Connecting with the Entrepreneurial Ecosystem
TTO Circle Workshop Report
The TTO Circle organised a workshop ‘Connecting with the Entrepreneurial Ecosystem’, which took take place in Brussels on 24 October 2019. The workshop dealt with the challenges connected to establishing spin-off companies from RTOs: Complementing spin-offs´ technological/scientific existing talent with CEO and sales profiles interested in growing SMEs. Having well-rounded teams made up of ‘minds’ and ‘management’ is a necessary condition to entice smart capital into investing in these opportunities.
The lack of evidence on the adequate formula to systematise this process of connecting with entrepreneurs might hinder the future success of the deep-tech spin-offs. Finding a connection with entrepreneurs involves complex issues concerning venture building, incentive setting, etc. The workshop, thus, aimed to stimulate discussions around the challenges and opportunities.
The report highlights the main insights from the workshop related to the matching of ‘minds’ and ‘management’. First, from the micro perspective, it discusses the issues around the formation of venture teams and the incentive setting for forming teams that can launch spin-offs. Second, from the macro perspective, it analyses the role of the different agents in the ecosystem in fostering interactions and connections between minds and management. These conclusions aim to fit within a broader policy debate on how to facilitate the formation of scale-up ventures in Europe. In fact, discussions about a lack of financing, particularly for early-stage ventures, point to the discouragement of investors due to the lack of solid and well-rounded teams. Thus, this issue of connecting with entrepreneurial talent is also linked to the general financing issue.
MARTIARENA Aloña;
MÖSLINGER Margot;
KERT Kaia;
2019-12-10
Publications Office of the European Union
JRC118904
978-92-76-13358-2 (online),
1831-9424 (online),
EUR 29988 EN,
OP KJ-NA-29988-EN-N (online),
https://publications.jrc.ec.europa.eu/repository/handle/JRC118904,
10.2760/272399 (online),
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