Archive for 2010
Advertisement Tubantia
Curious after the coming VentureLab Twente informative free events?
Download here Tub 23-10-10 the advertisement (in Dutch) with the proper dates.
See you November 4 or 18!
Open Training
Open Training, October 21 & 22, 2010
The programme will start on Thursday 0.45 pm and will end on Friday 5.00 pm.
VLT VentureClass
VentureLab Twente invites you to its monthly informal buffet dinner and VLT VentureClass.
Speaker professor Uzi de Haan: “High Growth technology companies, the case of the start-up nation Israel”
Economic growth in Israel is driven by the high-tech sector. Israel has developed a vibrant high-tech eco-system. Given the small isolated market of Israel, new ventures have to scale and internationalize from day one. What are the success factors of the Israeli case and how would they apply to the Netherlands. What could be lessons for Dutch technology entrepreneurs?
Uzi de Haan is a professor in the Faculty of Industrial Engineering and Management at the Technion, the Israel Institute of Technology. His research and teaching area is Entrepreneurship and Innovation. He founded the Bronica Entrepreneurship and Innovation Center at the Technion, which supports students, faculty and Technion Alumni in the realization and commercialization of their ideas for new products and technology enabled services. He is the past CEO and founder of Philips in Israel where his key assignments were to grow the Philips sales in Israel and to explore and implement cooperation modes with Israeli companies and research institutes. Through acquisitions and investments, Philips Israel became a $ 350 mln company with more then 500 employees.
Apply here:
VLT VentureClass
Met trots presenteren wij een speciale VLTVentureClass, waarin we de resultaten van het business support programma VentureLab Twente (VLT) willen delen.
VLT staat ondernemers en bedrijven op alle mogelijke manieren terzijde om succesvol te kunnen ondernemen. Met 120 deelnemers draagt VLT effectief bij aan de toekomstige werkgelegenheid en welvaart in Oost-Nederland. De bijeenkomst op 10 februari staat geheel in het teken van presentatie en discussie over behaalde resultaten van de afgelopen anderhalf jaar.
Vier bedrijven van de inmiddels 120 deelnemers in VLT zullen laten zien wat zij het afgelopen jaar hebben gepresteerd. Daarnaast is er een presentatie van resultaten door Aard Groen, hoogleraar Innovatief Ondernemerschap en directeur Nikos (Nederlands Instituut voor Kennisintensief Ondernemerschap) aan de UT, en Rob van Lambalgen, programmadirecteur VLT, en een panel discussie. In het panel hebben zitting Carry Abbenhues, gedeputeerde economische zaken, werkgelegenheid en innovatie provincie Overijssel, Peter den oudsten, als bestuursvoorzitter Regio Twente, en high-tech ondernemer Roel Pieper . Discussieleiding is in handen van Kees Eijkel, directeur Kennispark Twente.
Voorafgaand aan de bijeenkomst bent u hartelijk welkom op ons netwerkbuffet.
Deze bijeenkomst is interessant voor iedereen die economische groei in Oost Nederland een warm hart toedraagt. De voertaal deze avond is Nederlands.
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On February 10, the VLT VentureClass will be entirely dedicated to presentations showing the results of the VentureLab programme and the importance of this initiative for business development and entrepreneurship support. This meeting is ‘a must’ for all who hold economic growth in the eastern part of the Netherlands dear.
Contrary to our usual VLT VentureClasses, this evening the language will be Dutch.
Please note presentations will start at 19.30 instead of 20.00!
Apply here:
Developing a Company inside a “Kiretsu” Network
Entrepreneurs create value. Or at least that is the idea. Scalability is the key to create this value. This should be done by making clever use of networks, and not by controlling everything yourself. Make use of the best skills of others, focus on your own “differentiating skills and ideas”.
Triangle of value creation
The triangle of value creation identifies the interaction between market/market access, product/technology and money. Having money, a product or technology alone will never be sufficient to create value. In a few cases, only having market access is enough to establish a valuable company. To have market access, networks are distribution relationships are essential.
Outsourcing and suppliers
In a Kiretsu-group there is an understood role and use of networks.
Scale is achieved more cleverly when the firm depends on its network, and when non-core activities are outsourced. Outsourcing makes a firm more flexible. Prerequisite for the sustainability of such a firm is multi-sourcing. This means that the firm always has at least two sources for every supply, to prevent too much dependability. When one supplier cannot deliver a promise, the firm can turn to the second supplier and does not have to say no to its customer. In practice, this gets more difficult the more high-tech a firm becomes. In any case, one of the goals remains to have few employees, those that you really need, and that you outsource all other activities into a network of relationships, preferably with as few single-dependencies as possible.
Cooperate with your Competitors in new markets
Another interesting aspect of making use of networks to create value is co-opetition in the very early phases of innovation. Normally, in established markets, a company has competitors. In new and early markets, there is little or few competition. In new markets, growth and standards are more important than competition. Therefore Co-opetition (cooperating with your competitors can put priority on growth and can reduce development costs. Customers will see commonalities and choice between few competitors, and the market grows faster than when the leaders confuse the new and early markets.
Reference customer
But of course, the customer is the best proof of your offer. Having an early customer is the best mechanism to promote your product or service. And not to forget: early customers can serve as co-developers of the offer to make it more valuable.
