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TECNALIA Ventures Connection of early stage smart investors with technological start-ups in entrepreneurship ecosystems TTO Circle, Donostia, 26.05.2016
Unique Tecnalia’s Ecosystem
Valley of Death
Public funding
Private investment
Problem & needs
Spin-offs Licences
Shape bright ideas into attractive investments
Disruptive Technologies
Entrepreneurs Investors
IMPACT : Acceleration incubation programme
Identify &
Attract
Mark & Select
Protect Accelerate &
Develop
Commercialise escalaTe
Entrepreneurship Ecosystem
Identify &
Attact
Match &
Select
Protect Accelerate &
Develop
Commercialise escalaTe
Market Contracts, Sessions with customers
Entrepreneurs Venturing (TV)
Tech. Projects European & other projects
Start-ups w/ entrepreneurs
Diversified businesses w/ SMEs & corporations
Tech. licensing w/ SMEs and corporations
Investors Entrepreneurs Management
Investors & Corporate Venture
MINDS MANAGEMENT MONEY
Meeting point
• MINDS technology applied to resolve problems that matter
• MANAGEMENT entrepreneurial teams willing to convert disruptive technologies into ready-to-invest business opportunities
• MONEY seeking to transform technology based investment opportunities in business value and growth
R&D Valorization Ecosystem (II)
Confidencial © 2012 TECNALIA
Tecnalia Spin-off Policy
1. Clear and differential value proposition defined in terms of product or service that resolves a large P&L problem to a clearly defined market segment with a global reach.
2. Smart Team
3. Smart Capital (Corporate Venturing; BAs; VC; Family Offices)
4. Smart Partners (Channel)
5. Incentives aligned:
• Technology and know-how are transferred to the spin-off
• Exec Team in the spin-off is employed directly by the spin-off with equity-stock-options-ratchet schemes but no right to return to Tecnalia
6. Clear exit roadmap for Tecnalia (and hence for the investor!)
www.tecnalia.com/tecnalia-ventures