GlobalStart project

www.globalstartups.org

Objective of GlobalStart

To provide good support to (university spin-off) companies with a global potential

How do we approach this•Taking stock of what we already do (best practice, benchmarking)•Identifying the needs of global startup companies (need analysis)

Developing a plan for global start-up supportDeveloping an implementation planDeveloping support tools

Methodology

Consortium

Technical University of BrnoUniv. of Miguel Hernandez ElcheCatholic University of LeuvenUniversity of SalamancaTechnical University of TartuUniversity of TwenteFinance WalesUniversity of Warwick

UNITED KINGDOM

SPAIN

BENELUX

NEW MEMBER STATES

EU-Roots of GlobalStart

• Leonardo Project: USOC

• 4th Framework Programme: Unispin

• Phare Partnership Programme: Unispin CR

• Paxis I projects:– Embryo– Spinnova

• As a Direct result of Use-it conference

Venture level

University level

Regional level

How can a region support a university and/or companies to reach their global potential? How do our regions do this? What can we learn from each other? What does an ideal regional support structure look like?

How do our universities support spin-off companies and particularly global startup companies? How can we improve this? What do we need and what could be an ideal structure? What instruments are available to support them better? What needs to be developed?

What is a global start-up? What are the needs of global startup companies? How do they fulfill their needs presently?

How to provide better support to (potential) global startups: the design, validation and implementation of a scheme for the stimulation and creation of global university start-ups

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Regional level How can a region support a university and/or companies to reach their global potential?

PrivateHigh Growth- DTI

- SFLGTechnium 2GROWTH

Business Support(WAG)

UK-NES TA

(WDA)VC (FW) TaxPrivate Sector

Further FundingTechnium(WDA)

Enterprise Agency

BankStart-up

WSPOther

ELWALA

SupportMentoring(WSP)Business TrainingWTI(WAG)

Loan (unsecured/interest free)Equity FW– Angels (WDA)- Feeder Fund

FinanceFunding

GrantAIG (WAG)SMART (WDA)

PropertiesHEI/WSP

Inc.WSP

Office

Viable Business PlanHot deskHEI/WSPKick-out?

(Seed funds)Business Plan

Market Research & Consultancy

Market?SPINOUT MANAGERS(HEI & FW)

KEF Scholarship

COMPANYInternationalTest idea-commercial?

IPG2E

IDEAS

HEIPPOC (HEI/TTO)(WDA)

IP

KnowledgeR&DWALES SPINOUT PROGRAMME

BEST PRACTICE

12 HEIsINTERACTION

PrivateHigh Growth- DTI

- SFLGTechnium 2GROWTH

Business Support(WAG)

UK-NES TA

(WDA)VC (FW) TaxPrivate Sector

Further FundingTechnium(WDA)

Enterprise Agency

BankStart-up

WSPOther

ELWALA

SupportMentoring(WSP)Business TrainingWTI(WAG)

Loan (unsecured/interest free)Equity FW– Angels (WDA)- Feeder Fund

FinanceFunding

GrantAIG (WAG)SMART (WDA)

PropertiesHEI/WSP

Inc.WSP

Office

Viable Business PlanHot deskHEI/WSPKick-out?

(Seed funds)Business Plan

Market Research & Consultancy

Market?SPINOUT MANAGERS(HEI & FW)

KEF Scholarship

COMPANYInternationalTest idea-commercial?

IPG2E

IDEAS

HEIPPOC (HEI/TTO)(WDA)

IP

KnowledgeR&DWALES SPINOUT PROGRAMME

BEST PRACTICE

12 HEIsINTERACTION

Regional Infrastructure (example: Wales)

-Regional/team approach-Long term (8 years +)

University levelHow do our universities support spin-off companies and particularly global startup companies?

How to implement the optimal support structure?

Global start-up support structuresTTO BenchmarkingRegional infrastructure

Global start-up needs (demand side)Literature reviewCase studies

Plan for global start-up supportGap analysis: existing versus needed support / best practices

Mobilisation planHow to complete the existing support functions

How can we improve the current support infrastructure?

What kind of support is needed?

Inventory of best support initiatives (in/)outside Europe 

Venture levelWhat is a global startup? Literature studyWhat are the needs of the global startup companies, and how do they fulfill their needs presently? 22 case studies – structured interviews in the countries of the participants.

List of case studies

• Asper• DigePring• Estla• ForwardThinking• GeoInfo• Hypertrust• ICsense• Medspray• Metis• Myoton

• PetCare• reMYND• RNATec• TiGenix• SDvision• StreamLine• Quattromed• UnderGrad• Utellus• Waleli

Cases are confidential

Example of a case

Company Ltd.

Professional Bodies:Robotics Institute,Society for Biomolecular Screening

Industry Bodies:Innomedica,IBC Life Science,HTS

Industry Group:Aberystwyth Qualitative Biology and Quantitative Analytical Biotechnology Group

Universities:University of Wales,& Manchester

Government Department:DTI Bio Wise

Spinout Programmes:Challenge Fund,Wales Spinout Programme

Network capital of “Company Ltd”

Venture level

University level

Regional level

GlobalStart Tools/Toolkit

•Benchmarking instrument•Development plan•Quality management handbook•Marketing and promotion plan•Balanced scorecard for universities•Monitor for entrepreneurship / global startups•Self assessment tool for to identify missing GS support functions

for spin-off consultants•Identification tool•Global business platform•COAP•Guidelines for technical assessment

for (potential) global startups•Business plan model

•Regional mapping instrument / checklist

tools and mechanisms, assisting entrepreneurs and spin-off managers in the successful creation of global start-ups

Tangible Results• Reports and studies• Tools on regional, university and venture levels

and toolkit• Joint Paxis workshop and dissemination materials• Increase of spin-offs with a global potential• Support of (international) growth paths of global

startup companies

Intangible Results• Mutual Learning

– working practice / Benchmarking / Delphi questionnaires

• Awareness– local, national and regional governments – conferences (e.g. eXist – Germany)

• Contacts• New Projects

– Tabled and discussed: Connect, Alfa, Inno a.o.• Value of the Paxis brand

– Connecting with the Excellent Regions

EU dimension

• Testing & Validating the methodology in a pan European context

• Joint Paxis Conference in June 2005 in Salamanca, Spain

• Challenge & task: Raising interest in -new- EU countries for supporting GS companies

Conclusions & Outlook

• One more year to go!• Codifying the methodology with tools, cases and

practices• European workshop

FROM PAXIS TO INNOEXTENDING THE NETWORK

Science to the Market