech Workshop August 15th, 2013
Future?
Source: OSEC
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Swissnex – A worldwide network of knowledge outposts
Swiss MedTech Workshop August 15th, 2013
Source: Swissnex
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Swissnex – A worldwide network of knowledge outposts
Swiss MedTech Workshop August 15th, 2013
Source: Swissnex
§ Mission: connecting the world and Switzerland in science,
education, art and innovation
§ Locations: Bangalore, Boston, San Francisco, Shanghai, Singapore
– and soon Brazil
• Organization: initiative of Switzerland’s State Secretariat for
Education, Research and Innovation (SERI)
• Funding: 1/3 project funding through SERI, 2/3 through service
level/sponsorship agreements with third parties
• Activities: Events, Mandates, Learning Expeditions, Visitors
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Swissnex – A worldwide network of knowledge outposts
Swiss MedTech Workshop August 15th, 2013
Source: Swissnex
Art, Design & Technology
Academia & Science
Startups
Social Media & Communications
Innovation
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Swissnex – A worldwide network of knowledge outposts
Swiss MedTech Workshop August 15th, 2013
Source: Swissnex
Events • Brain Computer Interfaces
• Sustainable Cities
• Design in Innovation
• …and many more…
Learning “Expeditions
• To Switzerland
• To the USA
Visitors, EIR, Interns, Teams
• US Market Entry Camp for Swiss Startups
• Interns from Swiss Universities
• Sabbaticals (media, academia)
Mandates • Nestle Innovation
Partnerships
• Social Media and Swiss Universities
• CTI Start-up
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Swissnex – Examples of Services to MedTech
Swiss MedTech Workshop August 15th, 2013
Source: Swissnex
§ Startup CAMP is open to medtech companies.
§ Webinars are organized by Swissnex on US market entry
§ Events for medtech companies hosted or co-organized at Swissnex
> yearly events for Swiss startup InSphero
> events with partner incubators like Rockhealth and the Hive
§ Cross-disciplinary panel discussion and events showcasing Swiss
medtech are regularly organized
§ Nextrends, swissnexSF blog, is reporting on trends and innovation
which are relevant for medtech companies
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MedTech Design – Supporting Companies
Swiss MedTech Workshop August 15th, 2013
Source: Swiss MedTech Report 2012
§ The visual appearance of medical technologies is becoming more and
more important. Several Swiss organizations offer support.
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Visibility
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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Entrepreneurial Visibility in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ CTI MedTech Event
Ø 27th August
§ World MedTech Forum Lucerne
Ø 17th-19th September
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MedTech Visibility in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ CTI MedTech Event
Ø 27th August
Ø First event: 2003 (178 participants)
Ø Last year’s event (>600 participants)
§ World MedTech Forum Lucerne
Ø 17th-19th September
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MedTech Visibility in Switzerland
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Networks
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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Entrepreneurial Networks in Switzerland
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MedTech & Medical Networks in Switzerland
Swiss MedTech Workshop August 15th, 2013
§ MedTech Companies
50 km
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Financing
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Entrepreneurial Financing in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Innogrant EPFL
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Entrepreneurial Financing in Switzerland
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Source: CTI
§ Public funding for education and research
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Venture Capital in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Swiss Venture Capital Report 2012
§ 2012: 65 companies raised CHF 400 million in venture capital
(excluding growth capital from business angels)
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Venture Capital in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Swiss Venture Capital Report 2012
§ Invested money by industry (CHF million)
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Venture Capital in Switzerland
Swiss MedTech Workshop August 15th, 2013
Sources: Swiss Venture Capital Report 2012
§ The largest MedTech / BioTech Investments in 2012
§ 5 of the 10 largest VC investments in 2012
CHF 45 mio CHF 42 mio
CHF 25 mio CHF 17 mio
CHF 37 mio
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Assessing Ecosystems
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship ®
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The Ecosystem Index
Swiss MedTech Workshop August 15th, 2013
Sources: The Entrepreneurs‘ Ship
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When building an Entrepreneurial Ecosystem, consider…
Swiss MedTech Workshop August 15th, 2013
§ Each ecosystem is unique à What is the USP?
§ Developing an ecosystem requires a multi-stakeholder approach
§ Self-employment ≠ Entrepreneurship
§ Bureaucracy blocks innovation
§ Holistic implementation
§ Coordination and supervision
§ Focus on heroes first
§ Entrepreneurial culture is the key!
Peter Vogel
Swiss Federal Institute of Technology Lausanne - Switzerland
Mail [email protected] Twitter: @pevogel
Web http://entc.epfl.ch
Thank you for your attention.
True innovation does not come from innovation processes but from systematically going against the norm and reinventing the rule