![Page 1: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/1.jpg)
The Entrepreneurial University
Global Perspective European Business Incubation
ProgramsBy
Aard Groen and Jaap van TilburgDutch Institute for Knowledge Intensive
EntrepreneurshipNikos - University of Twente
The Netherlands
NBIA - Kansas - 22 April 2009
![Page 2: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/2.jpg)
The Entrepreneurial University
Presenters background
Aard Groen• Professor knowledge intensive
entrepreneurship• Director of NikosJaap van Tilburg• Entrepreneur• Senior consultant and CEO incubators at Nikos
![Page 3: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/3.jpg)
The Entrepreneurial University
Presentation
1. Technology-oriented Business Incubators in Europe, trends and challenges.
2. Cases Twente University 3. VentureLab Twente, Your Gateway to success
in Europe4. Q&A5. Links
![Page 4: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/4.jpg)
The Entrepreneurial University
EU Survey’s on Incubators (nr=source)
1. EU Survey in 2002: Benchmarking of Business Incubators– Download:http://ec.europa.eu/enterprise/
entrepreneurship/support_measures/incubators/index.htm
2. Worldbank Survey in 2006: Incunomics– Download:http://papers.ssrn.com/sol3/papers.cfm?
abstract_id=1340211
3. Nensi project in 2008: Nensi Guide– Download:http://www.nensi.eu/a_data/
nensiGuide2008.pdf
4. National survey’s5. Own experience last 30 years
![Page 5: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/5.jpg)
The Entrepreneurial University
Definition Business Incubator (1)
an organisation that accelerates and systematises the process of creating successful enterprisesby providing them with a comprehensive and
integrated range of support, including: incubator space, business support services,
and clustering and network opportunities
![Page 6: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/6.jpg)
The Entrepreneurial University
Incubator business support instruments (3)
1. Premises2. Coaching/Mentoring3. Initial competence diagnosis4. Business plan support5. Training6. (Test)use equipment7. 1stline, generic support8. External professional advice and consultancy9. Access to seed and venture capital10.Threshold lowering, support budget
![Page 7: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/7.jpg)
The Entrepreneurial University
Distribution of 936 BIs accross the EU (2)
![Page 8: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/8.jpg)
The Entrepreneurial University
Figures and trends
• Rapid growth 48% < 5 years old (2) – especially in Middle and Eastern Europe
• 5,500+ people work in Europe’s business incubators, offering services to around 24,000 firms (2)
• Not for profit 70% (2)• Focus on innovative firms 58% or a niche 29% (2)• Strong diversity
– In key dimensions like internal organization and services (2)
– In neighboring and relatively similar economies (2).
![Page 9: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/9.jpg)
The Entrepreneurial University
Figures (n=170) (% respondents)(2)
Year BIs began operations • 1981-1985 6%• 1986-1990 8%• 1991-1995 14%• 1996-2000 25%• 2001-2005 44%• 2005- 4%
Tenant firms currently in BIs• 1-10 27%• 11-20 31%• 21-30 16%• 31-40 8%• 41-50 6%• 51-60 5%• 61- 8%
![Page 10: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/10.jpg)
The Entrepreneurial University
More figures (n=170) (% respondents)(2)
Sources of sponsorship• Publicly sponsored 48%• Privately sponsored 12%• Mixed sponsorship 38%
Financial services offered by BIs• Assistance in financial planning 79%• Referrals to a network of investors 76%• Non-reimbursable grants paid from public funds 41%• Loans tied to added-value business services 12%• Seed capital in return for equity 23%
![Page 11: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/11.jpg)
The Entrepreneurial University
Challenges
1. Concepts for Middle and Eastern Europe (5)1. Start-up training and Businessplan
competition in SE Europe2. New dynamics in Western Europe
1. Develop virtual incubation services (1)2. Make management services profitable (2)3. Clustering and networking of incubators (5)4. Diversify and innovate incubators (5)
![Page 12: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/12.jpg)
The Entrepreneurial University
Q&A on Incubation in Europe
![Page 13: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/13.jpg)
The Entrepreneurial University
Incubator programs Twente University
• Geography• Regional profiles• Incubator programmes• VentureLab Twente
![Page 14: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/14.jpg)
The Entrepreneurial University
Twente – The NetherlandsBusiness & Sciencepark Enschede
University
Germany
![Page 15: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/15.jpg)
The Entrepreneurial University
Business & Sciencepark Enschede
• 40 hectares• 250 companies• www.sciencepark.nl
![Page 16: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/16.jpg)
The Entrepreneurial University
Profiles Twente
• Region Twente: Former textile, 500.000 inhabitants
• Largest city is Enschede: 155.000 inhabitants• University of Twente: Entrepreneurial research
university, founded in 1961. Staff: 2.700, Students: 8.000 www.utwente.nl
• NIKOS: The Dutch Institute on Knowledge Intensive Entrepreneurship with a focus on “Entrepreneurship in Networks”. Staff: 50 www.utwente.nl/nikos
• Start incubator programs: 1984
![Page 17: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/17.jpg)
The Entrepreneurial University
KEB / VentureLab
Twente incubator schemes
Money
Networks
Tasks and skills
Strategy
Phase
Role (4S)
1. Opportunityrecognition
2. Opportunitydevelopment
3.Opportunityexploitation
TOP scheme
BTC incubator / Mesa+ incubator / High Tech Factory
![Page 18: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/18.jpg)
The Entrepreneurial University
VentureLab
Twente University Incubator schemes
1980 - 1989 1990 - 1999 2010+
TOP scheme
Mesa+ incubator
2000 - 2009
BTC incubator …. enlargement
KEB …. franchise
High Tech Factory
![Page 19: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/19.jpg)
The Entrepreneurial University
BTC-Twente incubator (since 1983)
![Page 20: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/20.jpg)
The Entrepreneurial University
BTC figures
• Number 1 choice in Europe by Control Data Corp. • Founded in 1981, operational begin 1983• Net space 4,000 sqm• In 26 year 450 tenants and 4,000 new jobs• Average stay: 3,5 years• Educational background : 85% university• Business failure: 4%• BTC runs now also 3 other incubator buildings• New: Enlargement (+ 10,000 sqm) & Management
Services)• More: www.btc-twente.nl
![Page 21: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/21.jpg)
The Entrepreneurial University
TOP program (since 1983)
• Support in business plan and finding university link
• University mentor (synergy!)• Use of University facilities, laboratories etc.• Business mentor• Use of University network and image• Support by TOP committee• Interest free loan of € 20.000 (increased since
2006)
• www.utwente.nl/top
![Page 22: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/22.jpg)
The Entrepreneurial University
“Spin-off entrepreneur is excellent human bridge between university and business
community”
![Page 23: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/23.jpg)
The Entrepreneurial University
Number of Top companies 1976–2007
0
100
200
300
400
500
600
700
1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006
Without TOP TOP
![Page 24: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/24.jpg)
The Entrepreneurial University
TOP Impact on Research Groups
• Development of new expertise center / facilities• Continuation of existing facilities• Income from use of equipment and expertise• Joint R&D projects• Student & graduate positions• Additional expertise/sparring partners on arm’s
length• Inspired by network of entrepreneurs and sme’s• Test and external application of knowledge in market• New ideas for research
![Page 25: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/25.jpg)
The Entrepreneurial University
Mesa+ incubator / High Tech Factory
1. 450 Researchers in nanotechnology2. Turnover € 35 mjn (55% in competion from external
sources)3. Incubator cleanroom facilities: Ca. 30 spin-off companies 4. Planning High Tech Factory for joint production facility
• 40 Companies• Start 2010
5. Mesa+ international ventures6. http://www.mesaplus.utwente.nl/Starting_entrepreneurs
![Page 26: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/26.jpg)
The Entrepreneurial University
KEB – (since 2003)
• Groups of 50-60 participants (6x) + individual participants
• In one location of 1,000 m2• For 5-6 month fulltime• Start without business idea• Facilities, training, coaching, networking• Realized KEB projects: 7 in 3 locations• Rural -> City -> International• (Inter)national expansion via franchise
![Page 27: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/27.jpg)
The Entrepreneurial University
KEB project - Results
• Participants: 490 (first 5 groups)• 190 (40%) started own company • 73 (15%) are still preparing start• 39 (8%) stopped company• 78 (16%) did not start company• 21% unknown• Employment provided: 389
• 195 entrepreneurs• 62 partners• 132 employees
![Page 28: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/28.jpg)
The Entrepreneurial University
Venture Lab Twente: Realising ambitions with High Tech
Prof. Dr. Aard J. GroenProfessor of Innovative Entrepreneurship
![Page 29: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/29.jpg)
The Entrepreneurial University
A story: High tech start up (University Spin Off)
• High tech start up • Patented technology• Strategic alliance with a large company who could
enter this technology in a mass-production market, very high potential for high growth of value creation.
• Demands from the firm to work 1-1,5 year on product development in stead of technology research, but….
• Owner makes a sail trip around the world• Other applications with time to market of >5 year
are more interesting (as technology research)• Fails to develop the mass-production product…...
![Page 30: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/30.jpg)
The Entrepreneurial University
Growth?
• On average 10 fte / spin offSome larger examples:• PNO-consultants 500 employees (subsidy advice)• Booking.com (500 empl.) Sold to Priceline.com (Nasdaq)• Switch 100 employees (IT services)• C2V; Lionix; Micronit 40-60 employees (Nano-tech based)
• Fast technology top 50 of Deloitte: Virtu secure (recently sold to equinix (Nasdaq) Xsens (sensors for place and movement) Topicus; (IT in education) Micronit; (lab-on-chip) ;
![Page 31: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/31.jpg)
The Entrepreneurial University
Basic research question:
• How come that technobased firms are developing so differently? How to explain differences in growth?What can be done to support firms to realize their potential?
• Theoretical perspectives: drawing onentrepreneurship process social system theorytechnology dynamics
searching multi-level, multi-dimensional actor oriented perspective to be able to describe, explain and design entrepreneurial processes in networks.
![Page 32: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/32.jpg)
The Entrepreneurial University
The entrepreneurial process
Opportunity recognition
Opportunity development
Value creation
Entrepreneur
Network
Imagination
![Page 33: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/33.jpg)
The Entrepreneurial University
Evolvingsociotechnicallandscapes
Novel“configurationsthat work”
A patchworkof regimes
3
2
1
[1 ] N ove lty, shaped by ex is ting reg im e[2 ] E volves, is taken up , m ay m od ify reg im e[3 ] Landscape is transform ed
![Page 34: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/34.jpg)
The Entrepreneurial University
Social system model (4S)a.o. Groen et al, 2008
ScaleEconomic adaptation leading to efficient production ECONOMIC CAPITAL
Social networking SOCIAL CAPITAL
Skills & valuesPattern maintenance based on culture, knowledge, rules etc. CULTURAL CAPITAL
ScopeGoal attainment using strategies, power STRATEGIC CAPITAL
Social networking SOCIAL CAPITAL
Businessactor
Academic actor
Skills & valuesPattern maintenance based on culture, knowledge, rules etc. CULTURAL CAPITAL
ScopeGoal attainment using strategies, power STRATEGIC CAP.
Scale Economic adaptation leading to efficient production ECONOMIC CAPITAL
Network
Integration of scope, skill, scale in social interaction
![Page 35: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/35.jpg)
The Entrepreneurial University
![Page 36: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/36.jpg)
The Entrepreneurial University
4 S Business support Model Nikos
Entrepreneur and
Enterprise
Scope: From Idea
to Strategy
SocialNetwork-Contacts
Skills:Patterns of
Organisation
Scale of Economy:Financial means
• Ideas• Assessing the opportunity • Strategic processes• Business plan
• Culture, values, norms• Facilities• Personel arrangements
& Systems • Knowledge
Contacts with:• Clients• Suppliers• Experts• Colleagues• support agents
• Own capital • Bridging development
period• Financing investments
- Seed & Venture Capital- Loans
![Page 37: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/37.jpg)
The Entrepreneurial University
Entrepreneur and
Enterprise
Not market oriented
Scope: from idea
to Strategy
SocialNetwork-Contacts
Skills:Patterns of
Organisation
Scale: Economy:Financial means
• Ideas• Assessing the opportunity • Strategic processes• Business plan
• Culture, values, norms• Facilities• Personelarrangements
& Systems • Knowledge
Contacts with:• Clients• Suppliers• Experts• Colleagues• support agents
• Own capital • Bridging development
period• Financing investments
- Venture Capital- Loans
Mono-disciplinaryteams (tech)Management skills
Strategic drifttechnology/marketSmall ambition
“Death valley”Long time to marketHigh costs-high riskLittle VC available
Academic networks too little market networksBalancing weak-strong ties
Reasons for small growth
![Page 38: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/38.jpg)
The Entrepreneurial University
1. Entrepreneur high ambition
2. Product and market with large (world) potential
3. Multi disciplinary entrepreneurial team from beginning
4. Sufficient venture capital in early phase
Four success factors for growth*(Leuven, Stanford, Cambridge)
* Martijn Enter; Identifying factors that contribute to high-groth knowledge intensive ventures; Nikos , February 2006
![Page 39: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/39.jpg)
The Entrepreneurial University
Support instruments
Entrepreneur and
Enterprise
Coaching, Training
& Courses
Scope: from idea
to Strategy
SocialNetwork-Contacts
Skills:Patterns of
Organisation
Scale: Economy:Financial means
• Culture, values, norms• Facilities• Personelarrangements
& Systems • Knowledge
• Ideas• Assessing the opportunity • Strategic processes• Business plan
Contacts with:• Clients• Suppliers• Experts• Colleagues• support agents
• Own capital • Bridging development
period• Financing investments
- Venture Capital- Loans
Knowledge & SpaceOrganisationalsupport
Strategic Coach
Soft loansParticipation
ContactsBrokerage
![Page 40: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/40.jpg)
The Entrepreneurial University
VA
LU
EC
RE
AT
ION
Training programFollows the value creation process
in relation to 4S model and 4 teamroles
Opportunity recognition
Opportunity preparation
Opportunity exploitation
CTO/COOCulture Capital
CFO
Economic Capital
CEO
Strategic Capital
CMOSocial Capital
![Page 41: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/41.jpg)
The Entrepreneurial University
What is VentureLab Twente? – the Design
![Page 42: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/42.jpg)
The Entrepreneurial University
Inspirations for designing VentureLab
KEB for Group Approach• Group based: n=60, 4-6 months, full time – 3
days/week (women from 15% to 50%)• Intensive training, ideas brought in, process of
enterprise concept development
TOP for University Interaction• How to connect with academics• Use of university facilities
![Page 43: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/43.jpg)
The Entrepreneurial University
Advisors
Technology
Screening Process
Research institutes
/ firms
Participants
100 Interested Individuals
Screening Process
TOP-Teams
Training Program
Lecture
Project ‘normal’
Company
Staff & Entrepreneurs
Instructors
e.g. TOP
Follow up (support)
Network (eg. VC’s)
Design Venturelab Twente
Selection &
Matching
High AmbitionCompany
60 selected Individuals
TIMELINEMonth 1 Month 4-12Month 2 Month 4-6Month 3
![Page 44: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/44.jpg)
The Entrepreneurial University
Entrepreneur and
Enterprise
Entrepreneurial
and market orientation
Scope: from idea
to Strategy
SocialNetwork-Contacts
Skills:Patterns of
Organisation
Scale: Economy:Financial means
• Culture, values, norms• Facilities• Personelarrangements
& Systems • Knowledge
• Ideas• Assessing the opportunity • Strategic processes• Business plan
Contacts with:• Clients• Suppliers• Experts• Colleagues• support agents
• Own capital • Bridging development
period• Financing investments
- Venture Capital- Loans
COO / CTOBalanced teamsoperations organized, Q-systems in place &product offering
CEOClear Growth ambitionStrategic focus• developed T-M-O• strategic process/network• path of value creation/exit
CFOManaging cash flow roundsof investmentFFFVenture capital(Formal-informal investors)
CMOStrong connections with market (suppliers-clients)Managing strong & weak ties(in business & academic world)
Characteristics of VentureLab Twente Ventures
![Page 45: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/45.jpg)
The Entrepreneurial University
Target Groups VentureLab Twente
1. Graduates and PhD’s who want to become entrepreneur
2. Serial entrepreneurs in high tech3. SME’s new business developers4. Large firm new business developers5. Soft landing incoming entrepreneurs from
abroad
![Page 46: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/46.jpg)
The Entrepreneurial University
High Tech / High potential Group based selection process
1. Self selection + continuous assessment 2. Intensive training, general ideas brought in,
process of enterprise concept development3. Selection of high potential T-M-F teams
matched with high potential business concepts
4. Small group/personal coaching with high level business coaches
5. Network with international VC-funds, CTO’s, universities, industrial partners …
6. Office space 1000m2 and equipment/facilities
![Page 47: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/47.jpg)
The Entrepreneurial University
Expected Results
• Groups of 20-40 persons• 15 firms based on own idea development of
participants (after 5 years 12 firms, employment >120)
• 2-3 firms based on high potential ideas matched with teams based on selection during program (after 5 years, 1-2 firms, employment >250)
• 3 groups per year, 3 years employment after 8 year >3000
![Page 48: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/48.jpg)
The Entrepreneurial University
VentureLab Twente - summary
1. (Inter)national groups of participants2. Potential high-tech entrepreneurs3. Ambition for high growth4. Link to research and business community5. Multi disciplinary entrepreneurial teams6. Support by training, experts, coaches,
CEO’s, VC’s etc.
![Page 49: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/49.jpg)
The Entrepreneurial University
Further information
• www.utwente.nl/nikos• www.utwente.nl/top• www.venturelabtwente.com • www.kansrijkeigenbaas.nl • www.kennispark.nl• www.sciencepark.nl• www.btc-twente.nl • www.tpoint.eu • www.epis.org.uk• www.nensi.eu• www.mesaplus.utwente.nl/starting_entrepreneurs
![Page 50: Venturelab Twente softlanding and new business incubation](https://reader035.vdocuments.site/reader035/viewer/2022081516/5553360eb4c905e12e8b4db9/html5/thumbnails/50.jpg)
The Entrepreneurial University
Thank you for your attention,
time for Q&A
Aard Groen [email protected] Jaap van Tilburg [email protected]
Your gateway to success in Europe!