U.S.-RUSSIA FOUNDATION FOR ECONOMIC ADVANCEMENT AND THE RULE OF LAW EURECA – ENCHANCING UNIVERSITY RESEARCH AND ENTREPRENEURIAL CAPACITY

EURECA Phase II

Launch of Startup Accelerator Network

USRF Board of Directors Meeting Los Angeles, CA, January 8-9, 2014

1. FUEL - “Future University and Entrepreneurship Leaders”:1.1. Initiator: NRU ITMO 1.2. Partners: UCLA, NRU HSE1.3. Goals: Strategic: to contribute to the economic development and

entrepreneurial ecosystem development in regions of Russia Tactical: to build the complex system of University' IP

commercialisation in order to provide sustainable projects pipeline in regions of Russia

1.4. Beneficiaries: 3-5 Russian regions Universities and research institutions Actors of the regional innovative ecosystems

1.5. Time frame: 2013-2014, extension for 2015-2016 1.6. Project budget (layout for 2 years): USRF (USD 2M), Regions

(USD 0,8M), external financial institutions (USD 10-12M)

About the project

NRU ITMO and UCLA joint implementation of the EURECA-I in 2011-2012

Selection of NRU ITMO and NRU HSE as 2 of only 12 winning universities approved to join the Program of Competitiveness Growth by the Russian Ministry of Education and Science in 2013

Effective networking partnership with regional authorities in Russia, institutions of development, venture funds

International expierience of University startups entry to the high-tech industry and markets

Support of regional innovative development and territorial innovative clusters

Consortium experience

Expected results / Outputs of 2013

Regional trainers, innovation managers and mentors selected and trained: 40 / 40

Regional mentors and trainers involved in SL activity: 80 / 40 Regional startups participated in St.Petersburg SUMIT: 12 / 7 Regional managers and founders went through DeepDive: 8 / 4 SUMIT WarmUps, Hackatons, seminars and other

entrepreneurship-oriented events held in regions: 32 / 21 Russian startup events where regional startups took part: 16 / 3 Regional SUMIT launched: 4 / - Projects participated in regional SUMITs: 40 / - Startups surivived the acceleration stage in SA: 14 / - Startup accelerators created in Russian regions: 2 / - Startup accelerators fund, total: $10M / -

Perspectives for 2014-2016

1. ITMO Entrepreneurial Ecosystem enchancement1.1.“Entrepreneurial University” - one of the three strategic

pathways of University Vision - 2020, along with “Research-Led” and “Global”

1.2. New services of ITMO Innovation Hub launched through the activities of new divisions:

Center for regional cooperation development Technology Transfer Center FabLab Projects Factory1.3. Over 10 new partnerships launched and strengthened by

signing the cooperation agreements, incl. Russian Venture Company, JSC MIT Deshpande Center Foundation for Development of Internet Initiatives

Current results

ITMO target model - 2020

ITMO Entrepreneurial Ecosystem – 2020

2. External contribution to the Startup Accelerator Network:2.1. Internet Initiatives Development Fund (IIDF) created by the

Agency for Strategic Initiatives: Goal - to provide early-stage internet entrepreneurs with the

financial and expert support through investing USD 170M in 400 Russian startups in 3 years

Joint activity with NRU ITMO on creation of the regional startup accelerators (Agreement signed on August 21, 2013)

Regions to cover: Yekaterinburg, Novosibirsk, Kazan’, Tomsk, Perm’, St.Petersburg etc.

2.2. Regional support: Samara (over USD1,0M in 2013-2014), Republic of Mordovia (USD 0,75M for 2013-2014), Vologda

Current results

3. Regions of Russia:3.1. Republic of Mordovia: Agreement signed on June 23rd, 2011 Memo on creation the system “StartupClass / StartupLab /

StartupAccelerator” signed on February 27th, 2013 IT-accelerator launched on March 2013 5 institutions (actors of regional innovation ecosystem)

involved to the project3.2. Samara region: A set of agreements on creation the system “StartupClass /

StartupLab / StartupAccelerator” signed on October- November, 2013

Over 10 institutions (actors of regional innovation ecosystem) involved to the project

Over 50 future entrepreneurs took part in startup events

Current results

3.3. Arrangements on joint acceleration activities reached with the actors of local innovation ecosystems of:

Vologda region Republic of Buryatiya Ryazan region Tomsk region Krasnoyarsk region etc.3.4. ITMO’ proposals of specific trainings (R&D management, incl.

startup acceleration) are included to the roadmaps of the Innovative Territorial Clusters supported by the Ministry of Economic Development

3.5. ITMO’ proposals on launch of the Startup Accelerator Network supported by the Ministry of Economic Development

Current results

WARMUP Saransk

WARMUP SPb

WARMUP MinskWARMUP Vologda

WARMUP Cherepovetsk

More than 50 local entrepreneurs together for 54 hours!!!More than 50 local entrepreneurs together for 54 hours!!!

Current results

WARMUP Samara

Startup School SUMIT — intensive 2-months educational program for early-stage startups and entrepreneurs

Current results

Regional teams at SUMIT

Regional teams at SUMIT

4. ITMO-UCLA Entrepreneurial Mobility:4.1. StartupUCLA acceleration program (USA, Los-Angeles, summer 2013): ITMO startup team PRIXEL – 3D and raised printing technologies4.2. ITMO SUMIT Startup Lab program (Russia, St.Petersburg, summer 2012 and 2013): UCLA startup team VUPAD – augmented

reality technologyUCLA startup team TRAVEL ANGEL – crowdfunding platform

Current results

PRIXEL team at StartupUCLA

TRAVEL ANGEL team at SUMIT

1. UCLA-ITMO collaboration plan: Student startup education program exchange Collaborative organization of the conferences focused around

collaboration between actors of entrepreneurial ecosystem Enhancing the research collaboration UCLA student internships for Russian language in the

entrepreneurial ecosystem of ITMO2. Perspective U.S. partners for 2014 and further: Associations: AUTM, NCURA, NBIA etc. Companies: Majestic Law, LLC; RSV Venture Partners, LP Innovation-oriented institutions and programs: Tech Coast

Angels (CA), MIT Deshpande Center, Deep Dive Program (Silicon Valley)

Perspectives of cooperation with U.S. Partners

Thank you for your kind attention!

eureca.ifmo.ru

eureca.ucla.edu

Additional slides

1. Time frame: 2013-2014, extension for 2015-2016 2. Project budget (layout for 2 years):а. USRF funding: USD 2M – to cover project team expensesb. Region co-funding: ca. 25M RR (ca. USD 0,8M) - to cover

expenses of local experts involved into the project implementation

c. External financial institutions’ contribution (USD 10-12M) - to create seed fund, including:

Regional venture funds RVC JRC and other development institutions Individuals and legal entities, including foreign actors

About the project

System of intellectual activity results commercialisation built in 3-5 Russian regions

Sustainable mechanisms of collaboration between regional universities and institutions of development, innovative territorial clusters, financial institutions

Trained teams for commercialisation tasks in Russian regions (innovation managers, trainers, mentors)

Sustainable technologies for development of regional innovative ecosystem (ready for dissemination)

Expected project outcomes

Generating projects pipeline:

Object

Process

Structure

Implementation mechanisms

ITMO accelerator: 1. Basic information: launched in 2012 with the seed fund of US$6M jointly by NRU ITMO and RSV Venture Partners, LP (USA)provides investments (US$20,000 for 3 months), training and mentorship for early-stage startup teams 2. Outcomes: 3 startup sessions held20 teams supported (total volume of investments – US$360,000)8 projects have already attracted the next round of investments, with total volume of US$1,3M

Current results

1. Republic of Mordovia: Government of the Republic (incl. relevant

Ministries) Technopark–Mordovia Mordovia State University (national research

university) n.a. N.P.Ogarev IT-accelerator of the Technopark–Mordovia User Group “FoxDevs”

Partners Network:Regions of Russia

2. Samara Region: Ministry of economic development,

investments and trade Samara State Aerospace University n.a

acad.S.P.Korolev Samara State Technical University Samara State Medicine Unviersity Regional Innovation and Technology Transfer

Centre (Non-profit Partnership) Open Technology Partnership “Materya” Toljatty State University Technopark “Zhigulevskaya Dolina” Toljatty Academy of Management Business Incubator of Toljatty

Partners Network:Regions of Russia

3. Vologda Region: Vologda State Technical University IT-directors Club of Vologda Vologda Coworking Area “Container” Hackaton HACKPOINT (Cherepovets)

Partners Network:Regions of Russia