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Corporate Innovation

Monday, 31 August 2015 00:00

Traditionally, corporate innovation is done inside a company. That means that certain departments are dedicated towards finding solutions to current business related problems. On top of that often research is done in new, untapped fields in order to extend the scope of business and thus to expand to new markets.This could possibly result in an increase of market share and a competitive advantage. Exactly that is why firms are often keen to find innovative and industry disruptive solutions.

Currently, more and more companies rely on firms outside their direct business scope to handle innovational change for them. Critics of this method say often that in this way the research and solution finding process is not close enough. The outside firm has not the capability to truly grasp the company's culture and core values in order to create innovative solutions close to the heart of the firm. However, viewed from a different angle this can be seen as a positive aspect.

If innovation is only done within a firm, the current staff might be too entangled in the project that it might be challenging to achieve a rational and subjective assessment. Not only is often an outside view supportive, but the department might lack the necessary skills, experience and true entrepreneurial mindset to handle the execution properly.

Another reason is that it shows that products and services introduced by corporates are continuously decreasing in number*. Many industries are disrupted by energetic startups who tab into existing niche markets. That is also a reason why it is often very attractive for young talent to work at a startup and not at big corporations. They want to create something contemporary that has the power to change industries. Therefore, working together with external talent offering a fresh perspective, might just be the solution to achieve surprising results.

That is why Holland Startup believes in outsourcing business problems and corporate innovation. We therefore seek firms who want to try a different approach, in a staged investment setup, while providing if possible one employee, who serves as an entrepreneur in residence. 

The idea is that the company provides data and information regarding their problem that needs to be solved. Holland Startup then constructs a founding team and thus provides the necessary skill set to tackle the problem. Furthermore, the problem will be solved while setting up a startup that offers the solution, either just for the company itself or as a possibility to scale it further to other customers/firms. Holland Startup will further provide expertise, training and mentorship in order to encourage a fast and successful execution. The corporate working together with Holland Startup will have shares of the startup itself, the amount depending on the overall ownership structure most suitable. This offers the flexibility to be part of the building and solving process, thus controlling the execution, while letting experienced Venture Builders do the execution. This combination makes the process more efficient and less risky. That is why we are open to any firm wanting to work together with us and let us foster their innovation. Because that is what we are doing best.

* Source: Concurentie- en Innovatiemonitor, Erasmus Universiteit

Last Wednesday, Neelie Kroes visited Utrecht in order to see what the local startup scene has to offer. This was the moment to shine for one of Holland Startups' entrepreneurs who was selected to pitch his MVP to the Utrecht startup community.

 

Having been a European Commissioner for the last 10 years fostering a more open digital Europe including equal Internet access and abandoning roaming fees, it is time for the next step for Neelie Kroes. Turning 74 this July, retirement does not seem to be on the agenda for this hard-working women. Announced last winter, the next step is actually a new role that she will keep until Summer 2016. As covered by international startup news, Neelie Kroes is the special envoy for a Startup Ecosystem in the Netherlands by leading StartupDelta, head-quartered in Amsterdam. Titled the „West Coast of Europe“, the purpose of this initiative is to create a fertile ground for existing startups to grow, while it puts the Netherlands on the map for external startup talent.

 

Fostering Entrepreneurship

While StartupDelta focuses on the national collaboration and stimulation of innovation, StartupUtrecht was founded to nurture the local startup scene in Utrecht. Since both initiatives share common ground, Neelie Kroes decided to pay Utrecht a visit. That is why this Wednesday, UtrechtInc (the startup incubator of Utrecht University) hosted all StartupUtrecht founders, Neelie Kroes and Sigrid Johanisse, the Director of StartupDelta. This full-day event was build around the showcasting of Utrecht's finest startup talent and additionally to sign a letter of agreement between the collaborating parties.

 

 

Proud Member of Holland Startup

Heiko Packeiser, an entrepreneur in residence at Holland Startup, currently works on 'decoding any medical condition known to mankind' with his startup Sacoidoises.me. He was one of the privileged nine startups who were allowed to pitch and demonstrate their ideas directly to Neelie Kroes and Sigrid Johanisse. The hard work preparing for this day paid off: Heiko delivered an inspiring pitch that was beyond anyone's expectations. Not only Neelie seemed impressed by his research, but she was already considering how to scale Holland Startup to other Dutch cities. In the end, the name says it all: Holland Startup.

In order to unite the goals of all StartupUtrecht parties a covenant was signed by all twelve StartupUtrecht initiators, including Economic Board Utrecht, Dutch Game Garden and Holland Startup.

 

 

 

The Dutch Startup Ecosystem

After a typical Dutch lunch with sandwiches delivered from Bigoli (some claim they make the best in Utrecht), the second part of the day, was in the light of presentations and discussions. Following a heart-warming welcome speech by the mayor of Utrecht, Jan van Zanen, the discussion about the Dutch Startup Ecosystem was lead by him and Neelie Kroes. StartupDelta director Sigrid Johanisse took over the stage to inform the crowd at the Utrecht Science Park about the next phase to make the Dutch startup market one of the top three Europe-wide. Closing this successful day with a network 'borrel' included some of Netherlands finest finger food options, such as bitterballen and kaassouffle.

 

29.06.2015
Jana Rautenberg

 

StartupJuncture - Joffrey Mandersloot - March 25th, 2015

Robbert Jan Hanse en Maurice Bakker are on a mission. They want to transform ideas into startups and have started Holland Startup, which they claim to be the first Dutch venture builder.

It all started with a barbecueLogo Holland Startup Robbert Jan Hanse (founder of Spotney and E2Ma) and Maurice Bakker (founder of Planschade Instituut) met each other during a neighbourhood barbecue in the town of Houten, where they both live. They became friends and the plan for Holland Startup materialized a bit later. Hanse told Bakker about Bill Gross, who founded IdeaLab in 1996 and transformed 125 ideas into companies. Hanse wanted to do the same in The Netherlands. Bakker was convinced by Hanse’s enthusiasm and together they started the first Dutch venture builder. (It is worth noting that the University of Amsterdam tried to set up something similar in 2012 with StartupPush, but as far as we know their programme isn’t running anymore.)

A bunker filled with creativity

Bunker Holland StartupLocated in a former vicarage, adjacent to a church in the centre of Utrecht, Holland Startup’s headquarters don’t really feel like your average office building. There’s even a baptismal font still present in a corner of the main hallway. The real surprise can be found in the garden though: a bunker, a remainder from World War 2, lies like a huge sleeping tortoise between the vegetation. Its walls are more than two meters thick, and the ceiling is really low, but with ample space to sit it stimulates creativity and provides a perfect location for pitches, courses and startup events.

Commitment for life

We engage the execution for life.

 

Hanse is clear on the differences between incubators, accelerators, venture capitalists and Holland Startup. “Incubators facilitate and mentor, accelerators generate visibility and investors invest money. These are all very useful, but they are fragmented. The most important phase starts after the acceleration and investment phase. We provide support during the whole process.”Holland Startup provides:

  • The idea or business model
  • Management of the building process of the startup
  • Financing during the first 12 to 18 months
  • Help during follow-up rounds
  • Shared services, mentoring and entrepreneural guidance

If you want to know more about the way venture builders work, there’s a very readable article on VentureBeat covering this subject.All this gives the co-founders as much time as possible to work on their startup and enables them to focus on the product and their customers. The role of Holland Startup changes over time. Starting with a very hands on approach in the beginning, and evolving into strategic coaching after several years. Hanse: “We engage the execution for life.”

A venture builder

Holland Startup wants to build an average of five startups each year for the next five years. The building process started last year, with just one founder, Erik van Vulpen. Soon, Hanse and Bakker realized that two co-founders are a lot more efficient for building a startup, so they hired second a co-founder and together they founded Peeralyze, a social capital startup.SeedsAfter this ‘Beta-launch’, this year the programme goes full force ahead. Right now four graduates are contracted and talks are ongoing with twenty additional ones, so this July the programme will start with at least ten co-founders, resulting in five startups.

Working with graduates

Those ten co-founders are recruited at universities, because Holland Startup builds startups with teams of graduates. Hanse explains: “We want people who are smart, who want to work hard and who have a flexible attitude. Graduates fit those requirements perfectly. Graduates are eager to learn as well.”Bakker continues: “There are a lot of very smart people graduating from universities who are thinking about entrepreneurship, but don’t dare to take the first step. Or maybe they tried it once, maybe they failed, and we want to give them the opportunity to do it.”Students can still apply for a position as co-founder on F6S until 1 May 2015.

Unselfishness

We think of it as an unselfish way of providing something to the university.

 

Not all students arrive at Holland Startup by filling out an application form. Most people are meeting them through one of the many university programmes. Holland Startup provides two kinds of educational programmes at the University of Utrecht, together with the Utrecht Centre for Entrepreneurship. One is a short, very intensive programme that lasts one week and is organized four times each year, while the other is a full five-week business course programme.Lecture Holland StartupBakker: “We think of it as an unselfish way of providing something to the university.” He believes that unselfishness is what defines a startup ecosystem, something that is described by Brad Feld in his book ‘Startup Communities’. Bakker: “Get the university involved, get the government involved, get entrepreneurs and investors involved, let everyone join. Give something and take something. Someone who just takes without giving anything back, will not be tolerated by the system. Let it grow in an organic way.”To engage the Utrecht startup ecosystem, Hanse and Bakker, together with Founded in Holland, The Utrecht Centre for Entrepreneurship, StudentsInc and The Economic Board Utrecht, launched the website startuputrecht.comAnd on the 2nd of April the bunker in the garden will be hosting Bunk’d, which is an event for startup founders. Anyone interested in joining can apply here.

The small print

Unselfishness might be beneficial for the Utrecht startup ecosystem, but of course Holland Startup has to make money as well. Each startup that will be build, gives out shares. The co-founders get at least 35 percent of the shares, while external investors will get 40 percent. That leaves a maximum of 25 percent for Holland Startup. Hanse: “Accelerators like Rockstart get 8 percent of the shares and support startups for a period of three months. We get 25% of the shares and provide a commitment for life.”

Investment round

Up until now, Holland Startup has been bootstrapped. Currently they are running an investment round to accumulate 5 to 10 million euro from investors. According to Hanse, about 20 percent of that amount is already committed and talks with other investors are still running.Hanse on how to convince potential investors: “We convince investors by showing them our co-founder recruitment programme, the building process and our entrepreneurial experience. They believe in the process of us as venture builders.”

Why Utrecht?

Holland Startup_tableWhen asked why Holland Startup is located in Utrecht, Hanse and Bakker are clear:

  • Utrecht has one of the best universities in the field of entrepreneurship and innovation (top 10 in Europe)
  • A quarter of the population of Utrecht is a student
  • Half of the students are foreign students

Startup Delta

We hope incubators, accelerators and venture builders are willing to work together in the future.

 

Hanse and Bakker see Startup Delta, the startup programme lead by special envoy Neelie Kroes as a positive development. Hanse: “It is very good for the startup ecosystem in The Netherlands in general and provides a positive climate for entrepreneurship. Neelie opens doors that have never been opened, in the corporate world, as well as in the government.”Startup Delta provides a mere start though, and entrepreneurs should take action themselves as well. Bakker: “In The Netherlands the different incubators and accelerators see each other as competitors. We would like to see this change and hope incubators, accelerators and venture builders are willing to work together in the future, something that will be beneficial for the Dutch startup ecosystem.” 

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