The Netherlands Compared to the world 135th Size 61th Population 17th Economy GDP 12 Universities in top 200 7th Investor 6th Innovation 5th Competitiveness 5th Export 2nd Agro export 1st.?
Introduction Martin Luxemburg MSc Nationality: Dutch Sports: Badminton, Running Master: Financial Management Passioned about entrepreneurship and innovation
Introduction Martin Luxemburg MSc 2008 Luxemburg Consultancy 2010 Managing partner H&K Consultancy - Consultancy (advice & projectmanagement) - Ventures (new concepts and seed investment) 2010 Co-director Holland Program on Entrepreneurship (5 million) 2012 Co-director Valorisatieprogramma Rotterdam (12 million) 2012 Co-founder Get in the Ring Global (award winning worldwide investment competition) 2013 Co-founder Erasmus Centre for Entrepreneurship Other: Board member foundation Artemis One Health Research (Prof. Dr. Ab Osterhaus) Co-director SMO, the think tank of the Netherlands since 1968
Global Challenges We need innovations! The combination of science & entrepreneurship
Science (European) Knowledge Paradox Strong academic Centres Knowledge & Knowhow Built up Excellent research output 12 universities in the top 200 (Netherlands) Limited success in going from research to business and society (Valorisation).
Entrepreneurship Agents of change Go idea/invention to innovation Neue kombinationen Solve challenges Created net new jobs Innovation success: - 25% R&D investments - 75% Social (people, organisation) *Erasmus Innovation Monitor We need (ambitious) entrepreneurs
Government policies Stimulating entrepreneurship SME s are not seen as really important (Middenstandsbeleid in the 70s) SME s policies in the 80s - Big is powerful, small beautiful and together wonderful Policies in the 90s focused on the start of new companies (startersbeleid) Policies in the 00s focused on the entrepreneur - 2006-2012 50 million invested in entrepreneurship education And now?
Result? Entrepreneurship in the Netherlands 2001 5% Entrepreneurs 2011 8% Entrepreneurs - #1 in Europe - 5 th worldwide % 14 12 10 8 6 2006 2011 Multiplier effect: 4 1 out of 3 influenced by other entrepreneurs to start. 2 But: Flexibility in the labour market! Worldwide role models (Facebook, Twitter etc.) But NL scores less on one point. 0 Belgium Denmark France Germany Netherlands Global Entrepreneurship Monitor, EIM U.S.A United Kingdom
Ambition We need more fast growing companies Ambition of entrepreneurs is low Most startups stay <5 employees Startups score low on innovation 8% of startups has high growth expectation (see figure)
Student entrepreneurs Global University Entrepreneurial Spirit Students' Survey Student entrepreneurs - 2012 Netherlands: 3% Worldwide: 2% - 2014 Netherlands: 6% Worldwide: 8% Attending entrepreneurship courses - 2012 28% - 2014 32% Career Choice intentions - Right after studies 2012: 10% 2014: 6% - Five years after studies: 2012: 36% 2014: 30%
Government policies Stimulating entrepreneurship SME s are not seen as really important (Middenstandsbeleid in the 70s) SME s policies in the 80s - Big is powerful, small beautiful and together wonderful Policies in the 90s focused on the start of new companies (startersbeleid) Policies in the 00s focused on the entrepreneur - 2006-2012 50 million invested in entrepreneurship education And now? Focus on ambitious entrepreneurship less involvement by the government bigger role for Centres for entrepreneurship
Government policies European union policies Focus on collaboration between countries, especially learning from each other Consortia combinations between less and more experienced countries Open programmes focussed on SME s and exchange of entrepreneurs
Our Unfair Advantages
Opportunity World changing innovations Repeatable and scalable business models Startups are creating 4x more jobs than ordinary starting companies. In the US according to recent research all new jobs effectively created come from startups. What they need to stand up and scale ups is: talent, network and capital Source: Net Job Change, Kauffman Foundation
The WEF Global Competitiveness Index: Rank out of 144 economies Source: The WEF Global Competitiveness Report 2014-2015
Global Entrepreneurship Monitor 2014 Entrepreneurship as a good career choice (% of population aged 18-64) Netherlands 79.1 United Kingdom 60.3 France 59.0 Belgium 52.4 Sweden 51.6 Ireland 49.4 Germany 51.7 Finland 41.2 Out of 73 countries Source: The Global Entrepreneurship Monitor 2014
Global Entrepreneurship Monitor 2014 Early-Stage Entrepreneurial Activity (% of population aged 18-64) United Kingdom 10.7 Netherlands 9.5 Sweden 6.7 Ireland 6.5 Finland 5.6 Belgium 5.4 France 5.3 Germany 5.3 Out of 73 countries Source: The Global Entrepreneurship Monitor 2014
Global Entrepreneurship Monitor 2014 Fear of Failure low to high (% of population aged 18-64) Netherlands 34.8 Sweden 36.5 United Kingdom 36.8 Finland 36.9 Ireland 39.3 Germany 39.9 France 41.2 Belgium 49.4 Out of 73 countries Source: The Global Entrepreneurship Monitor 2014
Benchmarking Knowledge Economy Index Economic and institutional regime Educated and skilled population Innovation system Information and communication technology 9.4 9.3 9.2 9.1 9 8.9 9.32 9.09 8.92 8.87 8.8 8.7 8.6 Netherlands United Kingdom Ireland Germany Source: FDI Benchmark, 2015
Benchmarking Labor Productivity The amount of goods and services produced by one hour of labor. 60 55.32 53.22 50 42.13 41.08 40 30 20 10 0 Dublin Amsterdam Berlin London Source: FDI Benchmark, 2012
Strategy Linking up, Changing the system, Creating impact. Linking up Ten innovative hubs and form together Europe s largest and best connected startup ecosystem. Changing the system. Together with all the partners in the government, corporates, educational systems, financial world and many others. Creating Impact We like to make things easy and effective for startups and scale ups. We aim to be in the European top three of most attractive startups ecosystems.
Network Selected actions Capital Create one portal for startups: StartupDelta.org StartupFest (EU Presidency) StartupVisa -> Schengen Visa Corporate partnership program: code pact, lauch pad, validation,hub2hub programming Startup Deals to disrupt industries Coding in curriculum of all primary schools Entrepreneurship education Business angel network academy Create optimal investment climate Toolkit with financing opportunities Missions to key hubs launch mentor networks, showcase Dutch startups and acquire strategic targets and startups Talent
Founded in 2012 In 2012 we wanted to make an event that 1. inspires youth and spread the entrepreneurial spirit a cross the globe 2. would give startups a global instead of local ambition 3. support startups in their quest for growth (investment and more..) 4. Support corporates with entrepreneurship & innovation And a fun event for all (cross generations and culture).