Date post: | 20-Jul-2015 |
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2015 Edition of inRes Very Early Stage Acceleration Program
Tra in ing in Po r t ug a l fo l l owe d by a t wo -m ont h im m e r s ion in t he US
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Carnegie Mellon Portugal Program
Pioneer in the development of collaboration and partnership models
Mission: Create new knowledge in key focused areas of information and communications technologies by means of cutting-edge research, world-class graduate education, and a close connection with Portuguese Industry, thus placing Portugal at the forefront of Science and Innovation.
Strategic Areas:
Knowledge Creation Talent Development
Partners: Research Institutions
Portuguese Universities
Public Organizations and Companies Carnegie Mellon
University
Innovation
Instruments:
inRes
Dual Degree
Programs
Faculty Exchange Program
Entrepreneurial Research Initiatives
Early Bird
Projects
Undergraduate Internships
Program
Industry Affiliates Program
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Vibrant Ecosystem Education, Research and Innovation
Education
~300 Dual
Degree Students
> 200 Alumni
> 400 Faculty
Members
~60 Faculty
Exchanges from
Portugal to CMU
Research
10 Early Bird Projects
Innovation
Creation of 10 Startups
9 Portuguese
inRes Teams
20 Undergraduate
Internship Members
25 Collaborative
Projects
6 Entrepreneurial
Research Initiatives
Impact in >90 Organizations
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Early stage high-tech new ventures, in particular academic spin-offs, led by less experienced entrepreneurs, often have human and social capital gaps.
Entrepreneurial teams in these contexts often lack:
specific competences for the management of early stage technology businesses
mentoring and contacts with potential advisors contacts with potential customers,
partners, industry experts, and funding
As a consequence, they may develop more slowly and with inferior performance
2015 Edit ion of inRes
Problem Addressed
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• inRes seeks to address these hurdles by prov id ing inRes teams a t ra in ing per iod in Por tugal , fo l lowed by a two-month st ructured immers ion per iod in P i t tsburgh, in the U.S . , anchored at Carnegie Mel lon Univers i ty (CMU) .
• inRes teams wi l l benef i t of an env i ronment wi th a h igh densi ty of wor ld - leading
research groups, as wel l as market and industr y specia l is ts , in a var iety of h igh-tech areas.
• Princ ip les of Steve Blank’s Lean LaunchPad Methodology
• inRes is a natural s tep for the CMU Por tugal Program. S ince i ts incept ion, and through i ts mult ip le in i t iat ives in educat ion, research and innovat ion, the Program has d i rect ly contr ibuted to the creat ion of 10 star tups.
2015 Edit ion of inRes
Approach
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2015 Edit ion of inRes
Structure
Application & Selection (Portugal)
Until May 8
Call
June 19
Announce Results
Preparation Phase
(Portugal)
Week of June 22
Week of July 13
Week of July 27
Week of Aug. 31
Immersion Phase (U.S.)
Sept. to Nov.
Networking and Business development
Internship at Accelerator
Training Program
Closing Session
(Portugal)
Dec.
(Tentative)
Program Overview Customer Development Operations & Partners Art of Pitching Value Proposition Venture Deals Strategic Assessment Market Research CMU Ecosystem
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Networking and business development
Mentor Iterate product/service and business concepts Develop contacts Engage advisors
Internship at accelerator
Work side by side with other startups
Share challenges and approaches
Training program
Workshops and seminars in managerial development
Periodic meetings with mentors and faculty
members
n pitching n customer development n managing technology n hiring and developing a team n personal management
n executing and selling n budgeting and funding n building and leading a board n venture deals
2015 Edit ion of inRes Streams of Work
¡ Aspects of manager ia l development
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2015 Edit ion of inRes
inRes Teams Profile
§ a strong and committed team, capable of taking advantage of an immersion period in the US;
§ an ICT-based product/service, with proven technical feasibil ity, a clear value proposition, and a clear competitive advantage;
§ a product/service that caters to a strong need, in a large market, with a favorable competitive position;
§ a realistic path to market; § a reasonable level of initial interactions with target markets and industries, and
minimally consistent product/service and business concepts; § projects that are not yet established regularly selling products/services.
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¡ The inRes Program del ivers : § Valuable international networking opportunities § Advanced training in high-tech startup management § The opportunity to work side by side with CMU entrepreneurs
¡ The inRes Program wi l l he lp your team to : § Critically evaluate and sharpen the fundamentals of your business idea § Learn from successful technology entrepreneurs § Learn from experts in your technology, market, industry § Develop your entrepreneurial management skills § Address challenges in your development path § Network and share problems and solutions with peers
2015 Edit ion of inRes
Overview
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• A g loba l research un iver s i ty w i th more than 1 2,500 s tudents .
• In ternat iona l l y ranked research un iver s i t y w i th programs in areas rang ing f rom sc ience , techno logy and bus iness , to pub l ic po l i cy, the humani t ies and the ar ts .
• 19 Nobel Laureates in f i ve o f the s ix categor ies . www.cmu.edu
Campuses: PITTSBURGH, SILICON VALLEY, QATAR Degree-granting programs: AFRICA, ASIA, AUSTRALIA, EUROPE AND LATIN AMERICA Alumni: 98,000 IN NEARLY 130 COUNTRIES
2015 Edit ion of inRes
Carnegie Mellon University
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2015 Edit ion of inRes
Carnegie Mellon University ¡ C arne g ie M e l lo n U n i ve r s i t y h as qu ic k l y be c o m e o ne o f t h e f as te s t g row ing e n t re p re ne ur ia l
un i ve r s i t i e s in t he Un i te d S t a te s : § Rank s f i r s t am ong t he As s oc ia t ion o f Am e r i can Un i ve r s i t i e s ( AAU) s c hoo ls in t he num be r o f
s t a r t ups pe r re s e arc h do l la r. ( ana l y s i s o f t h e f i ve - ye ar A s s o c ia t io n o f U n i ve r s i t y Te c h no lo g y Manage r s da t a 0 8 -1 2 ) .
§ H e lpe d to g re e n l ig h t m ore t h an 1 ,0 0 0 com pan ie s ac ros s indus t r ie s s uc h as robot i cs , s o f t ware app l i c a t io ns , e ne rg y, h e a l t h c a re and f inanc e .
§ I n 2 01 3 C MU’s award -w inn ing p ro fe s s o r s and s t ude nt s p roduce d a re co rd num be r o f 3 6 new compan ie s .
¡ C M U ' s m a in c am pus i s l o c a te d in P i t t s burg h , t h e s e c o nd - la rg e s t c i t y i n t h e U . S . C o m m o nwe a l t h o f Pe nnsy l van ia .
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2015 Edit ion of inRes The inRes Network
Guest Speakers of the 2014 Edition of inRes
Core Experts
Paulo Marques, Feedzai
Rogério Carapuça, Novabase
Pedro Guedes Oliveira, FEUP
Mário Zenha Rela, Dognaedis & RedLight
Vasco Pedro, Unbabel
Nikhil Balram, Ricoh Innovations
João Claro, CMU Portugal Program
Dave Mawhinney, CIE-CMU
Tara Branstad, CTTEC - CMU
Reed McManigle, CTTEC - CMU
Suzi Pegg, Pittsburgh Regional Alliance
Successful entrepreneurs, organization leaders
Among others
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2015 Edit ion of inRes Key Dates
April 8 - May 8, 2015 Call for Applications
June 1-12, 2015 Selection Process with In-person Interviews
June 19, 2015 Announcement of the Results
June to Sept., 2015 Training in Portugal
Sept. 21 - Nov. 6, 2015
Immersion in Pittsburgh
Nov. – Dec., 2015 Follow-up Meetings Closing Session
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¡ Organized by: § CMU Portugal Program
¡ In par tnership with: § Carnegie Mellon University (through CIE and CTTEC) § Pittsburgh Regional Alliance § UTEN Portugal Program § INESC TEC
¡ Funded by: ¡ Fundação para a Ciência e a Tecnologia
2015 Edit ion of inRes
Partners
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2014 Edit ion of inRes
Moments n AddVol t , D isp l r, Fo l lowpr ice and Xhockware were
chosen through a compet i t i ve se lect ion process , wh ich inc luded a per sonal in ter v iew wi th each of the 14 teams that submit ted an app l icat ion .
n Whi le in P i t tsburgh , the teams par t ic ipated on the Techstar s/Spr in t Acce lerator a t CMU; on the LaunchCMU Demo & Poster Sess ion ; on the Three R iver s Venture fa i r ; and at tended severa l workshops organized in the scope of the NSF I -Corps S i te a t CMU; among other s .
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Are you star t ing a new business in ICT? Have you reached the stage where you have proven technical feasibi l i ty, had interaction with your target
industry, but have not yet reached regular sales?
If your answer to these questions is yes, we invite you to come and learn more about the 2015 Edit ion of inRes!
www.cmuportugal .org : : inres@cmuportugal .org
2015 Edit ion of inRes Very Early Stage Acceleration Program
ww
w.c
mup
ortu
gal.o
rg
Carnegie Mellon Portugal Program
Pioneer in the development of collaboration and partnership models
Mission: Create new knowledge in key focused areas of information and communications technologies by means of cutting-edge research, world-class graduate education, and a close connection with Portuguese Industry, thus placing Portugal at the forefront of Science and Innovation.
Strategic Areas:
Knowledge Creation Talent Development
Partners: Research Institutions
Portuguese Universities
Public Organizations and Companies Carnegie Mellon
University
Innovation
Instruments:
inRes
Dual Degree
Programs
Faculty Exchange Program
Entrepreneurial Research Initiatives
Early Bird
Projects
Undergraduate Internships
Program
Industry Affiliates Program