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VentureLab Twente Rob van Lambalgen - Programme Director QUT - 9 Februari 2010. This project is co-funded by the European Fund for Regional Development, the Twente Region and the Province of Overijssel. VentureLab Twente … today. Need for VLT initiative Stakeholders Concept

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Venturelab twente rob van lambalgen programme director qut 9 februari 2010

VentureLab TwenteRob van Lambalgen - Programme DirectorQUT - 9 Februari 2010

This project is co-funded by the European Fund for Regional Development, the Twente Region and the Province of Overijssel


Venturelab twente today
VentureLab Twente… today

Need for VLT initiative

Stakeholders

Concept

Proof of concept

VLT for economy


VentureLab Twente.. initiative and objectives

University Twente: > 800 start-ups in 25 yrs

… but they remain small (< 10 fte)

University asked to design business support program for growth companies VLT

VLT OBJECTIVES

350 participants in 4 years

200 SME’s

30 SME’s >100 fte’s

3000 direct, 6000 indirect fte’s

Need for

program


VentureLab Twente stakeholders

Government, providing subsidies

… getting sustainable economic growth in return

University, carrying out the program

… generating valuable research data

Participants, making full use of the program

…creating a successful growth company

… our offer to the participants:

Stakeholders


VentureLaba partner in creating value ..

.. for ambitious people who want to build their own company

- high tech, high growth and international focus

Flexible support programme ..

tailored to need of company

.. one year for € 2.500

What is it?


VentureLab TwenteOur value proposition, your choice

Do it yourself

Struggle three years all by yourself ..

.. and create a company value of 100

.. “I don’t have time for the VLT program”

Do it with VLT

Exploit the benefits of the VLT program ..

.. and create a company value

of 1000 within one year

Why VLT?


What is high tech
What is High Tech?

Broad definition, including aspects (and/or)

  • Intellectual Property Right (IPR)

  • New Business Model

  • Long time to market

  • Uncertainty of success

  • New proposition in Value chain

  • New technology

  • Existing technology in new market

  • Connection with academic world

    .. No strict boundaries

    .. If in doubt, ask!

VLT for YOU!

Participants


Who can participate age 8 88 years
Who can participate?.. Age 8 – 88 years

  • Starting entrepreneurs

  • Experienced entrepreneurs

  • Employees of larger firms (BD/NPD)

    .. “corporate venturing”

  • Soft landings

  • Graduate students in engineering, MBA, sciences, arts, ..

  • Specialists in marketing, finance, ..

  • Individuals as well as teams

    .. future owners of a fast growing

    high-tech company

VLT for YOU!

Participants


But companies often underperform

Entrepreneurial needs (4S model NIKOS)

  • Culture, values, norms

  • Facilities

  • Personelarrangements & Systems

  • Knowledge

  • Ideas

  • Assessing the opportunity

  • Strategic processes

  • Business plan

Scope: from idea to

Strategy

Social

Networks

Skills:

Patterns ofOrganisation

Scale: Economy

Financial means

Entrepreneur and

Enterprise

Not market oriented

  • Contacts with:

  • Clients

  • Suppliers

  • Experts

  • Colleagues

  • Support agents

  • Own capital

  • Bridging development period

  • Financing investments- Venture Capital- Loans

But companies often underperform

Mono-disciplinary

Teams (tech)

Management skills

Strategic drift

Technology/market

Small ambition

Academic networks

Small markets

No networks

“Death valley”

Long time to market

High cost - high risk

Unsufficient funding

Why VLT?


Vlt instruments for success

Scope: from idea to

Strategy

Social

Networks

Skills:

Patterns ofOrganisation

Scale: Economy

Financial means

Entrepreneur,

team and

Enterprise

Coaching, Training,

Team building& Courses

VLT instruments for success

  • Culture, values, norms

  • Facilities

  • Personelarrangements & Systems

  • Knowledge

  • Ideas

  • Assessing the opportunity

  • Strategic processes

  • Business plan

Knowledge

Office space

Organisationalsupport

Strategic Coach

  • Contacts with:

  • Clients

  • Suppliers

  • Experts

  • Colleagues

  • Support agents

  • Own capital

  • Bridging development period

  • Financing investments- Venture Capital- Loans

Access to:

Soft loans

Participation

Venture capital

Introductions

Brokerage

Why VLT?


Key success factor for value creation focus on personal skills team skills

Strategic Capital

Economic Capital

CEO

CFO

Opportunity

recognition

Opportunity preparation

Opportunity exploitation

CTO/COO

CMO

Culture Capital

Social Capital

Key success factor for value creation.. focus on personal skills & team skills

VALUECREATION

.. Entrepreneurial environment

Why VLT?


YOUR

IDEA

YOUR

VALUE

VLT support

Value Creation Model of VLT

Value Creation


S

M

Pers. skills

Team skills

T/O

Coaching

Guiding

Offices

Labs

Resources

Capital

Community

Networks

Value creation support.. unique and integral approach

S = Strategy

M = Marketing

T = Technology

O = Operations

€ = Finance

Value Creation


Coaching & guidance key for success

Internal

Development

coaching

External

Environment

guiding

.. Entrepreneurial environment

Value Creation


VLT designed to solve all shortcomings in business creation

  • Early stage support from (international) trainers, personal coaches and experts

    • Business planning, marketing, production, finance, etc

    • Competences and skills

  • Building of and working with multidisciplinary entrepreneurial teams

    • Partnerships

  • Dynamic entrepreneurial community

    • Office facilities

    • Stimulating environment and networks

    • Launching customers, Clients and finance

VLT CONCEPT




Successful launch of VLT in 2009:1st group in May: 18 participants2nd group in October 2009: 23 participants

3rd group in Januari 2010: 20 participants

Proof of

concept


Wide range of participants

  • Aviation and Bio fuel

  • 3-D printing

  • E-commerce (internet platforms)

  • Remote sensoring/measurement

  • Energy information systems

  • Identity management

  • Synthetic seeds

  • Solar energy

  • Insulation/Cooling

  • Simultaneous multi-language translations

  • etc

Proof of

concept


Tailor made to need of company.. (1) Aviation and biofuel

  • Ambition: Aviation school, Testing facilities for biofuel, Air carrier based on biofuel, Demoflight USAEU on Biofuel

  • Support focus

  • Relocation to Airport Twente

  • Focussed ambition

  • Start of Clean Tech Development Center

  • Alliance with 2 partners in Value Chain

  • Team development and training

5

2

1, 3

4

Proof of

concept


Tailor made to need of company.. (2) 3-D printing

  • Ambition: Company on printing 3-D products for industry, health care, consumers (via web)

  • Support focus

  • Business skills

  • Development of business model

  • Start of Rapid Manufacturing Center

  • Relocation equipment, engineers to Twente

  • Corporate finance

1

2,3

3, 5

3, 4

Proof of

concept


Tailor made to need of company.. (3) Corporate Venturing

  • Ambition: Spin-out activity of large company

  • Support focus

  • Business skills

  • Development of business model

  • Team building for new company

  • Introduction into relevant networks

1

3

2

4

Proof of

concept


VLT =

Tailor made to need of company.. (4) Soft Landing

  • Ambition: Establish subsidiary in Twente (Europe)

  • Support focus

  • Guidance

  • Facilities (incubator, office and/or production)

  • Introduction into relevant research and

  • business networks

1

2

3

Proof of

concept


VentureLab Twente for you

  • Building your OWN High Tech Company

    • Opportunity recognition

    • Business Model

    • Business Plan

    • Company start up

  • Building your entrepreneurial competences and team

  • Personal coach and experts

  • Access to worldwide networks and facilities (clients, partners, financers,..)

  • VLT office facilities

  • Flexible programme, tailored to YOUR needs

VLT for YOU!

Summary


Planning

  • Duration: 1 year

  • Training every Friday

  • Community day on Thursday

  • Monthly Venture Classes

  • Four monthly business panels

  • Weekly coaching (at request)

  • Coaching sessions with experts

  • Fulltime availability of own office

  • facilities at ‘The Corridor’

VLT for YOU!

Planning


Next in olct het voorportaal
Next in OLCT: Het voorportaal

Venture Lab

Ca. 1000 m2

<<< OLCT building


What are the costs for VLT start-ups?

  • Total costs: € 30,000 per participant

  • Start-up contribution is:

  • Enrollment fee of € 2,500

  • Promotors:

  • Subsidy of € 27.500 : EU, Province of Overijssel, Twente region, Saxion University, University of Twente (Nikos)

VLT for YOU!

Costs


Benefits of vlt
Benefits of VLT

  • Economic development & employment

  • Sustainable, future-oriented business

  • Research on successful entrepreneurship and economic development (Nikos)

VLT for

economy


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