“Launching of a BAN in Madrid: key learnings” Edinburgh, 6 October 2005

EUROPEAN INNOVATION WORKSHOP“Launching a BAN in Madrid:

key learnings”

Edinburgh, 6 October 2005

Miguel PalaciosUniversidad Politécnica de Madrid

(Madri+d System)

“Launching of a BAN in Madrid: key learnings” Edinburgh, 6 October 2005

1. Introduction to the project A PAXIS success story

StuttgartMadrid

Cambridge

• BAN Madri+d created and adapted to the Madrid environment. Focused on NTBF.

• Big expectations among investors and project suppliers.

• Started the discussion over BANs in Madrid. Subsequently 4 other BANs in the

process of launching (IE, IESE, ESADE and IMADE).

• First two investments already made during the summer. Other in process.

• BAN Madri+d created and adapted to the Madrid environment. Focused on NTBF.

• Big expectations among investors and project suppliers.

• Started the discussion over BANs in Madrid. Subsequently 4 other BANs in the

process of launching (IE, IESE, ESADE and IMADE).

• First two investments already made during the summer. Other in process.

MAIN RESULTSMAIN RESULTS

This BAN results on the close cooperation

between Stuttgart and Madrid, within the SPRING II project.

This BAN results on the close cooperation

between Stuttgart and Madrid, within the SPRING II project.

Stockholm

“Launching of a BAN in Madrid: key learnings” Edinburgh, 6 October 2005

2. Critical factorIntegration within regional development model

The BAN integrates with the regional entrepreneurship support model and in that way favors high quality dealflow.

RegionalEnvironment

NTBF Support Mechanisms

NTBF Support Strategies

Feedback

Intellectual Capital Analysis

Mapping of NTBF Support

StrategiesMapping

of Existing Support

Strategies

OUTPUTS

- New regional BAN

- New training tools

- Coordination with institutions

SPRING II European

Benchmarking Model on MFE

Location in Framework

“Launching of a BAN in Madrid: key learnings” Edinburgh, 6 October 2005

3. Key success factors and obstacles

• PAXIS (Spring II) support:

•Existing operating models

•Model design methodology testing

•Advice on steps to follow

• Rigorous methodology and reputed

implementers (credibility and weight in

the region)

• Integration with existing region

entrepreneurship support model (idea

contests, training and tutoring,

integrated regional model).

• PAXIS (Spring II) support:

•Existing operating models

•Model design methodology testing

•Advice on steps to follow

• Rigorous methodology and reputed

implementers (credibility and weight in

the region)

• Integration with existing region

entrepreneurship support model (idea

contests, training and tutoring,

integrated regional model).

KEY SUCCES FACTORSKEY SUCCES FACTORS

• Financial commitment until the

model is self sustainable

(estimated : 6-8 years) for operations

• Convincing systematic project

developers (universities, research

centers) of “let-go” their projects in

order for them to get financing

• Financial commitment until the

model is self sustainable

(estimated : 6-8 years) for operations

• Convincing systematic project

developers (universities, research

centers) of “let-go” their projects in

order for them to get financing

MAIN DIFFICULTIESMAIN DIFFICULTIES

Knowledge (PAXIS), local adaptation and implementers reputation have been critical for success

“Launching of a BAN in Madrid: key learnings” Edinburgh, 6 October 2005

4. Next stepsSuccessfully expand the model to other European

countries

1) PAXIS has made possible the

development of several BANs in

Madrid. There is now the potential to

transfer this methodology to less

advanced investment environments

in Europe.

2) Guaranteeing quality deal flow is

crucial for BANs. Business Plan

Competitions and other measures

should be studied to foster

entrepreneurship in universities and

research centers, wherever a BAN is

implemented.

1) PAXIS has made possible the

development of several BANs in

Madrid. There is now the potential to

transfer this methodology to less

advanced investment environments

in Europe.

2) Guaranteeing quality deal flow is

crucial for BANs. Business Plan

Competitions and other measures

should be studied to foster

entrepreneurship in universities and

research centers, wherever a BAN is

implemented.