eth innovation & entrepreneurship lab · 2017-12-04 · ... research 500+ eth ... services,...

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||Innovation & Entrepreneurship Lab ETH Tomas Brenner 118. Oct. 2017

Friday, 24 November, 2017

ETH Innovation & Entrepreneurship Lab

Dr. Tomas Brenner

Innovation & Entrepreneurship Lab, ETH

ieLab


Tomas Brenner

Missions of the ETH

Swiss ETH Law 1991

a) education

b) research

500+ ETH

Professors

16 Departments

f) Exploit research

findings

ETH transfer

ieLab


How to Achieve the Biggest Impact for Society?

Large companies

Start-ups

ieLab


Start-ups Create New Jobs (USA Data)

Data: Kauffman Foundation, USA

Job

s cr

eat

ed

Start-ups

IncumbentCompanies

Big companies start small !

ieLab


Entrepreneurship - an Integral Part of the ETH Culture

Focus Projects

Student Projects

Pioneer

Fellows

Spin-Offs

Entrepreneurs

Company

Executives

University

Departments ieLabWyss Zürich

Technopark

Corporate

World

Industry

3rd

Mis

sio

n

1s

t+

2n

d

Mis

sio

n

Scewo on Patreon - the stairclimbing wheelchair.mp4

ieLab


ETH Entrepreneurship Ecosystem (v8)

Focus Projects

Pioneer FellowshipEntrepreneurial

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

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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 the complete ETH network, including its Professors, services, industry relations, ETH spin-offs. Access to the start-up scene in CH and international investors, founders, organizations

What ETH Entrepreneurs Would Have Wanted …

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Founders «Valley of Death»

Alpha Series

Growth / Revenue

Entrepreneur Club

Focus Projects

16 ETH Departments

ETH spin-offs

Student Projects

Student Project House

StartupFoundation

Research Grants

(NSF, EU Grants)

Development Grants (CTI …)

Business Angels, Seed VCs

Early Stage VCs, Corp. Partners

Late Stage VCs

Private Equity

M&A / IPO ..

Pre-Seed Grants Friends, Family & Fools

Product

Development

Pioneer Fellowships

Wyss Center

Innovation & Entrepreneurship Lab

ESA BIC Switzerland

Basic Research Applied Research Proof of Concept Business Case

Prototype

Technopark Zurich

Valley of Death

© Tomas Brenner

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18 month duration, 150 KCHF seed funding

financed by donations (via ETH foundation)

Pioneer Fellowship Program - Moving Ideas to the Market

Benefits for program partners

Interaction with tomorrow’s entrepreneurs

Early insight into disruptive technologies

Participation in public & private events

Visibility of partnership with ETH Zurich

Promote ETH talents who want to pursue an

entrepreneurial career

Move research results to the market

Access to all services of the Innovation &

Entrepreneurship Lab (ieLab)

ieLab


granted 81

@ ieLab 18

Pioneer Fellowship Program

(2010 – 2017)

founded 40

@ ieLab 6

spin off rate 66%

ieLab


Peer Home An entrepreneurship peer home (’’melting pot’’) for peer support and peer

pressure

48 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, 355 ETH spin-offs , Biz Angels, VCs and CH Start-

up ecosystem

Social Media ETH founders community Beekeeper

Innovation & Entrepreneurship Lab (ieLab)

ieLab


The Pioneer Fellowship Lifecycle

Stage Gate Process

? PD Pitch Day KO Kick-Off MeetingGR Gate ReviewFR Final ReviewCC Certificate Ceremony

2 Dual Pioneer Fellows

CD Go / NoGo

Spin-off

GR12 / FR2GR6

?

KO FR

C CD

?

C C

? ?

. . . . .

CD

?

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

CD

?

PD

Stop

CC

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D

Entrepreneurial graduates

ieLab


ieLab Team

Prof. Dr. P. Seitz

ieLab Sherpa

Serial Entrepreneur

Industry Expert

+ 60 entrepreneurs, industry experts

and service providers

Dr. T. Brenner

ieLab Head

Venture Capital

Start-ups

Industry Expert

Dr. D. Grabulovski

ieLab Mentor

former CSO

Covagen

A. Mzumara

BioSafety Lab Manager

Cambridge University

M. Stucky

ieLab Mentor

former CFO

GlycoVaxyn

S. Zimmermann

MarCom Manager

CreditGate24,

UBS AG, UBP SA

S. Scheer

ieLab Mentor

High-tech entrepreneur,

NoTube

ieLab


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

ieLab


ETH Spin-offs: Conditions and Benefits

Requirements for ETH Spinoffs

ETH technology, know-how or

software

Know-how or unlicensed technology to

be verified with ETH group / professor

At least one founder is ETH student,

employee, or alumnus

…and

Business idea and plan are sound

and sustainable

Team demonstrates entrepreneurial

skills

…and

Impact on Swiss economy

Company founded less than 2 years ago

Benefits for ETH Spinoffs

Rent offices and lab spaces and use

infrastructure at preferred

conditions at ETH and Technopark

(for 2+1 years)

Get (limited) consulting and

coaching

Link to Venture Incubator and other

VC’s

Use of “ETH spin-off” label

ieLab


355 ETH Spin-offs in 20 years

29.

08.

201

Tomas Brenner 16

5 years survival rate is 92% (rolling average)

1/3 Lifescience, 1/3 ICT and 1/3 Engineering

In 2016:

25 ETH spin-offs

1/3 of the ETH spin-off founded by Pioneer Fellows

2/3 of Pioneer Fellows found an ETH spin-off

ieLab


Acquisitions and IPOs of ETH Spin-offs

> 2 bCHF

IPO

Straumann

kuros therapeutics

2002

Glutz AG

2006

Synopsis

2004

Roche

2005

2007

IPO

SPECS

2009

Vizrt

ESRI

Nuance

2011

Sunstar

Microsoft

Wüest & Partner

2013

J&J

JDSU

Camlin Group

Qualcom

2014

RGB Systems

GSK

LogitechFacebook

2016

Astorg Group

Magic Leap

2017

LEONI

2015

Apple

Husqvarna Group

IPO

GoPro Suisse

Pfizer

(Redvax)

ieLab


Entrepreneurship in a Nutshell

ieLab


Dr. Tomas Brenner

ETH Innovation & Entrepreneurship Lab

T: +41 44 633 83 95 ¦ M: +41 76 342 46 56 ¦ E: [email protected]

www.transfer.ethz.ch ¦ www.spinoff.ethz.ch ¦ www.ethz.ch/ielab

Thank you for your attention

eth innovation & entrepreneurship lab · 2017-12-04 · ... research 500+ eth ... services,...

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