Otaniemi Incubation Excellence
Bridging Innovation and Business
Pertti Vuorela, Technopolis Ventures Ltd.
Academic & Research Partners
Î
TKK, VTT, Polytechnics
Î
15.000 technology students
Î
3000 researchers
Investors
Î
Public: Discovery, R&D, Incubation
Î
Seed financers
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Venture capitalists & Business angels
ANCHOR CORPORATIONS
Î
Big Company partnership activities
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Research cooperation, sponsorship, sales channels
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Nokia, Elektrobit, TietoEnator, Kone, Hewlett-Packard FI,
Microsoft FI etc
Networking Model in
Business exploitation
Otaniemi High-Tech Area
NTBF Support System Model
Pertti Vuorela, Technopolis Ventures Ltd.
OBJECTIVE PROCESS ACTORS and TARGET GROUPS
TRANSFER DELIVERY MECHANISM and REQUIR.
RESOURCES
CRITICAL SUCCESS FACTORS
MEASUREMENT OF
SUCCESS SUCCESS STORIES
Strengths Weaknesses
• The Otaniemi
high-tech community is
good environment to
develop ideas
• The actors involved
have expertise and
ability to private-public
partnership
• Lack of continuous
public financing to
incubators
• Not many really
International actors
Opportunities Threats
• Increasing interest of
the national players to
develop incubator
operations
• More involvement of
big companies on
spin-off cration
• Decreasing
investments from big
companies in R&D
• If entrepreneurial
intent of academia is
not increasing
Otaniemi high tech
community
co-operation developed:
www.otaniemi.fi &
Technopolis Ventures
• 160 ideas evaluated &
80 helped towards
commercialization
• 55 new high-tech
start-ups generated
• Average growth in
incubator 50%, survival
rate 95%
• Post-incubation
Survival rate 86%
SWOT• Otaniemi incubation
model offers wide
range of services from
evaluation and
coaching to
networking and growth
enhancement
• Main steps are
discovery, incubation,
acceleration and
internationalization
• Private-Public basis
creates added value;
the model covers a
wide range of support
to start-ups, provided
by actors and partner
network
• In Torino I3P
developed its NTBF
Suppport system
according to
suggestions and
elements highlighted
in the transfer and
discussion process
The main objectives of
the Otaniemi NTBF
Support System
related to Business
Exploitation of
Research are:
• Provide a
high-efficiency start-up
support environment
• to link scientific
innovation and
entrepreneurialism
• Incubation services
and partnering to
generate technology
based companies and
global success stories
• The main actor with
proven track record in
generating high-tech
companies is the
experienced Incubator
Technopolis Ventures
• Public and private
research centers,
Universities, Innovative
firms
• Partner network of
Academia, TE-Center,
Finnish Technology
Agency TEKES,
Finnish National Fund
for Research and
development SITRA,
VC firms & service
providers
TARGET GROUPS
• researchers
• innovative
entrepreneurs
• technology based
start-ups & spinoffs
having potential to
grow success stories
• If the basic infrastructure
exists, the networking
model and additional
elements are transferable
but according Otaniemi
expertise the benefits
require long-term
commitment, functional
good private-public
partnership and continuous
improvement
TRANSFER DELIVERY
MECHANISM
• Transfer is done by
benchmarking and further
development in the area
• The benefits require
adaptation into regional
environment & actors
networking
Otaniemi & Technopolis Ventures New Technology Based Firms (NTBF) Support System: Bridging Innovation and Business with incubation & internationalization
REQUIRED RESOURCES
• The main actor with ability
to create NTBF
• Network of Incubators,
Research Institutes,
Universities & supporting
private and public partners
• High tech community with
co-operation
• Strong university,
industry and regional
partnership
• Incubator expertise from
discovery & kick-off to
internationalization
services
• Business development
programs and individual
coaching
• Events and seminars
provide contacts
• Cluster programs
provide best expertise in
their sector
The benefits require a
high tech community
as good environment
to develop ideas into
success stories
• Number of ideas
collected, evaluated &
helped to develop
• Number of
companies generated
• Company growth
inside the incubator
• Survival rate in the
incubator and after
companies have left
incubator
THE OTANIEMI NTBF SUPPORT SYSTEM MODEL
CONTACTS:
Owner in Helsinki Region: Technopolis Ventures Ltd. (www.technopolis.fi/ventures)
Contact persons: Pertti Vuorela ([email protected]) and Keith Sitverang ([email protected]) Users:
Torino, I3P incubator, Gianni Guerra ([email protected]) or Federico Sarti ([email protected]) Tallinn, Tehnopol, Raivo Tamkivi ([email protected])
Berlin, Wista Management (www.adlershof.de), Helge Neumann ([email protected]) South Sweden, SydSam, Lars Malmborg ([email protected]) Alpes Maritimes, CICOM, Alain Andre ([email protected])
DELIVERABLES, PUBLISHED ARTICLES and MATERIAL:
Flyer: green flyer "Business Exploitation - Otaniemi NTBF Support System"
Presentations & Articles: e.g. best_practices_in_business_exploitation.ppt (Pertti Vuorela)
and presentations about "Otaniemi Best Practice Networking Model", articles in Excellent News
Otaniemi Networking Model
Partnering to Create Global Success Stories
Firm birth
Development
Expansion
DISCOVERY
INCUBATION
ACCELERATION
Speed-Up to Global Markets
GLOBALIZATION
Technopolis
Incubators
Pre-Incubator
Research Institutes,
Private Sector
Technopolis
Business Generators
Centres of Expertise
Development services and support:
Kick-off
Evaluation
Networking Growth Enhancement
Academia
Financing
©
Technopolis Ventures
Coaching
Partner network:
HUT, VTT, EVTEK
TE-Center
TEKES
SITRA
VC firms
Service Providers
InnoTULI Business Evaluation
OBJECTIVE PROCESS ACTORS and TARGET GROUPS
TRANSFER DELIVERY MECHANISM and REQUIR. RESOURCES CRITICAL SUCCESS FACTORS MEASUREMENT OF
SUCCESS SUCCESS STORIES
Strengths Weaknesses
TRANSFERABILITY • Experiences from the pilot transfer are that evaluation tools are easy to transfer, methodology and networking way of operation needs analysis and implementation to regional structures. The transferability is piloted between Helsinki Region and South Sweden into incubator and science park.
• A Proven Concept for commercialization of knowledge-based innovations, good track record of results o Tool for co-operation between universities, research institutes and science parks
o good example of private public partnership o efficient tool in generating new companies
• Researchers porr business knowledge • Researchers may not have ability or willingnes to invest enough resources (time or money)
o Efficient operation and good numbers need financing - public money is needed
• per annum 160 ideas registered
o 80 ideas evaluated and 25 companies set-up 2004 o Positive satisfaction statements, e.g.; Codeonline, Loginets, Variantum
o Study: 60% cases with high potential 2000-2002
Opportunities Threats Transfer
TRANSFER DELIVERY MECHANISM
• Transfer has been piloted in HIGHEST network through workshops, visits and implementation support • The process is well documented but needs local testing and adaptation into regional environment.
• Adding Universities social benefits
o possible to extend concept to other institutes and areas
• Changes in public financing
The transfer of Otaniemi concept is on-going between Technopolis Ventures, Helsinki Region and SydSam & Malmö incubator and Kalmar science park, South Sweden.
SWOT
• Set-up, quality and operation of network o Clearly defined and proven concept o Experienced Team & People – ability for networking o Matching high tech selection criterias to business development o Concrete help for inventors
o Reliable evaluation and proposed actions
• Deal Flow measurement o Performance indicators o Number of companies set-up
o Follow-up of cases and satisfaction survey responses
o Separate study: The Success of InnoTULI cases 2000-2002 Business Exploitation of Research Results • Discovery and evaluation of new potential ideas, research based innovations and business concepts • Evaluation of the potential of the business concept
• Helping to find right actions towards commercialisation
Otaniemi InnoTULI Business Evaluation: Discovery and evaluation of business ideas to help commercialisation of research results & innovations
Otaniemi, SydSam and the HIGHEST network has transferred, piloted and implemented Otaniemi Best practice Experience to South Sweden, analysed HIGHEST regions status and needs, exchanged results of implementation and expanded Highest conclusions to PAXIS level • InnoTULI – TEKES financed private - public cooperation consortium is operating in the earliest phase discovering the most promising ideas & start-ups, evaluating and providing small grants funding of critical tasks, studies or development • The main steps are activating, screening, evaluation, selection, project study by consultant, reporting and follow-up
InnoTULI actors in Otaniemi - Helsinki Region are
• Technopolis Ventures / Otaniemi Science Park • Researchers, entrepreneurs • TEKES, Finnish Technology Agency • Helsinki University of Technology (HUT) • VTT Technical Research Centre of Finland • KCL, Central Laboratory • Foundation for Finnish Inventors
TARGET GROUPS • researchers • innovators • entrepreneurs having new potential ideas & business concepts
REQUIRED RESOURCES • Team including project manager and contact persons in Universities, Research Institutes and Organisations
• Financing for grant to idea development (max. 10.000 euros per case)
CONTACTS:
Owner in Helsinki Region: Technopolis Ventures Ltd. (www.technopolis.fi/ventures)
Contact persons: Pertti Vuorela ([email protected]) and Erik Furu ([email protected]) Users: South Sweden, SydSam, Lars Malmborg ([email protected])
Berlin, Wista Management (www.adlershof.de), Helge Neumann ([email protected]) Torino, I3P incubator, Gianni Guerra
DELIVERABLES, PUBLISHED ARTICLES and MATERIAL:
Flyer: green flyer "Business Exploitation of Research Results - InnoTULI Business Evaluation Presentations: best_practices_in_business_exploitation.ppt (Pertti Vuorela)
Studies: InnoTULI Success Study 2000-2002 (through Pertti Vuorela)
Recognitions: PAXIS Best Practice Panel and Innovation Transfer Award in Stuttgart Forum 2004
•start ups
•joint ven
ture
•licensing
•sales
Contact
persons
HUT
VTT
KCL
GTK
CSC
New
Business
Activating
TULI
-Ideas
Screening
1.Ideas
registered
QUICK
SCAN
3. Decision
to proceed
Process
Decide
service
and
consult
4.Suggest
project
2.
Evaluation
Pre
-
study
Consultant
study
5.Report &
next step
TULI
-Projects
6. Further
development
by Network
Research
Institutes
THE OTANIEMI INNOTULI BUSINESS EVALUATION
DISSEMINATION:
HIGHEST Workshops:
Berlin & South Sweden 2003 Otaniemi 2004 Presentations: Otaniemi 2003-05 Zurich 2004 Sophia Antipolis 05
START & HIGHEST ws
Copenhagen 2005
