1. European Entrepreneurship & Innovation
(ME 421)
Course Introduction
Winter Quarter 2011 (Year Three)
Dr. Burton H. Lee PhD MBA
Course Director, Lecturer
Department of Mechanical Engineering
burton.lee@stanford.edu
http://me421.stanford.edu
January 3 2011

2. Today’s Session
Jan 3 2011
• European Incubators in Silicon Valley
– Aldo Cocchiglia, CEO, M31 USA, Santa Clara (Italy/Silicon Valley)
• Panel Moderator
– Bjoern Herrmann, Partner & Founder, blackbox, Atherton (pan-European)
– Nicolai Wadstrom, CEO & Founder, Bootstrap Labs, SFO (Sweden)
– Peter Laanen, Chief Representative, “Holland in the Valley” Incubator, SFO
(Netherlands)
– Clement Alteresco, Manager, pariSoma Innovation Loft, SFO (France)
– Gioia Deucher, swissnex San Francisco, SFO (Switzerland)
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3. European Entrepreneurship &
Innovation Thought Leaders
Stanford Engineering ME421
Winter 2011
Map of Speaker & Institutional
Nationalities

4. Class Schedule
• Jan 3: European Incubators in Silicon Valley
• Jan 10: French Venture Capital and Entrepreneurship
• Jan 17: NO CLASS - Holiday
• Jan 24: European SuperAngels in Silicon Valley (Turkey, France)
• Jan 31: Entrepreneurs at the Edges of Europe (Greece, Norway)
• Feb 7: Startups in Spain and the Mediterranean (Basque Region, other)
• Feb 14: University Commercialization and Spinouts in Europe (Italy, Czech Rep)
• Feb 21: NO CLASS - Holiday
• Feb 28: Venture Capital & Startups in Eastern Europe (Estonia, Romania)
• Mar 7: Corporate Innovation and Research in Europe (TBD)
Session topics and speakers subject to change
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5. Course Scope
“Comparative Entrepreneurship & Innovation Systems”
Angel Investors
Institutions
& Markets
VC Funds
Incubators/
Accelerators
Entrepreneurs
& Startups
Foundations
+ Government:
R&D Labs Pan-EU
National
Universities Regions
Municipal
Corporations
Silicon Valley European
Innovation Ecosystem Innovation Ecosystem 5
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6. European Innovation Ecosystem
Idea Generation Talent Creation
Research & Development Entrepreneurship Education
Universities, Corporations, Natl labs
Immigration Policies
Product Innovation
Design, Development &
Management
Technology Transfer/
Commercialization
University / Lab TTOs
Legal &
Political Context New Company
Formation
Angel Investors Recycling of
Primary Focus of Entrepreneurial
Talent & Angel/VC
ME421 Program Venture Capital Investment Capital
Exit
M&A or IPO
Processes Simplified Schematic
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7. Why European Entrepreneurship +
Innovation @ Stanford ??
• Why Europe and Silicon Valley?
• A strong community of important entrepreneurs, investors, technology executives and researchers
in Silicon Valley
• Contributions are often neglected in Valley discussions about Asia and US
• An emerging innovation region and community
• Growing role in bringing new energy, environmental, water, information, medical devices and life sciences
technologies to the global market
• Substantial challenges in Europe to rapidly moving technical innovations developed in universities,
national laboratories and corporations into the marketplace
• Europe is increasingly looking to domestic entrepreneurship — and Silicon Valley — to accelerate
economic growth and build a new generation of innovative technology corporations
• European regions are taking the lead here in many cases – not well understood in the US
• Why Stanford?
• Complements and expands current School of Engineering teaching programs on Silicon Valley and
Asian high tech entrepreneurship
• Large community of European, Asian, overseas and US engineering & medical students, professors,
postdocs and staff with sustained interest in Europe
• Overseas Studies Program (OSP) centers in 6 European countries
• Berlin, Florence, Madrid, Moscow, Oxford, Paris – 250+ undergraduate students/year study in Europe !!
• “Comparative entrepreneurship and innovation systems” provides interesting new approach
• Extends dialogue about “pure” entrepreneurship into broader perspective around “innovation ecosystems”
• Strong interest at Stanford Engineering in expanding research collaborations, funding sources and
profile outside the US
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8. Course Overview and Goals
• Offered Winter 2011 ; Winter ‘10; Winter/Spring ‘09
• Companion to current Stanford SoE courses:
– Entrepreneurial Thought Leaders (ETL/STVP)
– Asian High Tech Entrepreneurship (US-Asia Center)
• Connect Overseas Studies students in Europe to Silicon
Valley upon return
• Western, Central and Eastern Europe
– Ireland to Russia
– Scandinavia to the Mediterranean
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9. Course Requirements
Registered Stanford Students Only
• Weekly attendance:
– Students must attend or watch 7 of 8 lectures
– Complete attendance sheets passed around in class
– Missed lectures can be made up with outside reading – must be
discussed and agreed upon in advance w Instructor
– No SCPD video streaming/recording or video archives this year
• End-of-Quarter Essay
– Write 2-3 page essay on what you learned, major
differences/similarities between entrepreneurship in Europe
and Silicon Valley
– Details to be announced later this quarter
• Feedback on Speakers and Course Content
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10. Industry Partners
GOLD Partner
M31 Italia/USA
Padova, Italy & Silicon Valley
SILVER Partner
South East Europe
Private Equity Association
Bucharest, Romania
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11. European Government Partners
2011
• Silver Partners
Lyon Region, France
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12. Other Partners and Organizations
• Supporting Organizations
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13. Year Two Highlights
Intelligent Buildings Startup
Yoga Systems, Estonia
New Venture Funds in Europe
Germany, Ireland and Spain
Europe in the Global Spanish Kings, Monks, Nuns &
Entrepreneurship Scene Explorers as Early Entrepreneurs
Copyright Burton H. Lee and Stanford Madrid Region
Nov 4 2010 13
University 2010

14. Year Two Highlights
Spinning Out Successful Startups
from Non-profit Research Institutes Semiconductor Startup/Incubator
VTT Finland INCIDE - Basque Region
Enterprise Software w University IP Clean Tech – Wave Power
Yseop - Lyon Region Wavebob, Ireland
Copyright Burton H. Lee and Stanford
Nov 4 2010 14
University 2010

15. Building Innovation Bridges between Silicon Valley & Europe
EC/GABA/Stanford ME
Thu May 13 2010
Copyright Burton H. Lee and Stanford
Nov 4 2010 15
University 2010

16. Visit of Irish University Presidents
Stanford Engineering Design Group
March 15 2010
Trinity College, University College
Dublin, University College Cork, NUI
Galway, University of Limerick
ME310/ME317 Discussions w Profs.
Larry Leifer, Kurt Beiter, Ken Waldron
d.School Visit w
Prof. Bernie Roth
Copyright Burton H. Lee and Stanford
Nov 4 2010 16
University 2010

17. Irish Innovation Taskforce
Appointed Member by Prime Minister Brian Cowen
July 2009 – March 2010
Clean Tech – Wave Power
Wavebob, Ireland
Copyright Burton H. Lee and Stanford
Nov 4 2010 17
University 2010

18. Special Event/Lunch @ Stanford
For Stanford PhD Students and Post-docs + Faculty
Tues Feb 23 2010
• Research Trends in the EU: Opportunities for EU - US Collaboration
– 12 noon – 2pm, Stanford Faculty Club, Gold Lounge
• Speakers
– Mr. Laurent Bochereau, Head of Science, Technology and Education, Delegation of the
European Union, Washington D.C.
– Mr. Jack Metthey, Ad Interim Director of the European Research Council (ERC)
• Buffet Lunch will be served
RSVP Required!! delegation-usa-era@ec.europa.eu Space-Available Basis only !!
• Organizers:
• The Delegation of the European Union, EURAXESS Links USA & Stanford Engin.
Copyright Burton H. Lee and Stanford
Nov 4 2010 18
University 2010

19. Year One Highlights
Corporate Venturing in European Multinationals
Sten Tamkivi Roche, SAP, Siemens, DSM, Virgin Fund
Head, Skype Estonia
Prof. Alberto Sangiovanni Vincentelli Uli Fricke Dr. Sven Schade
UC Berkeley EECS Triangle Ventures, Germany European Commission
Co-Founder, Cadence
Board Member, EVCA DG Enterprise & Industry
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20. Online Communities
• Join us @ LinkedIn, Facebook & Twitter !!
– LinkedIn members: 3150+
– Facebook members: 2050+
– Twitter: europreneurs
– Intended to facilitate professional, student and
faculty networking outside of class
– Open to the Public in Europe and US at no charge
– Students should join at least one of these
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21. Teaching Team
• Dr. Burton H Lee PhD MBA
– Mechanical Engineering
• Prof. Larry Leifer,
– Mechanical Engineering
– Director, Center for Design Research (CDR)
• Prof. Elisabeth Pate-Cornell,
– Chair, Management Science & Engineering Dept.
• Website: me421.stanford.edu
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22. Next Week’s Session
Jan 10 2011
• French Venture Capital & Entrepreneurship
– Jean-Louis Gassee; General Partner, Allegis Capital
– Loic Lemeur, CEO, Seesmic; Founder, LeWeb
• Region Introduction
– Lyon Region - France:
• Stephane Barbier, Aderly/OnlyLyon Agency
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23. Entrepreneurial Thought Leaders (ETL)
Wed January 12
• Wendy Kopp - CEO & Founder, Teach for America
– Wednesdays, 4:30 – 5:30 pm, NVIDIA Auditorium, Jen-
Hsun Huang Engineering Building
– Website: etl.stanford.edu
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24. Today’s Session
Jan 3 2011
• European Incubators in Silicon Valley
– Aldo Cocchiglia, CEO, M31 USA, Santa Clara (Italy/Silicon Valley)
• Panel Moderator
– Bjoern Herrmann, Partner & Founder, blackbox, Atherton (pan-European)
– Nicolai Wadstrom, CEO & Founder, Bootstrap Labs, SFO (Sweden)
– Peter Laanen, Chief Representative, “Holland in the Valley” Incubator, SFO
(Netherlands)
– Clement Alteresco, Manager, pariSoma Innovation Loft, SFO (France)
– Gioia Deucher, swissnex San Francisco, SFO (Switzerland)
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25. European Incubators in Silicon Valley
Jan 3 2011
• Other European Incubators in Silicon Valley/NorCal:
– Irish Innovation Center, San Jose (www.irishic.com) [ Invited ]
– Silicon Valley Pad, Menlo Park (Denmark) (www.siliconvalleypad.com)
– US Market Access Center, San Jose (www.usmarketaccess.com)
– StepOne, San Francisco (Spain) (www.stepone.com)
– Opinno, Pier 38, San Francisco (Spain) (www.opinno.com)
– Plug and Play Tech Center, Sunnyvale, CA (plugandplaytechcenter.com)
– Austria, Belgium, Estonia, Barcelona, Finland, Czech Republic and several other
European countries, regions and cities
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26. Today’s Discussion
Jan 3 2011
• European Incubators in Silicon Valley
• Key themes:
– Goals and Objectives
– Business Models – Private vs Government?
– Sourcing Dealflow from Europe
– Accomplishments to Date
– Benefits to the European innovation system
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