KMUTT Social Entrepreneurship - British Council · Industry (local and international): Demands and...
Transcript of KMUTT Social Entrepreneurship - British Council · Industry (local and international): Demands and...
KMUTT Social Entrepreneurship
Tiranee Achalakul
Objectives
• Encourage student entrepreneurship
• Create new knowledge/products with social impact
• Commercialize KMUTT IP through our incubation unit
• Promote the concept of social enterprise
The Mission
Help build the startups based on KMUTT IPs
(ref: NTU Ventures)
Startup: Technology ,
Management, plans execution
Industry (local and international):
Demands and markets
Finance: VCs, Social VCs, Angels, banks
KMUTT: Incubation,
IP Management, consultation, connections
Training Co-working and learning spaces Resources and seed funding Intensive Mentorship Pitch support Match making / networking (industry and entrepreneurs)
Investment (Series A and B)
Market Strategic partners Problems provisioning Seed funding
The Entrepreneur Eco-system
Our Actions • Identify research which has commercial and social
potentials • Build social entrepreneur networks and facilitate
collaborations • Manage incubation unit
– Mentoring and consultation services – Workshop/training programs – Seed funding programs – Co-working spaces
• Set up an investor connex program • Manage IP and IP licensing terms • Integrate the social entrepreneurship concepts into
KMUTT curriculums (Project-based and Elective Courses)
Human Resources
University Management
Research, innovation and partnership center
K-En
IP Team
Partnership Development Team
Mentor Team Volunteered faculties
IP and Legal Retainer fee
Business consultants Retainer fee
Entrepreneurship coordinator Team
Full time employees
Accountant Retainer fee
Administrative staff Full time employee
Director Full time employee
Our Main KPIs
• The number of commercialized KMUTT IPs (5/year)
• The number of startups from the incubation units (3-5 companies/year)
• The number of curriculums adopting the entrepreneur-integrated concept (5 in 5 years)
ENABLING COMMERCIALIZATION Spin-off mechanism
KMUTT Innovation Foundation
Navavivat (Holding Co.)
100 % shareholder
Industry development Co.
Organization Structure
Other Investors
Stds. Start-up Support Co. Stds. Start-up
Support Co. Stds. Start-up Support Co. Investment firms
Investing Model
KMUTT Innovation Foundation
100 % shareholder
Stds. Start-up Support Co.
New Co,Ltd
New Co,Ltd
VC
Students X% shares (Effort, HR)
Y% shares (Investment)
Z% shares (IPR, investment)
Navavivat (Holding Co.)
Donation
The Process Manage by K-Entrepreneurship Handle by Navaviwat
(ref: NTU Ventures)
KMUTT & Partners
Nawawiwat
. . .
Co. 1 Co. 2 Co. 3 Co. 4 Co. n
Input
Process
Output
Pre-incubate
- Call for
proposal
- Pitching
- Selection
Graduate
/ Spin off
Seed funding allocation
Startup stage investment
Foundation
Investors Donors
Funds
Incubation
- Training
- Networking
- Space allocation
- Back office facility
- Technology development
- Mentoring/Consultation
Fun
dra
isin
g In
cub
atio
n
Inve
stm
ent
Student Support Model
Spinoffs will implicitly carry KMUTT brand
Navaviwat (or subsidiary) holds at least 5% share Navaviwat may invest with other social VCs
Keys to Success • Identify the right strategic
partners • Talent mobility program between
partners and KMUTT personnel
Mission Help build the startups Based on KMUTT IPs
KPIs #IPs utilized #startups
NEEDS DERIVED FROM PRACTICAL EXPERIENCES
Spin-off mechanism
VC’s Criteria to invest
Opportunity • Large market size and growth
• Attractive product/tech
• Attractive business strategy
• High likelihood of customer adoption
• Good competitive position
Management • Previous experiences
• Quality of team
• Good performance to date
Deal terms • Good valuation
• Contractual structure that limits risk
• Positive influence of other investors
• Good fit with VC portfolio
Exit Conditions • Financial market conditions
• Exit opportunities
Helps they need from us ?
Opportunity • Drafting of business plans
• Market survey/gap analysis, how to
• Drafting of marketing strategy (traction channels, customer segmentation)
• Technology consultations
Management • Training (on demand)
Deal terms • Consultation on deal making
(what’s a good deal and what’s not)
• Company Valuation, how to
• Drafting/proof reading of contracts and agreements
Supports • Resources and seed funding
• Intensive Mentorship
• Networking and connections
Helps they need from industrial partners?
Opportunity • Problem provisioning (technology
with existing market)
Management
Deal terms • Fair profit sharing model
Supports • Human Resource and seed funding
• Marketing and sales efforts
• Product Requirement analysis (from real customers)