A Partnership of 5 research-intensive HEI’s with a 12 year+ commitment to innovation & entrepreneurship
Five ‘owned & operated’ SETsquared Centres supported by:
ID, Central Team with business plan & budget approval from:
Management Board of University Partners’ Research & Innovation Directors
Executive Board of University Partners’ PVCs for Research
What is SETsquared?
So what’s the ‘start-up’ problem? Start-Up Business ‘Success’ is a ‘Multi-event Line-up’: Company has sufficient finance at right time Management is capable & focused Development goes to plan Deployment goes to plan Competitors behave as expected Customers behave as expected IP is competitive & defensible Management, Board & Shareholders behave as expected
Thanks to Prof. Dimov, University of Bath & Source: Zider (1998)
So what’s the ‘start-up’ problem? Start-Up Business ‘Success’ is a ‘Multi-event Line-up’: - Event Probability Company has sufficient finance at right time – 80% Management is capable & focused – 80% Development goes to plan – 80% Deployment goes to plan – 80% Competitors behave as expected – 80% Customers behave as expected – 80% IP is competitive & defensible – 80% Management, Board & Shareholders behave as expected – 80%
Thanks to Prof. Dimov, University of Bath & Source: Zider (1998)
£15M Raised
£2M Raised
£195M Trade Sale to Cisco
£XXM Trade Sale to Maxim
£XM Trade Sale to Jonas Group
£9M Raised
£XXM Trade Sale to Twitter
£150k Raised £300k Raised £800k Raised
£25M Raised £20M Raised
Top Related