Transcript Geen diatitel

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Albuquerque, New Mexico
Austin, Texas
Baden-Württemberg, Germany
Bangalore, India
Bavaria, Germany
Boston
Cambridge, England
Campinas, Brazil
Chicago
Dublin, Ireland
El Ghazala, Tunisia
Gauteng, South Africa
Glasgow-Edingburgh, Scotland
Helsinki
Hong Kong
Hsinchu, Taiwan
Inchon, South Korea
Israel
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Kuala Lumpur, Malaysia
Kyoto, Japan
London
Los Angeles
Malmö, Sweden-Copenhagen, Denmark
Melbourne, Australia
Montreal
New York City
Oulu, Finland
Paris
Queensland, Australia
Raleigh-Durham-Chapel Hill, North
Carolina
Salt Lake City, Utah
San Francisco
Santa Fe, New Mexico
São Paulo, Brazil
Saxony, Germany
Seattle
BRAINPOWER WEIGHS IN AND … MARKETING
PRODUCT
PRICE
Pentium III 800MHz microprocessor
Viagra (tablet)
Gold (ounce)
Hermès scarf
Palm V
Cigarettes (20)
Mercedes-Benz E-class four-door sedan
Chevrolet Cavalier four-door sedan
Hot-rolled steel (ton)
Potatoes
$851.00
$8.00
$301.70
$275.00
$449.00
$4.00
$78,445.00
$17,770.00
$370.00
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WEIGHT
in pounds
0.01984
0.00068
0.0625
0.14
0.26
0.04
4,134.00
2,630.00
2,000.00
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PRICE
per pound
$42,893.00
$11,766.00
$4,827.00
$1,964.29
$1,726.92
$100.00
$19.98
$6.76
$0.19
$0.13
Fortune, 22-03-2000
Martin Hinoul
April 2000
New Economy
vs Old Technology
 Value Added Scientific Expertise
 Critical Technology Changes
 New forms of Management
 Speed
 Role Models
 Brain Power (human capital)
 Value Creating Alliance Networks
Martin Hinoul
 ...
April 5, 2000
Characteristics for high technology
regions
The Cambridge Phenomenon
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Sources of Innovation
Availability of Funding
Excellence of Management
Global Marketing/Selling Skills
Healthy Fiscal & Cultural Environment
Indigenous growth vs Inward Investment
- a balance
source: Jim Martin, 3iGroup
MH/LRD/1APRIL99
THE EUROPEAN 20-26 JULY 1998:
Studie
• 1994  180 science parks
• 1998  300 science parks
Characteristics for high technology
regions
Silicon Valley
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Entrepreneurs with marketable ideas and products
Quality management teams
Universities and centres of academic excellence
Business angels and established seed funds
Supportive infrastructure
Access to capital markets
Affordable space for growing businesses
Attractive living environment and accommodation
Core of successful large companies
source: Gibbons - Stanford University 1998
MH/LRD/1APRIL99
Bij het begin
van het nieuwe millenium is
Silicon Valley
de nexus van kapitaal,
spitstechnologie en brainpower,
de intellectuele incubator van de
“digital race”.
M. Hinoul - Silicon Valley
 Silicon Valley? (5th decade)
 Biotech Valley? (3rd decade)
 Silicon Bio? (1st decade)
Martin Hinoul
K.U.Leuven
Research & Development
Regional economic development is a
complex, multidimensional
challenge.
MH/LRD/24nov 99
Four (4) forces shaping an economic community
1. New Globalism
Economy
2. Information Technology
3. Changing Demographics
Community
4. Political Devolution
MH/LRD/24nov 99
Clusters of Specialisation
Community
Economy
Competencies
Clusters
Sweepers
MH/LRD/24nov 99
 Creating a dynamic high-tech region is not a matter
of combining ingredients. It is one of building
institutions and relationships - both locally and
nationally - that support the development of innovative
enterprises … (Leuven.Inc)
 It is these relationships between the individuals,
firms, institutions in the region that matter - NOT their
simple presence.
 The important part is not just the ingredients, the
important part is the recipe for how the ingredients fit
together.
MH/LRD/24nov 99
Key community processes for the new economy
• Technology Innovation
• Workforce Education
• Business Creation
(early stage financing, entrepreneur support, culture)
• Global Trade
(specialised facilities, international networks)
• Physical Infrastructure and Planning
(transportation, infrastructure, advanced communication, housing)
• Regulation and Taxation
• Quality of Life
(recreation, culture, homes)
MH/LRD/24nov 99
Life at 1 billion transistors per chip
Moore’s law is not a law
of physics but it results
from the close interplay
between technology and
business.
Life at 100 giga (billion) bits per second
Gilder’s Law: Bandwith triples every year
• 1844
• 1876
• 1956
Scotland)
• 1983
• 1996
• 1997
5 bits per second
Morse
2000 bits per second
Graham Bell
1.152.000 bits per second
Transatlantic cable (Newfoundland 
45.000.000 bits per second
Charly KAO
Optical fibres
40.000.000.000 bits per second (40 giga)
2.5-gigabit fibers MCI
100.000.000.000 bits per second (100 giga)
Ciena
Apply “new tools” to
maintain and improve the
creativity and innovation of
scientists throughout the
R&D organization
Martin Hinoul
April 5, 2000
Efficient Managing
The University-Industry
technology Interface has
never been more
important than now
Martin Hinoul
April 5, 2000
Entrepreneurship, belief in
new ideas and their
valorization, belongs to the
most important strategic
advantages of the U.S.
Martin Hinoul
Martin Hinoul 22-03-2000
Start small.
Small successes are
the platforms for big
successes.
Source: Leading the revolution: Gary Hamel
THE GREATEST RISK
IS NOT TAKING ONE
All things are
possible attitude
Risk Taking
Co-competition
Scott McNealy - Sun
Stock options
Repeaters
(Reinvention)
Based on Meritocracy
CULTURE
Inflection Point
(Andy Grove)
Networking
Time for the next big thing
Cross-pollination
Cross-investments
State of mind
Jumping on the Next Curve
(Oracle)
Failure  Badge of Merit
Products & Services of the Century
Telefoon
Encyclopedia Brittanica
PC
Aspirine
TV
Boeing 707
Lego
GSM
Auto
Insuline
Antibiotica
Intel microprocessor
VCR
GPS
Microwave
DNA structuur
WWW
Prozac
De pil
Nylon
CD
Film
Fax
3M notes
The New Economy is a process of
creation and destruction
• 1768 Edinburg
• 1920 Overname
Sears Roebuck
•1990 650 million $
•2000 CD ROM 50 $
Destruction
• Film
• TV
• VCR
• Film
Destruction and creation
Creation of SmartMove, Septentrio, … smart cars
Creation of a Silicon-Biotech Industry (Celera, HGS, …)
Inflection versus jumping the next curve
Martin Hinoul
November 2000
Shareholder Return Versus
Innovative Behavior *
Total
Shareholder
Return
20
18
16
14
12
10
8
6
4
2
0
19,44
16,92
14,28
9,99
5,51
Bottom of
Innovative
Companies
* 500 companies
Middle Tier
Innovative Behavior
Top Tier
NOKIA HAS BECOME A SOURCE OF
THOROUGHLY INNOVATIVE PRODUCTS.
 Nokia Shareholder Returns vs Industry Average
1992-1998
Ja
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Ja
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Ja
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Ja
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nu
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Ja
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nu
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Ja
19
nu
96
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Ja
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97
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98
8000
7000
6000
5000
4000
3000
2000
1000
0
Nokia
Wireless
Industry
Average
Martin Hinoul
April 2000
In miljard dollar
BEURSKAPITALISATIE
OMZET
NETTOWINST
1 Microsoft
557,9
19,7
7,8
2 General Electric
537,1
111,6
10,7
3 Cisco
527,7
12,2
2,1
4 Intel
440,7
29,4
7,3
5 MTT Docomo
400,3
26,2
1,7
6 Vodafone Airtouch
336,2
5,4
1,0
7 Exxon Mobil
280,1
160,9
7,9
8 Deutsche Telecom
270,6
44,9
2,6
9 Nokia
266,1
19,8
2,6
10 Wall-Mart Stores
261,7
137,6
4,4
Trends, 6 april 2000
Martin Hinoul
April 2000
BEURSKAPITALISATIE
OMZET
NETTOWINST
(in miljard Euro)
(in miljoen Euro)
(in miljoen Euro)
UCB
5,47
1840
220
Bekaert
1,09
1800
80
Lernout & Hauspie
5,96
347
(42)
Ubizen
1,62
9
(4)
Trends, 6 april 2000
Martin Hinoul
April 2000
Evaluation Criteria
 People
 IP and other assets
 Business Model
 value added milestones
 what kind of revenues, when
 adaptable business plan
 $-aspect - financial engineering
Martin Hinoul
April 5, 2000
Agro
BIOTECH
ICT
Med. Devices
Pharma
NEW
MATERIALS
•Utimaco
•Eyetronics
•Ubizen
•ICOS
•Data4S
•OMP
•METALogic
•Data4S
•Algonomics
•Molecular
Logic
•Synes
•Option International
•LANT (X-planation)
BIO INFORMATICS
•Tigenix
•Falex
•Kime
•LMS
•Thrombo-Gene
•Materialise
•Metris
Sucess stories ! ?
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Oulu Technopolis - Finland
Tampere - Finland
Sophia Antipolis - France
Mjardevei Park - Denmark
Alba Centre - Scotland
Silicon Fen - Cambridge
Flanders - Belgium?
•Cargill
•Data4S
•KIME
•Amylum
•LMS International
•MEAC
•Raychem
• Frontier Design
•ISMC
•Heraeus-Sensornite
• ICOS Vision Systems
•Tigenix
•Mazak
•Memry Europe
•Ubizen
•Terumo
•Data Analysis Products
•Telinfo
•Honeywell
•Option International
•METRIS
•KRYPTON Electronic
Engineering
•OptiDrive
•Materialise
• FillFactory
•AnSem
•Symore
•Eyetronics
•Thromb-X
•Septentrio Satellite
Navigation
•Metis
•METALogic
• AnSem
•MEC
•I.M.O.-Leuven
•SmartMove
•ISW
•Hypervision
•SmartPen-LCI
•Synes
•Interpoint
•CoWare
•MCR
•Easics
•Falex Tribology
•ELiAS
•Target Compiler
Technologies
•AlgoNomics
•Utimaco Safeware Belgium
•TriconsultC
•LANT
•Easics
•Frontier Design
•Soltech
•Sirius Communications
•Matrix Europe
•JSR Electronics
“The biggest limitation we face is how fast we can
innovate. We’re constrained by how fast our brains
can work.”
Jerry Yang