idealabs: contributing to the belgian entrepreneurial community
DESCRIPTION
What we've been up to since our launch, and what we are planning on doing.TRANSCRIPT
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
