Entrepedia for Newcomers

8/3/2019 Entrepedia for Newcomers

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www.informatics-ventureswww.informatics-ventures

Informatics Ventures OverviewAndrew Mitchell | [email protected] | +44(0)7793111386


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www.informatics-ventureswww.informatics-ventures

Informatics Ventures OverviewAndrew [email protected]

+44(0)7793111386


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www.informatics-ventures

Supportingglobally ambitioussoftware startups across Scotland

Infecting the world of academia with

successful serial-entrepreneurs andemergent entrepreneurs


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Customers:1. SICSA* staff and students

2. Existing software companies with global growth ambitions

Inspire SICSA staff/students to form globally ambitious companies

Engage SICSA staff/students with existing Scottish software companies

Engage Scottish software companies with SICSA research

* SICSA = Scottish Informatics and Computer Science Alliance (Research Pool) www.sicsa.ac.uk

Objectives and desired outcomes:
http://www.sicsa.ac.uk/http://www.sicsa.ac.uk/http://www.sicsa.ac.uk/


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Approved by ESEP Ltd / Scottish GovernmentERDF intervention would complement and add to PROSPEKT through:

Accelerated and significant support for informatics enterprises from

students, graduates and staff(Scotland wide);

Flagship annual intensive entrepreneurship programme;

Engagement with local/Scottish entrepreneurs and global experts in

entrepreneurship education/training;

Significant expansion ofonline teaching materials, for the benefit of

Scotland. A statement ofintent to learn from and work with Stanford, MIT and

Cambridge as exemplar clusters.


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Governance

The Court of The

University of Edinburgh

UofE Finance UofE Procurement

College of Science & Engineering

School of Informatics

ProspeKT / Informatics VenturesProspeKT Board

Scottish Enterprise

UofE

ERI Ltd

Entrepreneurs

Scotland IS

EdinburghResearch &

Innovation Ltd


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Approved by ESEP Ltd / Scottish Government

Managing Authority Approved Finances

Staff costs 142,441 142,441 142,441 427,323

Core Marketing 55,000 55,000 55,000 165,000

IV Staff Travel 15,745 15,745 15,745 47,236

WORKSHOPS/EVENTS 410,000 410,000 410,000 1,230,000

Web Outreach 118,000 118,000 118,000 354,000

ECP WINNERS (comprises a 'structured commercialisation process' that is directed byEntrepreneurs in Residence and accessed by enterprises competitively based on participation at themain ECP events)

490,000 490,000 490,000 1,470,000

1,231,186 1,231,186 1,231,186 3,693,559


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Practitioner led entrepreneurship education:

Silicon Valley Speaker Series

MIT Entrepreneurship Center workshops

SICSA entrepreneurship summer school / bootcamps

Entrepreneurship outreach on the web:

www.entrepedia.org

www.informatics-ventures.com/initiatives/podium

www.techmeetup.co.uk

Focussed support for potential winners:

Entrepreneurs in Residence

University of Cambridge Ignite and MIT Entrepreneurship Development Programme

Connecting the community: iPhone Applications Group

Touch Finance Microsoft / Royal Bank of Scotland Surface Apps Competition

Engage | Invest | Exploit & Lifting the Lid

The Four Pillars of Informatics Ventures:-


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www.informatics-venturesVideo source: http://www.informatics-ventures.com/eie09
http://www.informatics-ventures.com/eie09http://www.informatics-ventures.com/eie09


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First 18 months Informatics Ventures has delivered:

Engage | Invest | Exploit, April 2008

Engage | Invest | Exploit, April 2009: http://www.informatics-ventures.com/eie09

Reality Check with Guy Kawasaki for SICSA students, April 2009

International Entrepreneurship Educators Conference Sep 2009

MIT Entrepreneurship Center workshops:

o Global Sales Strategies, Sep 2008

o Entrepreneurial Product Marketing, Nov 2008

o Global Sales Strategies, Feb 2009 (with Hillington Park Innovation Centre)

o Entrepreneurial Operational Excellence, Feb 2009

o Financing for Growth, May 2009

o New Approaches to Leadership for Aspiring Women Managers and Entrepreneurs, August 2009

o Leadership & Teams, Edinburgh, September 2009
http://www.informatics-ventures.com/eie09http://www.informatics-ventures.com/eie09


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Cambridge/Scotland entrepreneurs forum, Oct 2008 (Edinburgh).

Cambridge/Scotland entrepreneurs forum, Oct 2009 (Cambridge).

12 enterprises to MIT Entrepreneurship Development Program, Jan 2009

11 enterprises to Cambridge Ignite Programme, June 2009

12 student enterprises to Cambridge Enterprisers Programme, May 2009

School for Startups with Doug Richard:

o Edinburgh, 28th October 2008: The Six Rules for Startups

o Glasgow, 10th & 11th December 2008: The Six Rules for Startups& Entrepreneurial Economics

o Aberdeen, 1st June 2009: The Six Rules for Startups

o Edinburgh, 2nd June Zero Cost Marketing for Startups

Development of web projects: pod.ium, techmeetup.co.uk, entrepedia.

First 18 months Informatics Ventures has delivered:


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Ignite @ University of Cambridge.

Edinburgh:Dot Red Games Ltd

QUAID

Affect Labs Ltd

Spinsight Ltd

WikiJob Ltd

QUAID

Hoodeasy Ltd

Glasgow

Brainwave Discovery Ltd

Robomotic x2

RGU

Oncology Workbench

NapierInquisitive Systems

SE

John Murray


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Scotland-Cambridge workshop

Took place in October 2008

Beveridge, Denyer, Milne, Sharpe, Mackintosh, Simpson

SoI, Hunter Centre / Strathclyde, EPIS, SE PoC, McGrigors, Archangel

Distinguished entrepreneurs from Cambridge

CfEL, CUE, IfM, Cambridge Network/Angels, St Johns, Pond Ventures, Cartezia

Validated our position on an Entrepreneur in Residence scheme

Brought out the importance of celebrating local heroes

Debated the role and structure of social capital and networks in Scotland

Discussed the concept of a Centre for Practitioner Led Entrepreneurship

Next step: EiRs return match in the Cambridge Ecosystem (Beveridge)


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Schedule for next 6 months:

October: Entrepreneurs in Residence visit to Cambridge (20th 21st)

Silicon Valley CEO Master Class with Sean Ellis (30th)

November: Silicon Valley CEO Master Class with Jim Papp (5th)

Global Sales Strategies for Ambitious Entrepreneurs, EBS (20th 21st)

SICSA DEMOfest 2009 (24th)

Silicon Valley CEO Master Class with Alex OHanian (26th)

December: Silicon Valley CEO Master Class with Sean Foot (3rd)

January: MIT Entrepreneurship Development Programme (24th 29th)

Entrepreneurial Product Marketing (12th 13th tbc)

February: TechCrunch event in Edinburgh (tbc)

Silicon Valley CEO Master Class with Kathy Ku (5th)

Silicon Valley CEO Master Class with Bill Joos (13th)

March: Silicon Valley CEO Master Class with Trevor Loy (25th)

Financing for Growth, (26th 27th)

April: SICSA Enterprisers with University of Cambridge (12th 16th)

Engage | Invest | Exploit 2010 (28th)


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Preliminary results from investor showcase survey:

Good news:

11/12 (92%) say they have had contact with someone as a result of EIE

8/12 (67%) say they've considered investing in relation to someone met at EIE

10/12 (83%) say they'll be back next year. The other 17% say maybe. Nobody said no =)

Suggestions/criticism:

'Majority of posters / stands were too techie and did not explain value proposition in business terms

Pitches also 'need to be tighter and more focused...investors want a quick summary, then will follow-up ifinterested in the company's people and product.,

Some suggest that pitches are a more central part of the event instead of being a side show.


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Numbers:

11 core workshops delivered:

1.MIT - Global Sales Strategies for Ambitious Entrepreneurs, Edinburgh Sep 2008

2.MIT - Entrepreneurial Product Marketing, Edinburgh Nov 2008

3.MIT - Entrepreneurship Development Programme, Cambridge, USA Jan 2009

4.MIT - Global Sales Strategies for Ambitious Entrepreneurs, Glasgow Feb 2009

5.MIT - Entrepreneurial Operational Excellence, Edinburgh Feb 2009

6.MIT - Financing for Growth, Edinburgh May 2009

7.University of Cambridge - Enterprisers, Bedfordshire May 2009

8.University of Cambridge - Ignite, Cambridge June/July 2009

9.MIT - Leadership for Aspiring Women Entrepreneurs, Managers & CEOs, Edinburgh August 2009

10.MIT - Entrepreneurial Leadership & Teams, Edinburgh Aug 2009

11.University of Cambridge - Enterprisers, Darlington October 2009

Three School for Startups delivered 2008-2009 (awaiting data from Danny Helson)


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7,148 hours of executive entrepreneurship education delivered.

The image below is a tag cloud (http://tagcrowd.com/) visualising job titles of participants:


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7,148hours of executive entrepreneurship education delivered

221 unique participants, from:

180 unique companies / organisations / enterprises

99 entrepreneurs, investors engaged as elevator pitch judges

40 companies exposed to investors at Engage | Invest | Exploit 09:http://www.informatics-ventures.com/eie09-crib-sheets.pdf

3* equity deals in negotiation as a result of Engage | Invest | Exploit 09* that we are aware of, potentially more.
http://www.informatics-ventures.com/eie09-crib-sheets.pdfhttp://www.informatics-ventures.com/eie09-crib-sheets.pdf


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99 individuals in the ecosystem engaged from:


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23 SE Proof of Concept projects

8SE High Growth / Equity companies

7Edinburgh Pre Incubator Scheme supported companies

4 SE/Royal Society of Edinburgh supported companies

2NESTA supported companies

2SE Commercial Breakthrough Service supported companies

1SE Intermediary Technology Institutes supported company1Princes Scottish Youth Business Trust supported company


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23entrepreneurs from Scottish Enterprise Proof of Concept engaged:

Ann Marie Shillito, Anarkik3D Ltd - Edinburgh College of Art

David Hamilton, Ateeda Ltd - University of StrathclydeBen Panter, Blackford Analysis Ltd - University of Edinburgh

Wayne Davies, Brainwave Discovery Ltd, University of Glasgow

Douglas Armstrong, Brainwave Discovery Ltd, University of Edinburgh

Alan Davidson - Edinburgh Napier University

Griogair Whyte - University of Glasgow

James Heward, iBehave - University of Edinburgh

Ruth Murray, Immunosolv Ltd - University of Edinburgh

Niladri Bose - Edinburgh Napier UniversityTom McEwan - Edinburgh Napier University

Alasdair McDonald, NGenTec - University of Edinburgh

Gordon Stuart, Technology Entrepreneur

Tughrul Arslan, SATSIS Ltd - University of Edinburgh

Rob Palfreyman, SATSIS Ltd - University of EdinburghAlan Blunt, Technology Entrepreneur

Chris Hatton, Solar Healthcare - University of Strathclyde

Steve Parkes, STAR-Dundee Ltd - University of DundeeCraig Ramsay, STAR-Dundee Ltd - University of Dundee

Helen Hastie, DUDE - University of EdinburghPhilippa Parmiter - University of Edinburgh

Timothy Drysdale - University of Glasgow

Sonia Schulenburg, Level E Ltd - Edinburgh Napier University


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Geographic breakdown of participants:

Edinburgh 174

Glasgow 73

Aberdeen 23

Dundee 12

St Andrews 9Stirling 7

Ayr 3

Lanarkshire 2

Aviemore 1

Melrose 1

Perthshire 1

Renfrew 1


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Testimonials on MIT workshops:

Kens Class was very timely, focused and of great value for all of us at Traceall, as we develop our international

sales strategy. A must attend for all high growth technology-based companies looking to scale globally.Scot

McRae, Commercial Director, Traceall Ltd, Glasgow.

The event surpassed my expectations and I gained much from attending; I am certain the outputs will be

implemented at ATEEDA (and elsewhere). Kens experience is real world and he is an inspiration to us all. Bill

Buckie, Finance Director, Cascade Technologies Ltd, Stirling.

I consider the Global Sales Workshop to be one of the most relevant and laser-focused company advancement

programs I have ever attended. One of the most relevant and fundamentally important 2 Days that any company

with global ambition could commit to. The wealth of written value was illuminated by Kens laser guide focus,delivery style and personality.

Andy Travers, Head of Business Development, KeyPoint Technologies Ltd, Glasgow.

"I have been inspired by the leadership workshop last week and am considering starting a new company to

launch a product based on a recent successful project which I believe is marketable in a more generic form to

other businesses.

"The MIT gang is great; between yourselves and them you are kickstarting a real Scottish tech community,something which no one else has managed to do.

"Thoroughly enjoyed the two days and plenty of food for thought for growing our business over the coming

months and years."


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Testimonials on Ignite:

I really hope something like that (Ignite) can be reproduced in Scotland, Maybe we don't have all

those big companies and millionaires around but it will attract more investments.Paolo Di Prodi , Robomotic, University of Glasgow

Both I and my business have benefited from taking a week to properly consider exactly what and

how we are doing things. The range of people and experience available there was excellent. All in

all, thoroughly worthwhile!

Chris Muktar www.WikiJob.co.uk

Concrete outcomes:

1. I improved my presentation with the help and facilities there.

2. The venture capital firm we visited, IQ capital, showed interest in Quaid. We plan to contact them

when Quaid is more mature.

3. An MBA graduate showed interest to join the team. We will follow up the discussion when we

have a stronger financial status.

4. Numerous advice, business contacts from the activities associated with the training.

Xibei Jia, QUAID, University of Edinburgh

Was certainly productive, especially as we're soon beginning our next round of fundraising.

Alex McAndrew, Spinsight Ltd


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Testimonial from the ecosystem:

You have done a huge amount to put the entrepreneurial energy of theSchool of Informatics on the map in a very short time. All we have left in

Edinburgh which can make any claim to being truly world class is our

intellectual assets and I am more than ever convinced of the importance of

nurturing the talent which was so much in evidence on Wednesday to build

the wealth creating companies of tomorrow.

Sandy Finlayson

Senior Partner

MBM Commercial LLP

&

Stuart Hendry

Partner

MBM Commercial LLP

In a letter to Andrew Mitchell, 1st May 2009


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Entrepedia for Newcomers

Documents

Transcript of Entrepedia for Newcomers