Annika Skoglund Responsible for researchers 1. The Business plan competiton 2. Education process 3. Results 4. Questions
Annika Skoglund Responsible for researchers 1. The Business plan competiton 2. Education process 3. Results 4. Questions
Venture Cup West 1998 East 1999 South 2000 North - 2002
Aim Help researchers and students Aimat Swedish universities to transfer ideas to business. Promote entrepreneurship by a structurated knowledge and business process. Give first inspiration to
Organizers- East www.venturecup.org
Sponsors Main Partner: Partners: www.venturecup.org/ost
A competition in three steps From research Step 1 Step 2 Step 3 Business idea Market plan Business plan A competition in three steps To business Deadline 28 th October :: Max 2 pages Deadline 10 th February :: Max 12 pages Deadline 14 th April :: Max 20 pages Total prize sum: : 55 000 USD
Team Current Power Winners Current Power
Evaluation criterion From research Step 1 Business idea A competition in three steps Customer value Market Competition Step 2 Market plan Growth potential Business System Team qualification Step 3 Business plan Implementation Finance Profitability To business Max 2 pages 4 pages ap.dix Max 12 pages 8 pages ap.dix Max 20 pages 10 pages ap.dix
Deep thinking
Invited speaker
Excited audience
Encouraged winners!
Annika Skoglund Responsible for researchers 1. The Business plan competiton 2. Education process 3. Results 4. Questions
Informative education
Education Process A jury of entrepreneurs and Venture capitalists provide written and personal feedback after each step Feedback Education Education program Hands on seminars and workshops The Venture Cup Handbook Networking Inspiration Coaches Venture Cup gatherings with known and unknown entrepreneurs Coaching by specialists in various fields
Network Importance of a wide network Add competence to the team from: Business life Other research areas Students Finance the idea: Soft money Venture capital Business Angels International contacts - MIT
Active network
Annika Skoglund Responsible for researchers 1. The Business plan competiton 2. Education process 3. Results 4. Questions
Scouting ideas Individuals at universities with unique business ideas Coaches that has signed NDA, with contacts and ambition to provide professional help
Total entries 1998-2004 Competing Totalt antal ideas tävlingsbidrag Sweden between Sverige 1998-2004 - 2004 1200 1000 800 663 800 843 884 1002 600 400 200 0 201 1 2 3 4 5 6 In total 4393 business ideas have competed in Venture Cup Sweden.
Common branches IT/Software Health/Medical care BioTech Telecom Culture Energy 87 researchers 36 PhD students 442 students 754 total Spinoff company, company with patent and milestone payments, licensing, etc.
Competing researchers East 24,5 % Statistik - Sverige West 9,5 % South 15,5 % North 15,5 % Comments by researchers: Practical toolbox for transfer into business Valuable feedback for market perspective Important contacts and reliable network Media coverage and visability
Visability Vinnare
Result Venture Cup East Årtal Year 99/00 00/01 01/02 02/03 Totalt Startade Started företag companies 36 39 24 25 124 Result Venture Cup East Vilande Dormant företag 4 3 1 0 8 Konkurs Liquidation 0 3 0 0 3 Uppköpta Purchased 3 2 0 0 5 Antal Employed anställda 228 167 51 39 485 Investerat Invested capital kapital (i MUSD milj.) 267 27 111 1,3 12,5 0,5 2,1 393 39,8 If it hadn t been for Venture Cup - we had not existed Johan Löf, founder and CEO RaySearch Laboratories, winners in Venture Cup East 99/00 and first Venture Cup company on the stockmarket, best venture capital investment in BioTech 2001
Annika Skoglund Responsible for researchers 1. The Business Plan competiton 2. Education process 3. Results 4. Questions
Exhibition
Branches IT, mjukvara kultur, nöje, fritid hälsa, sjukvård elektronik, hårdvara konsultverksamhet transport livsmedel media handel bio-, miljö- och kemiteknik bygg, fastighet kläder, mode utbildning telekommunikation turism, hotell bank, finans verkstad 0% 2% 4% 6% 8% 10% 12%