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Discovery Next acceleration approach
Published on 10 December 2018
Italy
Abruzzo
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
The aim is to stimulate entrepreneurship in researchers and offer industrial researchers spin-off paths, complementary to initiatives carried out in university context.
3 complementary approaches:
• DISCOVERY FUTURE: scouting and stimulus to birth of innovative companies in university incubators
• DISCOVERY AXCELERA: stimulate growth/ scale up innovative businesses
• DISCOVERY PARTNERPORT: attraction of start-ups from other territories
Activities/services:
- Pre-scouting and selection: meeting with startuppers and proposers, involvement in national contest (Unicredit Startlab, Marzotto Prize, BIoupper, etc)
- Kick off meeting and coaching contract: diagnostic meeting with selected startup, identification of activities to realize, definition of coaching contract
- Periodic meetings: identification of milestones, progress monitoring, involvement of external experts, definition of business approach, identification of regulatory path and targeted market
- Promotion: business development activity, definition of presentation package, contact with VSs, support to presentation/pitching, contact with big companies and identification of open innovation initiatives
Length 12-18 months
Expected beneficiaries are start-ups1-2 y.o. (5/7 startups/year)
Optional settlement in the science park
Coherence with regional policies:
- Synergistic to Innovation cluster life science project bioPMed and with startup support scheme (structural funds)
- In line with S3 regional document
3 complementary approaches:
• DISCOVERY FUTURE: scouting and stimulus to birth of innovative companies in university incubators
• DISCOVERY AXCELERA: stimulate growth/ scale up innovative businesses
• DISCOVERY PARTNERPORT: attraction of start-ups from other territories
Activities/services:
- Pre-scouting and selection: meeting with startuppers and proposers, involvement in national contest (Unicredit Startlab, Marzotto Prize, BIoupper, etc)
- Kick off meeting and coaching contract: diagnostic meeting with selected startup, identification of activities to realize, definition of coaching contract
- Periodic meetings: identification of milestones, progress monitoring, involvement of external experts, definition of business approach, identification of regulatory path and targeted market
- Promotion: business development activity, definition of presentation package, contact with VSs, support to presentation/pitching, contact with big companies and identification of open innovation initiatives
Length 12-18 months
Expected beneficiaries are start-ups1-2 y.o. (5/7 startups/year)
Optional settlement in the science park
Coherence with regional policies:
- Synergistic to Innovation cluster life science project bioPMed and with startup support scheme (structural funds)
- In line with S3 regional document
Resources needed
Around 50.000 euro/year with an interdisciplinary team able to cover both scientific, technical managerial issues of selected startups.
Evidence of success
Surviving rate of start-ups 100% after 3 years.
Last 10 years
- Around 45 companies supported
- 1 failure
- 2 listed at Nasdaq
- Around 90mm million euro raised
- Around 250 new job places created
Succes example :
- Creabilis therapeutics acquired by sienna Biopharmaceuticals for 155 ML euro, now listed at NASDAQ
- AAA listed at NASDAQ and after acquired by Novartis
Last 10 years
- Around 45 companies supported
- 1 failure
- 2 listed at Nasdaq
- Around 90mm million euro raised
- Around 250 new job places created
Succes example :
- Creabilis therapeutics acquired by sienna Biopharmaceuticals for 155 ML euro, now listed at NASDAQ
- AAA listed at NASDAQ and after acquired by Novartis
Potential for learning or transfer
We would like to couple the initiative/program with a seed capital local fund
We would like to develop a network of peers in Europe and out of Europe in order to offer internationalization development opportunities
We developed a new model that could be exported in other “similar” environment with standard training modules and a quite standard approach in managing relation and coaching with startups
We would like to develop a network of peers in Europe and out of Europe in order to offer internationalization development opportunities
We developed a new model that could be exported in other “similar” environment with standard training modules and a quite standard approach in managing relation and coaching with startups
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Bioindustry Park Silvano Fumero SpA
Italy
Piemonte
Contact
EU&International Project's Unit Manager