Innovation PolicyInnovation PolicyIn a remarkably short period of time, economic globalization has changed the world economic order, bringing new opportunities and new challenges .

To compete, Europe must become more inventive, react better to consumer needs and preferences and address global and environmental challenges by innovating more.

The objective is to facilitate the development and usage of Europe’s innovation potential by the creation of an environment in which enterprises can start and grow.

To this end, the EC initiative encourages public-private partnerships and the improvement of governance in the fields of entrepreneurial innovation, cluster management, innovation financing and European standards, as well as the testing of new tools and practices

Transnational cooperation is an essential feature of all these actions

Creation Of An Environment In Which Creation Of An Environment In Which Enterprises Can Start And GrowEnterprises Can Start And Grow

• Europe's young biotechnology industry is dependent on effective incubation of technologies, people and young companies

• The CEBR Incubation processes SIG focuses on bringing people and technologies through to company creation and Proof of Concept (POC) in order to attract further investment

• Crete SIG workshop:

• Models for effective incubation

• Nurturing to achieve POC and the next investment round

The Ideal IncubatorThe Ideal Incubator• The ideal incubator exists only as reflection of its goals,

mission and mandate

• Rather than pursuing the philosophical ideal incubator, we should define a model that facilitates as many goals as possible while incorporating aspects of individuality and local character

• What is a successful incubator? How do we define success?

• Success is a direct outcome of our goals

The goal of the incubation period is to prove the technological concept and its  feasibility and to advance it towards commercialization

To attain our goal we To attain our goal we establish for each project a business establish for each project a business

model model && strong IP position, and demonstrate that it  can strong IP position, and demonstrate that it  can

attain profitability in a targeted market segmentattain profitability in a targeted market segment

Our Goal – RBM incubatorOur Goal – RBM incubator

What is your goalWhat is your goal??

Our Goals And How Do We Reach Our Goals And How Do We Reach Them?Them?

• Each and every bioregion has a different mandate and different mission

• Different goals: create employment, commercialization of academic research, creation of viable SMEs, bringing benefits to the economy, ROI to investors and research institutes/entrepreneurs

• A successful accomplishment of our goal is a direct outcome of successful planning

• Planning requires a clear definition of the role of the incubator environment

Planning And The Incubator Planning And The Incubator EnvironmentEnvironment

• What is the role of the incubator environment in facilitating success? – Active:

• Providing managerial support and professional consultants (e.g. regulation, IP, business development ,strategy etc.)

• Moving the scientists aside, hiring a professional CEO

• Coaching of entrepreneurs and CEOs

• Proactive search for projects

– Passive:

• Office space, legal and secretarial and linking with other incubator/park tenants

• Waiting passively for deal-flow

• Letting the project manage itself

• In the following discussion we will summarize the different goals of each of our presenting bioregions

• We will prioritize our goals

• We will set a plan to achieve these goals

• Detrmine the role of the incubator environment

• The ideal incubator

From Goals To The Ideal IncubatorFrom Goals To The Ideal Incubator