Innovación y Emprendimiento CongresoTIC 2015 Luis Stein Imagine Business Lab @LuisStein
Porque necesitamos Innovación?
1878 Eastman desarrolla Fotografía de Placas Secas 1888 Nace la cámara KODAK Aprete el botón, nosotros hacemos el resto 1975... 1997 Valor de mercado: U$D 30 Billones 2012 Kodak entra en convocatoria de acreedores
Competitividad en Pymes Seminario de Competitividad BID/OCDE Chile, Abril 2014
1968
Cualquier ciencia que se convierte en TI, pasa de avanzar en forma lineal a avanzar de forma Exponencial
De adonde viene la Innovacion?
Ejemplos disruptivos de Innovación Fundada en 2009 Servicio en 58 Países 300 Ciudades Ventas por U$D 10 Billones Valor estimado U$D 50 Billones Uber is software eats taxis
Ejemplos disruptivos de Innovación Fundada en 2008 Servicio en 190 Países 34.000 Ciudades 1.000.000 de Habitaciones listadas Valor estimado U$D 20 Billones Marriott espera alcanzar 1M en Dic 2015
Ejemplos disruptivos de Innovación Fundada en 2009 800 Millones de Usuarios Vendida en U$D 19 Billones Nuevo Paradigma en Telecom?
From Oranges to High-Tech Economy - the Israeli Technology Incubator Successes Story CORFO March 2015
Israel crea grandes empresas Start-up nation No.2 on NASDAQ listed companies (2nd to USA) Locally managed venture capital industry, second only to the US, with total capital raised to date over 10B$. R&D centers of many global companies Huge success stories 23
Genera Exits! DG Acquires Mediamind, $520M, 6-2011, Online advertising Broadcom acquires Provigent, $315M, 3-2011, Chips for Mobile SalesForce acquires Navajo, $30M, 8-2011, Security Facebook acquires Snaptu, $70M, 3-2011, Mobile Application Facebook acquires face.com, $60M, 6-2012, Mobile application VMWare acquires Digital Fuel, $120M, 6-2011, IT Financial SaaS solutions Valueclick acquires Dotomi, $295M, 8-2011, Online advertising Intel acquires Telmap, $300M, 9-2011, Mobile Application Ebay acquires Gifts Projects, $25M, 9-2011 (Social Network) CA acquires Nolio, $42M, 3-2013, IT & enterprise software Allscripts acquires Dbmotion, $235M, 3-2013, Healthcare IT Cisco acquires Intucell, $475M, 1-2013, Communication Boston scientific acquires Rhythmia, $265M, 10-2012, life science Stryker acquires Surpass, $135M, 10-2012, life science EMC acquires XtreamIO, $450M, 5-2012, IT & enterprise software Stratsys merges with Objet, $634M, 4-2012, 3D printing Google Acquires WAZE, $1.1B, 5-2012, Social navigating Rakuten Acquires Viber, $900M, 2-2014, Social communication Mobileye IPO NASDAQ $5.3B, 3-2014, Car safety 24
25 Industria High-Tech diversificada
Israel Population of 8.13 Million Unemployment - 6.5% Area: 21,600 square kilometer GDP: $291 Billion GDP: $23,415 per capita HDI: 0.888 (19 th place in the world) 26
Inversión en I+D+i como % PIB OECD Source: OECD and Israel CBS 27
Resultados de Gobierno Private sector involvement Huge investments from Foreign investors Mature VC industry with numerous angels, VC, CVC, Foreign VC s etc. R&D centers of the largest corporations 28
Fondos de Capital de Riesgo Locally - managed venture capital industry, second only to the US with the total capital raised to date over $10B. Presence of foreign VC s with local branch 29
Capital de Riesgo VC-backed exits soar to $4.2 billion in 2013 Average exit rises to $83 million (on decline in number of deals below $10 million) 2013 equity-return ratio best ever at 5.3 Source: IVC 30
Cultura de Emprendimiento Numerous international conferences Entrepreneurship academic courses Special high school programs ( Young Entrepreneur ) Entrepreneur is a respectable status in Israel 31
Participación del Gobierno Definition of the Market Failure Early stage, high risk, innovative technological enterprises, can not raise money from the private sector Average budget of project: $600K Government grant: 85% of budget Incubator s investment: 15% of budget Payback: 3% royalties from revenue Support duration: 2 years Extended support to Biotech/Pharma & Clean-Tech projects Annual Government Budget to the Program: ~$50M 32
33 Un gran paso!
Ciclo de Innovación Exit Taxes Royalties Foreign investment Government R&D support programs Eco - System Experienced entrepreneurs R&D infrastructures 34
Luis Stein Imagine Business Lab Lstein@imaginelab.cl @LuisStein