bridging the uae to silicon valley ictrf 2012, kustar- abu dhabi
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SFO. AUH/DXB. Bridging the UAE to Silicon Valley ICTRF 2012, KUSTAR- Abu Dhabi. THE GOAL. 100 Technology Startups worth $100 million creating 1000s of knowledge based jobs in the UAE. Plug and Play Tech Center / Confidential and Proprietary. 8/22/2014. Silicon Valley Advantage. - PowerPoint PPT PresentationTRANSCRIPT
Bridging the UAE to Silicon Valley Bridging the UAE to Silicon Valley
ICTRF 2012, KUSTAR- Abu DhabiICTRF 2012, KUSTAR- Abu Dhabi19 March 2012
SFOAUH/DXB
THE GOAL
04/22/23Plug and Play Tech Center / Confidential and Proprietary
100 Technology Startups worth$100 million creating 1000s of knowledge based jobs in the UAE
Silicon Valley Advantage
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Silicon Valley: The ultimate high-tech ecosystem
The high-tech hub of the world►Largest cluster of high-tech companies in the world►Highest concentration of venture capital in the world (40% of US)►400,000++ high-tech workers►World class academic and R&D resources
Plug and Play History
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Saeed AmidiCEO & FounderSaeed AmidiCEO & Founder
Plug and Play Quick Facts
► Accelerated over 1,000 startups since 2006► Community of over 300 startups► Outreach to over 3,000 startups in Silicon Valley
► Startups have raised over $1B in venture funding since 2006
► Relationships with 100 corporate partners► Relationships with over 180 VC partners
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Plug and Play Community in 2010
Plus 9 others…
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Plug and Play Community in 2011
$1 Billion in funding raised by Plug & Play Community since 2006
Over $500M in exits through M&A Over $350M in venture funding raised
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Plug and Play Ecosystem
Infrastructure Infrastructure & &
ServicesServices
Infrastructure Infrastructure & &
ServicesServices
Strategic Strategic ResourcesResourcesStrategic Strategic
ResourcesResourcesNetwork & Network & CommunityCommunityNetwork & Network & CommunityCommunity
Mentorship & Mentorship & CoachingCoaching
Mentorship & Mentorship & CoachingCoaching
“Silicon Valley in a Box”
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Funding Relationships
►Over 180 VC partners such as DFJ, Sequoia, Canaan Partners►Co-investments through Plug & Play Ventures
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Startup Investments
►Over 80 portfolio companies since 1996 ►Pre-seed to seed stage investments
04/22/23Plug and Play Tech Center / Confidential and Proprietary
Corporate Partnerships
04/22/23Plug and Play Tech Center / Confidential and Proprietary
University Relationships
Startup Acceleration Programs @ Plug & Play in Silicon Valley Strategic Partnerships and Platforms in select international locations
Bridge to Silicon Valley
Three Month Acceleration
International Partnerships
Plug and Play Tech Center / Confidential and Proprietary
Channels of Innovation
International Partnerships
Infrastructure & Events Attracting Local Innovators
University Partnerships
Funneling Deal Flow into the Plug and Play Ecosystemthrough Events, International, University and Corporate Partnerships
Corporate Partnerships
Plug and Play Singapore Case Study
15
Oct 2007
Dec 2009 Invested $500k
Sep 2010
Launched Plug & Play Singapore @ Block 71
Aug 2011
Teo Ming Khian Permanent Secretary
Dr. Francis YeohCEO of NRF
Partners
Dr. Tony TanPresident of Singapore
Universities Activities
• Fund, launch, incubate and accelerate local innovative startups.
• Spin-off US and other portfolio companies into Singapore
Plug And Play UAE Ecosystem Map
EntrepreneurEntrepreneurVCs & Angel Investo
rs
VCs & Angel Investo
rs
Incubation & AccelerationIncubation & Acceleration
Support Services:
Pipeline of Start-ups & Student
s
Pipeline of Start-ups & Student
s
Corporate Sponsors & Supporters
Corporate Sponsors & Supporters
Patronage?Patronage?
Plug and Play Affiliate Partnership (Incubation in the UAE)
04/22/23
Best Practices Exchange
Startup Incubation and Acceleration Best practices:
• Work with Ecosystem Partners to enhance cooperation
• Management consulting and training • Fine-tune general strategy
• Enhance the local incubator/ tech-center operations
Global Internship Program
04/22/23
Immersion of UAE students in Silicon Valley:► Work and cultural experience► Immersion in Silicon Valley startup environment
► Program managed by Plug and Play
PHASE 1: Silicon Valley Immersion
1-2 weeks
Introductory workshops and
sessions
PHASE 2: Silicon Valley Internship Program
3-6 months
Intern with a Silicon Valley high-tech
startup
Startup Acceleration Program
04/22/23
► 3-month stay for companies affiliated in PnP partnership program
► Physical space for startups to be supported>Plug and Play University Workshop>Mentorship/Coaching>Fundraising/ Business Development>Event exposure: EXPO series
The UAE on the Global Tech Map
04/22/23
► UAE Pavilion and Acceleration program for UAE/Arab companies at Plug & Play
► Promote bilateral exchange of innovative ideas and investment opportunities
► Increase access to US and global markets for UAE/Arab companies and increase success rates and investment potential
UAE Pavilion & Acceleration (in Silicon Valley)
Plug and Play Platform – Localizing Int’l startups
► Partner with corporate, government, university and other strategic allies► Form Plug and Play Platform (PPP Holding Co)► Identify relevant startups looking for expansion to sit on top of the platform
• But lack funding, local know-how and/or regional mgmt team
► Conduct Feasibility Study and Spin-off US and other portfolio companies into UAE and Arab Region
► Enhance startup culture in local population► Create knowledge-based jobs and generate value
04/22/23
Localized Spin-offsLocalized Spin-offs
Local UAE Joint Venture PartnerLocal UAE Joint Venture Partner
Plug and Play Middle East Ecosystem
04/22/23
Over time, our goal is to set up Plug and Play UAE as the region hub and headquarters of Plug and Play Middle East, with start-ups ‘graduating’ from regional PnP Tech Centers setting up their own global HQs in UAE:
PnP Middle East not only becomes a landing platform for international start-ups into the region but a launching platform for regional start-ups globally.
The ‘back end’ of companies stays in the origin country while the ‘front end’ moves to UAE to expand their business and gain easier access to international markets.
Plug and Play UAE - Overview
RoleAccelerate and develop UAE and Arab start-upsBuild the right ecosystem with Government, Corporate, Academic & VC partners Build local management team & advisory board to promote entrepreneurship culture Bridge UAE to Silicon Valley with Plug and Play resourcesGenerate value through innovation
5 year Goals in line with UAE Vision UAE as global tech hub based in the Middle East UAE transition to a knowledge-based economy Foreign Direct Investment and skills transfer into the UAE tech sector
UAE global standing enhanced thru UAE pavilion at PnP in the Valley
100 startups invested worth $100M creating thousands of new knowledge-based jobs in the UAE and the region
04/22/23
Thank You
Saeed Amidi Founder & CEO
Jupe TanVP International Operations
Mohannad El-KhairyMiddle East Relations Manager