UBI Index - Global Release Event @ RocketSpace June 6
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The event on June 6 invited incubator managers and business developers, developers of universities, policy makers, thought leaders in innovation, angel investors and VC’s to come and to learn best practices on the world’s leading university business incubators. But also to find out how new companies are getting created by the next generation of entrepreneurs. Keynote speakers were Leandro Margulis, Director of Impulsa California and Björn Lasse Herrmann, Founder of The Startup Genome Report. The Global Top List of University Business Incubators was revealed and recognitions were given to 5 incubators in different categories. To know more about the study, the event and the global benchmark report please contact ali@ubiindex.com Web: ubiindex.com
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UBI Index - Global Release Event @ RocketSpace June 6
- 1. #topincubator Global Benchmark Release 2013 June 6 @ RocketSpace San Francisco, CA
- 2. #topincubator 5.00 Welcome UBI Index & Silicon Vikings 5.05 Background of report Insights and Best practices 5.30 Keynote: Leandro Margulis Post-Incubation Growth Challenges 5.50 Global Top 25 list Incubator Recognitions 6.05 Keynote: Björn Lasse Herrmann “Why startup fails?” 6.30 Networking and Food Fenox Venture Capital 7.00 Event 2: Nordic Startups
- 3. #topincubator Joel Eriksson Enquist Founder of UBI Index
- 4. #topincubator The UBI Index Team
- 5. #topincubator Lars-Henrik Friis Molin Founder • Founder of Universum Group • Founder of Jobline (sold for 200 MUSD to monster.com) • Founder of +18 other companies, sold 10 Joel Enquist Founder • VC at Creandum • EIR at Nebula Ventures • Founder of 5 non-profits and 1 consulting firm • Researcher • Consultant Dhruv Bhatli Co-Founder & Research Director Ali Amin Co-founder & Sales and Marketing Director • Top Student • Entrepreneur +20 industry experts (both academic and practical expertise)
- 6. #topincubator The story about UBI Index
- 7. #topincubator Why university incubators? • You have a ‘base level’ of funding • Access to information and technical expertise • Alumni networks • Access to untapped talent • Creates some legitimacy from the start • etc… Should be a great environment to start…
- 8. #topincubator .. but successful entrepreneurs chose not to participate in university incubator programs Some that have states that “We succeeded even though we did went through the university incubator” What is done right/wrong?
- 9. #topincubator Why create a Top list?
- 10. #topincubator Criticism • Some university incubators’ main goal is only to inspire • It is unfair to compare incubators with different sector focus (biotech vs. IT) • University incubators should take care of the weaker startups that do not manage to fundraise • University incubators creates much more values than the commercial aspects, and those values can not be assessed • It is so dependent on the ecosystem Ok, as long as they do not forget to support the ‘real’ entrepreneurs Agree, we have taken this into consideration in our model + we do a specific sector top list Ok, but they still need to create success stories out of these to become a top incubator Agree, but commercial success stories supports that those values are there, or are likely to be developed Agree, it is an advantage for startups born in larger markets, which we compensate for, but we believe it is the incubator’s job to try to compensate that gap
- 11. #topincubator We want to push the industry • University incubators should focus on the entrepreneurs • Universities should support entrepreneurial activities • We want to keep the debate alive Join us! For any questions or input, please contact me at joel@ubiindex.com
- 12. #topincubator Dhruv Bhatli Founder of UBI Index
- 13. #topincubator BENCHMARK 2013 TOP UNIVERSITY BUSINESS INCUBATORS UBI INDEX
- 14. #topincubator 500+ UNIVERSITY BUSINESS INCUBATORS CONTACTED DATA COLLECTED % OF DATA USED IN THE BENCHMARK REPORT 85% 150+ 100+ INTERVIEWSQUESTIONNAIRES BENCHMARK SAMPLE
- 15. #topincubator A GLOBAL STUDY • USA • Canada • Mexico • Brazil AMERICAS EUROPE OTHERS • Ireland • Germany • Sweden • Finland • Italy • France • U.K • Netherlands • Austria • Norway • Russia • Australia • Taiwan • Singapore • Israel • India • China • Japan 22Countries Represented
- 16. #topincubator UBI ASSESMENT FRAMEWORK Available upon request e-mail: ali@ubiindex.com
- 17. #topincubator TOP UNIVERSITY BUSINESS INCUBATORS BENCHMARK REPORT 2013 IDENTIFY BENCHMARK INSIGHTS 1 2 3 Available upon request e-mail: ali@ubiindex.com
- 18. #topincubator TOP INCUBATORS ARE STEROIDS FOR THE ECONOMY MUCH MORE BOOST THAN AVERAGE INCUBATORS JOBS CREATED PER YEAR 82.7 2.8X Graduated clients that remain in the region 3.3X 62% TOTAL SALES REVENUE PER YEAR $10.4 M 45% %ofGraduatedClients thatSurviveandgrow + GLOBAL AVG Graduated clients that remain in the region 27% + RELOCATION: POST GRADUATION SURVIVAL & GROWTH GLOBAL AVG HIGHER HIGHERGLOBAL AVG Available upon request e-mail: ali@ubiindex.com Available upon request e-mail: ali@ubiindex.com
- 19. #topincubator TOP INCUBATORS PROVIDE AWESOME TRAINING AND BETTER ACCESS TO FUNDS 6.8 23% # OF ACTIVE COACHES GLOBAL AVG HIGHER 40.6 19% # OF ACTIVE MENTORS HIGHER 17.8h GLOBAL AVG #hoursperclientpermonth 13h GLOBAL AVG #hoursperclientpermonth 2X 1.7X $ # CLIENTS THAT RECEIVE VC FUNDING $ ACCESS TO FUNDS 2X 25% + INCUBATORS OWN SEED FUND Available upon request e-mail: ali@ubiindex.com Available upon request e-mail: ali@ubiindex.com Available upon request e-mail: ali@ubiinde x.com Available upon request e-mail: ali@ubiindex.com
- 20. #topincubator TOP INCUBATORS ARE ATTRACTIVE 30% % INCUBATORS THAT TAKE EQUITY IN THEIR CLIENT 7.3 % Mean Size of Equity Taken 21%LOWER MORE Coaches and mentors with entrepreneurial background Available upon request e-mail: ali@ubiindex.com Available upon request e-mail: ali@ubiindex.com
- 21. #topincubator TOP INCUBATORS HAVE LONG RUN IMPACT ON THE ECONOMY 37.1% % GRADUATED CLIENTS WITH OPERATIONS 5 YRS POST GRADUATION 1.8XHIGHER 1.9X + MERGERS ACQUISTIONS IPO’S HIGHERAvailable upon request e-mail: ali@ubiindex.com
- 22. #topincubator HIGHER 1.45X 2.9X HIGHER FUNDS: INCUBATOR OPERATIONS INCUBATORS OWN SEED FUND 30% LOWER # Jobs per year 66% LOWER Sales revenue per year 21% LOWER # Clients that survive and grow profitable 42% LOWER # Hours: coaching spent per client per month LOWER # Hours: mentoring spent per client per month 57% MUCH HIGHER Mean size of equity taken by incubators in their clients 12.9% EUROPE HAS TO GET ITS ACT TOGETHER Available upon request e-mail: ali@ubiindex.com Available upon request e-mail: ali@ubiindex.com Available upon request e-mail: ali@ubiindex.com
- 23. #topincubator PUBLIC FUNDING IS NOT THE PRIMARY SOURCE OF FUNDING FOR TOP INCUBATORS NEARLY HALF 49% HIGHER THE FUNDS FOR INCUBATOR OPERATIONS ARE EITHER PRIVATE OR SELF GENERATED SELF GENERATED FUNDS THAN GA Available upon request e-mail: ali@ubiindex.com
- 24. #topincubator KEY DRIVERS OF SUCCESS • Creating a large ecosystem and being part of an active community • Quality of training & education • Choosing the right companies Available upon request e-mail: ali@ubiindex.com
- 25. #topincubator KEY CONSTRAINTS • Insufficient physical capacity • Issues with awareness, press coverage and branding • Problems with fund raising, especially for non R&D purposes Available upon request e-mail: ali@ubiindex.com
- 26. #topincubator FEW BEST PRACTICES • Contribute to the ecosystem • Choose clients wisely • Ensure right competence development Environment/ background/ quantity/ engage • Run it like a startup • PR is serious business Available upon request e-mail: ali@ubiindex.com
- 27. #topincubator Luis Margulis Director of Impulsa California
- 29. #topincubator TOP UNIVERSITY BUSINESS INCUBATORS • Rice Alliance for Technology and Entrepreneurship, United States • VentureLab, United States • UB Technology Incubator, United States • NDRC LaunchPad, Ireland {Republic} • SETsquared, United Kingdom • Innovation Centre Sunshine Coast, Australia • Tech 20/20, United States • ATP Innovations Pty Ltd, Australia • STING, Sweden • NCTU Innovation Incubation Center, Taiwan • Youngstown Business Incubator, United States • I3P, Italy • Vermont Center for Emerging Technologies, United States • Jon Brumley Texas Venture Labs, United States • Startup Sauna, Finland
- 30. #topincubator TOP UNIVERSITY BUSINESS INCUBATORS • InNOLEvation Accelerator, United States • TEC Edmonton, Canada • ASU Venture Catalyst, United States • Oxford Entrepreneurs Incubation Centre, United Kingdom • Mason Enterprise Center, United States • NYU-Poly Incubator, United States • Profund - Berlin Freie Universität, Germany • Sid Martin Biotechnology Incubator, United States • Advanced Science and Commercialization Center, United States • Incubateur HEC, France • StarTau, Israel • Flagship Enterprise Center, United States • Digital Media Zone, Canada
- 31. #topincubator UBI Index Top Young University Business Incubator
- 32. #topincubator
- 33. #topincubator UBI Index Top Biotech University Business Incubator
- 34. #topincubator
- 35. #topincubator UBI Index Top IT University Business Incubator
- 36. #topincubator
- 37. #topincubator UBI Index Top Life Sciences University Business Incubator
- 38. #topincubator
- 39. #topincubator UBI Index Top Global University Business Incubator
- 40. #topincubator
- 41. #topincubator Björn Lasse Herrmann Founder of Startup Compass
- 42. #topincubator Thank you! Want to learn more? Contact Ali Amin, Co-founder of UBI Index ali@ubiindex.com You can also visit ubiindex.com for more and information and also to pre-order your copy today!
Notas del editor
- Should be like this: University Incubators could be successful models because they merge all of the talent of academia, science, and business. All of the areas create a system that mitigates risk and promotes successful ventures
- 6. Many people say that it is not possible to create a top list of university incubators, because: 1. Many university incubators goals are to "inspire to entrepreneurship" 2. Many icubators focus on creating a diversified business landscape in the area (and it is therefore harder to push out new sectors that has not been in the region before) – example, Rovio, Supercell etc in Helsinki. -> angel money + inspiration -> kickstarting the ecosystem. This with diversification is even better 3. It is so dependent on the ecosystem that it is unfair, especially if you compare something with the US
- 1. In Sweden, we have extensive experience from UX, mobile and internet competence areas. Everyone can travel to the largest entrepreneurship centers in Europe within a couple of hours at a decent cost. The Nordics are spitting out billion dollar company after each other. 2. It sure is an advantage if your incubator is located at Sand Hill road, but with today's technology, you can remotely invite inspirational speakers via Video chat (such as AVC and spainish incubator) and you can have teams going to silicon valley to establish the right networks (Startup Sauna). You just need to work harder, and that is your job as an incubator manager. Otherwise, you can be an ok incubator, but not a top incubator. 3. Many people blame that they can't do this or that because they do not get enough funding from the university or the government, but we can se examples of incubators that had have the same problem but been entrepreneurial and found revenue streams from selling services or licensing office space to large corporations that can pay for it to subsidize services for the incubates. To be a top incubators, you need to have a entrepreneurial mindset form the top to the ground. And that includes that all stakeholders including the university in itself allows you to be entrepreneurial. So fundamental, but still so many universities that do not let their incubators do what is best for the entrepreneurs. Simple reasons like this, forced us to do this, to keep the debate live and to push the industry forward, and beceme a more entrepreneur-centric industry than it has been in the past. This is our view, our quest and we need everyones input and support to become stronger, more accurate in the aspects that we push and get more data that supports our recommendations. I hope that everyone of you help spread the world and sign up for our panel on our website so that we can help push the incubator industry together and help change the life of millions of people by allowing to create more vibrant startups around the world. Universities has historically been seen as the innovation centre in the society, lets help them catch up and give them the guidance they need to become it once again. Thank you. + Mindset of creating small companies vs. billion dollar companies. University incubators should be a place for people and startups that want to change the world, not only change the region. (we are entrepreneurs that want to change the world, and want to support other entrepreneurs that want to change the world, the ones that want to change the region just come too low on the priority list)