building global innovators - 4th edition

Copyright 2009-2013ISCTE-IULCopyright 2009-2010 Audax Center for Entrepreneurship ISCTE-IUL

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Building Global innovators©

A unique Global Innovation & Entrepreneurship initiative

Gonçalo AmorimProgram DirectorMIT Portugal – Innovation & Entrepreneurship InitiativeISCTE-IUL Business School

© ISCTE-IUL, 2012 – All rights reserved

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Copyright 2009-2013ISCTE-IUL

For whom? Teams with a dream:

• Would-be Entrepreneurs• Innovators (Start-up / Spin-out under 5y and <2,5M€)

• An innovation & entrepreneurship, tech-based Venture competition

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Building Global Innovators® Venture Competition

What is it?


In a nutshell:• International tech-based venture competition• Held once a year, 4th ed. launched March'14th

• 4 Market-application tracks:

1. Health-tech

2. Smart cities

3. IT, Web & Mobile

4. Consumer Products and Services

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Our results thus far:

80% of semi-finalist's have launched start-ups following e-teams I crash course

Semi-finalist's secured financing over €15M (60% from venture capital)

100+ highly qualified jobs created

Economic leverage: over 8x (1)

1) Ratio of funds raised by semi-finalists' of 2 editions divided by total initiative cost in same 2 years.

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Our ultimate Goals:

Identifying and accelerating seed/early stage tech-based ventures with global value propositions

Facilitate scaling up of our semifinalists' via series A Venture financing & connecting global Innovators to global Investors

Encourage international collaboration & reinforce the innovation ecosystem

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BGI Alumni Co's:

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4rd edition (open): key dates

March 15th Submission period opens

May 14th Deadline for projects submission

July 2nd 20 Semi-finalists' announcement

July 23-26th e-teams Crash Course I

November 13th Track Finals event

November 14-15th e-teams Crash Course II

27th February 2014 Grand Finale event

Spring 2014 e-teams III (@MIT)

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Strong & clear Value Propositions: some hints*1. Team: members and fit?2. How big is the problem you are trying to solve? 3. What is the underlying technology and uniqueness?4. What makes your product / or service innovative (€)?5. Market: Is there an opportunity for global impact?6. Strong business models and customer acquisition strategies/traction

* - Please see Rules & Regulations and FAQ's available on www.mitportugal-iei.org for detailed information.

What are we looking for in our candidates?

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Up to €1 millionin financial support per edition


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Up to €1 millionin financial support per edition


Want more information?In Portugal:

Gonçalo Amorim Program Director, MPP-IEI

[email protected]

In the USA:

Luis Barros, [email protected] Director at MIT, MPP-IEI

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building global innovators - 4th edition

Economy & Finance

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