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Technology Incubator with Export Focus August 2003

Technology Incubator with Export Focus August 2003. “ National level of entrepreneurial activity has a significant association with levels of economic growth ” Global Entrepreneurship Monitor 2002 Executive Report prepared by

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Technology Incubator with Export Focus August 2003

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  1. Technology Incubator with Export FocusAugust 2003

  2. “ National level of entrepreneurial activity has a significant association with levels of economic growth ” Global Entrepreneurship Monitor 2002 Executive Report prepared by Babson Collegue, Ewing Marion Kauffman Foundation & London Business School

  3. Entrepreneurship in the world • 460 millions people are entrepreneurs in the world • 66% are voluntary entrepreneurs, the rest have no choice • Least entrepreneurial countries: Japan, Russia, Belgium • Most entrepreneurial countries: Thailand, India, Chile • 93% of entrepreneurial ventures copy existing business • A very small proportion of the rest expects to create market niches, provide 20 or more jobs in 5 years and have exports. • Correlation between entrepreneurial activity in one year and growth on GDP two years later are significant and positive Source: Global Entrepreneurship Monitor 2002

  4. “ The greatest danger to local communities is not globalisation but isolation and protectionism ” Rosabeth Moss Kanter Harvard Business Review – August 2003

  5. Population Poverty (less than 2 USD / day) Human Development Ranking Life Expectancy Literacy (read and write) Inflation 2002 Unemployment Computers per 1000 people Colombia & Norway Colombia 44 million 67% 68 78,6 years 92% 7% 15,6% 35,4 Norway 4,5 million 0% 1 71,6 years 100% 3% 3,4% 500 Source: El Tiempo (Largest Colombian Newspaper), Sunday 16 February 2003

  6. Competitiveness of Managers Answer “yes” to: Do national and international managers have the same competence level? Female administrators and managers As percentage of the total Are qualified IT employees available in the market? Answer “yes” to: Are qualified technology employees available in your country’s labour market ? Office rent comparison Total occupation cost. USD / Sq Meter Gross annual income of a department manager in USD Includes additional salaries, bonuses, vacation money, share of profits. Colombia & Norway Colombia 6,6% 38,8% 6,4% USD 211 USD 52.569 Norway 6,2% 30,6% 6,1% USD 344 USD 27.500 Sources: World Competitiveness Yearbook 2000 Human Development Report 1999

  7. “ Policies to escape poverty: - Invest on infrastructure to attract investors - Industrial development of the private sector ” Towards the Millennium Objective of Reduce Poverty in Latin America United Nations Development Programme (UNDP)

  8. GrimTech Incubator • VISION Develop technology companies that will help Colombia evolve in relevant sectors of world’s economy • Located in north Bogotá, close to important Universities • Warehouse with technology facilities • Key principles • Long term plan focused on exports and sustainable development • Collaboration and Coopetition • Technology based • Entrepreneurs commitment is more valuable than good ideas

  9. Leadership Vision & planning Incubated Companies Comparison with other Incubators in Colombia Type A Academics Mid-Term All / Technology Type B Government Short-Term All / Technology Type C Entrepreneurs Long Term Technology with export mentality

  10. GrimTech Incubator Incubated Companies Exporting Producing for international companies Developing new technology Incubated Companies

  11. Incubated Companies Incubated Companies GrimTech Incubator NGOs & Foundations Governmental Institutions Endorsement Support Sponsorship Endorsement Support Sponsorship GrimTech Foundation Partners & Potential Sources for good business ideas Universities, Chamber of Commerce, Ventures competitions, Entrepreneurial Clusters, Export Promotion Council Employment + Technology Development + Exports = SUSTAINABLE SOCIAL DEVELOPMENT

  12. GrimTech Incubator GrimTech Foundation Foundation Management Long term planning, coaching, strategic alliances, fund raising Primary Companies Incubated companies Technology Exports Social sustainable development Collaborative Companies Services to Primary Comp. Accountancy, Law, Human Resources, Investing, Norwegian and other languages

  13. FounderChristian Boehlke 1995 – PresentFounder, Commercial Director and Managing Director, AXESNET Leading Internet solution and application builder in Colombia. Clients include more than 400 of the top Colombian companies. 1999 – PresentCo-founder, Futbolred.com European Football information portal with more than 500.000 unique visitors a month. 1993 – 1995Founder, Hansa Tours Receptive tourism company in Colombia General Information33 years old, half Norwegian, half Colombian Industrial Engineer from Universidad de los Andes, Colombia International Summer School at University of Oslo One of the 10 best Colombian commercial executives in 2000, selected by the most important executives publication: Gerente

  14. FounderCarl Petter Boehlke PresentInformation Systems Master in Oslo University 2000 – PresentCo-founder, Laxus.com Electronic Commerce website that sells mainly used books among university students. General Information27 years old, half Norwegian, half Colombian Systems Engineer from Universidad de los Andes, Colombia International Summer School at University of Oslo

  15. FounderKenneth Winther Oct 1999 – PresentFounder and Chief Executive Officer, Innovation Architects Innovation consultancy firm. Major Clients are the Ministry of Trade and Industry (NHD), State Development Fund (SND), Union Bank of Norway (Gjensidige NOR), Norwegian Research Council (Forskningsrådet), Norwegian Shipowners Association (Rederiforbundet) 1997 – 1999The Learning Network Foundation, Oslo, NorwayChief Executive Officer and Lead Strategic Consultant 1996 – 1997Business Developer and Marketing Director, Radio 1 Norway 1995 – 1996Department Head, Bates Advertising Group, Oslo, Norway General Information34 years old Norwegian Bachelor of Business Administration, California State University, USA Master of Management Programme, Norwegian School of Management

  16. FounderAlfredo Angel Aug 2000 – PresentFounder and Human Resources Director, Global Entrepreneurs Internationalisation and entrepreneurship consultancy firm with offices in Colombia, India and Norway. Project Manager of “Bogotá’s Entrepreneurship week” together with the Chamber of Commerce Jan 2002 – Apr 2002Project Manager, Procter & Gamble, Bogotá, Colombia Delegate to Andean Region CBD seminar in Peru Jul 1999 – Aug 2000National Director, AIESEC Denmark, Copenhagen Jun 1997 – Jun 1999National Director, AIESEC Colombia, Bogotá General Information: 25 years old, Colombian Industrial Engineer from Universidad Javeriana, Colombia Technology group member, Council of Competitiveness in Bogotá

  17. Plans May - July Aug - Oct Nov - Dec January Concept Development, Initial meetings Feasibility Study Pre – Launch activities Official launch event and start activities

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