“Entrepreneurs Change The
World!”
Emprendedor XXI
Madrid Launchpad 2009
Professor Alan Barrell – Entrepreneur in
Residence – Cambridge University Centre for
Entrepreneurial Learning
A Preview
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Eye on The World and the Financial Crisis
Heroes – Large and Smaller
Are Entrepreneurs Different ?
Being an Entrepreneur
And then there is Technology – Wow !
The International Dimension
Networks, Networks, Networks !
Show Me the Money $$!
Messages for Missionaries
Casting an Eye on the World’s
Financial Crisis – What’s changed ?
Who said these words and When
“I believe the banking institutions are more
dangerous to our liberties than standing
armies. If the American people ever allow
private banks to control the issue of their
currency, first by inflation, then by deflation,
the banks and corporations that will grow up
around the banks will deprive the people of all
property until their children wake up
homeless on the continent their fathers
conquered”
Who said these words and When
“I believe the banking institutions are more
dangerous to our liberties than standing
armies. If the American people ever allow
private banks to control the issue of their
currency, first by inflation, then by deflation,
the banks and corporations that will grow up
around the banks will deprive the people of all
property until their children wake up
homeless on the continent their fathers
conquered”
Thomas Jefferson 1778
And what about these…
“The budget should be balanced, the Treasury
should be replenished, Public debt should be
reduced, the arrogance of officialdom should
be tempered and controlled, and the
assistance to foreign lands should be
curtailed, lest our Nation become bankrupt.
People must again learn to work, instead of
living on public assistance”
And what about these…
“The budget should be balanced, the Treasury
should be replenished, Public debt should be
reduced, the arrogance of officialdom should
be tempered and controlled, and the
assistance to foreign lands should be
curtailed, lest our Nation become bankrupt.
People must again learn to work, instead of
living on public assistance”
Marcus Cicero 55 BC
Situations are what WE make them !....
It was the best of times, it was the worst of times….
It was the age of wisdom, it was the age of foolishness..
It was the epoch of belief, it was the epoch of incredulity
It was the season of Light, it was the season of
Darkness
It was the spring of hope, it was the winter of despair….
We had everything before us, we had nothing before us
We were all going direct to heaven, we were all going
direct to “the other place”
Charles Dickens – “A Tale of two Cities” 1859
Global Financial Crisis - How did one survive….
before affluence became commonplace?....
But - think Boom ….not Gloom….
many successful businesses started in
recessions….
“I started the Cobra Beer Company in a deep
Recession – and it proved to be the best time
for me….introducing something innovative
and exciting changed the way people thought
about Indian Food and Beer”
Lord Karan Bilimoria
Founder – Cobra Beer
Timing can be everything….
Is the time right to make the Entrepreneurial
move?....
“There is nothing more powerful than
an Idea whose time has come……”
Jules Verne
This strange looking team also started in a
recession….but got their timing right
And in 30 years, became a powerful engine
of Growth, Change and Innovation – their
ideas changed the World….
Microsoft Corporation, 1978
But the eye on the World shows lots of
changes….its not just the finances….
The Changing Horizon
Organisations
Technology
Environment
Issues
The death of
deference
Globalisation
New employment
patterns
Changes in Industrial Structure - UK
% of Total Employment - UK Government Foresight Report
100
90
80
70
60
50
40
30
Manufacturing
All Services
20
10
0
1971
1981
1991
2001
2011
Changes in Industrial Structure - Europe
% of Total Employment
100
90
80
70
60
50
40
30
Manufacturing
All Services
20
10
0
1971
1981
1991
2001
2011
Global Dynamics – Manufacturing has
Migrated
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Two fifths of the Worlds people
live in the two fastest growing
large economies – China and
India
Education, Wealth Creation and
New Knowledge are at the heart
of Economic Planning in Asia
Growth in Asia is far ahead of
Europe.
Dynamic Growth in Manufacturing
Base
CASH is in place in the Asian
economies – as well as
brainpower- China has US$ 2
Trillions of reserves
Labour and Material cost
advantages +++++
Sources of
Competitiveness
Learning
Creativity
Speed
Cost
Information
Risk
Reputation
Values
Wherever Competition comes from….things
can change fast – Today’s Peacock can be
Tomorrow’s Feather Duster !
And then there is Technology - Impact of the
Continuous Technology Revolution
Compared to an average DAY in 2003….
1971
All international phone calls
1975
All airline passengers
1984
All mobile phones
1992
All emails
1998
Source: Analysys, World Bank and ITU
All SMS
And Technologies are working together Three Pervasive and Converging Technology
Platforms
BIO TECH
Pharmaceuticals
Diagnostics
Research/Info
Tools
Industrial
Genomics
Bioinformatics
Proteomics
Biosensors
Bioelectronics Biochips
Microfluidics
Nanobiotechnology
Drug Delivery
INFO TECH
Hardware
Software
Communications
Nanodevices
Nanosensors
Nanoelectronics
NANO TECH
Electrical
Structural
Biomedical
Energy & Environment
What about those HEROES ? Where
shall we begin?
A Spanish Business Angel….
Who helped our Hero Christopher
An Imaginitive Hero….
Einstein on IMAGINATION….
“Imagination is more important than
knowledge. Knowledge is limited.
Imagination encircles the world”
Albert Einstein 1879 - 1955
Pericles – “First Citizen of Athens” – Soldier,
Thinker, Leader, “Culture, Beauty, Glory”
Aristotle – Plato – “Before their time –
Thinkers, Philosophers, Leaders”
Confucius and “imagining the
middle way”….
Francisco Pizarro
Pedro de Valdivia - founding of Santiago de Chile
Mr Tan Kah
Kee
Hero of
Xiamen
University
A more recent Chinese Hero
“To get rich is
GLORIOUS”
Deng Xiaoping 1982
A REAL Hero….he changed the
WORLD ! From a prison cell
A Hero’s Home for 18 Years….Could
WE have survived it ?
Heroes can show Humility
“Be the
Change you
want to see in
the World”
Mahatma
Ghandi
Innovators can be Heroes
unexpectedly….
Who gave us the Worldwide Web – The
Internet ? It was as recently as 1992….
An Idea that became a Reality and
changed the World….
Why did he make his Innovation?.....
So - thinking of Imagination….What’s
different about Entrepreneurs ?
“You look at things
and ask - why?
but I dream of
things that never
were and ask why not?”
George Bernard Shaw
Europe’s Entrepreneurial Imperitive –
Josef Schumpeter - 1911
“Entrepreneurs blow gales
of creative destruction.”
Role of the entrepreneur in transforming economies by
developing:
 New products
 New methods of production
 New ways of organizing
 Untapped raw materials
 Enhanced competitive performance
Being an Entrepreneur means
being different and bringing change
The drivers for change….SocioPolitical….Entrepreneurial Influence ??....
(Prof Shai Vyakarnam – Cambridge 2008)
India
Berlin Wall
Hasselhof
China
Completely new markets
Migrations
Within and into
Europe
Is there a shift in
economic centre of
gravity?
Single
Economic system
More examples….Entrepreneurship
and People / Society
Making a united Europe a reality
Transforming lives of
the poor
Democratising
knowledge –
“Education
Without Borders”
– “Liberate
Minds”
Creating
breakthrough
technology
enterprises
Familiar Face….
As a younger man - Charles Darwin – “Natural
Selection Adaptability and Survival” Darwin’s
Bicentenary this year. A “Naturalist Entrepreneur”
Darwin’s Theories -Natural Selection,
Adaptation, Symbiosis Synergy and Service
Delivery
What works for
meat ants and
leaf hoppers
Can be true
for
Companies
and
Business
Models?
Proximity of Learning, Research and
Practical Application
“The Innovation Campus”
R&D
Education
Applications
Where open innovation new ideas and new
companies can thrive
Can we complete the Jig Saw - by
putting technology to work
Customer
need
Technology
Innovative
service
company
Completing the Jigsaw – Service
Delivery Innovation Business Model
Technology
Innovative
service
company
Creating a Business
Opportunity by finding and
alleviating a pain –
developing innovative
services or designs –
Entrepreneurs at work!
Customer
need
Technology and Service Companies and Synergy –
Open Innovation and the “Innovation Campus”
HEALTH
Medical
services
Bio-informatics
Telecoms
INFORMATION and
COMMUNICATIONS
TECHNOLOGY
Medical devices and
scientific instruments
Networking
Computing
Bio-pharmaceuticals
University/ Research Institutes
Wireless
Inkjet printing
Medical
research
Sound &
vision
Technology Consulting
Publishing
Basic Research
KNOWLEDGE
CREATION
Education
Entrepreneurial Overlap – “Joined Up Thinking and
Actions” – Coherence and Common Purpose in
Communities
EDUCATION
&
RESEARCH
including Universities
INDUSTRY
&
BUSINESS
GOVERNMENT
National & Local
Funding Innovative Companies – “Show me
the Money $$$$!”
“Our Money”
And there
are Grants
and Tax
Credits
Family and Friends and Fools
Risk
Business Angels
Seed Funds
Early Stage VC
Expansion Capital
Pre-IPO
Maturity
B
A
N
K
F
I
N
A
N
C
E
??
“How do we get to the money ? Where is
the $$$$ trail ?” Connecting and Information
Points and Principles
 Networks and Networking – importance +++++
 Business Schools and Entrepreneurship Centres Region
wide and cross border
 Other Entrepreneurs / Support and Mentoring Structures
 Online Channels – numerous eg…. www.funded.com
 “Network Nodes” – Individual referrals
 Cross Border contacts
 Attitudes and Culture
 France and it’s Wealth Tax….Thank you M. Sarkosy !
 Is our presentation material aimed at the investors ?
 Have we studied the investors criteria ?
Show me the MONEY! – So maybe we can we find
investors hanging out here?....
The Early Stage Business Balance – what do
investors look for? In ANY innovative
company ? – Entrepreneurs take note….
Inspired
Leadership
Creativity
Enthusiasm
Bullshit
Courage
Vision
Optimism
Management
Research &
Analysis
Caution
Process
Market
Knowledge
Financial Control
And they like to see experienced Chairman and
Directors - Mentors for Innovative Companies
Best Wishes to
all Emprendedors
in Spain from
your friends in
Cambridge !
11th Year 2009
WELCOME – to All
who will attend!
Messages for Missionaries and
Emprendedors
IMAGINE AND HAVE VISION
CREATE
INNOVATE
INVENT
“WORLDTHINK” – GLOBAL VIEW
ACQUIRE KNOWLEDGE
PLAN AND PRACTICE
NETWORK! NETWORK!
INSPIRE OTHERS
TRUST AND RESPECT
ENJOY!
In Pursuit of Excellence !
“Excellence can be achieved, if we:
Care more than others think is wise,
Risk more than others think is safe,
Dream more than others think is practical,
Expect more than others think is possible.”
Deborah Johnson-Ross
Maybe Entrepreneurs think this way?....Innovative Service
Companies need to if they are to Excel….
Thank you for your attention….
More on my website –
www.alanbarrell.com
E-mail – alan@alanbarrell.com