Zurich, 12.8.2019 ¦ Dr. Tomas Brenner, Head of the Innovation & Entrepreneurship … ·...

||Innovation & Entrepreneurship Lab ETH Tomas Brenner 112 Aug 2019

500 Professors 21 Nobel Laureates

#10 (QS/THE Ranking, 2017)

20’ 000 Students(4000 PhD Students)

Founded in 1855

ETH Zurich Culture of Innovation & EntrepreneurshipZurich, 12.8.2019 ¦ Dr. Tomas Brenner, Head of the Innovation & Entrepreneurship Lab


ETH Zurich – Ready? (YouTube)

https://www.youtube.com/watch?v=IvbhVPLS2fM 2:08

https://www.youtube.com/watch?v=IvbhVPLS2fM


Tomas Brenner

Missions of the ETHSwiss ETH Law 1991

a) educationb) research

500+ ETH Professors16 Departments

f) Exploit research findings

ETH transfer


How to Achieve the Biggest Impact for Society?

Large companies

Start-ups


ETH Technology Inside!

ETH transfer 2018 413 research contracts

224 invention-/ and software disclosures

109 patents

87 license agreements

http://www.ivt.baug.ethz.ch/oev/OpenTrack/Images/EnginePicture.gif


Start-ups Create New Jobs (USA Data)

Data: Kauffman Foundation, USA

Jobs

cre

ated

Start-ups

IncumbentCompanies

Any big company started small !


Living a Culture of Innovation & Entrepreneurship at ETH Zurich


Entrepreneurship - an Integral Part of the ETH Culture

Focus ProjectsStudent Projects

PioneerFellows

Spin-OffsEntrepreneurs

CompanyExecutives

University

Departments ieLab Wyss ZürichTechnopark

CorporateWorld

Industry

3rd

Mis

sion

1st

+ 2n

d

Mis

sion


Focus Project, Pioneer Fellowship to Start-up - SCEWO (YouTube)

https://www.youtube.com/watch?v=IvbhVPLS2fM (1:58)

https://www.youtube.com/watch?v=IvbhVPLS2fM


Entrepreneurship Ecosystem of ETH Zürich

© ETH transfer

Focus Projects

Pioneer Fellowship

Chair of Entrepreneurship

StudentProject

House

entrepreneurialInnovation & Entrepreneurship Lab

http://www.venturekick.ch/index.cfm?CFID=45251399&CFTOKEN=15356684&page=119282


Public / Private – Gap !Public Funds Investors

Founders «Valley of Death»

Alpha Series

Growth / Revenue

Entrepreneur Club

Focus Projects

16 ETH Departments

ETH spin-offs

Student Projects

Student Project House

Research Grants(NSF, EU Grants)

Development Grants (CTI …)

Business Angels, Seed VCs

Early Stage VCs, Corp. Partners

Late Stage VCsPrivate EquityM&A / IPO ..

Pre-Seed Grants Friends, Family & Fools

ProductDevelopment

Wyss ZurichESA BIC Switzerland

Basic Research Applied Research Proof of Concept Business Case

Prototype

Technopark Zurich

Valley of Death

Pioneer FellowshipsInnovation & Entrepreneurship Lab

StartupFoundation


Ask successful entrepreneurs

‘’What would have made a major difference in the early phase of your young start-up?’’


Seed Capital Initial funding to bridge the “valley of death” from scientific findings to a early stage start-up

Peer Home A second home (’’a biotope’’) for like-minded young ETH scientists with entrepreneurial aspirations: Peer support and peer pressure

Coaching Supervision and support by experienced, successful entrepreneurs with a similar background: Compelling role models

Networks Access to all ETH entities, 400 ETH spin-offs, Biz Angels, VCs and CH Start-up ecosystem, coaches, experts, service providers

… their answers


18 month duration, 150 KCHF seed fundingfinanced by donations (via ETH foundation)

Pioneer Fellowship Program (since 2010)Financed by Donations from Industry Partners and Private Persons

Benefits for Program Partners Interaction with next generation entrepreneurs Early insight into disruptive innovative ETH technologies Participation in public & private events Visibility of partnership with ETH Zurich

Promote ETH talents who want to pursue an entrepreneurial careerMove research results to the market

Access to all services of theInnovation & Entrepreneurship Lab (ieLab)


granted 84

active 14

Pioneer Fellowship Program 2010 – 2018

founded 50

@ ieLab 12

conversion rate 2 / 3


50 Spin-offs by Pioneer Fellows 2010 – 2018

2011 2012 2013 2014 2015 2016 2017 2018


Peer Home An entrepreneurship peer home (’’melting pot’’) for peer support and peer pressure48 working desks ¦ 42 lab benches (2 locations)

Coaching Individual coaching by experienced serial entrepreneurs, successful ETH founders and industry experts

Training Complementary entrepreneurship training incl. Seminars, Workshops, Round Tables, Immersion Experience

Events Spin-off / Thanksgiving dinner, Meet the Coaches, 3 Pi Competition

Networks Access to all ETH entities, 400 ETH spin-offs , Biz Angels, VCs and CH Start-up ecosystem

Social Media ETH founders community Beekeeper

The ETH Innovation & Entrepreneurship Lab (ieLab, est. 2012)«We are ETH’s Deep Science Accelerator»


ETH Innovation & Entrepreneurship Lab – Video (YouTube)

https://www.youtube.com/watch?v=Xj0c2opa8b4 (2:08)

https://www.youtube.com/watch?v=Xj0c2opa8b4


The Pioneer Fellowship LifecycleStage Gate Process

PD Pitch Day KO Kick-Off MeetingMS MilestonesGR Gate ReviewFR Final ReviewCC Certificate Ceremony

2 Dual Pioneer Fellows

Go / NoGo

Spin-off

GR12 / FR2GR6

KO FR

. . . . .

1 2 4 6 9 10 11 125 873 13 14 15 16 17 18- 2 . . .

PD

Stop

CC

Entrepreneurial graduates

MS


ieLab Team - Experts in the Art & Science of Business Creation

+ coaches, experts and service providers

Dr. Tomas BrennerieLab Head Venture CapitalStart-upsIndustry Expert

Dr. Dragan GrabulovskiieLab Mentorformer CSO Covagen

Laura TedescoCAS program managerLUISS Roma

Michael StuckyieLab Mentorformer CFO GlycoVaxyn

Sybille ZimmermannMarCom ManagerCreditGate24, UBS AG, UBP SA

Samuel ScheerieLab MentorHigh-techentrepreneurNoTube

A. MzumaraBioSafety Lab ManagerCambridge University


ieLab’s 2 Locations: Downtown & HönggerbergETH ZurichInnovation & Entrepreneurship Lab4th floor ¦ STE J - FloorStampfenbachstrasse 52/56CH - 8092 Zürich

ETH ZurichInnovation & Entrepreneurship LabHPL D 16.2Otto-Stern-Weg 7CH-8093 Zürich

Ideation Space

Life Sciences

BioSafety Lab

ICT, Engineering, Robotics


Pioneer Projects …Collaborations with HSLU: Design Thinking (UX) w / Dr. C Acklin, HSLU


ETH Spin-offs Conditions & BenefitsConditions for ETH Spin-offs

ETH technology, know-how patent or software

At least one founder is ETH student / employee / alumnus

Business idea and plan are sound and sustainable

Team is entrepreneurial

Company founded less than 2 years ago

Benefits for ETH Spin-offs

Rent offices and lab spaces and use infrastructure at preferred conditions at ETH and Technopark for 2+1 years

Get (limited) consulting and coaching

Easier to get risk capital


438 ETH Spin-offs including 50 spin-offs from Pioneer Fellowship

24

5 years survival rate is 92%

1/3 Lifescience1/3 ICT 1/3 Engineering

Detailed statistics are published in the yearly press release (January 4, 2019)https://www.ethz.ch/en/news-and-events/eth-news/news/2019/01/eth-spin-off-machine-running-at-full-speed.html

33

810

8

1617

910 10

12

9

16

2123

24

2022 22

2422

25 25 2527

15 5

8 810

8

5

0

5

10

15

20

25

30

35

1973

- 19

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

0520

0620

0720

0820

0920

1020

1120

1220

1320

1420

1520

1620

1720

18

50 ETH spin-offs byPioneer Fellows

https://www.ethz.ch/en/news-and-events/eth-news/news/2019/01/eth-spin-off-machine-running-at-full-speed.html


Acquisitions and IPOs of ETH Spin-offs 2002 - 2018> CHF 3‘000‘000‘000


Dr. Tomas BrennerETH Innovation & Entrepreneurship Lab

T: +41 44 633 83 95 ¦ M: +41 76 342 46 56 ¦ E: [email protected] ¦ www.spinoff.ethz.ch ¦ www.ethz.ch/ielab

Thank you for your attention

https://www.linkedin.com/company/27104378/

https://www.facebook.com/ETHieLab/

Zurich, 12.8.2019 ¦ Dr. Tomas Brenner, Head of the Innovation & Entrepreneurship … ·...

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