“Cross Border Innovation – starting businesses across borders” · Cross Border Innovation...

“Cross Border Innovation – starting businesses across borders”

Ellen BommersheimManaging Director

starting businesses across borders

Managing DirectorCentre for Entrepreneurship

KOMPASS KOMPASS Zentrum für Existenzgründungen gGmbH

Cross Border Innovation

L lif l i I ti

____________________________________________

Global Challenges

Longlife learning Innovation Community-Marketing Connectivity Corporate Social Responsibility

Globalization Gender aspects HealthLocalization Green Tech & Green economyIndividualization BRIC Statesd dua a o aInnovation Management Creative SectorLife Styles LOHAS MARKETING-TRENDS Medical WellnessMobility Shared Markets Neo-Citys Neo-EcologyMobility Shared Markets Neo Citys Neo Ecology

Co working Open Innovation Retro-Trends Silver Revolution Social Enterprises Social Media Automation S u s t a i n a b i l i t y M e g a C i t i e sSocial Media Automation S u s t a i n a b i l i t y M e g a C i t i e s

Total Gaming Economy of NetworksMarkets of the Future


Fi i I ti

____________________________________________

Challenges for Start ups

Financing Innovation Marketing&SalesLocation Team Human Resources

Businessplan Target GroupsBusiness Canvas Modell InvestmentsProduction Office odu o OManage Family &Business BookkeepingInnovation Management Value chainControlling MARKETING-TRENDS PackagingControlling MARKETING-TRENDS PackagingVAT Buyers Market Raw Materials Company LawCo working Open Innovation LeadershipAfter sales LogisticsAfter sales LogisticsTechnology L e a d e r s h i p S u s t a i n a b i l i t yDepot IT-Systems


A biti M ti ti

____________________________________________

Personal Challenges

Ambition Motivation

Resilience

Stress tolerance Do it Factor

Manage yourselfg yIndependenceStrategic thinking take risks

Solid social life Communication

S i i t t dService orientated

Confidence

sales talent

Life-cycle Support – 4+1 Model____________________________________________

International start ups ____________________________________________

What are the challenges for an international start up?What are the challenges for an international start up?

What are the challenges in the target countries?

Identifying the right market – but how?

Define the success factors – but how?

Explore the market – but how? p

Know the barriers – but how?

Incorporate inter‐cultural aspects – but how?

Which contacts do I need multiplication factors Which contacts do I need: multiplication factors

Which partners do I need in the target country?

Business Idees for DevelopmentCross Border Innovation ____________________________________________

Talent pool


Entrepreneurs with ideas, important for the economy and politcs in the country of origin.

Why?

Innovative Ideas from highly qualified start ups to boost the public and private economy

l d hCreate employment and gowth

Know‐How Transfer within partners and peer groups

Promote bi lateral economic partnershipsPromote bi‐lateral economic partnerships

Sustainable Income

Migration –Development -

Start‐up phase in the host country Post founding phase in h f i i

Development _____ ______________________________________

p p ythe country of origin

Orientationf

Planning Startingh& Informing & active phase

support Main Steps followedoffers

•Consulting Services•Advocacy Function

•Effective Communication

pp

•Identification of•Business opportunities

•Business Plan writing

•Access to Finances

•General Information gathering•Stakeholder Analysis

•Market knowledge and analysis• Risk Management & Analysis

•Finance/budgeting

Accompanying companiesafter founding business

•Better Qualification•Access to the Information

Access to Finances

•Market Research

Finance/budgeting•Georgian Tax Law

• Legal Structure of the company

Individual MeetingsNetworking to organizations

Support for start‐up procedures Support for market study Feasibility check of business idea Contact agency: banks investorContact agency: banks, investor Introduce to Business partners, etc. Networking

Migration –Development Development ___________________________________________

Cross Border Innovation A milestone for sustainable start ups___________________________________________A milestone for sustainable start ups

www.geschaeftsideen-fuer-entwicklung.dewww.geschaeftsideen fuer entwicklung.de

Kompass____________________________________________

Supporting Businesses through EconomicDevelopment since the year 2000

23.000 Entrepreneurs and SME‘s

5.000 start ups accompaniedp p

80% still on the market after 5 years

Life-cycle Support – 4+1 Model___________________________________________Life cycle Support 4+1 ModelWith the 4+1 Model, Kompass accompanies potential start‐upswith informed practical advise, knowledgeable guidance and p , g gcontinuous support ‐ from inception of the concept, through

the business start‐up, till expansion

Services include:Services include:

• Comprehensive profiling of core competencies

• Coaching and training & toolsCoaching and training & tools

• Access to the infrastructure and network of stakeholders

• A cross‐sector platform & network providing linkages betweenp p g g

new start‐ups and potential entrepreneurs

• Special coordination for young start‐ups of international origin

• Affordable office facilities in the Start‐up Center.

The Rhein-Main Eco System –Kompass – The core part

___________________________________________Kompass – The core part

Transparency and linkage among all regional start‐up service providers

Public sector engagementPublic sector engagement

Cross Border Innovation A Milestone for sustainable start ups___________________________________________A Milestone for sustainable start ups

„If you want to go fast, Go alone –Go alone

If you want to go far,Go together“

Public Funding OpportunitiesPublic Funding OpportunitiesInternational Start Ups

Elke Read MA Management in EU FundsMA, Management in EU FundsCentre for Entrepreneurship

KOMPASS KOMPASS Zentrum für Existenzgründungen gGmbH

International Entrepreneurship

____________________________________________

Fostering entrepreneurship with (semi) public fundingcontributes to a more prosperous regional, national andsubsequently international economy. Acknowledged studiesshow that entrepreneurial initiatives are successful if differentshow that entrepreneurial initiatives are successful if different types of services are provided for start ups and entrepreneurs. Such services include assessment, training, ongoing consultation,facilities and networks.

Consultation for public funding____________________________________________

Our Clients

EntrepreneurspStart upsMarket entry Frankfurt and Rhein Main – (US start ups and SME‘s)Market entry migration communityMarket entry migration communityEstablished SME‘s

Support is available and provided to all kinds of entrepreneurs: highSupport is available and provided to all kinds of entrepreneurs: hightechnology and knowledge based start up entrepreneurs, low innovative start up entrepreneurs, unemployed, spin‐offs and migrants.


Our Clients

Innovation and Technology SectorgyICTEducation & Health SectorCreative SectorCreative Sector


Challenges

Knowledge about current funding Programs & Grantsg g g

Knowledge about the eligibility of entrepreneurs and start ups

Networks and Partners

Application InvestmentsApplication Investments

Pre‐ and Post (Implementation) Financial knowledge – including Co‐Fi i !Fianancing!


Challenges

The demand for cross border entrepreneurship has become morep pdiverse, induced by an increase in organizational and technologicalneeds, and equally reinforced by the processes of individualization andglobalizationglobalization.


Our Approach………what we do

In depth study of the business and the entrepreneur

1st referral: Business Plan Check /approve the Finance Plan

Test the resilience

Test international knowledge

Test cultural knowledge Test cultural knowledge

Advice on possible programms

Advice on input & outcomep

Help with search for partners, Application and Co‐financing

Explore other possibilities


Thank you! y

For questions or bi‐lateral exchange to public funding please visit ourwebsite: www Kompassfrankfurt dewebsite: www. Kompassfrankfurt.de

Or write to: [email protected]

“Cross Border Innovation – starting businesses across borders” · Cross Border Innovation...

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