Digital Winners 7-8 November: "The new incubators", Tor Baekkelund

1. Tor Bækkelund
Managing Partner, StartupLab
Nov. 2013

3. StartupLab in brief
● StartupLab is Europe’s largest incubator made for
technology startups within IT/Tech:
- More than 60 companies with 130 talents
- Presence in Silicon Valley and Berlin
● Our goal: Drive, facilitate and support the growth of
new companies in Norway
● We offer a combination of flexible work space, free
and friendly advice, access to early stage capital,
industry partners and a broad network

6. Founders Fund in brief
● Some of Norway’s most successful tech entrepreneurs who wants pay
forward and help foster a stronger entrepreneur community
● Early stage, no follow-up investments, partner with other investors
● Unique investment philosophy based on experience at Oslo Science
Park (4x returns over 10yrs)
- Pragmatic to the original idea, it will change and improve along the way
- People focused
- Exit early and reinvest
● 20-30 investments in the range of MNOK 0,5 - 1,5 each, average 1
MNOK per investment

7. So, how and what can
corporates learn from startups?

8. Let’s look at the differences

9. Resources
Culture
Legacy
Motivation
Corporates
Startups
Opposites

10. Can existing business foster new
business? Yes you can!
• Most importantly, meet the entrepreneurs
• If you are keen on creative input to your business
model or your products; “tell it on your web site!”
• Best case; you get something relevant and
affordable
• Even better case; it impacts your strategy positively

11. Some industries depend their
innovation on stimulating an
undergrowth of startups
- Successful?

12. Silicon Valley