The Incubator of Creative Industries role in the SMILIES

project: An innovation and investment multiplier

P.IgnatiadisSMILIES Kick off MeetingRethymno, 14-15/05/2009

INCUBATOR TOOLS AND SERVICES

2

INCUBATOR IN SMILIES

TECHNOLOGY WATCH (radar)

NETWORKING

TRAINING IN BUSINESS PLANNING INCUBATOR

FUND

PRE-INCUBATION

& MATURATION

3

TECHNOLOGY WATCH

4

5

TRAINING IN BUSINESS PLANNING

Business Planning

6

The elements of a business plan Protecting an idea and Value Chain Analysis Business Models Entrepreneurial Marketing – Innovation &

Marketing Entrepreneurial Marketing – Tools Entrepreneurial Finance & Valuation

Incubation projects

7

INCUBATION

PROJECT

Incubation process

8

Ideas

People

DatingEventDuring SMILIES

ExternalVenture

InternalVenture

NewProject

VentureLaunch

Gate 1 Gate 2 Gate 3

ConnectingPeople and Ideas

Building BusinessOpportunity Plan

To IInnovation Board

2010 2011 2012 onwards

INCUBATION PROJECTS

Aimed at accomplishing the valorisation of ideas

Development of ideas with market potential

Use of stage gate to drive the projects

Physical space and services ( scheduled in 2010)

Mentoring and coaching

9

IDEA COMMERCIALISATION STAGE GATE

10

Incubation

0-3 years

Stage 1

Stage 2

Stage 3

Investigation

Feasibility

Development

Technical

Step 1TechnicalAnalysis

Step 4TechnicalFeasibility

POC

Step 7Engineering

Prototype

Market

Step 2Market

Assessment

Step 5MarketStudy

Step 8MarketPlan

Business

Step 3Venture

Assessment

Step 6EconomicFeasibility

Step 9Business

Plan

Stage 4

Stage 5

Stage 6

Pilot

Growth

Maturity

Step 10Pre-Prod.Prototype

Step 13Production

Step 16BusinessGrowth

Step 11Market

Validation

Step 14Sales &

Distribution

Step 17Market

Diversity

Step 12BusinessStart-up

Step 15BusinessGrowth

Step 18BusinessMaturity

Acceleration

3-5 years

Idea

11

INCUBATOR FUND

Incubator Fund – how

Fund to be established in 2010 ?

Preseed financing approx 200 Keuro/project

12

Innovationproposal

by innovation boardInnovation agreement

With the Fund

Project submittedto manager

Innovationdecision

by board of directors

to6 weeks 6 weeks 6 weeks

Incubator Strategic Axes - July 2008

13

Testbed for newtechnologies in

creative industries

Feasibility study for research

infrastructures

- Proposal from

TEI CRETE

All partnersinvolved

-Consultation

tobe launched

ON SCHEDULE

Develop aCreativity Zone

inAgia Triada

Create acreativity

zone

- Bench learning

fromThessalonikiInnovation

Zone

Dialogue withthe

Municipalityof Arkadi

ON SCHEDULE

Growth of Creativity

Corridors inRethymno

Transform the

cultural places in the

city

- A projectproposal

underway from

FORTH

- Web 2,0technologies

-On linenetworkingDigital City

project

-Proof ofconcept

seminar with local SMEs

ON SCHEDULE

ExpandEntrepreneurial

Capacity in creativity

Create a network with the Industrial

Park

ON SCHEDULE

Skills for thecreative

industries

To teach creativity andinnovation to the creators

-Ideas andproposals to

beestablished

- Partnershipwith the

University ofCrete for LifeLong Learning

Program

-Apply forprogrammes

likeEQUAL, LLL

ON SCHEDULE

Become leadingincubator for

creative industries

Plans, Feasibility

Studies

Review of offers

Find strategicpartners

-Finalize plans

and strategicpartners

LAUNCHBEHIND

SCHEDULE:Business

partner beingassessed