ESSEC Venture

Julien Morel ESSEC Business School  

INTERNATIONAL CONFERENCE ON MANAGING INTELLECTUAL PROPERTY IN UNIVERSITIES Boğaziçi University in cooperation with the Turkish Patent InstituteIstanbul, April 14 to 15, 2011

ESSEC Venture

20/04/23 - ESSEC Venture

Analyze and data of a successful experience

The first student incubator in France in number of projects and creations (14

creations in 2007, 19 in 2008, 35 in 2009)

The only school with seed founds (1M€) for launching start-ups

(14 investments since 2006 – between 25 and 100K€ per project)

A complete training course in all programs very appreciate by students and

participants

An almost quasi-total durability of projects created since 2001 (95%)

An historical culture of the school for entrepreneurship which contribute to a very

stimulating environment

An exponential growth since the creation of ESSEC Ventures in 2004

“The entrepreneurship pole from ESSEC has become the reference in France for creating a company by students”

ESSEC Venture

20/04/23 - ESSEC Venture

Analyze and data of a successful experience

In 2009 the incubator generates 35 companies

0

5

10

15

20

25

30

35

40

45

50

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

7 6 57 7

1114

20

25

45

2 3 3 35

6

10

1418

35

INCUBATEUR ESSEC VENTURES - Companies Creation-

Projets hébergés Créations d'entreprise

ESSEC Venture

20/04/23 - ESSEC Venture

Analyze and data of a successful experience

On 7th of July 2009, the incubator represents 65 projects incubate with 45 students (75%

from MBA), 12 already launched and 8 externals

Between1st January and 7th of July 2009, 22 new projects are accepted 38 new students. The

rate of launching is about 80%.

The average duration of an incubation is one year but with big variance on each project

The more severe selection at the entry had a beneficial effect both form quality and quantity.

We are approaching at the end of 2009 the number of 50 students creating a company, almost

10% of MBA promotion.

End 2009, we had passed the number of 100 companies created

Some key data I

ESSEC Venture

20/04/23 - ESSEC Venture

Analyze and data of a successful experience

Some key data II

About 40% of the companies creations are exclusively on web, 10% mobility, 10

environment, 10% services for persons 30% other (health, retail, agencies, consulting,

industry, culture…)

There is a constant progression in the quality of the projects if we take into account the

revenues at the exit form the incubator

Each year, about 10 companies succeed to have venture capital with an average of

200/250K€

Ex 2009 max: planète réduction 600K€, Viavoo 400K€

Ex 2009 min: YWF 50K€, Spirulinea 200K€ etc.

The durability of the projects created since 2001 is of (95%). The start-ups are still SME

(not in the particular case of Deezer)

ESSEC Venture

20/04/23 - A Romanian Experience

Analyze and data of a successful experience“Quelques chiffres clés: Quantitatif”

Some key data III

Number of employees created since 2001: 600

The most important company Mediagong 2005 (5M CA et 50 employees)

The majority of the companies have 5/6 employees 2/3 year form launching

ESSEC Ventures founds: 14 participations 2006-2009

5 have a revenue >500K€

5 between100 and250K€

2 about 50K

2 in difficulty

ESSEC Venture

20/04/23 - A Romanian Experience

Analyze and data of a successful experience“Quelques chiffres clés: Quantitatif”

A vision of entrepreneurship academical and operational at the same time

Programs

Initial education Executive education Partnership with ESSEC

Operational and financial help

ESSEC Incubator(2000) Paris Biotech (2002) Social Incubator(2005) Seed founds(2006) Pépinière (2007)

Network

ESSEC alumniPartners(Banks, VC, others schools...) Events(Tremplin Entreprises, SIFE, Salon des entrepreneurs...)

Thank you !