PowerPoint Template Stakeholder Engagement in Startup Ecosystems ITU Regional Innovation Forum: Bridging the Digital Innovation Divide Fostering Digital Entrepreneurship and Startup Ecosystems David Shelters Oslo, Norway November 21, 2018 YOUR LOGO Page 2 Presentation Outline Personal Background & Research in the field Dictums of Startup Ecosystem Stakeholder Engagement Startup Players & Optimal Roles Stakeholder Collaborative Factors Avenues of Stakeholder Engagement 1 2 3 4 5 Concluding Remarks: Stakeholder Engagement6 YOUR LOGO Page 3 Entrepreneurial Experience Founder/Advisor/Corporate Lecturer/Speaker/Writer • Co-Founder, Board Adviser & Mentor to numerous tech startups in Amercia and SEA • Leading Community- Builder in Thailand • Advised several Incubators, Accelerators & CVCs • CSE Consultant • Corporate Banker, SunTrust Bank • Strategic Advisor, MBMG Group • Frequent Key Note Speaker, Moderator, Panelist & Pitch Judge at Tech events • Guest Lecturer at several of the leading Universities in Thailand • Finance for Geeks Workshop Series • Founder/Editor of 2 startup blogs • Authored 3 Startup books & numerous Funding Reports 20+ Years of Entrepreneurial Experience in America & SEA Organizations Served • Advisor/Speaker, ITU • National Expert & Global Jurist, World Summit Awards • Member of SME & ICT Committees, JFCCT • Advisor/Researcher for numerous orgs including World Bank, Seedstars World, Startup Grind, Global Startup Genome Project & Global Entrepreneurship Network YOUR LOGO Page 4 Norway Connections First Seed Forum in Thailand (Jan 21, 2014) Organized by Steinar Korsmo of Seed Forum Attended by Her Excellency Ambassador Katja CHR Nordgaard Collaborate with Thai-Norwegian Chamber Members on Joint Foreign Chambers of Commerce Thailand (JFCCT) Committee Meetings and Events Vibeke Lyssand Leirvag, Vice Chair of JFCCT 1 2 3 Wizard of App campaign launched February 2013 Dtac Accelerate Program established March 2014 Norway Active in Thailand Startup Ecosystem YOUR LOGO Page 5 Co-Founder & CFO of Ovalz Ovalz is an Information Supply Chain Management and Exchange Platform for smaller shippers and carriers. 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Availability of Vital Resources to Startups The focus of Ecosystem Building for all Stakeholders is to ensure that all three vital resources for startups (Financial, Relational and Knowledge-Based) are available from diverse and competing sources YOUR LOGO Page 11 The Six Stakeholders in a Startup Ecosystem Entrepreneurs Investors Startup Organizations Universities Corporate community 1 2 3 4 5 Government6 Optimal Roles YOUR LOGO Page 12 Startup Players Entrepreneurs Investors Primary Role is to Develop Innovations Assume the leadership role in building the local startup community Have regional and global ambitions Foster a “we are all in the same boat” spirit d’corps Establish both online and offline forums for mutual support and develop a community consciousness Establish an organized and unified voice for the community Promote the startup community as a whole Primary Role of Investors is to select those Investment-Grade ventures worthy of the support of all Stakeholders Provide sufficient investment capital for success Make Strategic Introductions Offer management expertise Insist on good governance Market-driven allocation of resources Trailblaze paths to Exit Opportunities Optimal Roles YOUR LOGO Page 13 Startup Players Startup Organizations Universities The Primary Role of Startup Organizations is too provide “no strings attached” resources that they particularly possess that are vital to startups in an impartial manner Provide access to global networks Disseminate best startup practices Organize Community-Building Events Primary Role is to produce a large local Innovative Talent Pool Establish Advanced Technology R&D Facilites Entrepreneurial Awareness Programs University Incubator Programs Monetize University Sponsored Research by partnering with local startups capable of commercializing it rather than licensing it out to an entity that often pigeon-holes the technology Optimal Roles YOUR LOGO Page 14 Startup Players Corporate Community Government Primary Role is to provide a sufficient runway for local startups to scale first domestically and then globally by allowing access to vast client base, IT infrastructure and distribution network Startups are not your competitors they are a means to enhance your competitiveness Devise a Corproate Startup Engagement (CSE) Strategy Provide industry and management expertise Ensure startup interests adequately represented in Buisness Chambers The Primary Role of Government is to get out of the way by creating a favorable regulatory and business environment for cash-starved entrepreneurs Offer Incentives for startups in all funding stages and all supporting stakeholders (i.e. IV Proposal) Public Funding not to compete with Private Funding Avoid the use of vanity metrics Quality over Quantity of Startups Public Incubators with appropriate KPIs Optimal Roles YOUR LOGO Page 15 Stakeholder Collaborative Factors Decision-Making Processes Resources Alignment of Interests Risk Tolerance Empathy YOUR LOGO Page 16 Avenues of Engagement Engagement with other Stakeholders and the startup ecosystem as a whole needs to be approached in the following manners: Strategic- Considering one’s strategic self-interests and Resources that can be contributed Opportunistic- Collaborative Opportunties often present themselves unexpectantly, assume many forms and on varied scales Pro-Active- Become a lead organizer, actively seek and actively participate in collaborative events and entities Entrepreneurs Startup Organizations Universities Investors Corporations Government Strategic, Opportunistic & Pro-Active YOUR LOGO Page 17 Concluding Remarks: Stakeholder Engagement The objective is for all stakeholders to leverage the innovations of local startups to enhance the global competitiveness of the entire economy Each of the Six Startup Ecosystem Players have Optimal Roles Mutual Empathy among Stakeholders is required for effective collaboration Be Strategic, Opportunisitic & Pro-Active regarding Stakeholder Engagement 1 2 3 4 5 The Focus is ensuring the availability of the three vital Resources required of Entrepreneurs- Financial, Relational and Knowledge- Based.
Score: 1341578.2 - https://www.itu.int/en/ITU-D/R...0in%20Startup%20Ecosystems.pdf
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