How do you cash in on tolerance of risk?

How do you cash in on tolerance of risk? The Startup Perspective Antti Vilpponen

Antti Vilpponen ,[object Object],[object Object],[object Object],[object Object]

This talk has two parts: ,[object Object],[object Object]

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Per 100M€ in research Source: Sitra Report by Kankaala Finland UK US Invention Disclosures 40 28 87 Patents 7 15 11 Licensing income 250k € (2005) 1 600k € (2004) 7 000k € (2004) Spinouts 5 6 1

Whose job is it then? ,[object Object]

Universities? ,[object Object]

Large companies? ,[object Object]

Startups? ,[object Object],[object Object]

Finland vs Israel vs Massachusetts Source: VICTA Report by Ruohonen (2007) Finland Israel Massachusetts Population (M) 5,2 6,9 6,3 Share of Academic degrees 25 25 NA Number of new companies annually 23 000 20 000 27 000 R&D investments % of GDP 3,5 4,1 4,9 Patents filed per million per capita 166 186 300

Finland vs Israel vs Massachusetts Source: VICTA Report by Ruohonen (2007) Finland Israel Massachusetts Avg. initial investment 0,3 2,8 6,2 Total annual volume of VC investments M$ 220 1 650 2 400 Number of companies in Deloitte Fast Growth 500 4 44 36 Annual IPOs 1 35 (H1/2007) 9 Active early stage VC funds 10 60 50 Global R&D centers of major coporations 5-6 30-40 10-20

Our challenge summarised ,[object Object]

Government’s role ,[object Object]

Example 1 ,[object Object],[object Object]

Example 2 ,[object Object],[object Object]

Do avoid this: ,[object Object],[object Object]

[object Object],Source: The Economist; Heroic Entrepreneurs (March 12 th , 2009)

Some examples from Finland ,[object Object],[object Object],[object Object],[object Object]

Vigo Accelerator ,[object Object],[object Object],[object Object],[object Object]

AES ,[object Object],[object Object],[object Object]

Open Coffee, etc. ,[object Object]

ArcticStartup ,[object Object],[object Object],[object Object]

Nokia – Innovation Mill ,[object Object],[object Object],[object Object]

Thank you. ,[object Object],[object Object],[object Object],[object Object]

How do you cash in on tolerance of risk?

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How do you cash in on tolerance of risk?