Presentation

Learning from excellent innovation practice – The PAXIS experience

George Strogylopoulos, Chairman, Logotech SA, PAXIS Accompanying Measure 1

Learning from excellent innovation practice

‘The PAXIS Experience’

5 – 7 October 2005, Edinburgh

George StrogylopoulosLogotech S.A (AM1)

In collaboration with SSBC and SOCINTEC

Thematic NetworksHIGHEST

KREOPANELSPRINGSTART

Validation Projects

ESTERBIOLINK

TRACTORTRANSACT

PROMOTOR+GLOBALSTART

AccompanyingMeasuresCOMMUNICATION

STRATEGY SUPPORT (AM1)INNOVATION

POLICY INTERFACE (AM2)

EUROPEAN NETWORK OF

START-UPS (AM3)

Paxis: The Actors

• Early Stage Financing• Intellectual Capital• Entrepreneurship• Incubation & Spin-offs• Internationalization of Start-

ups• Awareness Raising

Paxis: Self-shaped Main Areas of Activity

Events

Excellent News

PAXIS website

Visiting schemes

GOPP sessions

Torino 2003 Edinburgh 2005

Stuttgart, 2004

Regular updates

10 visiting schemes for Objective 1 regions

10 TN session

s

6 Project & Thematic sessions

2 Strategic sessions

Paxis: Support Instruments

Tangible Policy Results (examples 1) Internationalisation of start-ups

Euro-office initiative - HIGHESTGrowth Company Identification Tool – START- Edinburgh-

Vienna-TorinoGLOBALSTART tool-kit – Academic Spin–offs going global

Entrepreneurship & Start-up creationEDE – Eurocities – Barcelona – AM1 Sun & SUP – AM3Regional Intellectual Capital – SPRING -Stockholm- MadridLearning Environment for Entrepreneurs - TRACTORWelcome Package – Berlin – Stuttgart –Zurich –HIGHEST -

SPRING

Early stage financingBANs - KREO - SPRINGSeed Funding - Baltic States - ESTER & IsraelC0-investment fund concept - Edinburgh to Vienna and

Hamburg

Tangible Policy Results (examples 2) Spin-off & incubation

INNO-TULI - HelsinkiIncubation & Pre-incubation Models – KREO Technology

Platforms LY-GRBIO-LINK – Co-incubationProof of concept – Vienna -START

Political awareness, knowledge transfer & New Member States

ELITEEuro-Office to China Highest in the Committee of the Regions Munich and Sofia –AASIE and GrunderRegio and EDE -PANELPROMOTOR+

Pan-European Added Value (examples)

• European Day of the Entrepreneur (EDE)

• ELITE• Business Angels Networks• The EURO-OFFICE Initiative• European Forums for Innovative

Enterprises

Case Study 1 Spreading BAN activities in Europe

The SourceThe Oxfordshire

Investment Opportunity

Network (OION)1994 as part of

Oxford Innovation Ltd.Linking early stage,

high growth potential companies with investors

The OutputKREO

Creation of BANs in Karlsruhe

and Lyon (2001-2002)Initiation in

Emilia RomaniaSPRING

Creation of Business Angel Forum in Stuttgart

Initiation of (4) BANs in Madrid

Case Study 2 The Euro-Office Initiative - Born in

Paxis

Case Study 3 BioLink: Co-incubation in Biotech

A shift in the results

Five IncubatorsTwo Research

Institutes

Key Strengthsof partners

10-15 Companies

2-3 start-ups(32 companies)

Best Incubation

Practice (BIP)Toolkit

More mature Ventures

Case Study 4 ESTER: Venture (Seed) Capital Schemes

transfer

YOSMATechnologyIncubators

Israel

LatviaEstoniaSlovak

Republic

Exchange of ideasExchange of contactsInspiration on policy

Regions of ExcellenceOpening new routes of

Action

Intangible results (examples)

Meetings and workshops 77

Key players involved 1.398

Methodologies and best practices identified

304

Transferable mechanisms 167

Cross programmes 60

Practices exchanged 42

Initiatives into new policies 11

Dissemination activities 469

Overall: Thematic Networks’ Statistics

•Some really interesting results•Networking Excellence is challenging •Established learning platform •Test-bed for sectoral approaches •Not easy to identify the links between PAXIS results and regional innovation performance•Variety in the understanding of innovation priorities

Some overall thoughts

•Cluster and platform development •Regional innovation excellence •Identify and fund international growth•Innovation Acceleration Mechanisms•Uncovering new ventures •Technology transfer excellence

Potential Areas for Future Action(ideas from the Athens Strategic GOPP session)