The event on June 6 invited incubator managers and business developers, developers of universities, policy makers, thought leaders in innovation, angel investors and VC’s to come and to learn best practices on the world’s leading university business incubators. But also to find out how new companies are getting created by the next generation of entrepreneurs. Keynote speakers were Leandro Margulis, Director of Impulsa California and Björn Lasse Herrmann, Founder of The Startup Genome Report.
The Global Top List of University Business Incubators was revealed and recognitions were given to 5 incubators in different categories.
To know more about the study, the event and the global benchmark report please contact ali@ubiindex.com
Web: ubiindex.com
2. #topincubator
5.00 Welcome
UBI Index & Silicon Vikings
5.05 Background of report
Insights and Best practices
5.30 Keynote: Leandro Margulis
Post-Incubation Growth Challenges
5.50 Global Top 25 list
Incubator Recognitions
6.05 Keynote: Björn Lasse Herrmann
“Why startup fails?”
6.30 Networking and Food
Fenox Venture Capital
7.00 Event 2: Nordic Startups
5. #topincubator
Lars-Henrik Friis Molin
Founder
• Founder of Universum Group
• Founder of Jobline (sold for 200
MUSD to monster.com)
• Founder of +18 other
companies, sold 10
Joel Enquist
Founder
• VC at Creandum
• EIR at Nebula Ventures
• Founder of 5 non-profits and 1
consulting firm
• Researcher
• Consultant
Dhruv Bhatli
Co-Founder &
Research Director
Ali Amin
Co-founder & Sales and
Marketing Director
• Top Student
• Entrepreneur
+20 industry experts
(both academic and
practical expertise)
7. #topincubator
Why university incubators?
• You have a ‘base level’ of funding
• Access to information and technical expertise
• Alumni networks
• Access to untapped talent
• Creates some legitimacy from the start
• etc…
Should be a great environment to start…
8. #topincubator
.. but successful entrepreneurs chose not to
participate in university incubator programs
Some that have states that “We succeeded
even though we did went through the
university incubator”
What is done right/wrong?
10. #topincubator
Criticism
• Some university incubators’ main goal is only to inspire
• It is unfair to compare incubators with different sector focus (biotech vs. IT)
• University incubators should take care of the weaker startups that do not manage
to fundraise
• University incubators creates much more values than the commercial aspects,
and those values can not be assessed
• It is so dependent on the ecosystem
Ok, as long as they do not forget to
support the ‘real’ entrepreneurs
Agree, we have taken this into
consideration in our model + we do a
specific sector top list
Ok, but they still need to create success
stories out of these to become a top
incubator
Agree, but commercial success stories
supports that those values are there, or
are likely to be developed
Agree, it is an advantage for startups
born in larger markets, which we
compensate for, but we believe it is the
incubator’s job to try to compensate
that gap
11. #topincubator
We want to push the industry
• University incubators should focus on the
entrepreneurs
• Universities should support entrepreneurial
activities
• We want to keep the debate alive
Join us!
For any questions or input, please contact me at joel@ubiindex.com
15. #topincubator
A GLOBAL STUDY
• USA
• Canada
• Mexico
• Brazil
AMERICAS EUROPE OTHERS
• Ireland
• Germany
• Sweden
• Finland
• Italy
• France
• U.K
• Netherlands
• Austria
• Norway
• Russia
• Australia
• Taiwan
• Singapore
• Israel
• India
• China
• Japan
22Countries
Represented
17. #topincubator
TOP UNIVERSITY BUSINESS INCUBATORS
BENCHMARK REPORT 2013
IDENTIFY
BENCHMARK
INSIGHTS
1
2
3
Available upon
request
e-mail:
ali@ubiindex.com
18. #topincubator
TOP INCUBATORS ARE STEROIDS FOR THE ECONOMY
MUCH MORE BOOST THAN AVERAGE INCUBATORS
JOBS CREATED PER YEAR
82.7 2.8X
Graduated clients that
remain in the region
3.3X
62%
TOTAL SALES REVENUE PER YEAR
$10.4 M 45%
%ofGraduatedClients
thatSurviveandgrow
+
GLOBAL AVG Graduated clients that
remain in the region
27% +
RELOCATION: POST GRADUATION
SURVIVAL & GROWTH
GLOBAL AVG HIGHER
HIGHERGLOBAL AVG
Available upon request
e-mail: ali@ubiindex.com
Available upon request
e-mail: ali@ubiindex.com
19. #topincubator
TOP INCUBATORS PROVIDE AWESOME TRAINING
AND BETTER ACCESS TO FUNDS
6.8 23%
# OF ACTIVE COACHES
GLOBAL AVG HIGHER
40.6 19%
# OF ACTIVE MENTORS
HIGHER
17.8h
GLOBAL AVG
#hoursperclientpermonth
13h
GLOBAL AVG
#hoursperclientpermonth
2X
1.7X
$ # CLIENTS THAT RECEIVE
VC FUNDING
$
ACCESS TO FUNDS
2X 25% +
INCUBATORS OWN SEED FUND
Available upon request
e-mail: ali@ubiindex.com
Available upon request
e-mail: ali@ubiindex.com
Available
upon
request
e-mail:
ali@ubiinde
x.com
Available upon request
e-mail: ali@ubiindex.com
20. #topincubator
TOP INCUBATORS ARE ATTRACTIVE
30%
% INCUBATORS THAT TAKE EQUITY IN THEIR CLIENT
7.3
%
Mean Size of Equity Taken
21%LOWER
MORE
Coaches and mentors with
entrepreneurial background
Available upon request
e-mail: ali@ubiindex.com
Available upon
request
e-mail:
ali@ubiindex.com
21. #topincubator
TOP INCUBATORS HAVE LONG RUN IMPACT ON THE
ECONOMY
37.1%
% GRADUATED CLIENTS WITH
OPERATIONS 5 YRS POST GRADUATION
1.8XHIGHER
1.9X + MERGERS
ACQUISTIONS
IPO’S
HIGHERAvailable upon request
e-mail: ali@ubiindex.com
22. #topincubator
HIGHER
1.45X 2.9X
HIGHER
FUNDS: INCUBATOR
OPERATIONS
INCUBATORS OWN
SEED FUND
30% LOWER # Jobs per year
66% LOWER Sales revenue
per year
21% LOWER # Clients that survive
and grow profitable
42% LOWER # Hours: coaching
spent per client per
month
LOWER # Hours: mentoring
spent per client per
month
57%
MUCH
HIGHER
Mean size of equity taken by
incubators in their clients
12.9%
EUROPE HAS TO GET ITS ACT TOGETHER
Available upon request
e-mail: ali@ubiindex.com
Available upon request
e-mail:
ali@ubiindex.com
Available upon request
e-mail: ali@ubiindex.com
23. #topincubator
PUBLIC FUNDING IS NOT THE PRIMARY SOURCE OF
FUNDING FOR TOP INCUBATORS
NEARLY
HALF
49%
HIGHER
THE FUNDS FOR INCUBATOR
OPERATIONS ARE EITHER
PRIVATE OR SELF GENERATED
SELF GENERATED
FUNDS THAN GA
Available upon request
e-mail: ali@ubiindex.com
24. #topincubator
KEY DRIVERS OF SUCCESS
• Creating a large ecosystem and being part of an active
community
• Quality of training & education
• Choosing the right companies
Available upon request
e-mail: ali@ubiindex.com
25. #topincubator
KEY CONSTRAINTS
• Insufficient physical capacity
• Issues with awareness, press coverage and branding
• Problems with fund raising, especially for non R&D purposes
Available upon request
e-mail: ali@ubiindex.com
26. #topincubator
FEW BEST PRACTICES
• Contribute to the ecosystem
• Choose clients wisely
• Ensure right competence development
Environment/ background/ quantity/ engage
• Run it like a startup
• PR is serious business
Available upon request
e-mail: ali@ubiindex.com
29. #topincubator
TOP UNIVERSITY BUSINESS INCUBATORS
• Rice Alliance for Technology and Entrepreneurship, United States
• VentureLab, United States
• UB Technology Incubator, United States
• NDRC LaunchPad, Ireland {Republic}
• SETsquared, United Kingdom
• Innovation Centre Sunshine Coast, Australia
• Tech 20/20, United States
• ATP Innovations Pty Ltd, Australia
• STING, Sweden
• NCTU Innovation Incubation Center, Taiwan
• Youngstown Business Incubator, United States
• I3P, Italy
• Vermont Center for Emerging Technologies, United States
• Jon Brumley Texas Venture Labs, United States
• Startup Sauna, Finland
30. #topincubator
TOP UNIVERSITY BUSINESS INCUBATORS
• InNOLEvation Accelerator, United States
• TEC Edmonton, Canada
• ASU Venture Catalyst, United States
• Oxford Entrepreneurs Incubation Centre, United Kingdom
• Mason Enterprise Center, United States
• NYU-Poly Incubator, United States
• Profund - Berlin Freie Universität, Germany
• Sid Martin Biotechnology Incubator, United States
• Advanced Science and Commercialization Center, United States
• Incubateur HEC, France
• StarTau, Israel
• Flagship Enterprise Center, United States
• Digital Media Zone, Canada
42. #topincubator
Thank you!
Want to learn more?
Contact Ali Amin, Co-founder of UBI Index
ali@ubiindex.com
You can also visit ubiindex.com for more and information and
also to pre-order your copy today!
Notes de l'éditeur
Should be like this: University Incubators could be successful models because they merge all of the talent of academia, science, and business. All of the areas create a system that mitigates risk and promotes successful ventures
6. Many people say that it is not possible to create a top list of university incubators, because: 1. Many university incubators goals are to "inspire to entrepreneurship" 2. Many icubators focus on creating a diversified business landscape in the area (and it is therefore harder to push out new sectors that has not been in the region before) – example, Rovio, Supercell etc in Helsinki. -> angel money + inspiration -> kickstarting the ecosystem. This with diversification is even better 3. It is so dependent on the ecosystem that it is unfair, especially if you compare something with the US
1. In Sweden, we have extensive experience from UX, mobile and internet competence areas. Everyone can travel to the largest entrepreneurship centers in Europe within a couple of hours at a decent cost. The Nordics are spitting out billion dollar company after each other. 2. It sure is an advantage if your incubator is located at Sand Hill road, but with today's technology, you can remotely invite inspirational speakers via Video chat (such as AVC and spainish incubator) and you can have teams going to silicon valley to establish the right networks (Startup Sauna). You just need to work harder, and that is your job as an incubator manager. Otherwise, you can be an ok incubator, but not a top incubator. 3. Many people blame that they can't do this or that because they do not get enough funding from the university or the government, but we can se examples of incubators that had have the same problem but been entrepreneurial and found revenue streams from selling services or licensing office space to large corporations that can pay for it to subsidize services for the incubates. To be a top incubators, you need to have a entrepreneurial mindset form the top to the ground. And that includes that all stakeholders including the university in itself allows you to be entrepreneurial. So fundamental, but still so many universities that do not let their incubators do what is best for the entrepreneurs. Simple reasons like this, forced us to do this, to keep the debate live and to push the industry forward, and beceme a more entrepreneur-centric industry than it has been in the past. This is our view, our quest and we need everyones input and support to become stronger, more accurate in the aspects that we push and get more data that supports our recommendations. I hope that everyone of you help spread the world and sign up for our panel on our website so that we can help push the incubator industry together and help change the life of millions of people by allowing to create more vibrant startups around the world. Universities has historically been seen as the innovation centre in the society, lets help them catch up and give them the guidance they need to become it once again. Thank you. + Mindset of creating small companies vs. billion dollar companies. University incubators should be a place for people and startups that want to change the world, not only change the region. (we are entrepreneurs that want to change the world, and want to support other entrepreneurs that want to change the world, the ones that want to change the region just come too low on the priority list)