Detecting & nurturing innovators in EU funded projects
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The document outlines a seminar led by Daniel Jarjoura, focusing on detecting and nurturing innovators within EU-funded projects. It emphasizes the importance of transitioning from a project-centric view to a participant-centric approach and discusses the distinctions between exploitation and exploration in innovation. Key points include the need for due diligence in evaluating ideas, continuous monitoring of progress, and understanding the specific needs of innovators.
Detecting & nurturing innovators in EU funded projects
- 1. Detec%ng & nurturing innovators in EU funded projects Daniel Jarjoura @Djarjoura
- 2. 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
- 3. DON’T WAIT THE END TO ASK QUESTIONS!
- 4. ABOUT ME 2013 -‐ Now STARTUPS / INVESTMENTS 2006 -‐ 2013 BUSINESS DEVELOPMENT PRODUCT MANAGEMENT 2000 -‐ 2006 COMPUTER SCIENCE ELECTRONICS
- 6. 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
- 7. WORDS MATTER
- 8. EXPLOITATION IS NOT THE SAME AS
- 9. EXPLORATION
- 10. EXPLOITATION INCLUDES: • CHOICE • PRODUCTION • EFFICIENCY • SELECTION • IMPLEMENTATION • EXECUTION
- 11. PROJECTS THAT FOCUS TOO MUCH ON EXPLOITATION MAY END UP IN STATUS QUO
- 12. EXPLORATION INCLUDES: • SEARCH • RISK TAKING • EXPERIMENTATION • FLEXIBILITY • DISCOVERY • VARIATION
- 13. EXPLORATION IS THE ROOT FOR INNOVATION
- 14. BUT EXPLORATION ≠ INNOVATION
- 19. WHY IT DIDN’T COME FROM EERA?
- 22. WHAT’S AN INNOVATIVE COMPANY?
- 23. IT’S A COMPANY THAT MAKES USE OF NEW TECHNOLOGIES TO SOLVE EXISTING CUSTOMERS’ NEEDS
- 25. NEW TECHNOLOGIES
- 26. THESE NEEDS CAN BE CONSCIOUS OR UNCONSCIOUS
- 30. 8B$
- 32. HOW DO YOU SPOT THEM BEFORE THEY HIT THE NEWS?
- 33. IT’S A HUMAN BEING WITH BY A VISION
- 35. HELPED BY A STRONG TEAM DRIVEN BY THE SAME GOAL
- 36. WHICH SHOWS CONSISTANT PROGRESS ON THEIR KPIs
- 37. VENTURE CAPITALISTS CALL IT TRACTION
- 39. 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
- 40. HOW TO THINK LIKE A (GOOD) VENTURE CAPITALIST
- 41. 1/ DON’T JUDGE THE IDEA
- 42. IT’S EASY TO GET EXCITED BY A NEW TECHNOLOGY
- 43. WHILE SOME OF THE BEST IDEAS SEEM CRAZY AT FIRST
- 44. 2/ DO YOUR DUE DILIGENCE AND LOOK FOR VALIDATION CLUES
- 47. LOOK FOR THE HOCKEY STICK
- 49. 3/ IT’S OK TO FAIL
- 50. IT TOOK 12 YEARS AND 5,126 ITERATIONS FOR JAMES DYSON TO LAUNCH HIS WORLD FAMOUS VACUUM CLEANER
- 51. “WITH AN ITALIAN LAST NAME, I DON’T CARE EATING PASTA EVERY DAY” FREDERIC MAZZELLA
- 52. 4/ NOT EVERYONE CAN SUCCEED BUT YOU CAN’T KNOW IN ADVANCE WHO WILL
- 55. 5/ MONITOR PROGRESS CONTINUOUSLY
- 56. “THE ONLY THING THAT MATTERS IS GETTING TO PRODUCT/MARKET FIT” MARC ANDREESEN
- 58. 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
- 59. IDENTIFY GO TO MARKET NEEDS
- 60. HOW TO THINK LIKE A STARTUP ACCELERATOR
- 61. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IPR & LEGAL ISSUES TECH EXPERTISE
- 62. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IPR & LEGAL ISSUES TECH EXPERTISE
- 63. 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
- 64. 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
- 65. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IPR & LEGAL ISSUES TECH EXPERTISE
- 66. WORK WITH INTERNATIONAL DEVELOPMENT CONSULTANCIES
- 67. IDENTIFY THE BEST EXPORT ORGANISATIONS
- 68. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IPR & LEGAL ISSUES TECH EXPERTISE
- 69. TECH TALENT IS IN HIGH DEMAND BUT UNEVENLY DISTRIBUTED IN EU
- 70. SENIOR EXECUTIVES ARE ALSO HARD TO FIND
- 71. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IPR & LEGAL ISSUES TECH EXPERTISE
- 72. STARTUP ROLE MODELS ARE GREAT TO INSPIRE!
- 73. BUT EFFECTIVE MENTORS ARE ALWAYS LOCAL ENTREPRENEURS
- 74. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IP & LEGAL ISSUES TECH EXPERTISE
- 76. ?
- 77. INNOVATORS’ NEEDS BUSINESS DEVELOPMENTINVESTMENT TALENT RECRUITMENT MENTORSHIP IP & LEGAL ISSUES TECH EXPERTISE
- 78. WORK WITH LOCAL ENGINEERING SCHOOLS
- 79. 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
- 80. IF YOU HAD TO REMEMBER JUST 3 THINGS
- 81. 1/ RESEARCH ≠ INNOVATION
- 82. 2/ YOU CAN SPOT INNOVATORS
- 83. 3/ IF YOU ANALYSE THE DATA, YOU CAN HELP THEM SUCCEED IN MANY WAYS
- 84. THANK YOU SO MUCH FOR YOU ATTENTION! LET’S STAY IN TOUCH ;) @Djarjoura daniel@startup42.org+ 33 623 048 707