1. Beyond the business plan
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2. ISCTE-IUL MIT Portugal Venture Competition
What?
Is an Entrepreneurial, technology-based Venture
competition
For? People with a dream,
Would-be Entrepreneurs
Innovators
– Start-up's / Spin-off's under 5y and <2,5M€
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3. Our Goals:
• Identify and reward projects at an seed/early stage
with a clear global value proposition
• Enable a 10x to 20x pre-money valuation within first
years of venture
• Connect global Innovators to global Investors
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4. In brief
International technology venture competition
Held once a year
4 Market-application tracks:
1. Lifesciences
2. Sustainable Energy & Transportation systems
3. Information Technology and the Web
4. Other Products and Services
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5. Partnership with MIT & MIT-
Portugal in tech ventures
• 33.600 companies founded
by living MIT alumni
(76% alive, employing 3.3M)
• Annual revenues of $2
trillion (~10x the GDP of Portugal)
• Annual R&D CAPEX:
$650M (54% privately sponsored)
• 500+ patents/y (280+
filed/y)
• $90M license revenue ('08)
• 72 MIT Nobel Prize winners
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(7 current faculty members)
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6. Creating a Culture for technological Innovation
Encouraging researchers to “reach for the
stars” and do risky things, cultivating an
understanding that “it’s OK to fail.”
Nobel Laureate Ivar Giaever (1973) & Chief Technology Officer of Applied
BioPhysics
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7. Unique aspects:
• Target: “Starts” where other BP competitions end
• Tools: 100+ hours of training and coaching in Go-to-
Market strategies with entrepreneurs, during Selection
• Focus: International catalyst ecosystem, during
Venture
...all of which, foster connections to international
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investors.
for
Entrepreneurship
ISCTE-IUL

8. Audax:- a unique pedigree in fostering
entrepreneurship & Innovation
• Support 150+ projects in 5y
Finance of
(33 start-ups; ~8M€ raised) Business sources of Capital,
plans (start-up inc.
• Over 25 strategic partnerships & follow-on VC Fund co -
(KPMG, CGD, BCP, APCRI, InovCapital, APBA...) investments) managment
• Unique Educational programs
(PEC, PEF) Consultancy:
Pool of bus. Strategy,
• CoHitec Lisboa manager investors
(BA, VC &
technology
investments,
• Annual events: business
partners
Advanced
control
- Audax TV 2008 (6% share,
TV2)
- Entrepreneurship conference
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(+200 participants /y)
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10. Process overview
March to
November
95 Selection
20 Semi- €0.5M to 4
Applications Stage
finalists Finalists
(2010)
Teams work on
Award
€0.5M upon Venture
execution Stage
Milestones
Up to 5
years
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11. 2010 - A Snapshot
Visits
Entries from 6 countries 367 aspiring Coaching with
Portugal, Spain, France, globalpreneurs entrepreneurs
UK, Canada, USA 100+ hours in Go-
to-Market strategies
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12. 2011 Edition:-
Completed tasks
• Held a joint press conference with MIT-Portugal
• Released 1st Venture Competition newsletter
• Launched the 2011 competition Rules & Regulations
• Completed the Roadshow in Portugal (22 Institutions
nationwide)
• Gaining social traction Facebook and Linkedin
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13. 2011 Edition:- Key
Dates
February 14th: Roadshow starts
March 10th: Submission period opens
May 15th: Deadline for project's submission
June 30th: Semi-finalists' announcement
July 13-15th: 3-day Crash Course
September 22th: Track Finals event
November 17th: Grand Finale event
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ISCTE-IUL

14. IdeaStream @ MIT
April 2011
•
1 week trip: business development basics and networking
•
Goals
−
Participation at MIT IdeaStream
• Financing opportunities
−
Strengthen relationship with US-based Catalysts
−
Network with teams/ventures
• Links to provide access to US marketplace
−
Kick-off Quarterly Reviews
• with US-based Catalyst and IEI staff
• Opportunity to strengthen network of Alumni
•
Significantly expand MIT Portugal “brand” and US-based
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volunteers for 2011 Competition
for
Entrepreneurship
ISCTE-IUL

15. IdeaStream:-
the Lab-to-Market Symposium
IdeaStream gathers together the leading minds in innovation
and entrepreneurship for an invitation-only event each spring.
Top-name venture capitalists, successful entrepreneurs, and
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2010 Audax Center MIT researchers consider this a must-attend event.
for
Entrepreneurship
ISCTE-IUL

16. 2010 Finalists
• Plux develops innovative solutions for Healthcare,
Sports and Scientific research, like bioPLUX clinical
Track: Lifesciences system an efficient tool for physical therapy.
• Hardware: zero configuration turnkey solution and
Bluetooth wireless; Software: unprecedented usability
User-friendly and intuitive
• Waynergy is a system that converts the linear
motion of the surface to actuate an electromagnetic
Track: E&T technology device that generates electricity.
• It reduces the electric energy costs by 50 to 80% in
places with great affluence of people or vehicles,
applying its energy generation system on the floor.
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17. 2010 Finalists
BIPS was the 2010 Winner
• Around Knowledge developed BIPS, a solutions
able to track individual paths, retrieve times and
trends automatically. It is up to 89% less expensive
than traditional solutions, and it is able to preserve
Track: IT & Web
privacy.
• It provides higher confidence levels and data in real
time.
• Weadapt develops and sells inclusive products,
Track: P&S aimed at the market of people with special needs,
contributing to their inclusion and rehabilitation by
increasing their self-esteem, well-being, comfort,
autonomy and quality of life.
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18. 2010 Honorable
Mentions
• Acellera Therapeutics is developing a drug: ACE-
1, that reduces the risk of liver transplant rejection and
death for the 70,000 people currently living with
Track: Lifesciences transplanted livers, without the severe adverse effects
of current treatments.
• Competes on efficacy and on price with current
treatments calculated in up to €19,000 per patient in
post-surgical costs.
• PV Solutions is developing a “ribbon” process that
produces wafers for photovoltaic panels, directly
Track: E&T from feedstock, by-passing the 3 most expensive
and energy consuming steps of present technology
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for costs of a state-of-the-art solar cell company.
Entrepreneurship
ISCTE-IUL

20. Partners
Organising Partners:
Award Partner:
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21. More
information?
Gonçalo Amorim:
goncalo.amorim@iscte.pt
MIT Portugal – Innovation & Entrepreneurship
Program Manager
Catarina Madeira:
catarina.madeira@iscte.pt
MIT Portugal – Innovation & Entrepreneurship
Operations Coordinator
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22. Making entrepreneurs'
dreams come true
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