Presentation to Czech Technology Agency April / 2015 Dr Sven-Thore Holm 1
Innovation/Commercialisation Structure of Sweden Department of Industry/Education VINNOVA R&D Regioner Universities,Institutes, Industry National Incubator system Science Parks Investment Fund of Sweden financing ALMI financing/business development SME Private Venture Capital Facts about Sweden Total population 9 million GDP 40.000 USD R&D 3.6% of GDP ( second in the World) 2
Industrial activities Paper/pulp/wood Metal/iron Advanced metal engineering Automotive Telecom/Information technology Advanced defense industry Industrial activities cont. Pharma industry Food industry (Functional Food ) Environment protection industry Packageing industry Service industry 3
How can innovations be turned into business and economic growth? In the following I will introduce a shortcut Step 1: Acknowledge that a full scale innovation system must be a vital part of modern infrastructure. Step 2: There must be political committements on central, regional and local level to create an innovation chain. Step 3: A committed professional team must be created 4
Creation of a Working Innovation Chain Feedstream Coaching Soft financing Patent/licensing Equity Feedstream.Systems for increasing the entrepreneurial spirit.creative thinking on all levels. National/regional competition in creating a business plan 5
Feedstream Practical Entrepreneurial education on university level (Not only theory ) Establishment of functional structures for scouting of inventions in all universities and institutes. Technology Transfer Officies (TTO) Physical Structures Incubators with professional business and educational support. Science Parks 6
Coaching Critical mass of professional business coaching The 18 step program Stage 1 Investigation TECHNICAL MARKET BUSINESS TECHNICAL ANALYSIS STEP 1 Define concept Confirm critical assumptions Survey state of the art CONCEPT PHASE MARKET NEEDS ASSESSMENT STEP 2 Conduct market overview Id pricing structure Id market barriers VENTURE ASSESSMENT STEP 3 Estimate profit potential Conduct self, enterprise and commercialization assessments Stage 2 Feasibility Stage 3 Development TECHNICAL FEASIBILITY STEP 4 Develop working model Test technical features ENGINEERING PROTOTYPE STEP 7 Develop prototype Id materials and processes DEVELOPMENT PHASE MARKET STUDY STEP 5 Id and quantify: Market size STRATEGIC MARKET PLAN STEP 8 Id marketing team Define target market ECONOMIC FEASIBILITY STEP 6 Formulate financial assumptions Develop pro forma STRATEGIC BUSINESS PLAN STEP 9 Decide venture or license Finalize intellectual property 7
TECHNICAL MARKET BUSINESS Stage 4 Introduction PRE-PRODUCTION PROTOTYPE STEP 10 Develop production prototype Determine production process MARKET VALIDATION STEP 11 Conduct market overview Id pricing structure Id market barriers BUSINESS START-UP STEP 12 Establish business function Hire staff Execute contracts Stage 5 Growth Stage 6 Maturity PRODUCTION STEP 13 Prepare commercial design production prototype Establish quality control PRODUCTION SUPPORT STEP 16 Maximize production Establish after market support, repairs and spares COMMERCIAL PHASE SALES AND DISTRIBUTION STEP 14 Expand distribution Analyze competitor response MARKET DIVERSIFICATION STEP 17 Develop market retention Establish market scan Id new markets ECONOMIC FEASIBILITY STEP 15 Monitor enterprise position Hire and train personnel Execute contracts STRATEGIC BUSINESS PLAN STEP 18 Establish SWOT process Invest profits Monitor product life cycle Patent/licensing Professional structure for patenting and global licensing 8
Creation of a financial toolbox Grants. Verification/Proof of Concept. Soft loans. Early stage equity The Financial Toolbox Grants 25.000 Verification 40.000 Public soft loans 40.000 Public pre-pre seed equity 50.000 Public/private equity 750.000 Private equity (institutions/angels) 9
Equity Creation of professional early stage equity structures. Based on private and public money Bridging the Financing Gap A System for Developing Brilliant Ideas to Commercial Success 10
Results Thousands of new high-tech companies Tens of thousands of employees SME growing faster Dozens of Multinationals Technology Transfer to SME:S Technology Transfer to SME:S Establishment of a Knowledge Bridge Structure providing SME (Small and Medium sized Enterprises) with new knowledge 11
Suggestion Since LundaVision Ltd has been involved in one of the most developed system for knowledge transfer in Europe, LundaVision could be a supplier of an integrated fullscale innovation system. Thank you for listening! 12