democratizing incubation - harvard university · 40 . 60 . 10 . 30 . 50 . a global movement: the...
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Creating a virtual start-up ecosystem
Democratizing incubation
… Stefanie Bauer, Associate Vice President Intellecap Business
Consulting
I welcome you to the
community who have decided that
… ”
“ suffice.
people of
easy will no longer
M. Rippetoe
The StartUp Economy:
An answer to ‘INCLUSIVE GROWTH’?
…
… 20
40
60
10
30
50
A Global Movement: The Boom of the StartUp Economy
StartUps with valuation of 1 Bn US$ or more
1999 2005 2010 2014 Source: Wallstreet Journal
2015
80 122
…
A Global Movement: Decentralization of StartUp Activities
Source: Compass Global StartUp Ecosystem Report 2015
1
5
13
9
17
2
6
14
10
18
3
7
15
11
19
5
8
16
12
20
Silicon Valley NY City Los Angeles Boston
Tel Aviv Chicago Seattle
Berlin Singapore Paris Sao Paolo
Moscow Austin Bangalore Syndey
London
Toronto Vancouver Amsterdam Montreal
…
Africa: The next startup frontier?
Source: The Next Africa 2015, Aubrey Hruby and Jake Bright
Kenya Silicon Savannah
100+ Tech incubators
in Africa
2012 2013 2014 2018
200
400
600
100
300
500
VC Funding in African Tech StartUps
Expected $ 608 mn in 2018
700
Why does it matter?
…
…
Economic MPOWERMENT
… PARTICIPATI
ON
Social
… INNOVATION
Social
… India – witnessing a startup revolution
India is the fastest growing start-up economy today
1st tech startups, 800+ starting annually
Largest ecosystem globally 3rd 3100
(Source: NASSCOM 2015; Thomson Reuters)
Under 36 years 76%
VC/ PE & and angel investment deals of over $ 4.9 bn between August 2014-2015 327
… INFORMATION
& Technology
Change
…
Passion to
…
INCUBATIO
N
Business support &
CAPITAL $4.9 bn
VC/angel deals between 2014-15
$1.6 bn in
impact investing
StartUp Economy
…
Of India’s enterprises are in tier 2 and 3 towns and
cities with very little or no access to support and
incubation
Of dry powder is sitting with angel and seed
investors in India
50% Many entrepreneurs are excluded from the current start-up ecosystem
$1 Bn
But…
Large amount of capital is available to “investment-ready” enterprises
Most entrepreneurship ecosystems are concentrated in
large cities making it difficult for entrepreneurs in other
parts to access support
…
Intellect Capital Networks
Entrepreneurs
Intellect
…
strategic advice and big ideas we nurture and scale innovations that
drive the entrepreneurial economy
Strategy Partnerships
Innovation
Capital
…
From $ 100 to $1 mn
US$ 200 under management
Networks
… Connected over 600 enterprises to investors
and funders, and built an engaged community of over 23,000
Reach Scale
Resources StartUp Ecosystem 2.0 is
needed
Key Challenges
…
VIRTUAL ECOSYEM
Bringing the physical world online
Every great idea needs a first step…
25
Business Idea
Raising Funding to Scale
Access to StartupWave incubation support or to
physical incubators
Access to ideation resources to develop business model
Access to online resources, connections to mentors and
feedback from peers
Access to co-working and maker spaces, corporate labs
and business service providers
Virtual/ Physical showcases to investors
Online and in-person support; from sector-specific experts
1
2
3
4
5
6
1 2 3
4 5 6
Pre-incubation Support
Incubation Support
15% women led enterprises
35 Incubator partners
400+ entrepreneurs
5 incubators in low income states
20% entrepreneurs from tier 2 and tier 3 cities
24 mentors
35% development sector focused enterprises
34 business support providers
IMPACTS
500+ new users every month
1000+ people reached via social media
70 seed and angel investors
25 Evaluation Committee Members
…
Our Vision: Go Africa, Go Global!
… JOIN US!