“entrepreneurs change the world!”

““Entrepreneurs Change The Entrepreneurs Change The World!”World!”

Emprendedor XXIEmprendedor XXI

Madrid Launchpad 2009Madrid Launchpad 2009

Professor Alan Barrell – Entrepreneur in Professor Alan Barrell – Entrepreneur in Residence – Cambridge University Centre for Residence – Cambridge University Centre for

Entrepreneurial LearningEntrepreneurial Learning

A Preview

Eye on The WorldThe World and the Financial CrisisFinancial Crisis Heroes – Large and Smaller Are Entrepreneurs Entrepreneurs Different ? Being an EntrepreneurEntrepreneur And then there is Technology – Wow ! Technology – Wow ! The InternationalInternational Dimension Networks, Networks, Networks !Networks, Networks, Networks ! Show Me the Money $$!the Money $$! Messages Messages forfor Missionaries Missionaries

Casting an Eye on the World’s Financial Crisis – What’s changed ?

Who said these words and When

“I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”

Who said these words and When

“I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”

Thomas Jefferson 1778

And what about these…

“The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance”

And what about these…

“The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance”

Marcus Cicero 55 BC

Situations are what WE make them !....

It was the bestbest of times, it was the worstworst of times….It was the age of wisdom,wisdom, it was the age of foolishnessfoolishness..It was the epoch of belief,belief, it was the epoch of incredulityincredulity

It was the season of Light,Light, it was the season of DarknessDarkness

It was the spring of hopehope, it was the winter of despairdespair….We had everything everything before us, we had nothingnothing before usWe were all going direct to heavendirect to heaven, we were all going

direct to “the other place”“the other place”

Charles Dickens – “A Tale of two Cities” 1859

Global Financial Crisis - How did one survive…. before affluence became commonplace?....

But - think BoomBoom ….not Gloom….many successful businesses startedstarted in

recessions….

“I started the Cobra Beer Company in a deep Recession – and it proved to be the best time for me….introducing something innovative and exciting changed the way people thought about Indian Food and Beer”

Lord Karan Bilimoria

Founder – Cobra Beer

Timing can be everything….Is the time right to make the Entrepreneurial

move?....

““There is nothing more powerful than There is nothing more powerful than an Idea whose time has come……”an Idea whose time has come……”

Jules Verne

This strange looking team also started in a recession….but got their timing right

And in 30 years, became a powerful engine of Growth, Change and Innovation – their

ideas changed the World….

Microsoft Corporation, 1978

But the eye on the World shows lotslots of changes….its not just the finances….

The Changing Horizon

EnvironmentIssues

The death ofdeference

New employmentpatterns

Organisations

Globalisation

Technology

Changes in Industrial Structure - UK% of Total Employment - UK Government Foresight Report

0

10

20

30

40

50

60

70

80

90

100

1971 1981 1991 2001 2011

Manufacturing

All Services

Changes in Industrial Structure - Europe% of Total Employment

0

10

20

30

40

50

60

70

80

90

100

1971 1981 1991 2001 2011

Manufacturing

All Services

Global Dynamics – Manufacturing has Migrated

Two fifths of the Worlds people live in the two fastest growing large economies – China and India

Education, Wealth Creation and New Knowledge are at the heart of Economic Planning in Asia

Growth in Asia is far ahead of Europe.

Dynamic Growth in Manufacturing Base

CASH is in place in the Asian economies – as well as brainpower- China has US$ 2 Trillions of reserves

Labour and Material cost advantages +++++

Sources of Competitiveness

Creativity Risk

Speed Reputation

Cost Values

Learning Information

Wherever Competition comes from….things can change fast – Today’s Peacock can be

Tomorrow’s Feather Duster !

And then there is Technology - Impact of the Continuous Technology Revolution

Compared to an average DAY in 2003….

All international phone calls1971

All airline passengers1975

All mobile phones 1984

All emails 1992

All SMS1998

Source: Analysys, World Bank and ITU

And Technologies are working together -Three Pervasive and ConvergingConverging Technology

Platforms

BIO TECHPharmaceuticals

DiagnosticsResearch/Info

ToolsIndustrial

GenomicsBioinformatics

Proteomics

INFO TECHHardwareSoftware

Communications

NANO TECHElectricalStructural

BiomedicalEnergy & Environment

BiosensorsBiochipsBioelectronics

MicrofluidicsNanobiotechnology

Drug Delivery

NanodevicesNanosensors

Nanoelectronics

What about those HEROES ?HEROES ? Where shall we begin?

A Spanish Business Angel….Who helped our Hero Christopher

An Imaginitive Hero….

Einstein on IMAGINATION….

“Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world”

Albert Einstein 1879 - 1955

Pericles – “First Citizen of Athens” – Soldier,

Thinker, Leader, “Culture, Beauty, Glory”

Aristotle – Plato – “Before their time – Thinkers, Philosophers, Leaders”

Confucius and “imagining the middle way”….

Francisco Pizarro

Pedro de Valdivia - founding of Santiago de Chile

Mr Tan Kah Kee

Hero of Xiamen

University

““To get rich is To get rich is GLORIOUS”GLORIOUS”

Deng Xiaoping 1982

A more recent Chinese Hero

A REAL Hero….he changed the WORLD ! From a prison cell

A Hero’s Home for 18 Years….Could WE have survived it ?

Heroes can show Humility

“Be the Change you

want to see in the World”

Mahatma Ghandi

Innovators can be Heroes unexpectedly….

Who gave us the Worldwide Web – The Internet ? It was as recently as 1992….

An Idea that became a Reality and changed the World….changed the World….

WhyWhy did he make his Innovation?.....

“You look at things and ask - why?

but I dream of things that never

were and ask -

George Bernard Shaw

why not?”

So - thinking of Imagination….What’s different about EntrepreneursEntrepreneurs ?

Europe’s Entrepreneurial Imperitive – Josef Schumpeter - 1911

“Entrepreneurs blow gales of creative destruction.”

Role of the entrepreneur in transforming economies by developing:

New products New methods of production New ways of organizing Untapped raw materials Enhanced competitive performance

Being an Entrepreneur means Being an Entrepreneur means being different and bringing being different and bringing changechange

The drivers for change….Socio-Political….Entrepreneurial Influence ??....

(Prof Shai Vyakarnam – Cambridge 2008)

Berlin WallHasselhof China

India MigrationsWithin and intoEurope

SingleEconomic system

Completely new marketsIs there a shift in

economic centre of gravity?

More examples….Entrepreneurship and People / Society

Making a united Europe a reality

Transforming lives of the poor

Democratising knowledge – “Education Without Borders” – “Liberate Minds”

Creating breakthrough technology enterprises

Familiar Face….

As a younger man - Charles Darwin – “Natural Selection Adaptability and Survival” Darwin’s

Bicentenary this year. A “Naturalist Entrepreneur”

Darwin’s Theories -Natural Selection, Adaptation, Symbiosis Synergy and Service

Delivery

What works for meat ants and leaf hoppers

Can be true for

Companies and

Business Models?

Proximity of Learning, Research and Practical Application

“The Innovation Campus”

R&D Education

Applications

Where open innovation new ideas and new companies can thrivethrive

Can we complete the Jig Saw - by putting technology to work

TechnologyCustomer

need

Innovative service

company

Completing the Jigsaw – Service Delivery Innovation Business Model

TechnologyCustomer

need

Innovative service

company

Creating a Business Opportunity by finding and

alleviating a pain – developing innovative services or designs –

Entrepreneurs at work!

Technology and Service Companies and Synergy – Open Innovation and the “Innovation Campus”

HEALTH

KNOWLEDGE CREATION

INFORMATION and COMMUNICATIONS

TECHNOLOGY

Basic Research

Sound & vision

Bio-pharmaceuticalsComputing

Publishing

Medicalservices

Bio-informatics

Medical devices and scientific instruments

University/ Research Institutes

Inkjet printing

Wireless

Telecoms

Networking

Technology ConsultingMedicalresearch

Education

Entrepreneurial Overlap – “Joined Up Thinking and Actions” – Coherence and Common Purpose in

Communities

EDUCATION&

RESEARCHincluding Universities

INDUSTRY&

BUSINESS

GOVERNMENTNational & Local

Funding Innovative Companies – “Show me the Money $$$$!”

Maturity

Risk

“Our Money”“Our Money”

Family and Friends and FoolsFamily and Friends and Fools

Business AngelsBusiness Angels

Early Stage VCEarly Stage VC

Expansion CapitalExpansion Capital

B

A

N

K

F

I

N

A

N

C

E

??

Seed FundsSeed Funds

Pre-IPOPre-IPO

And there are Grants

and Tax Credits

“How do we get to the money ? Where is the $$$$ trail ?” Connecting and Information

Points and Principles

Networks and Networking – importance +++++ Business Schools and Entrepreneurship Centres Region

wide and cross border Other Entrepreneurs / Support and Mentoring Structures Online Channels – numerous eg…. www.funded.com “Network Nodes” – Individual referrals Cross Border contacts Attitudes and Culture France and it’s Wealth Tax….Thank you M. Sarkosy ! Is our presentation material aimed at the investors ?the investors ? Have we studied the investors criteria ?investors criteria ?

Show me the MONEY! – So maybe we can we find Show me the MONEY! – So maybe we can we find investors hanging out here?....investors hanging out here?....

The Early Stage Business Balance – what do investors look for? In ANY innovative

company ? – Entrepreneurs take note….

And they like to see experienced Chairman and Directors - Mentors for Innovative Companies

Inspired Leadership

Enthusiasm

Bullshit

Courage

OptimismVision

Creativity

Management

Research & Analysis

Caution

Process

Financial Control

Market Knowledge

Best Wishes to allall EmprendedorsEmprendedors

in Spain from your friends in Cambridge !

WELCOME – to All who will attend!

11th Year 2009

MessagesMessages for Missionaries and Missionaries and EmprendedorsEmprendedors

IMAGINE AND HAVE VISIONCREATE

INNOVATEINVENT

“WORLDTHINK” – GLOBAL VIEWACQUIRE KNOWLEDGEPLAN AND PRACTICE

NETWORK! NETWORK!INSPIRE OTHERS

TRUST AND RESPECTENJOY!

In In Pursuit of Excellence ! of Excellence !

“Excellence can be achieved, if we:Care more than others think is wise,Risk more than others think is safe,

Dream more than others think is practical,

Expect more than others think is possible.”

Deborah Johnson-Ross

Maybe Entrepreneurs think this way?....Innovative Service Companies need to if they are to Excel….

Thank you for your attention….

More on my website –

www.alanbarrell.com

E-mail – alan@alanbarrell.com