1. Creating clusters of innovation
Stanford University – Engineering School
European Entrepreneurship & Innovation
Wim De Waele, CEO iMinds
March 3, 2014

2. Flanders and iMinds

3. The European Challenge
But for real results,
Europe will have to wait
for an entrepreneurial
culture like Silicon
Valley’s.
The beginnings of such
a culture have taken
root in recent years.
Economist Feb 2011

4. Building clusters of innovation
How do we avoid
wasting taxpayers
money on
entrepreneurship
initiatives?

5. CONSISTENT INVESTMENT IN INNOVATION AND INCUBATION
50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
iMinds budget evolution (Euro)
3/3/14
5

6. PUT THE PIECES OF THE PUZZLE TOGETHER
Time-to-market
Strategic
research
Knowledgedriven
Explorative
Basics for
applied research
Applied
Research
Pre-competitive
testing
Incubation &
Entrepreneurship
Business-driven
Large-scale user
trials & living
labs
Training &
coaching
Financing
Evaluate
technical
feasability
Facilities
Interdisciplinary
Demand-driven
Cooperative
Proof of Concept
Simulations
Networking
Internationalization

7. iMinds created 18 new start-ups in 2013
APPLICATIONS
& FIRST ROUND
INTERVIEWS
77
38
18 NEW
COMPANIES
SECOND ROUND
INTERVIEWS
18
18 innovative start-ups were selected to join our incubation program
and represent the growing entrepreneurial spirit in Flanders.

8. iMinds generates follow-up financing
Private capital
Other public capital
Spin-off financing
(SOFI)
iStart
16210
x 35.2
775
for the ‘class’ of 2012
2400
550
(x 1,000 €)
Incubation financing
Follow-up financing

9. Priorities in venturing
$$$
Strong Local Early-Stage Funds
NETWORK
Attract international investors
EXPERTISE
Business Angel Network
COACHING
Entrepreneurs in Residence
INFRASTRUCTURE
Technology, People, Locations

10. Smart Money in early-stage
Angel Club Members
Angels + Other Investors
VOLTA CLUB
VOLTA FUND
1
:
N
Startups

11. Tech companies are born global
GO WEST
East and West Coast
GO EAST
Singapore
3/3/14
11

12. Thank You
Wim De Waele
wim.dewaele@iminds.be
Join us
@iminds
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