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Entrepreneurship support at the University of Twente: Acceleration of Regional Economic Growth

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Entrepreneurship support at the University of Twente: Acceleration of Regional Economic Growth

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    2. Presentation NIKOS Opportunities and results of spin off program TOP from University of Twente Successes but also issues to solve Approach of design of support structure Firm level University level Q & A

    4. How to stimulate growth in high tech based firms? Laissez faire, the invisible hand of the market will do its work Governmental intervention, The visible hand steers the region: e.g.transfer state service organisations to the region; or start an university Co-ordinate many visible hands by building entrepreneurial networks on micro level

    5. Forms of creating value in different research types

    6. Nano, IT, Biomedtech and entrepreneurship research: From fundamental to multidisciplinary work

    7. The entrepreneurial process

    10. Support throughout enterprise genesis process

    13. Spin off Companies University of Twente

    14. Economic results: 500 firms in TOP program (since 1985) Approx. 400 survived Total direct employment in region > 3000 fte Indirect employment ? Clustering: ICT, biomedical, process technologies, nano (around Mesa+)

    15. Issues Spin offs are small (medium) sized Growth is small Distance to market ? death valley IP returns to University until now via direct financing of research and infrastructure IP: patents are recently taken by UT: aim long term growth of IP returns What about creating business in/with existing firms?

    16. Issues Market orientation versus technology orientation Operational effectiveness versus Strategic flexibility Service or product / production Strategic partnering (TIMP) Management competencies Building of industrial networks Global arena

    19. UT-Entrepreneurship Support Structure: Innovation Lab Twente Decentralised into research institutes, accelerators Specialised business development support from NIKOS and BCvB staff Market-academy connection via accelerators (business developers) in the research institutes Utility sharing Venture capital network UT-strategy, focus on spearheads of research (converging technologies: Nano-IT-biomed) At least 10-15% of academic staff involved in leading the entrepreneurial activities

    21. Entrepreneurship in the curriculum (1)

    22. Entrepreneurship in the curriculum (2) Advanced Technologies Bachelor programme with “entrepreneurship and business development” as a specialisation Industrial Design In Bachelor programme: Market-oriented entrepreneurship Business & Information Technolgies In Master programme: Business Development in Networks For Ph D students: Business planning and technology dynamics For all students (elective): Become your own Boss Managing an SME

    23. Characteristics of successful support of entrepreneurial processes Multi-dimensional (strategy, organisation, networking, economics) Multi-level networking: firm level, regional level, global networks enhancing University Industry Interaction across technological fields Multi-actor: combining heterogeneous competencies e.g. creativity,technology, and marketing competencies

    24. New Program for generating High potential entrepreneurial teams creating business out of UT-technology

    25. Group based support/selection Kansrijk eigen baas (200 firms created in 2,5 year in Achterhoek) Individual trajectories (self selection based) Group based (n=60, 4-6 months) Self selection + assessment Intensive training, ideas brought in, process of enterprise concept development

    26. High Tech / High potential Group based selection process Enterprising with knowledge Group based (n=60, 4-6 months) + team/concept based 1 year Target groups students Saxion, UT & persons with work experience Using high potential business concepts UT

    27. High Tech / High potential Group based selection process Self selection + assessment Intensive training, general ideas brought in, process of enterprise concept development Selection of high potential T-M-F teams matched with high potential business concepts Small group/personal coaching with high level business coaches Network with international VC-funds Office space 1000m2

    28. Expected Results Groups of 60 persons 30 firms based on own idea development of participants (after 5 years 25 firms, employment >250) 5 firms based on high potential ideas matched with teams based on selection during program (after 5 years, 2-3 firms, employment >250) 2 groups per year, 3 years ? employment after 8 year >3000

    29. Questions and remarks?

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