#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Mitch Sava + Rick Chapman Presentation
1. Bath and Bristol Enterprise Network What in the world is iNet? Rick Chapman – Microelectronics Mitch Sava – Creative Industries iNet
2. iNet is a £13M EU-supported programme to grow SW’s strategic industries £13 M
3. We also have ‘skin in the game’. £3.2M ERDF Partners SWRDA EU ‘ Match’
4. We are about commercial growth. South West England New jobs New products New opportunities New services £
5. Our Vision: San Francisco Boston Austin C2O Arc LA Estonia Berlin Israel Paris Bangalore Cape Town put the South West on the global innovation map South West England
6. Each of the iNets have similar goals, but different approaches
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8. Another approach focuses on challenges facing companies across the sector OUTCOMES DRIVERS ECOSYSTEM CAPITAL Follow-on investment Sufficient investment TALENT Scale of Funds Access to Corporates Access to international markets Pool of experienced entrepreneurs “ Operational” VCs Hands-on strategic and operational support Networks FIRMS Successful firms Creative people Market Knowledge Innovative business products / models Productive Operations Integrated funding stream Opportunity Evaluation Access to ideas Access to assets Access to space
9. What are your big challenges? OUTCOMES DRIVERS ECOSYSTEM CAPITAL Follow-on investment Sufficient investment TALENT Scale of Funds Access to Corporates Access to international markets Pool of experienced entrepreneurs “ Operational” VCs Hands-on strategic and operational support Networks FIRMS Successful firms Creative people Market Knowledge Innovative business products / models Productive Operations Integrated funding stream Opportunity Evaluation Access to ideas Access to assets Access to space
10. What are your big challenges? OUTCOMES DRIVERS ECOSYSTEM CAPITAL Follow-on investment Sufficient investment TALENT Scale of Funds Access to Corporates Access to international markets Pool of experienced entrepreneurs “ Operational” VCs Hands-on strategic and operational support Networks FIRMS Successful firms Creative people Market Knowledge Innovative business products / models Productive Operations Integrated funding stream Opportunity Evaluation Access to ideas Access to assets Access to space
11. What are your big challenges? OUTCOMES DRIVERS ECOSYSTEM CAPITAL Follow-on investment Sufficient investment TALENT Scale of Funds Access to Corporates Access to international markets Pool of experienced entrepreneurs “ Operational” VCs Hands-on strategic and operational support Networks FIRMS Successful firms Creative people Market Knowledge Innovative business products / models Productive Operations Integrated funding stream Opportunity Evaluation Access to ideas Access to assets Access to space
12. Or are there commercial opportunities you need help to exploit? OUTCOMES DRIVERS ECOSYSTEM CAPITAL Follow-on investment Sufficient investment TALENT Scale of Funds Access to Corporates Access to international markets Pool of experienced entrepreneurs “ Operational” VCs Hands-on strategic and operational support Networks FIRMS Successful firms Creative people Market Knowledge Innovative business products / models Productive Operations Integrated funding stream Opportunity Evaluation Access to ideas Access to assets Access to space
13. Note: we are NOT a venture fund. We support innovation.
14. We fund bold projects that help you get where you want to go…
15. … building on your momentum, and contributing to a movement
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19. We need to capitalise on existing strengths, assets, and momentum…
20. … devise new and clever ways of connecting firms in outlying areas into natural flows of commerce, capital, and knowledge…
21. … and establish a legacy of improved capacity and ambitious, innovative companies.
22. Creating a balanced portfolio scale geography longevity sector EFFORT / RESOURCES / RISK IMPACT L H L H Long-Term Short-term