INNOVATION, UNIVERSITY & ENGINEERING Josep M. Pique jmpique@technovabarcelona.org
AGENDA 1. THE HIGH GROWTH INDUSTRY 2. ECOSYSTEMS OF INNOVATION 3. THE ROADMAP FOR DEVELOPING AREAS OF INNOVATION 4. CASES 5. LA SALLE TECHNOVA TOOLKIT 6. CONCLUSIONS
Creation and Management of an Innovation Park 1.- THE HIGH GROWTH INDUSTRY
1.1.- Bridging de Gap Opportunity People Bridging Value Tech Money Ecology Innovation Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.2.- Adding Technology Value Market Introduction Value Regulatory Approvals Manufacturing Prototype Working Prototype Patent Application Feasibility or Prototype Concept Time Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.3.- Adding Market Value Backlog Satisfied Customers Value Market Launch Beta Test Technical Reports Published Surveys/Concept Testing Qualitative Research (Focus Groups) Market Analysis - Published Data Time Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.4.- Adding Management Value Human Resources Mgr Chief Financial Officer Value Sales Manager Manufacturing Vice President Controller Marketing Vice President President Chief Technologist Time Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.5.- Valuation in Steps Market Traction Scale Validated Predictable Scale Early ValidationI II III IV Concept Defined Time Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.6.- High Growth Industry T P M Cash Flow T I P M II III IV Visioning the Future into the Present P T M T P M Time Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.7.- The Path to Grow Market Traction Scale Validated Predictable Scale IPO M&A Concept Defined Early ValidationI Seed Series A II III IV Series B Series n Time Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
1.8.- High Growth Industry Source: Jerry Engel Steve Blank 2015
Creation and Management of an Innovation Park 2.- ECOSYSTEMS OF INNOVATION
2.0.- Triple Helix + Demand Government Quadruple Helix Tax & Law Organization Public Procurement Challenges Needs Ecology of Innovation University Industry Education Research Transfer Corporation SME New Source: Josep Pique, Montse Pareja & Luis Sanz, 2014.
2.0.- Triple Helix + Demand University Industry Government Source: Henry Etzkowitz, Francesc Solé Parellada & Josep Piqué. 2007.
2.1.- Open Innovation & Corporate Entrepreneurship
2.1.- Open Innovation Tool Kit Location Internal External Aligns with Core Internal Development Acquisition Fit Non-core New Business Investment Source: Jerry Engel, 2011
2.2.- Clusters of Innovation Universities Large Pools of Private Capital Major Corporations/ Strategic Investors/ R&D Centers/ Potential Acquirers Entrepreneurs Management Public Stock Markets Government Venture Capital Investors Professions Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.2.- Clusters of Innovation 1. MOBILITY KEY MECHANISM 2. ENTREPRENEURIAL PROCESS 3. BORN GLOBAL COMPANIES People 4. ALIGNMENT OF INCENTIVES (Rules of the game) Tech Money Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.2.- Clusters of Innovation 1. MOBILITY 2. ENTREPRENEURIAL PROCESS 3. BORN GLOBAL COMPANIES 4. ALIGNMENT OF INCENTIVES RESOURCES -technology, capital, people- - not exclusively within the firms - move continuously - one resource can be part of diverse firms - crossing the boundaries of the firms - crossing geographic boundaries R FIRM R R FIRM FIRM R FIRM BORN GLOBAL COMPANIES R Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.2.- Clusters of Innovation 1. MOBILITY 2. ENTREPRENEURIAL PROCESS 3. BORN GLOBAL COMPANIES 4. ALIGNMENT OF INCENTIVES (Rules of the game) Specialize in NEW FIRM CREATION identifying OPPORTUNITIES raising CAPITAL making EARLY STAGE INVESTMENTS- VCs managing IP Lawyers teaching ENTREPRENEURSHIP- universities SHORT EMPLOYMENT CYCLES - people are ROLE PLAYERS and understand the WHOLE PROCESS from the RESEARCH to the EXIT Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.2.- Clusters of Innovation 1. MOBILITY 2. ENTREPRENEURIAL PROCESS 3. BORN GLOBAL COMPANIES companies that give consideration to international resources and markets from the beginning (Knight, Oviatt, McDougall) GLOBAL PERSPECTIVE FROM THE START 4. ALIGNMENT OF INCENTIVES (Rules of the game) Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.2.- Clusters of Innovation 1. MOBILITY 2. ENTREPRENEURIAL PROCESS 3. BORN GLOBAL COMPANIES 4. ALIGNMENT OF INCENTIVES ALIGNED INCENTIVES: - Shared ownership - Win & Win mechanisms RISK and FAILURE acceptance - Failure can add VALUE to pursuit the SUCCESS All players understand and ACCEPT the RULES OF THE GAME Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.3.- Super Clusters of Innovation Clusters of Innovation Networks of COI Super-COI MOBILE COI Remote COI COMPONENTS LINKS -Born Global Startups -Mature Corporations -Entrepreneurs -Professional and Angel Investors -Universities -Governments -. Mobility leads to COLLABORATION with mobile resources - Financial Centers - Internet Hubs - Transportation Hubs DURABLE BONDS + Weak Ties -Global collaboration -Web of interrelations. -Shared values -Aligned Incentives with mobile resources COVALENT BONDS + Durable bonds + Weak Ties - Tight Interrelations - Mutual Dependency -Business Integration -Unified values -Aligned Incentives Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
2.3.- Super Clusters of Innovation MOBILITY OF RESOURCES Capital People Technology Source: Jerry Engel, Josep Pique & Itxaso del Palacio, 2010.
Creation and Management of an Innovation Park 3.- ROADMAP
3.1.- METAMODEL Attraction Retention Development Creation Talent Promotion Landing Coaching Growth Companies Science Technology Industry Market Governance Soft Factors Planning Management Infrastructures Buildings Hard Factors Source: Josep Pique & Montserrat Pareja, 2013.
3.2.- Process GOVERNANCE Goal Strategy Present VISION ASSETS ACTIVITIES CHALLENGES ACTIONS
3.3.- Definition Definition Launching Growth Maturity Management of the Talent Management of Businesses Key Role: Government and Universities Key Role: Adding tractor companies Key Role: Assignment of leadership in business associations and clusters Key Role: Explicit leadership from Companies, talent and related networks Promoters Managers of the AI s Communities and Networks International Networks Involvement of Business Entities Tractor Companies Attraction of Companies and Creation of Companies Local Social Networks Growth Models Decentralization and internationalization Ecology of Innovation Involvement of Key Institutions: Universities, Government and Associations of Companies Location of Research and Technology Centers Incubation and landing services Clusterization Certification Open Innovation Management Super Clusters Megaregions Network of Networks of Research and Innovation Urbanism, Infrastruct. and Construction Planning Utilities Consulting Real Estate Developers Investors Real Estate Developers Territorial Growth Exporting the Model Source: Josep Pique, Montse Pareja & Luis Sanz, 2014.
3.4.- Launching Definition Launching Growth Maturity Management of the Talent Management of Businesses Key Role: Government and Universities Key Role: Adding tractor companies Key Role: Assignment of leadership in business associations and clusters Key Role: Explicit leadership from Companies, talent and related networks Promoters Managers of the AI s Communities and Networks International Networks Involvement of Business Entities Tractor Companies Attraction of Companies and Creation of Companies Local Social Networks Growth Models Decentralization and internationalization Ecology of Innovation Involvement of Key Institutions: Universities, Government and Associations of Companies Location of Research and Technology Centers Incubation and landing services Clusterization Certification Open Innovation Management Super Clusters Megaregions Network of Networks of Research and Innovation Urbanism, Infrastruct. and Construction Planning Utilities Consulting Real Estate Developers Investors Real Estate Developers Territorial Growth Exporting the Model Source: Josep Pique, Montse Pareja & Luis Sanz, 2014.
3.5.- Growth Definition Launching Growth Maturity Management of the Talent Management of Businesses Key Role: Government and Universities Key Role: Adding tractor companies Key Role: Assignment of leadership in business associations and clusters Key Role: Explicit leadership from Companies, talent and related networks Promoters Managers of the AI s Communities and Networks International Networks Involvement of Business Entities Tractor Companies Attraction of Companies and Creation of Companies Local Social Networks Growth Models Decentralization and internationalization Ecology of Innovation Involvement of Key Institutions: Universities, Government and Associations of Companies Location of Research and Technology Centers Incubation and landing services Clusterization Certification Open Innovation Management Super Clusters Megaregions Network of Networks of Research and Innovation Urbanism, Infrastruct. and Construction Planning Utilities Consulting Real Estate Developers Investors Real Estate Developers Territorial Growth Exporting the Model Source: Josep Pique, Montse Pareja & Luis Sanz, 2014.
3.6.- Maturity Definition Launching Growth Maturity Management of the Talent Management of Businesses Key Role: Government and Universities Key Role: Adding tractor companies Key Role: Assignment of leadership in business associations and clusters Key Role: Explicit leadership from Companies, talent and related networks Promoters Managers of the AI s Communities and Networks International Networks Involvement of Business Entities Tractor Companies Attraction of Companies and Creation of Companies Local Social Networks Growth Models Decentralization and internationalization Ecology of Innovation Involvement of Key Institutions: Universities, Government and Associations of Companies Location of Research and Technology Centers Incubation and landing services Clusterization Certification Open Innovation Management Super Clusters Megaregions Network of Networks of Research and Innovation Urbanism, Infrastruct. and Construction Planning Utilities Consulting Real Estate Developers Investors Real Estate Developers Territorial Growth Exporting the Model Source: Josep Pique, Montse Pareja & Luis Sanz, 2014.
4.- CASES Creation and Management of an Innovation Park
4.1.- Stanford Research Park (1951)
4.2.- Cambridge Science Park (1971)
4.3.- Tuspark (1994)
4.4.- 22@Barcelona (2000) @ ECONOMICS GREEN INFRASTRUCTURES HOUSING SCIENCE AND TECH MOBILITY QUALITY OF LIFE SMART GROWTH GREEN GROWTH INCLUSIVE GROWTH
4.5.- Ciudad del Saber Panamá (2000)
4.6.- TECNOPUC Porto Alegre (2004)
4.7.- Skolkovo (2009)
4.8.- Ruta N Medellín (2009)
4.9.- MIT-Kendall Square Innovation District (2013)
4.10.- La Salle Technova Barcelona (2001)
4.11.- IASP (1984) Argentina Armenia Australia Austria Azerbaijan Bangladesh Belarus Belgium Botswana Brazil Bulgaria Canada China Colombia Croatia Czech Republic Denmark Ecuador Estonia Finland France Germany Greece Iceland India Indonesia Iran Italy Japan Jordan Kenya Korea Kosovo Kuwait Latvia Lithuania Luxembourg Macedonia Malaysia Mexico Morocco Namibia Nigeria Norway Oman Pakistan Panama Paraguay Peru Poland Portugal Qatar Romania Russia Saudi Arabia Singapore Slovakia Slovenia South Africa Spain Sudan Sweden Switzerland Taiwan (China) Thailand The Netherlands Tunisia Turkey United Arab Emirates United Kingdom Uruguay USA Venezuela Vietnam
Creation and Management of an Innovation Park 5.- LA SALLE TECHNOVA TOOLKIT
5.0.- LA SALLE TECHNOVA TOOLKIT E D U C A T I O N E N T R E P R E N E U R S BUSINES IDEA CONTEST PRE ACCELE RATOR AFILIATION INCUBATION MENTORING ALUMNI BUSINESS ANGELS SCHOOL INVESTORS NETWORK MARKET I N T E R N A T I O N A L E V E N T S LA SALLE TECHNOVA TOOLKIT!
5.1.- EDUCATION ON ENTREPRENEURSHIP E D U C A T I O N E N T R E P R E N E U R S 1 LA SALLE TECHNOVA TOOLKIT
5.2.- BUSINESS IDEA CONTEST E N T R E P R E N E U R S BUSINESS IDEA CONTEST 2 LA SALLE TECHNOVA MODEL
5.3.- PREACCELERATOR PRE ACCELE RATOR 3 LA SALLE TECHNOVA TOOLKIT
5.4.- INCUBATION - AFILIATION AFILIATION INCUBATION 4 LA SALLE TECHNOVA TOOLKIT
5.5.- ALUMNI ALUMNI 5 LA SALLE TECHNOVA MODEL
5.6.- MENTORING MENTORING 6 LA SALLE TECHNOVA TOOLKIT
5.7.- INVESTORS NETWORK INVESTORS NETWORK PUBLIC FUNDING PRIVATE FUNDING 7 LA SALLE TECHNOVA TOOLKIT
5.8.- BUSINESS ANGELS SCHOOL BUSINESS ANGELS SCHOOL 8 LA SALLE TECHNOVA TOOLKIT
5.9.- MARKET MARKET 9 LA SALLE TECHNOVA TOOLKIT
5.10.- EVENT - INTERNATIONALIZATION E V E N T S I N T E R N A T I O N A L 10 LA SALLE TECHNOVA TOOLKIT
5.!.- LA SALLE TECHNOVA TOOLKIT ALUMNI 250 Start Ups 300 Projects/Year E D U C A T I O N E N T R E P R E N E U R S BUSINES IDEA CONTEST PRE ACCELE RATOR MENTORING AFILIATION INCUBATION INVESTORS NETWORK MARKET E V E N T S I N T E R N A T I O N A L 15 YEARS BUSINESS ANGELS SCHOOL
Creation and Management of an Innovation Park 6.- CONCLUSIONS
6. Conclusions Knowledge Based Economy needs Talent and Technology for transforming Opporunities to Value: New Skills / New Learning Process Universities and Business Schools are part of the Ecosystem of Innovation. Entrepreneurs are the Innovation Department of the Big Coporations (Open Innovation) The Innovation Parks are the connectors with the Local Ecosystems of Innovation and the Global Innovation System. From Stanford to La Salle Technova, there are different models of Parks. You have to design the best for you and your community: The Roadmap will bring you to the future!
INNOVATION, UNIVERSITY & ENGINEERING Josep M. Pique jmpique@technovabarcelona.org