Innovation & Entrepreneurship Lab at ETH Zürich 15 May 2018 Dr. Tomas Brenner Innovation & Entrepreneurship Lab, ETH Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 1
How to Achieve the Biggest Impact for Society? Start-ups Large companies Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 2
Incumbant Companies - ETH Technology Inside! ETH transfer 2017 307 Research Contracts + 16 EU grants (2016!) 191 Invention Disclosures (20 SW) 84 Patent applications 82 Licenses (40 SW) 851 PhD & 2,015 Masters dispatched to industry (2016!) Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 3
Start-ups Create New Jobs (USA Data) Jobs created Start-ups Incumbent Companies Data: Kauffman Foundation, USA Big companies start small! Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 4
Living a Culture of Innovation & Entrepreneurship at ETH Zurich Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 5
Entrepreneurship - an Integral Part of the ETH Culture 1 st + 2 nd Mission University Industry Focus Projects Student Projects Pioneer Fellows Spin-Offs Entrepreneurs Company Executives 3 rd Mission Departments ielab Wyss Zürich Technopark Corporate World Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 6
Entrepreneurship Ecosystem of ETH Zürich Pioneer Fellowship Entrepreneurial Focus Projects D MTEC Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 7
Founders «Valley of Death» Research Grants (NSF, EU Grants) Development Grants (CTI ) Pre-Seed Grants Friends, Family & Fools Business Angels, Seed VCs Early Stage VCs, Corp. Partners Late Stage VCs Private Equity M&A / IPO.. Startup Foundation Basic Research Applied Research Proof of Concept Business Case Prototype Valley of Death Focus Projects Student Projects Pioneer Fellowships Innovation & Entrepreneurship Lab Entrepreneur Club Student Project House Product Development Alpha Series Technopark Zurich Wyss Zurich ESA BIC Switzerland Growth / Revenue ETH spin-offs 16 ETH Departments Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 8
Ask successful entrepreneurs What would have made a major difference in the early phase of your young start-up? Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 9
their answers Seed Capital Initial funding to bridge the valley of death from scientific findings to a early stage start-up Peer Home A second home ( a biotope ) for like-minded young ETH scientists with entrepreneurial aspirations: Peer support and peer pressure Coaching Networks Supervision and support by experienced, successful entrepreneurs with a similar background: Compelling role models Access to all ETH entities, 380 ETH spin-offs, Biz Angels, VCs and CH Start-up ecosystem, coaches, experts, service providers Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 10
Pioneer Fellowship Program (est. 2010) 18 month duration, 150 KCHF seed funding financed by donations (via ETH foundation) Promote ETH talents who want to pursue an entrepreneurial career Move ETH research results to the market Access to all services of the Innovation & Entrepreneurship Lab (ielab) Benefits for Program Partners Interaction with next generation entrepreneurs Early insight into disruptive innovative ETH technologies Participation in public & private events Visibility of partnership with ETH Zurich Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 11
ielab & Pioneer Fellowship Program (2010 2017) granted 78 currently 20 founded 45 at ielab 6 conversion rate 2 of 3 Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 12
2010 2017: 45 ETH spin-offs founded by Pioneer Fellows! Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 13
ETH Innovation & Entrepreneurship Lab (est. 2012) Deep Science Accelerator Peer Home Coaching Training Events Networks An entrepreneurship peer home ( melting pot ) for peer support and peer pressure 48 working desks 42 lab benches (2 locations) Individual coaching by experienced serial entrepreneurs, successful ETH founders and industry experts Complementary entrepreneurship training incl. Seminars, Workshops, Round Tables, Immersion Experience Spin-off / Thanksgiving dinner, Meet the Coaches, 3 Pi Competition Access to all ETH entities, 380 ETH spin-offs, Biz Angels, VCs and CH Start-up ecosystem Social Media ETH founders community Beekeeper Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 14
The Pioneer Fellowship Lifecycle Stage Gate Process PD - 2... KO GR6 GR12 / FR 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 FR CC..... PD Pitch Day KO Kick-Off Meeting GR Gate Review FR Final Review CC Certificate Ceremony 2 Dual Pioneer Fellows Go / NoGo Stop Spin-off Entrepreneurial graduates Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 15
Pioneer Projects Collaborations with HSLU: Design Thinking (UX) w / Dr. C Acklin, HSLU Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 16
ETH Spin-offs: Conditions and Benefits Requirements for ETH Spinoffs Benefits for ETH Spinoffs ETH technology, know-how or software Know-how or unlicensed technology to be verified with ETH group / professor At least one founder is ETH student, employee, or alumnus and Business idea and plan are sound and sustainable Team demonstrates entrepreneurial skills and Impact on Swiss economy Company founded less than 2 years ago Rent offices and lab spaces and use infrastructure at preferred conditions at ETH and Technopark (for 2+1 years) Get (limited) consulting and coaching Link to Venture Incubator and other VC s Use of ETH spin-off label Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 17
380 ETH Spin-offs in 21 years 5 years survival rate is 92% (rolling average) 1/3 Lifescience, 1/3 ICT and 1/3 Engineering In 2017: 25 ETH spin-offs 1 of 3 ETH spin-off founded by Pioneer Fellows 2 of 3 Pioneer Fellows founded an ETH spin-off Detailed statistics are published in the yearly press release (January 5, 2018) https://www.ethz.ch/en/news-and-events/eth-news/news/2018/01/the-strength-of-digitalisation-and-a-strong-community.html Tomas Brenner 18 Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 18
Acquisitions and IPOs of ETH Spin-offs 2002-2017 > CHF 2 Billion kuros therapeutics Straumann SPECS 2009 Sunstar Camlin Group JDSU GSK RGB Systems Astorg Group IPO 2002 Synopsis 2004 IPO 2007 Glutz AG 2006 ESRI Nuance Vizrt 2011 Qualcom J&J 2014 Logitech GoPro Suisse Husqvarna Group (Redvax) Pfizer Facebook 2016 LEONI Magic Leap 2017 Roche 2005 Wüest & Partner Microsoft IPO Apple 2013 2015 Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 19
27 ETH Spin-Offs are in the TOP 100 Swiss Start-ups 2017 Swiss Wood Solutions Allthings Technologies Nexiot Xorlab INS_Logo Perspective Robotics Uepaa 2017 data from www.startup.ch Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 20
Entrepreneurship in a Nutshell Intel Corp Founders: Gordon Moore and Robert Noyce Intel Business Plan Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 21
Thank you for your attention Dr. Tomas Brenner ETH Innovation & Entrepreneurship Lab T: +41 44 633 83 95 M: +41 76 342 46 56 E: tomas.brenner@sl.ethz.ch www.transfer.ethz.ch www.spinoff.ethz.ch www.ethz.ch/ielab Innovation & Entrepreneurship Lab ETH Tomas Brenner May 15, 2018 22