PUBLIC

POC & START-UP FUNDING – TTO CIRCLE – 07/03/2019 JOHAN HASPESLAGH

Senior Venture Development Manager

PUBLIC

IMEC IS THE WORLD-LEADING R&D AND INNOVATION HUB IN NANOELECTRONICS AND DIGITAL TECHNOLOGY

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Established in 1984 as independent microelectronics research organization

Global Presence: HQ in Leuven, Belgium, labs and offices in US, NL, India, China, Japan

545M€ revenue in 2017 (70% from industry cooperation)

2Bn€ infrastructure (3 cleanrooms) 4,000 researchers (94 nationalities)

200 running industry cooperations,

50 Spinoff companies created since 1984

SECURITYCRYPTOGRAPHY

NETWORKTECHNOLOGY

ARTIFICIALINTELLIGENCEDATA

SCIENCESECURITY

CRIPTOGRAPHY

NETWORKTECHNOLOGY

RFRadarLidar

HolographicDisplay

WirelesssensorHub

Cell sorter

DNA Sequencing

miLab

SolarCell

BatteryTechnologyQuantum

Computing

NeuromorphicComputing

HyperspectralImager

MemoryPlatform

PhotonicsPlatform

MEMSPlatform

SensorPlatform

Thin filmPlatform

SEMICONDUCTOR TECHNOLOGY

3D integrationPlatform

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SMARTMOBILITY

SMARTINDUSTRY

SMARTENERGY

SMARTHEALTH

SMARTINFOTAINMENT

SMARTCITY

Logic CMOSPlatform

IMEC DIFFERENT BUSINESS MODELS

• External• Funding & Coaching• Team & PoC required

• Platform techn(imec IP based)

• Imec IP based

& Fidimec

S

SPIN-OFFS

ALPHABITCOBRAINDESTINSMARTPEN LCI

ANDEL SYSTEMS

UCB ELECTRONICS

HIGH LEVEL STAGED INNOVATION PROCESS

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Venture Spin-Off

R&D programs

Enrichment(Venture Definition

Timebox)

R&D Definition Timebox

Venture Timebox

R&D Timebox

CALL forIDEAS

12-16ideas25-40 ideas

per call 3-4 VTB

Venture Incubation

1 venture

WHAT TYPE OF IDEASVe

ntur

esIm

ec

CMOS scaling

MTM platforms

Integrated devices

System solutions

Applications

Heterogeneous integration

STORE

SYSTEM

OS FIRMWARECOMPUTE CONNECT POWER SENSE (INPUT)

DISPLAY(OUTPUT) RADIO

APPLICATION

INDUSTRIALAUTOMOTIVESERVER HEALTH ENERGYMOBILE AR VR

TECHNOLOGY

PROCESS

LOGIC MEMORY 3DLIFE

SCIENCESENSING &

ACTUATIONNANO ICGAN

POWERTFT ENERGYOIO

VIS

NIR VIS

NIR

NIR VIS

LITHOGRAPHY ETCHINTERFACE

ENGINEERING CHARACTERIZATIONEPI THIN FILM CMP MODELING RELIABILITY

SPECIALTY

INSITE

HIGH MARGIN, APPLICATION ORIENTED

Sell data to farmers, collected by drones

HSI imaging chips

VENTURING PROCESS – TO THE VENTURE SETUP

• Look @ the fundamentals• Time dedication: 1day/wk, 12

work-weeks 101 coaching• Prepare the Venture Timebox

• Pitching to imec.xpand & imec.invest• Propose Action Plan for derisking• Receive up to 200k€ from imec.xpand

or imec.invest for the venture timebox

• Develop & validate the business case• Expand your team• Prepare investment

• Pitching to • imec.xpand• Fidimec – iStart• Other VC’s (seed)

• Obtain (pre-)seed capital investment

• Incorporate the venture• IP reserved if pre-seed

• seed capital round• IP contributed• market entry & growth

Enrichment(Venture Definition

Timebox)Venture Timebox

CALL forIDEAS

M3 M6 M12-M15

VM1 VM2 VM3

Spin-Off VentureIncubationVenture

M1

• Incorporate Venture• IP is reserved to be contributed• Team completion

• Execute product prototype• Prepare for additional investors

FUNDING OPTIONS

R&D

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SeedPre-Seed Early Stage Expansion Later Stage

Imec resources

Early Stage (local) Funds (QBIC, PMV, Capricorn,…)

imec.xpand

TraditionalVC

Financing Gap

Fidimec

imec. istartimec.Invest(imec)

imec.xpandVTB

Internat. early state funds

We invest in semiconductor- and nanotechnology-enabled start-ups and don’t shy away from technology risks. We will boost those ventures by supporting them operationally and financially from seed to exit.

FOCUS

We enable our portfolio companies with capex light innovation in a capex heavy environmentby giving them access to the unique imec knowledge, expertise, network and state of the art infrastructure.

STRATEGY

The first investment is usually as lead or co-lead at seed- or early-stage with the ability to do follow-on investments in later rounds. We enable our portfolio companies to reach their ambitious goals with substantial investments at an early stage.

INVESTMENT STAGE

EUR 117M imec.xpand Fund IFUND SIZE

Imec.xpand is an independently managed financial venture capital fund headquartered in Leuven, Belgium.

SET-UP

WHAT IS IMEC.ISTART LOOKING FOR?

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BUSINESS ACCELERATOR

• Digital technology in the field of imec• Initial team & incorporated

• Team + PoC• Limited initial investments: 50k€

• Key is coaching• Follow-up investment up to 125k€

possible

• All sustainables markets• Product companies