philip marais
TRANSCRIPT
SABIC CONFERENCE
Technology business incubators as an enabler to build an innovation-based economy
10 March 2016
@TheLaunchLab
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Teaching
Research
Innovation
Graduates
Graduates
Graduates
Publications
PublicationsIP Entrepreneurs
Researchers
Industry
Knowledge Region
THE CHANGING ROLE OF UNIVERSITIES
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• Route 128 around MIT on the East Coast of USA
• Silicon Valley around Stanford University on the West
Coast of USA
• Cambridge University region in the UK
• Sophia Antipolis high-tech park in Cote d Azur, France
• Leuven region in Belgium
• Munich area in Germany
• Oulu and Tampere regions in Finland
KNOWLEDGE REGION EXAMPLES
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Knowledge Region
Critical mass of high Quality Research
FavourableEntrepreneurial
Climate & Culture
Legal Framework
Clear incentives and Policies
Professional networks
Seed or VC Fund
Infrastructure
Technology Transfer Entity
Industry and Government Support
Quality of Life
KNOWLEDGE REGION KEY FACTORS
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Leuven
Critical mass of high Quality Research
Favourable Entrepreneurial
Climate & Culture
Legal Framework
Clear incentives and Policies
Professional networks
Seed or VC Fund
Infrastructure
Technology Transfer Entity
Industry and Government Support
Quality of Life
Faculty
SOSO
SO
SPCOVC
Cluster
LEUVEN EXAMPLE
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ENTREPRENEURIAL CULTURE
Entrepreneurial Culture
Nerds
Education
Investors
Finance
Right People
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INDUSTRY SUPPORT
Markets
Ide
as
Existing New
Kn
ow
nU
nkn
ow
n
Been a rejuvenation in business incubators. Startups are best suited to create breakthrough
innovations for specific markets faster, cheaper than conventional methods
INDUSTRY WORKING WITH INCUBATORS
Breakthrough InnovationHarness collective
genius of many people & networks
Emergent Improvement
Engourage people from bottom-up to be
inventive
Strategic Bets
Leaders place betson future scenario
Continious Improvement
Improves the current technology & business
models
BreakthroughInnovation
IncrementalInnovation
Top-Down Management
Bottom-upManagement
Plan Fund Implement
Plan Plan Fund
Conventional Innovation
Open & Rapid Innovation
Seed Discover
Experiment
Learn
Discover
Experiment
Plan Fund Implement
“Fail Cheap, Fail Fast, Fail Forward!”
Open Innovation & Startups
Leverage the strengths of startups to innovate
Industry resources,
network, and ability to
execute main business
Breakthrough
INNOVUS
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Technology Transfer
Short courses and Copyright
LaunchLabMaties Football
Division Aquaculture
Group of companies
We believe in making a positive impact
on the lives of Africans by establishing a
network of incubators on university
campuses that facilitate the growth of a
start-up ecosystem that
Accelerates entrepreneurs to a new
level.
LAUNCHLAB VISION
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• We will focus on the entrepreneur: coaching, mentorship, programmes. It is the entrepreneur that makes things happen. Ideas are a dime a dozen.
• We see university campuses as the next launch pad for new businesses: publicly funded infrastructure, world expert researchers, future leaders, bright young minds/skilled student interns.
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SUSTAINABLE COMPETITIVE ADVANTAGE
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BACK
LaunchLab Talk
• Monthly Talks
LaunchLab Ideas
• Workshops
• Pitching Platform
• Seed funding
LaunchLab Lift-Off
• Coaching
• Mentorship
• Internship
• Acceleration programme
• Business Mixers
LaunchLab Building
• Refurbishment
• Furniture
• Equipment
LAUNCHLAB PROGRAMMES
LAUNCHLAB COMPANY DEVELOPMENT PROCESS
Lift-off
Lifetime of the company12 - 24 months3 months
Contribution: Funding, Sponsorship, Interns, Acquisitions, Technologies, Mentorship
Development Timeline
TTO
Projects
Student
Ventures
External
Entrepreneurs
Incubation
Service Provider
Network
Online Content
Community
Talks
Pitch IN
Office Space/Hot Seats
Intern Programme
Mentor Programme
Acceleration
Coaching
Investors
Network
Accelerator
Modules
Pitching
Platform
Hot SeatsIdeas
Programme
Service Provider Network
Market Access
Countdown Programme
Post -
Incubation
Mentor
Programme
Service Provider
Network
Intern
Programme
Valid Idea
Convertible Notes
Feasible PlanHealthy Start-up/Validated
Business Model
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LAUNCHLAB COMPANY DEVELOPMENT TRACKS
* Meeting rooms and hot seats ** Preference for High-Growths and TTO Spin-outs
Source
TTO
Projects
Student
Ventures
External
Entrepren
eurs
Selection
Pitch-In Meeting
Idea
Programme
Com
pan
y A
pplic
atio
n C
rite
ria
Post
Incubation
Development Track
High
Growth
TTO Spin
out
Ideas
Winners
Service/
SocialCommunity
Online Content
Free Office Space
Seed Capital and Market Access
Free Hot Desks**
Accounting Services
Service Provider Network
Talks
Countdown Programme**
Acceleration Programme**
Mentor Programme
Intern Programme**
Rent Facilities*
Coaching Programme
Online Portal**
Rent Facilities*Free Facilities
Com
pan
y Exit C
rite
ria
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BACK
Fintech & Big Data
Paid Media
Cleantech Agritech& Food
Edutech
LAUNCHLAB VERTICALS
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Challenge LaunchLab’s Contribution
Education Programmes accelerate entrepreneurs to a new level
Finance Provides basic seed funding and connections with investors
Affordable access to
business services
Discounted rates for service providers
Inadequate investment in
infrastructure
Better use of existing tertiary institution facilities and
encouraging the establishment of new incubation facilities
Lack of internal market
openness
Open innovation platform for industry
FINDINGS: ADDRESSING THE CHALLENGES
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Opportunity Stellenbosch/LaunchLab Contribution
Excellent knowledge
centres
Stellenbosch University, CRSES, Sustainability Institute
Entrepreneurial culture Focus on the entrepreneur. Many past role models.
Physical structures Better use of existing SU facilities and the establishment of
new 1200m2 LaunchLab. Technopark and Woodmill.
Tech transfer cell Innovus
Financial instruments Invenfin, Montegray, Angel Hub, Action Hero Ventures,
Alchemy-A and Remgro
International companies There are a number but this is a potential growth region
Government support Local and national support for LaunchLab and residents
Quality of life Yes, but also a growth area
FINDINGS: KNOWLEDGE REGION OPPORTUNITY
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LAUNCHLAB RESULTS – OCT-DEC 2015
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LAUNCHLAB RESULTS – OCT-DEC 2015
PATENTS
66
54
51
44
21
16
16
11
10
8
9
8
4
3
3
3
2
1
1
0
0
0
0
0
0
0
0 10 20 30 40 50 60 70
Stellenbosch University
University of Cape Town
CSIR
University of the Witwatersrand
North-West University
University of Pretoria
University of Kwazulu-Natal
University of the Free State
Nelson Mandela Metropolitan University
University of the Western Cape
Tshwane University of Technology
Medical Research Council
Vaal University of Technology
Agricultural Research Council
Cape Peninsula University of Technology
University of Johannesburg
Rhodes University
University of Limpopo
University of South Africa
University of Fort Hare
University of Venda
University of Zululand
Walter Sisulu University
Central University of Technology
Durban University of Technology
Mangosuthu University of Technology
Total published PCTs, 2009 - 2014
Publicly Funded Published PCTs 2009-2014
PATENTS
70
66
54
51
44
25
24
21
19
18
16
16
12
11
10
9
8
8
8
8
0 10 20 30 40 50 60 70 80
SASOL Technology
Stellenbosch University
University of Cape Town
CSIR
University of the Witwatersrand
Element Six (Production) (PTY) Ltd
Discovery Holdings Limited
North-West University
AEL Mining Services Limited
DETNET South Africa (Pty) Ltd
University of Pretoria
University of Kwazulu-Natal
INSIAVA (Pty) Ltd
University of the Free State
Nelson Mandela Metropolitan University
Tshwane University of Technology
University of the Western Cape
Medical Research Council
Poynting Antennas (Pty) Ltd
Pebble Bed Modular Reactor LTD
Published PCTs, 2009 - 2014
Combined Published PCTs 2009 - 2014
• 47 New disclosures so far this year (39 in total 2014)
• 23 Licences (total of 9 in 2014)
– 10 Instant Access licences
• 7 new companies in 2014
• 3 new companies in 2015
• 17 companies in our group
COMMERCIALISATION
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• Big Five personality traits
1. Openness
2. Conscientiousness
3. Extraversion
4. Agreeableness
5. Neuroticism
ENTREPRENEURIAL CULTURE
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ENTREPRENEURIAL CULTURE
Interaction plots from OLS regression: Human
capital X Entrepreneurial culture.
A = USA
B = Great Britain
Source: Obschonka M, Stuetzer M, Gosling SD, Rentfrow PJ, Lamb ME,
et al. (2015) Entrepreneurial Regions: Do Macro-Psychological Cultural
Characteristics of Regions Help Solve the “Knowledge Paradox” of
Economics?. PLoS ONE 10(6): e0129332.
doi:10.1371/journal.pone.0129332
http://127.0.0.1:8081/plosone/article?id=info:doi/10.1371/journal.pone.0
129332
28
ENTREPRENEURIAL CULTURE
Interaction plots from OLS regression:
Industry diversity X Entrepreneurial culture.
A = USA
B = Great Britain
Source: Obschonka M, Stuetzer M, Gosling SD, Rentfrow PJ, Lamb ME,
et al. (2015) Entrepreneurial Regions: Do Macro-Psychological Cultural
Characteristics of Regions Help Solve the “Knowledge Paradox” of
Economics?. PLoS ONE 10(6): e0129332.
doi:10.1371/journal.pone.0129332
http://127.0.0.1:8081/plosone/article?id=info:doi/10.1371/journal.pone.0
129332