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[www.ostina.org]
Start your R&D Business in Austria
Workshop & Dinner Reception
April 2011
Washington Chicago Pittsburgh
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Invest in an Industrialized Country
Source: OECD, Eurostat
Production sectors as percentage of GDP, 2009
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Profit from Highly Productive Employees
Source: World Competitiveness Yearbook 2010
Productivity and efficiency, maximum = 100
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Business-oriented training for your sustainable corporate success
! Dual educational system ! Vocational schools (e.g. HAK, HTL)
! Academies of applied sciences ! Foreign language competencies ! Largest University of Economics in the
EU
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Austria‘s R&D expenditures grow above average
Germany Austria
EU-27 (25)
Source: Eurostat
* Forecast 2010
2,76 *
As percentage of GDP
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R&D share of GDP
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Innovation Union Scoreboard 2010
Source: Innovation Union Scoreboard 2010, Eurostat, data for 2009
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Slide8
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Inno-Check
A&B Center Instruments
Feasibility Study Start Up Initiative
CallslikeEnergy 2020
PreSeed SeedFinancing
Double Equity
Guarantee Instruments
Grant
Grant
Grant
Grant
Grant
Direct (soft) loans
Direct (soft) loans
Guarantees
Guarantees
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date employment / function achievement
2010 Founder introduced new technology identified market; ! 200,000
2009 Hightech Incubator Tech2b, Linz + AWS Pre-Seed
raised 2 x ! 100,000
Feb. 2008 - Borealis, Linz Project Manager Asset & Innovation Projects
Sept.2007 Norner, Norway Biological oxidation of methane to methanol
2004 – 2007 Borealis, Norway Inventor ”Borstar by Benchscale” Innovation King of 2005
2002 – 2004 University of California, Berkeley, USA Postdoc, Schroedinger Fellow
carbon hydrogen activation
2002 University of Innsbruck PhD Chemistry, 5 patents (with BASF)
July 18, 1974 Birth Place - Salzburg
Alexander Krajete, PhD
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Idea – Undiscovered Opportunity ! Methanogenesis
Metabolism of ”Kingdom of Archaea” (1977) Extremophiles (deep sea ocean, volcanos) origin of life, 4 billion years old specialized in CO2 and H2
“The highest theoretical conversion includes 69 tons CO2 and 12.5 tons H2
per hour in only 100 m3.” Archaea are fast !
CO2 + 4 H2 ! CH4 + 2 H2O - 130 kJ/mol carbon hydrogen methane water
dioxide
Methanogenesis: mild, selective & robust
!Missing process is undiscovered opportunity!
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Evolution of an Idea ... 2007 April Idea (!!!) / Porsgrunn, Norway
May – December unsuccessful attempts to raise funding
2008 February back to Austria
February – April unsuccessful attempts to raise funding
October contact to Tech2b
2009 January ! 100,000; Tech2b
March - April engineering partner, VTU
May - July basic engineering
July ! 100,000; AWS
July - September negotiations TU Vienna
October start process development TU Vienna
November transfer microorganisms
December first results
Linz
Wien
Porsgrunn
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- 3 Years - 2 Years 0 = Company Formation
Up to 2-3 Years – Market Entry
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Austrian Promotion Bank
Pre-Seed
• Definition phase
• Technical feasibility on a laboratory level
• Market and IP check
• Up to ! 200,000 grant
Seed Financing
• Start-Up company
• Technology on a prototype level
• First steps into the market
• Soft loan of up to ! 1 Mio.
Double Equity
• BA or VC Investment
• Product ready to sell
• Market development
• 100% guarantee for a bancarian loan
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Early Stage
• Bridge
• Innovation check
• Feasibility study
Start-Up
FFG Start-Up Initiative
• Project volume up to 2 Mio.
• FFG contribution up to 70%
• 50% loan • 20% grant
• Start of payback after 5 years
• Open to all technological fields
Specific Calls
Actual Calls:
• ENERGY 2020
• Up to 80% grant
• NANO • Up to 60% grant
• FIT - IT
• Up to 100%
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The start-up package for your successful business 1. Professional coaching, expert finance feedback 2. Coaching during establishment and development of your business 3. Education and training in business-relevant special areas 4. Coaching during the elaboration of a business model 5. Installation of a technical-commercial advisory board
Financial support: interest-free, comprehensive, optimal 1. Interest-free founder loan (! 1,500 / month / person) 2. Optimal payback conditions 3. Subsidies for material, outsourced R&D services, operating expenses for
the production of the prototype and connected costs 4. Active support for the continued financing of your business
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Infrastructure: office, technical facilities, research 1. Modern office workplace 2. Technical infrastructure (mechatronic offices in the techCenter Linz & Workshop (techlab) 3. Research infrastructure and laboratories at universities and university colleges 4. Founders library, software tools (CAD …)
Network: experts, mentors, investors 1. Completion of the management team by start-up partners, business mentors, experts (finance, controlling, sales, …) 2. Support in contacting business angels, funding authorities, venture capital etc.
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Incubator in Russia
• Penza Tomsk • NizhnyjNovgorod • Khanty-Mansiysk • Moscow • Tomsk • Samara • St. Petersburg • Orenburg • Leninogorsk
Incubator in Serbia
• Subotica • Senta • Novi Sad • Zrenjanin
A&B Co-Operation Network w w w . o s t i n a . o r g
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Cutting Edge Technology – From Idea to Implementation & Application
Lab Reactor, TU Vienna Pilot Reactor, TU Vienna 1.5 kW, 10 L 0.15 kW, 1 L
Out:
Methane
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In:
CO2, H2
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Competitive Advantage - Speed
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Fuel (0.1 kg/m3 x h)
CO2
Bypass = Speed (15 – 100 kg Fuel/m3 x h) Pilot Reactor
4 th Generation Biofuels
SLOW
FAST
Patents 1. Process / Methanogenesis 2. Process for Power Storage
Slide22
Business Model & Products
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Products 1, 2, 5, 6: Demonstration Plants (2010 – 2012) larger scale (200 L – 1000 L) process integration preparation for commercial roll out
Products 1 - 6:
Integrated Plants + Licensing + Royalties (2013 – 2030) community applications (power + fuel)
household applications (power + fuel)
R&D Patents (IPR)
Reactor Design Product 1 = Engineering
Reactor Installation Product 2 = Reactor Product 3 = License Product 4 = Royalty
After Sales Product 5 = Spare Parts Product 6 = Biology
Full Technology Provider for Biological Power Storage as Natural Gas
power hydrogen
(3 kWh/m3) natural gas (10 kWh/m3)
Slide23
Entrepreneurship – A Journey 2007 April Idea, Porsgrunn, Norway
2008 October contact to Tech2b
2009 January ! 100,000; Tech2b (50% grant)
July ! 100,000; AWS (100% grant)
October Start Process Development at TU Vienna, Austria
2010 February PhD 1, reactor 1, 100 mmol/l x h, 70% methane
March PhD 2, reactor 2 + 86% methane
September process stability over 1,000 hours, conference presentation
April - October Business Development with Tech2b (Italy, Austria, Germany, Russia)
December ! 200,000; FFG (80% grant)
2011 January 700 mmol/l x h, WFES Abu Dhabi
February IPR protection, California Roadshow
April East Coast, USA, investor discussions – pilot plant
Linz
Vienna
Porsgrunn
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Tech2b, AWS, FFG – Pillars of Business R&D
! 200,000 FFG, 12/2010
! 100,000 AWS, 7/2009
! 100,000 Tech2b, 1/2009
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Angel Investment Club Austria
• Venture and Business Angel Lounge 4-5 times per year
• Preparation of the teams by: • Optimizing presentation for investors • Definition of businesscase and preparing for FAQ • Pitch training
• AICO Lounge: • Presentation of selected hightech companies out of the A&B Portfolio • Direct feed back from investors to entrepreneurs • Space for personal meetings • Coordination of further talks
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Co-Operation of tech2b with the IIH
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In Preparation: New Equity Instruments
• Technology fund –up to ! 1,500.000 (April 2011) • Life Science fund – up to ! 2,000.000 (October 2011) • Infrastructure: modern work place, lab space & equipment • Mentors offer permanent support • Funding assistance • Support with authorities • International network
www.tech2b.at
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Slide28
Contact Us
Austrian Business Agency Opernring 3 1010 Vienna, Austria Tel: +43-1-58858-0 E-Mail: [email protected] www.investinaustria.at
Academia plus Business Incubators Austria Markus Costabiei Hafenstraße 47-51 4020 Linz, Austria E-Mail: [email protected] www.aplusb.biz || www.tech2b.at || www.international-incubator.com
Michael Moll Prof. Dr. Stephan Koren-Straße 10 2700 Wiener Neustadt, Austria E-Mail: [email protected] www.accent.at
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Office of Science & Technology 3524 International Court, NW Washington, DC 20008 E-Mail: [email protected] www.ostina.org
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[www.ostina.org]
Start your R&D Business in Austria
Workshop & Dinner Reception
April 2011
Washington Chicago Pittsburgh