Chalmers as an innovative and entrepreneurial university of technology Mats Lundqvist

Founded in 1829 Located in Göteborg the second largest city (500,000) in Sweden 10,000 students and faculty In 1836 it became a state institution In 1994 Chalmers became a private foundation again – the only private university of technology in Sweden In 1994 the technology-bridge foundation started as well as strategic research foundations

CHALMERSINVEST Growth Company Young Growth Company Company start Business plan Business Idea Patent Licensing Idea FINANCIAL MARKET VENTURE CAPITAL INNOVATIONSKAPITAL CHALMERS INNOVATION CHALMERS SCHOOL OF ENTREPRENEURSHIP NUTEK LICENSING OFFICE FINANCING KNOW - HOW VENTURE CUP From Idea to Company ChalmersInnovation System CHALMERSINVEST CONNECT 1998

Free research Centers, consortia and partnerships Preincubation Seed financing Incubation Strategic IP Contract research Grants and scholarships Discover Identify Utilize Commercialize Productify Commodify 2003 An Expanded Innovation Process Perspective

Background Chalmers School of Entrepreneurship since 1997 Inventor/researcher Manager ? Time Size of venture

FallSpring Strategy and market formation Intellectual capital management Entrepreneurial leadership Business dynamics and financing Business law Innovations economics ESM Innovation project Master thesis School project 1,5 year at Chalmers School of Entrepreneurship Fall MSc. in Innovation and Entrepreneurship School projet Entrepreneurship and Business development

The admission process Written application Interviews with teachers Interviews with psychologists Tests Academic merits Internal drive Creativity Critical thinking Ability to function in teams Establishes relationships Right attitude Willingness

PRE-INCUBATION –since2001- Take a part of the value creation Improve the learning process Improve the commercialising process Coaches Business evaluation Seed-financing Reinforcement-financiering Venture capital Office Infrastructure Awaiting empty companies Board of directors Chairman

Rationale Idea-Provider In cooperation with Chalmers School of Entrepreneurship the commercialisation process is started in a constructive and controlled environment. The projects are run with the presupposition and aim of being able to survive, expand and result in the formation of a viable company after the school year. Low risk Funding Driving-force

INNOVATION PROJECTS Technology based Early stage In need of driving force

RESULTS out of 5 projects continue as companies (3 biotech, 1 material tech, 1 architecture) Students attracted approximately 180 kEuro during the year 3 projects won 30 kEuro (n=421) 3 projects from 2001 attracted VC money TENDERA OXEON REGLIA PARANS LAYERLAB

RESULT * September, 2002 ** Added to this: 37 non-employed (consultants etc) Students Accumulated companies Employed Valuation (MSEK) Turnover (MSEK) Venture Capital (MSEK) Soft Loans (MSEK) ,89,62, ,241,53, ,719,86,5 2002* **24533,756,34,4 Total:9880,4127,217,0

An example

Business idea Vehco offers a unique IT-solution that controls and reduces costs for fleet owners. Simplicity and low price gives all fleet owners the possibility. Unique technology makes it possible on all vehicles in the fleet.

Co-Driver - a telematics platform 1. A handheld computer is installed in the truck 3. Vehco produces data reports with conclusions and recommendations 2. Information is sent to Vehco over the mobile network 4. At the haulier’s office the reports are used for efficient follow-up

Product pictures Vehicle Client Office Client

Discover Identify Utilize Commercialize Productify Commodify Chalmers Technology Licensing Contract research Strategic IP IPR counselling Etc Center for Intellectual Property studies Research on IP, policies and models IP training Competence center Seminars and conferences Etc Chalmers Innovation Pre-incubator Incubator Competence center Incubation Soft-loan node Chalmers School of Entrepreneurship Entrepreneurship training Pre-incubator Chalmersinvest Seed financing Innovationskapital Venture capital Venture Cup Business plan competition Connect West Business angel network Etc Chalmers Innovation System 2003

Our core processes in our innovation system Entrepreneurial spin-outs Contract & consortia research Strategic IP (early packaging) Chalmers strength Clarify claims Enable commersialization Entrance ticket to research Enable new industry in region

IVTS/Telematics Digital modelling CreativeIndustry Biomedicin Petro chemistry Universitetsbaserat innovationssystem ResearchBusiness Etc. Thematic innovation systems CreativeIndustry Biomedicine Universitetsbaserat innovationssystem Utilization Etc. Chalmers as an innovation engine

The entrepreneurial university… … not only teaches established ”truth” but also invites to knowledge creation and constructive learning …. not only communicates results and merits but also engages in the problems of the future … is not content only with publishing but wants to take responsibility for how knowledge is utilized in society Learning Utilization Research