1. Startups and spinoffs in Italy.Facts and trends Mind the Bridge Boot Camp 2010 Varese, September 23 Alberto Onetti, Chairman, Mind the Bridge Foundation Director, CrESIT, University of Insubria With the support of

3. associating mentors and role models

4. professionalizing the business planning skills

5. using and building the network

6. “give back” to build a bigger pieConnecting Talent

8. Selecting the best of breed (Annual MtB Business Plan Competition)

9. Providing training & education to the new generation of entrepreneurs (MtBBootcamp and Coaching)

10. Showcasing the most promising startups and opening an international debate (MtB Venture Camp @ Corrieredella Sera)

11. Hosting & Mentoring the most promising startups in the Silicon Valley (MtB Gym)

12. Pitching US investors / partners (MtB Gran Finale events)Connecting Talent

13. Building The Bridge: The Timeline November 5-6, 2010Corriere della SeraMilano with the support of: MtB Gym When? Q1 2011 MtB Venture Camp @Corrieredella Sera When?5-6 Nov 10 MtB Bootcamp MtBCoaching When?Sep-Oct 10 MtB Business Plan Competition/MtB Call for Ideas When?Jul 10 With the support of: MtBRoadshows When?Jan-Jun 10 In partnership with:

14. 2009 selectedStart-ups Revolutionary antenna system (Milano) Wi-Fi-derivedsolutions (Milano and Boston) Comprehensivenon-invasive solution for both vertebral fractures and bone strength assessment (Lecce) Solutionto update anydigital information (Sassari) Social-networkthatallowsusersto create musicthrough the web (Treviso) Social marketplacefortravel, whereexperts can provideuserswith information and personalizedoffers (Milano) Virtual and Augmented Reality technology (Pisa)

16. Hundreds of Business Plans received

17. 33 startups selected

18. During the Bootcamp we select the short list of 15 pitching @ Corrieredella Sera

20. SMEs are 98% of the total

21. We are mostly positioned on mature business and services

22. Services is 67% of GDP, while Manufacturing is only 24%

23. Innovative sectors play a minor role (2-5%)

24. We need a new wave of startups, operating on innovative fieldsITALY: INDUSTRY CONTRIBUTION TO GDP (2009) Source: CrESIT 2010

26. He/She is 35 86% is male, only 16% is female 67% has a scientific/technological background , while 33% has a business/humanistic education 42% holds a Ph.D. or MBA 33% got it abroad Only 5% does not hold a university degree 28% has prior entrepreneurial experience Italian Entrepreneurs: MTB Participants Profile Source: Mind the Bridge - CrESIT 2010

27. What does make a succesful StartupLessons learned Education matters a lot 2.0 Startups are founded by highly educated people Experience matters as well Being a serial entrepreneur is a job The right startup is never the first one you found Working/Studying abroad does open your mind It means more network, opportunities, ideas, experience A successful startup is a team effort One-man bands do not go too far

28. Areas of improvementLessons learned We need more female entrepreneurs Break cultural barriers We still need more academic spin-offs Lack of efficient technologytransfer offices Universities do not offer incentives forlecturers to spin-off business initiatives Italian scientists do not think business Scarcity of skilled executives withstrong entrepreneurial skills Source: Piccaluga 2007

29. THANK YOU FOR YOUR ATTENTION SOCIAL MEDIA: Facebook: Mind the Bridge - Connecting Talent Twitter: MindTheBridge BLOGS: mindthebridge.blogspot.com siliconvalley.corriere.it USEFUL LINKS: www.mindthebridge.org www.cresit.it