Copyright 2009-2013ISCTE-IULCopyright 2009-2010 Audax Center for Entrepreneurship ISCTE-IUL
1
Building Global innovators©
A unique Global Innovation & Entrepreneurship initiative
Gonçalo AmorimProgram DirectorMIT Portugal – Innovation & Entrepreneurship InitiativeISCTE-IUL Business School
© ISCTE-IUL, 2012 – All rights reserved
1
Copyright 2009-2013ISCTE-IUL
For whom? Teams with a dream:
• Would-be Entrepreneurs• Innovators (Start-up / Spin-out under 5y and <2,5M€)
• An innovation & entrepreneurship, tech-based Venture competition
9
Building Global Innovators® Venture Competition
What is it?
Copyright 2009-2013ISCTE-IULCopyright 2009-2010 Audax Center for Entrepreneurship ISCTE-IUL
In a nutshell:• International tech-based venture competition• Held once a year, 4th ed. launched March'14th
• 4 Market-application tracks:
1. Health-tech
2. Smart cities
3. IT, Web & Mobile
4. Consumer Products and Services
10
Copyright 2009-2013ISCTE-IULCopyright 2009-2010 Audax Center for Entrepreneurship ISCTE-IUL
4
Building Global innovators©
Our results thus far:
80% of semi-finalist's have launched start-ups following e-teams I crash course
Semi-finalist's secured financing over €15M (60% from venture capital)
100+ highly qualified jobs created
Economic leverage: over 8x (1)
1) Ratio of funds raised by semi-finalists' of 2 editions divided by total initiative cost in same 2 years.
3
Copyright 2009-2013ISCTE-IULCopyright 2009-2010 Audax Center for Entrepreneurship ISCTE-IUL
5
Building Global innovators©
Our ultimate Goals:
Identifying and accelerating seed/early stage tech-based ventures with global value propositions
Facilitate scaling up of our semifinalists' via series A Venture financing & connecting global Innovators to global Investors
Encourage international collaboration & reinforce the innovation ecosystem
4
Copyright 2009-2013ISCTE-IUL
BGI Alumni Co's:
23
Copyright 2009-2013ISCTE-IUL
4rd edition (open): key dates
March 15th Submission period opens
May 14th Deadline for projects submission
July 2nd 20 Semi-finalists' announcement
July 23-26th e-teams Crash Course I
November 13th Track Finals event
November 14-15th e-teams Crash Course II
27th February 2014 Grand Finale event
Spring 2014 e-teams III (@MIT)
6
Copyright 2009-2013ISCTE-IUL
8
Strong & clear Value Propositions: some hints*1. Team: members and fit?2. How big is the problem you are trying to solve? 3. What is the underlying technology and uniqueness?4. What makes your product / or service innovative (€)?5. Market: Is there an opportunity for global impact?6. Strong business models and customer acquisition strategies/traction
* - Please see Rules & Regulations and FAQ's available on www.mitportugal-iei.org for detailed information.
What are we looking for in our candidates?
11
Copyright 2009-2013ISCTE-IUL
Building Global innovators©
Up to €1 millionin financial support per edition
Copyright 2009-2013ISCTE-IULCopyright 2009-2010 Audax Center for Entrepreneurship ISCTE-IUL
10
4
Building Global innovators©
Up to €1 millionin financial support per edition
Copyright 2009-2013ISCTE-IUL
Want more information?In Portugal:
Gonçalo Amorim Program Director, MPP-IEI
In the USA:
Luis Barros, [email protected] Director at MIT, MPP-IEI
26