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Detec%ng	
  &	
  nurturing	
  innovators	
  in	
  	
  	
  	
  	
  
EU	
  funded	
  projects
Daniel	
  Jarjoura	
  
@Djarjoura
AGENDA
WELCOME!
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  1)
09:30
10:00
11:00 COFFEE	
  BREAK
11:15
12:15
13:30
15:30
15:45
17:00
17:30
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  2)
LUNCH
DETECTING	
  INNOVATIONS	
  AND	
  INNOVATORS
COFFEE	
  BREAK
NURTURING	
  INNOVATION
WRAP	
  UP
END	
  OF	
  SEMINAR
DON’T	
  WAIT	
  THE	
  END	
  TO	
  ASK	
  
QUESTIONS!
ABOUT	
  ME
2013	
  -­‐	
  Now
STARTUPS	
  /	
  INVESTMENTS
2006	
  -­‐	
  2013
BUSINESS	
  DEVELOPMENT
PRODUCT	
  MANAGEMENT
2000	
  -­‐	
  2006
COMPUTER	
  SCIENCE
ELECTRONICS
WHAT	
  ABOUT	
  
YOU?
AGENDA
WELCOME!
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  1)
09:30
10:00
11:00 COFFEE	
  BREAK
11:15
12:15
13:30
15:30
15:45
17:00
17:30
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  2)
LUNCH
DETECTING	
  INNOVATIONS	
  AND	
  INNOVATORS
COFFEE	
  BREAK
NURTURING	
  INNOVATION
WRAP	
  UP
END	
  OF	
  SEMINAR
WORDS	
  MATTER
EXPLOITATION	
  IS	
  NOT	
  THE	
  SAME	
  AS
EXPLORATION
EXPLOITATION	
  INCLUDES:
• CHOICE
• PRODUCTION
• EFFICIENCY
• SELECTION
• IMPLEMENTATION
• EXECUTION
PROJECTS	
  THAT	
  FOCUS	
  TOO	
  MUCH	
  
ON	
  EXPLOITATION	
  MAY	
  END	
  UP	
  IN	
  
STATUS	
  QUO
EXPLORATION	
  INCLUDES:
• SEARCH
• RISK TAKING
• EXPERIMENTATION
• FLEXIBILITY
• DISCOVERY
• VARIATION
EXPLORATION	
  IS	
  THE	
  ROOT	
  
FOR	
  INNOVATION
BUT	
  
EXPLORATION	
  ≠	
  INNOVATION
KNOWLEDGE
RESEARCH
INNOVATION
RESEARCH	
  OR	
  INNOVATION?
WHY	
  IT	
  DIDN’T	
  COME	
  FROM	
  EERA?
WHAT’S	
  AN	
  INNOVATIVE	
  
COMPANY?
IT’S	
  A	
  COMPANY	
  THAT	
  MAKES	
  USE	
  OF	
  
NEW	
  TECHNOLOGIES	
  TO	
  SOLVE	
  	
  	
  	
  	
  
EXISTING	
  CUSTOMERS’	
  NEEDS
NEW	
  
TECHNOLOGIES
THESE	
  NEEDS	
  CAN	
  BE	
  CONSCIOUS	
  OR	
  
UNCONSCIOUS
8B$
HOW	
  DO	
  YOU	
  SPOT	
  THEM	
  BEFORE	
  
THEY	
  HIT	
  THE	
  NEWS?
IT’S	
  A	
  HUMAN	
  BEING	
  WITH	
  BY	
  A	
  VISION
HELPED	
  BY	
  A	
  STRONG	
  TEAM	
  DRIVEN	
  BY	
  
THE	
  SAME	
  GOAL
WHICH	
  SHOWS	
  CONSISTANT	
  PROGRESS	
  
ON	
  THEIR	
  KPIs
VENTURE	
  CAPITALISTS	
  CALL	
  IT	
  
TRACTION
AGENDA
WELCOME!
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  1)
09:30
10:00
11:00 COFFEE	
  BREAK
11:15
12:15
13:30
15:30
15:45
17:00
17:30
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  2)
LUNCH
DETECTING	
  INNOVATIONS	
  AND	
  INNOVATORS
COFFEE	
  BREAK
NURTURING	
  INNOVATION
WRAP	
  UP
END	
  OF	
  SEMINAR
HOW	
  TO	
  THINK	
  LIKE	
  A	
  (GOOD)	
  
VENTURE	
  CAPITALIST
1/	
  DON’T	
  JUDGE	
  THE	
  IDEA
IT’S	
  EASY	
  TO	
  GET	
  EXCITED	
  BY	
  A	
  NEW	
  
TECHNOLOGY
WHILE	
  SOME	
  OF	
  THE	
  BEST	
  IDEAS	
  SEEM	
  
CRAZY	
  AT	
  FIRST
2/	
  DO	
  YOUR	
  DUE	
  DILIGENCE	
  AND	
  LOOK	
  
FOR	
  VALIDATION	
  CLUES
PRODUCT-­‐MARKET	
  FIT
LOOK	
  FOR	
  THE	
  
HOCKEY	
  STICK
3/	
  IT’S	
  OK	
  TO	
  FAIL
IT	
  TOOK	
  12	
  YEARS	
  AND	
  5,126	
  
ITERATIONS	
  FOR	
  JAMES	
  DYSON	
  
TO	
  LAUNCH	
  HIS	
  WORLD	
  
FAMOUS	
  VACUUM	
  CLEANER
“WITH	
  AN	
  ITALIAN	
  LAST	
  
NAME,	
  I	
  DON’T	
  CARE	
  EATING	
  
PASTA	
  EVERY	
  DAY”	
  
FREDERIC	
  MAZZELLA
4/	
  NOT	
  EVERYONE	
  CAN	
  SUCCEED	
  BUT	
  YOU	
  
CAN’T	
  KNOW	
  IN	
  ADVANCE	
  WHO	
  WILL
ANTI-­‐PORTFOLIO	
  EXAMPLES
5/	
  MONITOR	
  PROGRESS	
  CONTINUOUSLY
“THE	
  ONLY	
  THING	
  THAT	
  
MATTERS	
  IS	
  GETTING	
  TO	
  
PRODUCT/MARKET	
  FIT”	
  
MARC	
  ANDREESEN
AGENDA
WELCOME!
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  1)
09:30
10:00
11:00 COFFEE	
  BREAK
11:15
12:15
13:30
15:30
15:45
17:00
17:30
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  2)
LUNCH
DETECTING	
  INNOVATIONS	
  AND	
  INNOVATORS
COFFEE	
  BREAK
NURTURING	
  INNOVATION
WRAP	
  UP
END	
  OF	
  SEMINAR
IDENTIFY	
  GO	
  TO	
  MARKET	
  NEEDS
HOW	
  TO	
  THINK	
  LIKE	
  A	
  STARTUP	
  
ACCELERATOR
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IPR & LEGAL
ISSUES
TECH
EXPERTISE
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IPR & LEGAL
ISSUES
TECH
EXPERTISE
Capital	
  Raised
Stage
Idea Prototype Metrics	
  (users,	
  
customers)
Growth Expansion
100K€
300K€
1M€
100M€
10M€
50K€
F&F
Startup	
  
Accelerators
Business	
  
Angels
Venture	
  
Capital	
  
(series	
  A)
Venture	
  
Capital	
  
(series	
  B)
Venture	
  Capital	
  
&	
  Private	
  Equity
Capital	
  Raised
Stage
Idea Prototype Metrics	
  (users,	
  
customers)
Growth Expansion
100K€
300K€
1M€
100M€
10M€
50K€
F&F
Startup	
  
Accelerators
Business	
  
Angels
Venture	
  
Capital	
  
(series	
  A)
Venture	
  
Capital	
  
(series	
  B)
Venture	
  Capital	
  
&	
  Private	
  Equity
MAINLY	
  
LOCAL
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IPR & LEGAL
ISSUES
TECH
EXPERTISE
WORK	
  WITH	
  INTERNATIONAL	
  
DEVELOPMENT	
  CONSULTANCIES
IDENTIFY	
  THE	
  BEST	
  EXPORT	
  
ORGANISATIONS
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IPR & LEGAL
ISSUES
TECH
EXPERTISE
TECH	
  TALENT	
  IS	
  IN	
  HIGH	
  DEMAND	
  BUT	
  
UNEVENLY	
  DISTRIBUTED	
  IN	
  EU
SENIOR	
  EXECUTIVES	
  ARE	
  ALSO	
  HARD	
  TO	
  
FIND
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IPR & LEGAL
ISSUES
TECH
EXPERTISE
STARTUP	
  ROLE	
  MODELS	
  ARE	
  GREAT	
  TO	
  
INSPIRE!
BUT	
  EFFECTIVE	
  MENTORS	
  ARE	
  ALWAYS	
  
LOCAL	
  ENTREPRENEURS
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IP & LEGAL
ISSUES
TECH
EXPERTISE
?
INNOVATORS’	
  NEEDS
BUSINESS
DEVELOPMENTINVESTMENT
TALENT
RECRUITMENT
MENTORSHIP
IP & LEGAL
ISSUES
TECH
EXPERTISE
WORK	
  WITH	
  LOCAL	
  ENGINEERING	
  
SCHOOLS
AGENDA
WELCOME!
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  1)
09:30
10:00
11:00 COFFEE	
  BREAK
11:15
12:15
13:30
15:30
15:45
17:00
17:30
SHIFTING	
  FROM	
  A	
  PROJECT	
  TO	
  A	
  PARTICIPANT	
  WORLD-­‐VIEW	
  (PART	
  2)
LUNCH
DETECTING	
  INNOVATIONS	
  AND	
  INNOVATORS
COFFEE	
  BREAK
NURTURING	
  INNOVATION
WRAP	
  UP
END	
  OF	
  SEMINAR
IF	
  YOU	
  HAD	
  TO	
  REMEMBER	
  JUST	
  
3	
  THINGS
1/	
  RESEARCH	
  ≠	
  INNOVATION
2/	
  YOU	
  CAN	
  SPOT	
  INNOVATORS
3/	
  IF	
  YOU	
  ANALYSE	
  THE	
  DATA,	
  YOU	
  CAN	
  
HELP	
  THEM	
  SUCCEED	
  IN	
  MANY	
  WAYS
THANK	
  YOU	
  SO	
  MUCH	
  FOR	
  YOU	
  ATTENTION!	
  	
  
LET’S	
  STAY	
  IN	
  TOUCH	
  ;)
@Djarjoura
daniel@startup42.org+	
  33	
  623	
  048	
  707

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