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Copyright 2009-2013
ISCTE-IUL
Copyright 2009-2010
Audax Center for
Entrepreneurship
ISCTE-IUL
1
Building Global innovators©
A unique Global Innovation & Entrepreneurship initiative
Gonçalo Amorim Program Director
MIT Portugal – Innovation & Entrepreneurship Initiative
ISCTE-IUL Business School
© ISCTE-IUL, 2012 – All rights reserved
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Copyright 2009-2013
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Building Global Innovators® Venture Competition What is it?
For whom? Teams with a dream:
• Would-be Entrepreneurs
• Innovators (Start-up / Spin-out under 5y and <2,5M€)
• An innovation & entrepreneurship, tech-based Venture
competition
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Copyright 2009-2013
ISCTE-IUL
Copyright 2009-2010
Audax Center for
Entrepreneurship
ISCTE-IUL
In a nutshell:
• International tech-based venture competition
• Held once a year, 4th ed. launched March'14th
• 4 Market-application tracks:
1. Health-tech
2. Smart cities
3. IT, Web & Mobile
4. Consumer Products and Services
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Copyright 2009-2013
ISCTE-IUL
Building Global innovators©
Up to €1 million in financial support per edition
Copyright 2009-2013
ISCTE-IUL
Copyright 2009-2010
Audax Center for
Entrepreneurship
ISCTE-IUL
5
Building Global innovators©
Here's our Commitment to 20 teams / edition:
- Awards of €1 Million from Caixa Empreender+
for the 4 most promising start-ups
- Participation in e-teams training, mentoring &
business development in Lisbon (ISCTE-IUL)
and Boston (MIT)
- Participation in invitation-only investment
sessions
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Copyright 2009-2013
ISCTE-IUL
Copyright 2009-2010
Audax Center for
Entrepreneurship
ISCTE-IUL
6
Building Global innovators©
Our ultimate Goals:
Identifying and accelerating seed/early stage
tech-based ventures with global value
propositions
Facilitate scaling up of our semifinalists' via
series A Venture financing & connecting global
Innovators to global Investors
Encourage international ecosystems &
reinforce open & collaborative innovation
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Copyright 2009-2013
ISCTE-IUL
Copyright 2009-2010
Audax Center for
Entrepreneurship
ISCTE-IUL
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Building Global innovators©
Our results thus far (24 months):
80% of semi-finalist's have launched start-ups
following e-teams I crash course
Semi-finalist's secured financing over €15M
(60% from venture capital)
130+ highly qualified jobs created
Economic leverage: over 30x (1)
1) Ratio of funds raised by semi-finalists' of 3 editions
divided by total initiative cost in same 3 years. 3
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Strong & clear Value Propositions: some hints*
1. Team: members and fit?
2. How big is the problem you are trying to solve?
3. What is the underlying technology and uniqueness?
4. What makes your product / or service innovative (€)?
5. Market: Is there an opportunity for global impact?
6. Strong business models and customer acquisition strategies/traction
* - Please see Rules & Regulations and FAQ's available on www.mitportugal-iei.org for detailed information.
What are we looking for in our candidates?
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1. CV team / Resume
1. Project Brief Description
1. 2-Page Executive Summary
1. Pitch Presentation: Power Point OR 3-minute video
1. 60 second Elevator pitch
* - Please see Rules & Regulations and FAQ's available on www.mitportugal-iei.org for detailed information.
Submissions online – www.mitportugal-iei.org
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BGI Alumni Co's:
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4rd edition (open): key dates
March 14th Submission period opens
May 31st Deadline for projects submission
July 2nd 20 Semi-finalists' announcement
July 23-26th e-teams Crash Course I
November 21st Track Finals event
November 22-23th e-teams Crash Course II
27th February 2014 Grand Finale event
Spring 2014 e-teams III (@MIT)
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Need more information?
In Portugal:
Gonçalo Amorim
Program Director, MPP-IEI
In the USA:
Luis Barros, [email protected]
Program Director at MIT, MPP-IEI
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