dirk kanngiesser - german accelerator - stanford engineering - jan 4 2016
TRANSCRIPT
European Entrepreneurship & Innovation Stanford School of Engineering
GERMAN ACCELERATOR Dirk Kanngiesser, CEO
January 4, 2016
OUR VISION
To foster the international growth of German tech startups by supporting them with an effective and efficient entry into the U.S. market.
“ „
PROGRAM specs
Preparation Workshops Mentoring Board Meeting Graduation Alumni
Network
DURATION
scope
eLIGIBILITY
3 months (+ 3 months extension option)
German startups from ICT-related sectors
36 company participants per year; 18 program extensions granted
Objectives for startups Successful
U.S. market entry
Understand U.S. business environment
Develop U.S. go-to market strategy
Market feedback from U.S. customers
NETWORKING & Pitching
fundraising from U.S. VCs
UNIQUE MENTORING PROGRAM
Business Execution & Success
U.S. Go-To-Market Strategy
Financing Strategy
Marketing & Communication
Team and Leadership Skills
U.S. Legal & Corporate Structures
PROGRAM BENEFITS
Validate Assumptions
Expand Network
Speed Up Development
Acquire Top Talent
Strengthen Credibility
Benchmark With Peers
Fuel Growth
Build Relationships
Jump Learning Curve
MOBILE
Big Data E-commerce
Smart Home Digital
Media
SOFTWARE CLOUD
SERVICES Analytics
SUSTAINABILITY
gaming
E-Health
Internet of Things
Company snapshot Healthcare Productivity
Services
Clean Tech
FinTech
Success stories
Success stories
Program status
Program established Q1 2012 Dedicated mentor network 400 applicants
8k+ Facebook fans & 2k+ Twitter follower 3,800+ attendees at events in Germany and Silicon Valley
72 alumni Website & social media channels established with weekly reach of 30,000
Established strategic & community partnerships
Program Overview: Applicants: 400 Graduates: 66 SV, 14 NY Locations: Silicon Valley (2012) – New York (2014) – Boston (2016) Participants’ Feedback: How do you rate your sales leads / customer traction in the U.S.? 3.2* Positive impact of program participation on your company 4.4 How satisfied are you with your overall mentor experience? 4.7 Overall, how satisfied are you with your LLP experience? 4.4 Would you recommend the program to other startups? Yes: 100% Have you established U.S. operations?:
Presence (no legal entity): 43% Subsidiary: 18% Headquarters: 3%
Summary of Program
*Average; from 1 low to 5 high
Findings & Conclusion While the “Mobile” sector plummeted in the recent application round the “Software” and “Business
Products and Services” sector set new records.
The sectors are getting more diversified overall including other areas.
Sectors
Comparison of applicants and program participants
Stage
Employees
45 Program Participants
Applicants
Results: Taking a look at the number of employees and the stage of the companies, one can see that more advanced companies were more likely to get chosen for the program
CONTACT US
Dirk Kanngiesser EMAIL: [email protected]
SILICON VALLEY (MAIN OFFICE)
720 University Avenue Palo Alto, CA 94301
SAN FRANCISCO
1355 Market Street San Francisco, CA 94103
NEW YORK 137 Varick Street
New York, NY 10013
GERMANY Geschwister-Scholl-Platz 1
80539 Munich
GERMAN ACcELERATOR - Your fast track to the U.S. -