2015 Edition of inRes by the CMU Portugal Program

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2015 Edition of inRes Very Early Stage Acceleration Program

Tra in ing in Po r t ug a l fo l l owe d by a t wo -m ont h im m e r s ion in t he US

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Carnegie Mellon Portugal Program

Pioneer in the development of collaboration and partnership models

Mission: Create new knowledge in key focused areas of information and communications technologies by means of cutting-edge research, world-class graduate education, and a close connection with Portuguese Industry, thus placing Portugal at the forefront of Science and Innovation.

Strategic Areas:

Knowledge Creation Talent Development

Partners: Research Institutions

Portuguese Universities

Public Organizations and Companies Carnegie Mellon

University

Innovation

Instruments:

inRes

Dual Degree

Programs

Faculty Exchange Program

Entrepreneurial Research Initiatives

Early Bird

Projects

Undergraduate Internships

Program

Industry Affiliates Program

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Vibrant Ecosystem Education, Research and Innovation

Education

~300 Dual

Degree Students

> 200 Alumni

> 400 Faculty

Members

~60 Faculty

Exchanges from

Portugal to CMU

Research

10 Early Bird Projects

Innovation

Creation of 10 Startups

9 Portuguese

inRes Teams

20 Undergraduate

Internship Members

25 Collaborative

Projects

6 Entrepreneurial

Research Initiatives

Impact in >90 Organizations

A var iety of forms and purposes for co l laborat ion

4

2015 Edition of inRes: Partners

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Early stage high-tech new ventures, in particular academic spin-offs, led by less experienced entrepreneurs, often have human and social capital gaps.

Entrepreneurial teams in these contexts often lack:

specific competences for the management of early stage technology businesses

mentoring and contacts with potential advisors contacts with potential customers,

partners, industry experts, and funding

As a consequence, they may develop more slowly and with inferior performance

2015 Edit ion of inRes

Problem Addressed

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•  inRes seeks to address these hurdles by prov id ing inRes teams a t ra in ing per iod in Por tugal , fo l lowed by a two-month st ructured immers ion per iod in P i t tsburgh, in the U.S . , anchored at Carnegie Mel lon Univers i ty (CMU) .

•  inRes teams wi l l benef i t of an env i ronment wi th a h igh densi ty of wor ld - leading

research groups, as wel l as market and industr y specia l is ts , in a var iety of h igh-tech areas.

•  Princ ip les of Steve Blank’s Lean LaunchPad Methodology

•  inRes is a natural s tep for the CMU Por tugal Program. S ince i ts incept ion, and through i ts mult ip le in i t iat ives in educat ion, research and innovat ion, the Program has d i rect ly contr ibuted to the creat ion of 10 star tups.


Approach

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Structure

Application & Selection (Portugal)

Until May 8

Call

June 19

Announce Results

Preparation Phase

(Portugal)

Week of June 22

Week of July 13

Week of July 27

Week of Aug. 31

Immersion Phase (U.S.)

Sept. to Nov.

Networking and Business development

Internship at Accelerator

Training Program

Closing Session

(Portugal)

Dec.

(Tentative)

Program Overview Customer Development Operations & Partners Art of Pitching Value Proposition Venture Deals Strategic Assessment Market Research CMU Ecosystem

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Networking and business development

Mentor Iterate product/service and business concepts Develop contacts Engage advisors

Internship at accelerator

Work side by side with other startups

Share challenges and approaches

Training program

Workshops and seminars in managerial development

Periodic meetings with mentors and faculty

members

n  pitching n  customer development n  managing technology n  hiring and developing a team n  personal management

n  executing and selling n  budgeting and funding n  building and leading a board n  venture deals

2015 Edit ion of inRes Streams of Work

¡  Aspects of manager ia l development

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inRes Teams Profile

§  a strong and committed team, capable of taking advantage of an immersion period in the US;

§  an ICT-based product/service, with proven technical feasibil ity, a clear value proposition, and a clear competitive advantage;

§  a product/service that caters to a strong need, in a large market, with a favorable competitive position;

§  a realistic path to market; §  a reasonable level of initial interactions with target markets and industries, and

minimally consistent product/service and business concepts; §  projects that are not yet established regularly selling products/services.

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¡  The inRes Program del ivers : §  Valuable international networking opportunities §  Advanced training in high-tech startup management §  The opportunity to work side by side with CMU entrepreneurs

¡  The inRes Program wi l l he lp your team to : §  Critically evaluate and sharpen the fundamentals of your business idea §  Learn from successful technology entrepreneurs §  Learn from experts in your technology, market, industry §  Develop your entrepreneurial management skills §  Address challenges in your development path §  Network and share problems and solutions with peers


Overview

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•  A g loba l research un iver s i ty w i th more than 1 2,500 s tudents .

•  In ternat iona l l y ranked research un iver s i t y w i th programs in areas rang ing f rom sc ience , techno logy and bus iness , to pub l ic po l i cy, the humani t ies and the ar ts .

•  19 Nobel Laureates in f i ve o f the s ix categor ies . www.cmu.edu

Campuses: PITTSBURGH, SILICON VALLEY, QATAR Degree-granting programs: AFRICA, ASIA, AUSTRALIA, EUROPE AND LATIN AMERICA Alumni: 98,000 IN NEARLY 130 COUNTRIES


Carnegie Mellon University

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Carnegie Mellon University ¡  C arne g ie M e l lo n U n i ve r s i t y h as qu ic k l y be c o m e o ne o f t h e f as te s t g row ing e n t re p re ne ur ia l

un i ve r s i t i e s in t he Un i te d S t a te s : §  Rank s f i r s t am ong t he As s oc ia t ion o f Am e r i can Un i ve r s i t i e s ( AAU) s c hoo ls in t he num be r o f

s t a r t ups pe r re s e arc h do l la r. ( ana l y s i s o f t h e f i ve - ye ar A s s o c ia t io n o f U n i ve r s i t y Te c h no lo g y Manage r s da t a 0 8 -1 2 ) .

§  H e lpe d to g re e n l ig h t m ore t h an 1 ,0 0 0 com pan ie s ac ros s indus t r ie s s uc h as robot i cs , s o f t ware app l i c a t io ns , e ne rg y, h e a l t h c a re and f inanc e .

§  I n 2 01 3 C MU’s award -w inn ing p ro fe s s o r s and s t ude nt s p roduce d a re co rd num be r o f 3 6 new compan ie s .

¡  C M U ' s m a in c am pus i s l o c a te d in P i t t s burg h , t h e s e c o nd - la rg e s t c i t y i n t h e U . S . C o m m o nwe a l t h o f Pe nnsy l van ia .

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2015 Edit ion of inRes The inRes Network

Guest Speakers of the 2014 Edition of inRes

Core Experts

Paulo Marques, Feedzai

Rogério Carapuça, Novabase

Pedro Guedes Oliveira, FEUP

Mário Zenha Rela, Dognaedis & RedLight

Vasco Pedro, Unbabel

Nikhil Balram, Ricoh Innovations

João Claro, CMU Portugal Program

Dave Mawhinney, CIE-CMU

Tara Branstad, CTTEC - CMU

Reed McManigle, CTTEC - CMU

Suzi Pegg, Pittsburgh Regional Alliance

Successful entrepreneurs, organization leaders

Among others

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2015 Edit ion of inRes Key Dates

April 8 - May 8, 2015 Call for Applications

June 1-12, 2015 Selection Process with In-person Interviews

June 19, 2015 Announcement of the Results

June to Sept., 2015 Training in Portugal

Sept. 21 - Nov. 6, 2015

Immersion in Pittsburgh

Nov. – Dec., 2015 Follow-up Meetings Closing Session

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¡  Organized by: §  CMU Portugal Program

¡  In par tnership with: §  Carnegie Mellon University (through CIE and CTTEC) §  Pittsburgh Regional Alliance §  UTEN Portugal Program §  INESC TEC

¡  Funded by: ¡  Fundação para a Ciência e a Tecnologia


Partners

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Moments n  AddVol t , D isp l r, Fo l lowpr ice and Xhockware were

chosen through a compet i t i ve se lect ion process , wh ich inc luded a per sonal in ter v iew wi th each of the 14 teams that submit ted an app l icat ion .

n  Whi le in P i t tsburgh , the teams par t ic ipated on the Techstar s/Spr in t Acce lerator a t CMU; on the LaunchCMU Demo & Poster Sess ion ; on the Three R iver s Venture fa i r ; and at tended severa l workshops organized in the scope of the NSF I -Corps S i te a t CMU; among other s .

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inRes Alumni

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Are you star t ing a new business in ICT? Have you reached the stage where you have proven technical feasibi l i ty, had interaction with your target

industry, but have not yet reached regular sales?

If your answer to these questions is yes, we invite you to come and learn more about the 2015 Edit ion of inRes!

www.cmuportugal .org : : inres@cmuportugal .org

2015 Edit ion of inRes Very Early Stage Acceleration Program

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Carnegie Mellon Portugal Program

Pioneer in the development of collaboration and partnership models

Mission: Create new knowledge in key focused areas of information and communications technologies by means of cutting-edge research, world-class graduate education, and a close connection with Portuguese Industry, thus placing Portugal at the forefront of Science and Innovation.

Strategic Areas:

Knowledge Creation Talent Development

Partners: Research Institutions

Portuguese Universities

Public Organizations and Companies Carnegie Mellon

University

Innovation

Instruments:

inRes

Dual Degree

Programs

Faculty Exchange Program

Entrepreneurial Research Initiatives

Early Bird

Projects

Undergraduate Internships

Program

Industry Affiliates Program

Small Business & Entrepreneurship

2015 Edition of inRes by the CMU Portugal Program