european entrepreneurship & innovation @ stanford - course introduction & overview winter...

European Entrepreneurship & Innovation Program

(ME 421)

Dr. Burton H. Lee PhD MBAProgram Director

Department of Mechanical [email protected]

http://me421.stanford.edu

January 4 2010

Course IntroductionWinter Quarter 2010 (Year Two)

mailto:[email protected]

http://me421.stanford.edu/

Today’s SessionJan 4 2010

• New Venture Funds in Europe– Joerg Sperling, Partner, WHEB Ventures (Munich, Germany)

– Miguel Valls, Managing Partner/Founder, MED-SV Fund; VP Corporate Development, Vlex Networks (Barcelona, Spain)

– John Hartnett, Managing Director, Irish Technology Capital; President & CEO, G24 Innovations (Ireland)

• Country/Region Introductions– Ireland: John McIntyre, Enterprise Ireland

2Copyright 2010 Stanford University

Map of Speaker & InstitutionalNationalities

European Entrepreneurship & Innovation Thought Leaders

Stanford Engineering ME421

Winter 2010(Provisional)

Course Scope“Comparative Entrepreneurship & Innovation Systems”


Angel Investors

VC Funds

Entrepreneurs& Startups

R&D Labs

Universities

Corporations

Incubators/Accelerators

Silicon ValleyInnovation Ecosystem

EuropeanInnovation Ecosystem

+ Government:Pan-EUNationalRegionsMunicipal

Foundations

Institutions& Markets

European Innovation EcosystemTalent Creation

Entrepreneurship EducationImmigration Policies


Primary Focus of2010 ME421 Program

Simplified Schematic

New CompanyFormation

Angel Investors

Venture Capital

ExitM&A or IPO

Recycling of EntrepreneurialTalent & Angel/VC Investment Capital

Legal & Political Context

Processes

Idea GenerationResearch & Development

Universities, Corporations, Natl labs

Technology Transfer/Commercialization

University / Lab TTOs

Product InnovationDesign, Development &

Management

European Government Partners2010

• Gold Partners

• Silver Partners


Madrid Region, SpainBasque Region, Spain Lille Region, France

Lyon Region, France

Other Partners and Organizations

• Industry Partner

• Supporting Organizations


VTT Technical Research Centre of Finland

Year One Highlights

Sten Tamkivi Head, Skype Estonia

Corporate Venturing in European Multinationals Roche, SAP, Siemens, DSM, Virgin Fund

Prof. Alberto Sangiovanni Vincentelli UC Berkeley EECS

Co-Founder, Cadence

Uli FrickeTriangle Ventures, Germany

Board Member, EVCA

Dr. Sven SchadeEuropean Commission

DG Enterprise & Industry8Copyright 2010 Stanford University

Year One Highlights

EU-USA Angel Investing Mini-SummitEBAN/ACA/SV Bank


Visit of H.E. Toomas H. Ilves, President of the Republic of Estonia

EEITL in Europe

Dublin-Galway-Cork, IrelandNational Innovation Taskforce

Kiev, UkraineCoaching Startup Teams


Helsinki, FinlandSlushHelsinki

Santander, SpainUIMP Startups

Conference

Course RequirementsStanford Students Only ;-)

• Weekly attendance:– Students must attend or watch 7 of 8 lectures– Complete attendance sheets passed around in class– Make up missed lectures within 1 week, send note to SA– All lectures archived online at SCPD

• 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


Online Communities• Join us @ LinkedIn, Facebook & Twitter !!

– LinkedIn members: 1880+– Facebook members: 1120+– 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


Video Viewers• General Public and European Attendees:

– Instructions for viewing our course videos are posted on our website (upper left hand corner of home page)

• Viewers must first register with Stanford Center for Professional Development (SCPD)

– No charge !!– Posted within 3 hours of the end of each lecture

• Stanford Students, Faculty and Staff– Live Streamed Videos of class lectures are now

available via SCPD to on-campus site


Class Schedule• Jan 4: New Venture Funds in Europe

• Jan 11: French and Irish Entrepreneurs in Software and Cleantech

• Jan 18: NO CLASS - Holiday

• Jan 25: Nordic Entrepreneurs and Venture Spinouts

• Feb 1: Entrepreneurs & Venture Investors in Spanish Regions

• Feb 8: Medical Device and Cleantech Venture Investors in Scandinavia

• Feb 15: NO CLASS - Holiday

• Feb 22: Tech Startup Incubators in Spanish and French Regions

• Mar 1: Venture Capital & Innovation in the Benelux & Mediterranean Regions

• Mar 8: New Approaches to Corporate Innovation in EuropeSession topics and speakers subject to change


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.

• SA: To be announced (interested students may apply)– IdaRose Sylvester, Silicon Valley Link (volunteer for today)

• Website: me421.stanford.edu


Next Week’s SessionJan 11 2010

• European Commission Overview– Laurent Bochereau; S&T Counselor, EC Delegation,

Washington DC

• Country/Region Introductions– Lyon - France: Stephane Barbier, Aderly/OnlyLyon Agency

• French & Irish Entrepreneurs in Software & Cleantech– Jean Rauscher; CEO, Yseop– Andrew Parish; CEO, Wavebob


Entrepreneurial Thought Leaders (ETL)Wed January 13

• John Adler (Founder, Accuray) • Trip Adler (Founder/CEO Scribd)

– Wednesdays, 4:30 – 5:30 pm, Skilling Auditorium– Website: etl.stanford.edu


Today’s ClassJan 4 2010

• Country/Region Introductions– Ireland: John McIntyre, Enterprise Ireland

• New Venture Funds in Europe– Joerg Sperling, Partner, WHEB Ventures (Munich, Germany)

– Miguel Valls, Managing Partner/Founder, MED-SV Fund; VP Corporate Development, Vlex Networks (Barcelona, Spain)

– John Hartnett, Managing Director, Irish Technology Capital; President & CEO, G24 Innovations (Ireland)


Today’s DiscussionJan 4 2010

• New Venture Funds in Europe

• Key themes:

– Where are new funds being raised? Sectors? Geographies?

– What is needed to be successful in raising a fund in Europe today?

– What are the differences between raising venture funds in Europe

and Silicon Valley?

– The role of government(s) in European venture funds?

– Where is venture capital headed in Europe?


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


Course Overview and Goals• Why Europe and Silicon Valley?

• European Startups and Entrepreneurs of Note (partial listing)– Skype - Niklas Zennström (Sweden); Janus Friis (Denmark)– MySQL – Marten Mickos (Finland)– Virgin Group – Richard Branson (UK)– Nanosolar – Martin Roscheisen (Germany)– eBay – Pierre Omidyar (France)– Google – Sergey Brin (Russia)

• European Corporations in the Valley (partial listing)– Siemens (Germany)– SAP (Germany)– DaimlerChrysler (Germany)– BMW (Germany)– Infineon (Germany)– Orange (France)– Virgin Group (UK)

• US-European Venture Capital (partial listing)– Wellington Partners Nexit Ventures– Sofinnova Ventures Siemens Ventures– Accel Partners


Course Overview and Goals

• Offered Winter 2010 ; 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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