Wim De Waele - iMinds - Flanders Belgium - Stanford Engineering - Mar 3 2014

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

Flanders and iMinds

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

The European Challenge

Building clusters of innovation

How do we avoid wasting taxpayers

money on entrepreneurship

initiatives?

CONSISTENT INVESTMENT IN INNOVATION AND INCUBATION

3/3/14 5

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

40,000,000

45,000,000

50,000,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

iMinds budget evolution (Euro)

PUT THE PIECES OF THE PUZZLE TOGETHER

Time-to-market

Strategic research

Incubation & Entrepreneurship

Applied Research

Pre-competitive testing

Knowledge-driven Explorative Basics for applied research

Training & coaching

Financing

Facilities

Networking

Internationali-zation

Business-driven InterdisciplinaryDemand-driven Cooperative Proof of Concept

Large-scale user trials & living labs Evaluate technical feasability Simulations

18 innovative start-ups were selected to join our incubation program and represent the growing entrepreneurial spirit in Flanders.

iMinds created 18 new start-ups in 2013

77

38

18

APPLICATIONS & FIRST ROUND INTERVIEWS SECOND ROUND

INTERVIEWS

18 NEW COMPANIES

iMinds generates follow-up financing

x 35.2 for the ‘class’ of 2012

Incubation financing Follow-up financing

16210

775

2400

550

Private capital

Other public capital Spin-off financing

(SOFI) iStart

(x 1,000 €)

Priorities in venturing

$$$ Strong Local Early-Stage Funds

NETWORK Attract international investors

EXPERTISE Business Angel Network

COACHING Entrepreneurs in Residence

INFRASTRUCTURE Technology, People, Locations

Smart Money in early-stage

VOLTA CLUB VOLTA FUND

Angel Club Members Angels + Other Investors

Startups

1 N :

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Tech companies are born global

GO WEST East and West Coast

GO EAST Singapore

Thank You Wim De Waele

wim.dewaele@iminds.be

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