Infrastructure to support the innovative and entrepreneurial projects Case of the Higher School of Economics Anastasiya Tyurina Head of Business Incubator at HSE CEO, HSE Innovation, LTD September, 2012 Higher School of Economics, Moscow, 2011 www.hse.ru HSE at a glance National Research University - Higher School of Economics Est. 1992 • The World’s Top-500 universities • The Russian Top-4 universities Webometrics • 4 locations in Russia (Moscow, Saint-Petersburg, Nizhny Novgorod, Perm) • 31 faculties and schools; 3’100+ staff (faculty and research fellows) • 16000+ students (Bachelors, Masters and Doctoral students) • Continuing education: 200+ programmes, 12’000 postgraduate students • Research: 41 research centers, 13 international labs, 300+ projects a year • Budget: € 270M, incl. €160M of revenues from education and research activities 2 III II I HSE business innovation perspectives Research areas Marketable products and services (samples) • Economics • New financial facilities Financial services • Sociology • Customized analytics R&D management • Management • Marketing • Customer behavior models Finance • • Linguistics Business intelligence tools and services Insurance • Communications • Games and simulators Retail • Logistics • Healthcare • Computer sciences Test systems and visualization tools • Cognitive sciences • etc. Prospective markets Corporate governance Creative industries • Supply chain management solutions Education • etc. etc. 3 III II I IID Program: major accomplishments HSE Commercialization System Within university’s structure: Innovation and Enterprise Office (INEO) HSE Innovation Ltd. Intellectual property department HSE Innovation Fund Faculty Faculty and students Facultyand andstudents students involvement involvement projects involvementprojects projects Centers for Centers Centersfor for entrepreneurship and entrepreneurship and Business-incubators entrepreneurship and Business-incubators business-incubators Commercial services / products Investors and Corporate partners Customers and markets State-owned enterprises Joint projects and ventures Large companies and institutions Spin-off companies Venture Capitalists 4 III II I IID Program: major accomplishments HSE Commercialization Process HSE IPR licensing Product IP-assets development projects Developers, Researchers HSE Innovation Ltd. Investors and corporate partners Faculty member PROJECT TEAM Innovative Projects and Companies Customers and markets Tracks for involvement of entrepreneurs and team members Innovation Fund applicants Project & training groups leaders Incubators residents Entrepreneurship community 5 I Call for ideas Innovation Fund 2. 3. Financial & marketing plan 4. Assessment / investment proposal 5. Project structuring / fund raising <8 <15 <15 >50 Selected call winners Applications: Project leader + Faculty member Contract for project planning Assessment results and draft proposal II 1. III Projects selection: HSE Innovation Fund track Negotiations, Preliminary agreements Agreements and project launch <5 Selected projects Product development contract / License agreement + HSE involvement scheme 6 III II I Samples of applicant projects to the 2nd HSE Innovation Fund call Product Idea Target markets Scientific leader “Mobile-English” content delivery system for mobile devices Foreign language distance-learning and interpreting Prof. Svetlana Maltseva Head of Department of Innovation and Business in Information Technologies (Faculty of Business Analytics) Hedging strategies development Financial services, Risk-management, Financial consulting Prof. Nikolay Berzon Head of Department of Stock and Investments Market (Faculty of Economics) Interactive Atlas for Tourism Industry Customized Analytics for Tourism industry (B2B, B2C) Prof. Sergey Smirnov Deputy Vice-rector, Director of Institute for Social Policies and Social and Economic Programmes 7 II III I Entrepreneurship fostering system Centers for Centers for Centers for entrepreneurship entrepreneurship and entrepreneurship, and Business-incubators Business-incubators business-incubators • Moscow • Nizhny Novgorod • Perm • Saint-Petersburg Centers for Innovation Centers for entrepreneurship entrepreneurship and Management and Business-incubators Business-incubators Chair programs Centers for Specific trainings Centers for entrepreneurship entrepreneurship and by various HSE and Business-incubators Business-incubators education units Promotion Coaching Selection Prototyping Education 30+ alumni startups New paid service is being developed HSE{Pro} Coaching program NEW 12 contracts for paid services HSE{10K} business competition Startup of the year – HSE Award Internet-based services testing Paid service is being developed > 15 programs, 2 international > 5000 participants a year Networking > 50 specific events, incl. HSE{Sun} – Summer school Community >10000 members >50 service partners 8 II III I Entrepreneurship fostering system HSE{10K} business competition • • • • • 6 years history 140 applications in May 2011 80 experts jury 12 finalists The Winner (Mobile DNA-diagnostics) 2nd prize at BIT-2011 (RU), 2nd prize at IBTEC-2011 (USA) • - winner of BIT 2011 ($200K) finalist of HSE{5K} in 2007 9 II III I Entrepreneurship fostering system Annual award “Startup of the year” Startup of the year 2011 Final Ceremony: December 8 • • • • Since 2008 92 nominees by 40+ partner organizations 50 experts jury 13 finalists in 5 nominations – – – – – Best Technology Best Start Global Startup Best Social Business Best Team 10 II III I Annual award “Startup of the year” Infrastructural Partners (Nominators) 11 Final remarks Next challenge: interconnection of these systems I. University-business cooperation II. Commercialization system III. Entrepreneurship fostering system Key risks: • Lack of time: complexity requires larger transition periods • Misunderstanding of scale and ratio between systems • Mistakes in making right offers 12 atyurina@hse.ru www.hse.ru