crossing borders to boost start-ups and innovation · 2014-10-02 · crossing borders to boost...

Crossing borders to Boost

Start-Ups and Innovation

Riga, Latvia

October 1st, 2013

Magnus Lundin, CEO

Member based organization

43 Business Incubators (accelerators),

32 Science Parks,

12 Regional seed capital funds

Focus on processes, commercialization

and renewal of businesses

5000 growth companies with 72000

knowledge workers

Triple helix-based nodes for growth

History SISP

1983 – First Swedish science park (Ideon Science Park)

1989 – Swedepark – STP association

1998 – First Swedish business incubator (Create Center)

1999 – Swedspin - business incubator association

2005 – Swedish Incubators & Science Parks, joint association

2011 – Operational office, CEO, service & development

company, strategic projects, national assignments (2014)

Gather and compose

results and effects of

members development

Gather and compose

results and effects of

members development

Advocate for long term

funding for members and

SISPs services

Advocate for long term

funding for members and

SISPs services

Support members’

development through

experience-sharing,

projects and training

Support members’

development through

experience-sharing,

projects and training

Explain and communicate

industry and members

nationally and

internationally

Explain and communicate

industry and members

nationally and

internationally

Industri Academia Samhälle

Karlsborg

Götene

Strömstad

Tanum

Dals-EdÅmål

Bengtsfors

Mellerud

Färgelanda

Vänersborg

Munkedal

Grästorp

LidköpingUddevalla

Trollhättan Essunga

Lilla EdetStenung-

sundTjörn

Orust

Lysekil

Sotenäs

Kungälv

Ale VårgårdaAlingsås

Herrljunga

Vara

Skara

Falköping

BoråsLerum

GöteborgÖckerö Partill

e

Mölndal

Härryda

Mark

Bollebygd

Ulricehamn

Tranemo

Svenljunga

Tidaholm

Skövde

Hjo

Tibro

MariestadTöreboda

Gull-spång

FoU

Science Parks in West Sweden Interactive research, development & innovation arenas

InnovatumScience Park

LindholmenScience Park

SahlgrenskaScience Park

BoråsJohannebergScience Park

Industry Public sector

“These platforms place Västra Götaland on the European

research map as a region that is innovative, entrepreneurial

and “thinks outside the box”.

OECD Territorial Review Sweden

Gothia Science Park

Trends among science parks & incubators

� Consolidation – business network, multi site, shared processes

and facilities (open labs, demonstrators)

� Clusters – cross sectorial, value-chain orientation

� Open arenas – (regional) triple helix-platforms

� Place branding – establishments, capital, R&D, talents

� Open innovation… - trust by neutral position, facilitation

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44

“What does a

Science Park do?”

“How can we understand

and show the value of

what Science Parks do?”

“How can we develop a

network and partnerships for

the future?”

“What should the Science

Park of tomorrow aspire to?”

9

metamorphase

Core processes and support processes in the Science Parks

What do you do? How do you do it?

Supporting

processes

Management

System

Strategic

Development

Resource

Building

Core

processes

Managing

Infrastructure

Innovation

Support

Business

Development

Support

Innovation

Ecosystem

metamorphase

What do we mean about KPI’s, results and impacts for

Science Parks?

Performance

•Measure what the Science Park is

doing (consistent with its mission

and strategy)

•E.g.

• # members

• # trainings

• Satisfaction

• …

Results

•Measure the deliverables of the science

park

•E.g.:

• # new companies

• # successful funding event

• …

Impacts

•Measure how the Science Park

contributes to its wider social and

economic objectives

•E.g.

• Economic growth of region

• Employment

• …

Swedish business incubators (accelerators)

� Annually 4500 business ideas are evaluated, 10 % accepted

� Approx. 1/3 of the ideas from academia, 1/3 from freestanding inventors

and entrepreneurs and 1/3 from companies

� 950 start ups presently in the incubators

� 180-200 companies attracts venture capital annually

� ROI on tax payers investment (on operational cost) approximately 8-10

times annually

� The incubators operational funding comes from local, regional and

national public bodies, some private funding/sponsorship

� Most Swedish incubators runs business angels networks, 11 have a

affiliated seed capital fund (private money)

Why do we

benchmark

incubators?

• monitor and compare incubator

performance,

• analyse developments in the

incubator sector,

• describe developments in the

incubator sector to a wider audience,

• report back to the Government and

other stakeholders,

• use in the incubators’ management

of their own operations,

• enable research.

© 2012 INNOVATIONSBRON

How do we

monitor the

incubators?


• We use Fokus Analysis, a web-based

tool, used by all incubators in the

Swedish incubator programme.

• Information is reported twice a year

on all the projects and companies that

take part in incubation activities. This

data is entered by the incubators

themselves.

• For limited companies that are, or

have been part of incubation

activities, register data is added from

the Swedish Companies Registration

Office (Bolagsverket).

Which

information is

reported?

••Origin of ideaOrigin of idea

••SectorSector

••Type of associationType of association

••EntryEntry-- and exit datesand exit dates

••CEO, board, genderCEO, board, gender

••Financial info (turnover, Financial info (turnover,

employees etc)employees etc)

••Venture capital (amount Venture capital (amount

and investor)and investor)


Which

indicators do

we use to

compare the

incubators?


• Number of companies with

venture capital investments

• Total amount of venture capital

invested, MSEK

• Number of IBOs with turnover >

0,5 MSEK

• Number of alumni ltd companies


with turnover > 1 MSEK

• Number of alumni limited

companies with turnover > 1

MSEK

Indicators

that we will

add


• Number of M&A

• Number of alumni > 10

employees


with turnover > 30 MSEK


with positive net profit

• Environment – to be developed

• Gender equality index – to be

developed

Challenges


• Assure quality of data: Many different

people report to the system, which

requires clear definitions and a

common understanding of them.

• Select the right indicators:

Not too many –> costly, but not too

few either –> incomplete picture.

Relevant for all incubators even

though their incubation processes

vary.

• Add value to the incubators: They

have to enter data, but we also like

them to want to enter data. This is

important for data quality.

• Continue and strengthen the dialogue

with the incubators.

Från idéer till framgångsrika företagFrom ideas to successful businesses

From ideas to successful businesses

Incubators

44 incubators in

program

25 with part gov.

financing

947 companies in

incubators

655 companies in

financed incubators

1/3-1/2 deemed high

growth potential


Deal flow – corporate spin offs increase


Every forth is a women


300 new business ideas and 130 alumnis


(Public) Soft money important…


497 M SEK attracted to start ups in incubators


Start ups turnover 3,3 B SEK, 4 000 employees (2011)

NOT included M&A’s (60 in 8 years)…

•Polar Rose bought by Apple

•Illuminate Labs bought by Autodesk

•Scalado bought by Nokia

•System OK bought by NASDAQ-listed Sonic Solutions

•Syntune bought by Ignis, Finisar.

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Successful? Partly, but can be much

more!

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Swedish Business Incubators & Science Parks

sisp.se

@sisp

@magnusswede

[email protected]

linkedin.com/in/magnuslundinsweden

Let’s keep in touch!

crossing borders to boost start-ups and innovation · 2014-10-02 · crossing borders to boost...

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