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GlobalStart project: concepts, approach, methodology

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Overview of the presentation

• Concept of global startup company Approach to the project / Methodology

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Definition

Global Startup firms are those that from inception seek to recognise and exploit opportunities by combining resources from and selling outputs in multiple regions around the world.

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Global Start-ups Vs “classical” start-ups

There is empirical evidence showing that some resources and capabilities of Global Start-ups differ from those of classical start-ups

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Global start-up

A Global Start-up is a firm with an early pattern of internationalisation, that is, from its first activities onwards (opportunity recognition), is pursuing international resources (suppliers, R+D co-operation, strategic alliances, financing, etc), and markets (customers, marketing, etc), to attain a competitive edge.

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Startups

High-tech startups

Spin-off companies

University spin-offs

Global startups

Global startups & University spin-offs

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Objective of GlobalStart

To provide good support to (university spin-off) companies with a global potential

How do we approach this

•Taking stock of what we already do (best practice, benchmarking)•Identifying the needs of global startup companies (need analysis)

Developing a plan for global start-up supportDeveloping an implementation planDeveloping support tools

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Venture level

University level

Regional level

How can a region support a university and/or companies to reach their global potential: (1) how do our regions do this, (2) based on this what can we learn from each other, (3) how does an ideal regional support structure look like

How do our universities support spin-off companies and particularly global startup companies, how can we improve this, what do we need and what could be an ideal structure, what instruments are available to support them better, and what need to be developed

What are the needs of the global startup companies. How do they fulfill their needs presently

How to provide better support to (potential) global startups: the design, validation and implementation of a scheme for the stimulation and creation of global university start-ups

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Venture levelWhat is a global startup (Q1). What are the needs of the global startup companies (Q3). How do they fulfill their needs presently (Q3)?

How is this addressed:Q1: Literature study. Q2 and Q3: via case studies – structured interviews in the countries of the participants; presently there are 22 case studies.

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University levelHow do our universities support spin-off companies and particularly global startup companies (Q1), how can we improve this (Q2), what do we need (Q3) and what could be an ideal structure (Q4)

Global start-up support structuresTTO Benchmarking

Regional infrastructure

Global start-up needs(demand side)

Literature review,Case studies

  

Plan forBest practice for global start-up

support

Implementation plan

Gap analysis: existing support structure versus

blueprint

 

               

Q1: how do our universities support spin-off companies and particularly global startup companies

Q2: how can we improve this

Q4: what could be an ideal structure

Q3: what do we need

Inventory of best support initiatives (in/)outside Europe  

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Regional levelHow can a region support a university and/or companies to reach their global potential: (1) how do our regions do this, (2) based on this what can we learn from each other, (3) how does an ideal regional support structure look like

The Regional Infrastructure support for the companies

Description of support needed

Organisation/Programme

Timing

Evaluation of support

Importance of support

Research and Development

       

Production/Operations

       

Sales/market development

       

Organisation and governance

       

Other        

Q1: How do our regions do this, with Wales as an example

Policy Funds

Business Support Organisations

Programmes/Initiatives

Business Support Mechanisms

Global Start-ups

GOVERNMENT

Q2: What can we learn from each other

Q3: How does an ideal regional support structure look like?

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Venture level

University level

Regional level

Tools/Toolkit

•Benchmarking instrument•Development plan•Quality management handbook•Marketing and promotion plan•Balanced scorecard for universities•Monitor for entrepreneurship / global startups

Tools for spin-off consultants Tools for (potential) global startups•Identification tool•Global business platform•COAP•Guidelines for technical assessment

•Regional mapping instrument/checklist

•Business plan model

GLOBALSTART will provide these tools and mechanisms, assisting entrepreneurs and spin-off managers in the successful creation of global start-ups