rob valli - developing an ecosystem to support an entreprenuerial community in the uae

8/8/2019 Rob Valli - Developing an Ecosystem to Support an Entreprenuerial Community in the UAE

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Developing an ecosystem to support theentrepreneurial community in the UAE

Rob Valli

September 19, 2006Entrepreneurship 2010


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O verview

A New ParadigmElements of an ideal entrepreneurial ecosystemThe Cambridge Phenomenon UK

Comments / questions


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From the Industrial Triangle to the Entrepreneurial Box From the Industrial Triangle to the Entrepreneurial Box

Copyright 2006 Carl J. Schramm


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W hat is needed to move from this


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.. to this.?


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Public Policy LeadershipClarity; responsibility assigned for developing strategy &

its implementation; milestones; performancemeasurement

People Entrepreneurs, experienced managers, appropriatelyskilled workforce, mentors & sources of new talent.

Balanced enterprisepopulation

Appropriate balance of size, function (R&D, production,distribution etc) and origin (local startups, inwardlyinvested)

Appropriate balance of industry specialisation versusgeneralisation

Infrastructure Communication, transportation, education, health,housing, commercial property

Service providersAccountants, lawyers, patent agents, HR, PR, marketing,

banks, technology and design consultancy, businessincubation

Funding=Angels= UN CLES Balance of grant, debt and equity provision for all stagesof venture growth

N etworks & conferences Events and activities that ensure interaction, exchangeand knowledge transfer

K nowledge EconomyGenerators of science and technology; appropriate

structures for technology/knowledge transfer Pilot new innovation through collaborations!!!


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Cambridge: People


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Joe Marks Hermann Hauser Hermann Hauser Hermann Hauser Hermann Hauser Martin Jackson Charles Smith David CleeveleyChris Curry Peter W ynn Mike Muller

Andy Hopper Hermann Hauser Stephen IvesDavid Greaves Steve Furber Chris W adeHermann Hauser Sophie W ilson Robert SwannRobert Sansom Peter W ynn Hermann Hauser

Mike Muller Jack Lang Hermann Hauser Tudor Brown David Cleeveley

Alex van Someren Sir Alec Broer Jack Lang Nigel Brown Confidential

Laurence GarrettStan Boland

Hermann Hauser Simon KnowlesChris Curry

Alex van Someren Simon Segars Hermann Hauser Stan BolandNicko van Someren Hermann Hauser Jack Lang Simon Knowles

Robin Saxby Peter W ynnHermann Hauser Jamie Urquhart Daniel Hall Ray Anderson Hermann Hauser

Andy Hopper Mike Muller Adrian W rigley Daniel Hall Richard Friend Andy Hopper Mike Muller Hermann Hauser Tudor Brown Hermann Hauser Hermann Hauser Sir Alec Broer Hermann Hauser Chris Keightley Peter W ynn Simon Segars

Andy Hopper Chris Curry Stephen Ives Duncan Stewart Hermann Hauser Hermann Hauser Hermann Hauser Herman Hauser Richard Friend

Peter W ynn Nigel BerryStephen Ives Duncan StewartRay Anderson

Andy Hopper Hermann Hauser Hermann Hauser Stephen Ives Stephen Ives Phil O' Donovan

Hermann Hauser Haroon Ahmed Ray Anderson Ray Anderson Professor Steve Young James Collier Andy Hopper Hermann Hauser Lawrence Garrett Hermann Hauser Glenn CollinsonCharles Cotton Andy Hopper Hermann Hauser Hermann Hauser Martin Jackson Michael Ledzion John Paul Auton

S tep he n E ll io t L awre nc e Ga rre ttHermann Hauser

Andy Hopper Andy Hopper Chris Keightley Duncan Stewart Andy Hopper Andy Harter Hermann Hauser Tom Saylor Jonathan Milner John BatesHermann Hauser Tr is tan Richardson Peter W harton Peter W ynn David Cleevely Andy Hopper

James W e at he ra ll P et er W ynn Andy Richards Hermann Hauser Hermann Hauser David Cleevely Hermann Hauser Professor Azim Surani Jonathan Milner

David Baker David Knowles David CleevelyPete Steggles Mark Moore Hermann Hauser Hermann Hauser

Andy Hopper Andy Hopper Jack Lang Ivan Petyaev Paul GoldsmithsCharles Cotton Andy W ard Andy Richards

Sonial Shah Ray Anderson Hermann Hauser Hermann Hauser Tim Haynes Hermann Hauser

Martin W ilson David Cleevely Heather FairheadDuncan Barclay Ronjon Nag Hermann Hauser

Stephen Furber Shane Flint Mike Pepper Hermann Hauser Movement of people Hermann Hauser Don Arnone Ray AndersonInvestee companies through VC firm Hermann Hauser The people highlighted who are associ ated with University of Cambridge Shankar Balasubramanian(former/current researchers, faculty, staff or students) Mark Bernstein David Klenerman Tony Quested

Hermann Hauser Tim Rink Kate QuestedMark Carthy Hermann Hauser

ARM Electronic ShareInformation (E* Trade) ART

O livetti

Artimi

Cambridge University CambridgeNetwork

IQ Bio

Cambridge Angels

ANT

Acorn

Amadeus CapitalPartners

CavenishKinetics

Active Book

O rbis Cambridge Ring

Element 14

Cambridge 3G

Plastic Logic

CDT

PolightTechnologies

CSR

Abcam

Arakis (SirusPharmaceuticals

CCLIves & Cos

AspectivesTrigenixLtd

CambridgeTheranostics

O livettiResearch Ltd

Virata

Conexant

NetChannel

Harlequin

IXI Ltd

EntertainmentO n-Line EO Incorporated

CPU

IPV (Telemedia

Systems Ltd)

Qudos

Adaptive Broadband

Cambridge Broadband

Real VNC

Ubisense

AT &T

Level 5 Network

Nujira

Solexa

TeraView

Icera

Inskis

TO RUS

GlobespanVirata

Entropic

Apama

Smartner

Bango.net

CellCentric

Cellmania

PhicoTherapeutics

CambridgeInternetworking

Tenison EDA

Creature Labs

Q-Communications

General InformationSystem(GIS)

Daniolabs

Cogniscience

Gosurprise

Gameplay

nCipher

Copyright Y.M.Myint - [email protected] ,


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Cambridge: Funding

Fund Fund(s) size Investment range URL

From To

3i 7bn (Globally) 1m 50m www.3i.com

A madeus Capital Partners 288m 1m 20m www.amadeuscapital.com

A vlar BioVentures 64m 25k 4.3m www.avlar.com

Cambridge Gateway Fund 35m 1m 5m www.cambridgegateway.com

Create Partners (East of EnglandRegional Venture Capital Fund)

20m 100k 2m www.createpartners.com

East of England Co-InvestmentFund 3.6m 25k 250k

www.nwbrown.co.uk/seed_funding/east_of_england .asp

ET Capital 13m 20k 750k www.etcapital.com

GEIF Ventures 5m - 100k (400k) www.geifventures.co.uk

IQ Capital 25m - 750k www.nwbrown.co.uk

Prelude Ventures 49m 10k 5m www.prelude-technology.co.uk

TTP Venture Managers 35m - 3m www.ttpventures.com

University Challenge Fund(UCF) [1] 4m 10k 250k www.challengefund.cam.ac.uk

7 90m


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Cambridge (and everywhere!): Funding


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T he Entrepreneurship Agenda

Advancing Entrepreneurial Success

Build awareness in thegeneral public about thebenefit of entrepreneurship tosociety.Expose children, youth,college students, andadults to the opportunity

and rewards of entrepreneurship.

Educate the nextgeneration of entrepreneurs who willstart, grow and sustaininnovative enterprises.

Close performancegap for women andminorities.

Focus on science andengineeringinnovations.

Encourage people to giveback to their communities.

Advance theunderstanding of entrepreneurship.Encourage a supportivepolicy environment.Improve the availabilityand quality of serviceproviders.

Provide access to capital.Increase movement of innovation to themarketplace.

Awareness Capacity Infrastructure


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Innovation Ecosystem

O pen Collaborations

Faculty-Firm- N ot for Profit Consulting/Sponsored Research

Increase entrepreneurship capabilityof research faculty

change university policy/practicedevelop new multi-university model(s)implement transaction tools


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T he outgoing transaction side of the dynamic drives theincoming side and vice versa

Common management and a consolidated organization fosterscooperation, coordination

A given interaction is not at the expense of another

CO MPA N IES

O utgoing:Inventions,materials,expertise,collaboration

Incoming:Funding,

materials,collaboration

P U LL

UN IVERSI T Y

P U SH


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Partnership for Growth Goals

Create Collaborative Capital Generation of Global Interest

O pportunities for innovationIncreased number of start-up and growthbusinessesNational Vibrancy=Sustainable Growth


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Aligning the Ecosystem

Key Success FactorsWhat specific tasks have

to get done to implementthe strategy?

H uman ResourcesDo people have the

necessary competencies?Are they motivated?

Formal OrganizationStructure? Controls?Rewards? Careers?

CultureWhat are the norms,

values, attitudes, andbehaviors needed?

Strategy What business are we in?How will be compete?Whats our vision?

Executive LeadershipBehaviorInformationSymbolic action


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Execution Is the Key

I could leave or strategic plan on a plane and itwouldnt make any difference. No one could

execute it. Our success has nothing to do with

planning. It has to do with execution.D ick KovacevichCEO Wells Fargo

Competitive advantage comes not from strategy but fromexecution and execution depends on people.


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C onclusion

Creating a productive entrepreneurialecosystem will enable start-ups to achieve

sustainable growth, thus creating

knowledge & jobs for the region.

Questions & Comments PLEASE!

rob valli - developing an ecosystem to support an entreprenuerial community in the uae

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