ECONOMY AND ENTREPRENEURSHIP IN THE DANUBE REGION Development of an innovation fund to create a local ecosystem of entrepreneurs ECONOMY AND ENTREPRENEURSHIP IN THE DANUBE REGION Smart cities 2016, Novi Sad Frane Šesnić, CEO

Stockholm, Dublin, Eindhoven, Porto, Manchester, Zagreb, Miskolc, Suceava, Smolyen, Guadalajara Smart cities 2016, Novi Sad Frane Šesnić, CEO

SmartImpact will explore and develop the Innovation-Management tools for municipalities, which are necessary to finance, build, manage and operate a smart city. members will develop approaches that support decision making, investments, management and maintenance of those smart solutions that help achieving the city’s development goals. Smart cities 2016, Novi Sad Frane Šesnić, CEO

Smart cities 2016, Novi Sad Frane Šesnić, CEO

Smart policies can be defined as locally adapted regulations and incentives targeted at dealing with innovative technologies and their impact on urban development. Smart Policies strive to put innovations in use for growing the economy in a sustainable way, supporting a reduction of the urban environmental footprint and that increasing the efficiency of public spending. Smart policies hit the leverage points in your city. They are able to provoke a large impact through a relatively small amount of change. Smart cities 2016, Novi Sad Frane Šesnić, CEO

Project development centre Smart cities 2016, Novi Sad Frane Šesnić, CEO

correlation between market size and financial instrument development Smart cities 2016, Novi Sad Frane Šesnić, CEO

Smart cities 2016, Novi Sad Frane Šesnić, CEO

Smart cities 2016, Novi Sad Frane Šesnić, CEO http://www.economist.com/news/special-report/21593582-what-entrepreneurial-ecosystems-need-flourish-all-together-now Smart cities 2016, Novi Sad Frane Šesnić, CEO

tn t1 t0 Turnover Market/Export Employees Profit Assets Knowledge Wages Quality Satisfaction t0 t1 tn time Smart cities 2016, Novi Sad Frane Šesnić, CEO

Valuation and founder equity 100 K Eur 500 K Eur 2 mil Eur as a startup raises additional equity investment, the valuation increases and founder ownership decreases Valuation 100% ?% 50% Founder equity ownership - delution Smart cities 2016, Novi Sad Frane Šesnić, CEO

Financial instruments European Venture Capital Funds, a subcategory of alternative investment schemes that focus on start-up companies; Public Procurement of Innovative solutions (PPI) Pre-Commercial Procurement (PCP) Crowdfunding Pre-IPO investments Smart cities 2016, Novi Sad Frane Šesnić, CEO

Crowdfunding Academy 2015. Educirani timovi zajedno su prikupili više od milijun kuna Smart cities 2016, Novi Sad Frane Šesnić, CEO

Startup investors manifesto goal - EBAN 2013 2017 4-years growth business angels 5,5 11,7 113% early stage VC funds 2 2,9 45% equity crowdfunding 0,08* 0,5 525% Smart cities 2016, Novi Sad Frane Šesnić, CEO

StartUp tech. company Innovation ecosystem Knowledge Financing Infrastructure Market Innovation ecosystem Entrepreneurs must lead the development of any startup community, and empowerment of individuals is the best tool for creating meaningful change in yours. Smart cities 2016, Novi Sad Frane Šesnić, CEO

Smart cities 2016, Novi Sad Frane Šesnić, CEO

Co-operation agreement, September 30, 2015 #City of Zagreb Mayor Mr Milan Bandić, dipl. polit. #University of Zagreb Rector Professor Damir Boras, Ph. D., #Faculty of Electrical Engineering and Computing Dean Professor Mislav Grgić, PhD #Ruđer Bošković Institute Director General Tome Antičić, Ph.D. #Development Agency Zagreb Director General Frane Šesnić, mag. ing. Co-operation agreement, September 30, 2015 Smart cities 2016, Novi Sad Frane Šesnić, CEO

Zagreb Model Stakeholders for holistic approach in order to create innovative business environment Local government City of Zagreb Innovative SME University, r&d institutes, faculties Smart cities 2016, Novi Sad Frane Šesnić, CEO

More than 1500 users in 2015. Free of charge, finaced by the city Smart cities 2016, Novi Sad Frane Šesnić, CEO

STARTUP FACTORY ZAGREB Pre-acceleration program for tech startups Equity free / Grant 3 months acceleration Education, networking, mentoring, consulting, financial & infrastructure support 100 000 Eur investments Smart City tourism Smart cities 2016, Novi Sad Frane Šesnić, CEO

EBRD i Europski investicijski fond, European Venture Capital Funds, a subcategory of alternative investment schemes that focus on start-up companies; Potential investors: Grad Zagreb Republika Hrvatska HBOR, EBRD i Europski investicijski fond, Europski fond za regionalni razvoj i Kohezijski fond, Financijske institucije (mirovinski fondovi i osiguratelji), velika poduzeća u Republici Hrvatskoj Poslovni anđeli te inozemni ulagači Smart cities 2016, Novi Sad Frane Šesnić, CEO

for the Smart City development Public Procurement and Innovative SME City authorities address the task/issue/challenge for the Smart City development Innovative SME provides solution a hub for information regarding innovation procurement PPI Platform http://www.innovation-procurement.org Smart cities 2016, Novi Sad Frane Šesnić, CEO