+

inRes 2014 Edition Very Early Stage Acceleration Program

Education, Research and Innovation Ecosystem

+Contents

n  CMU Portugal Program: An International Driver for Innovation

n  inRes 2014 Edition

n  Q&A

2

+Who the Program Is

Portuguese Universities

Portuguese Research

Institutions

Carnegie Mellon University

Faculty and Researchers

Companies

> 700 Members

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+What the Program Does

Portuguese Universities

Portuguese Research

Institutions

Carnegie Mellon University

Faculty and Researchers

Companies

Talent Development

Collaborative Research

Industry Partnership

Technology Entrepreneurship

Information and Communication

Technologies

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+Core Instruments

Talent Development • Dual Degree Graduate

Programs •  Internships in Top Companies •  Faculty Exchange Program • Distinguished Visitor Chairs

Joint Research and Commercialization •  Entrepreneurial Research

Initiatives (ERIs) •  Early Bird Projects (EBPs) •  inRes - Entrepreneurship in

Residence

Industry Affiliates •  ICT Forum

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+

inRes Very Early Stage Acceleration Program

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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

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

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+inRes: Goals

n  Very early stage acceleration program for entrepreneurial

teams working in Information and Communication

Technologies, in Portugal.

n  Aims at accelerating and strengthening the development of

startup projects.

n  Training in Portugal

n  Six-week Immersion in Pittsburgh and CMU, in the U.S.

Participating in inRes will be very intense and challenging!

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+inRes: Target

n  Entrepreneurial teams that:  

n  want to start a company and commercialize a technology; 

n  have proven technical feasibility of their product or service; 

n  have had enough initial interaction with their target markets

and industries, to have minimally consistent product or service

and business concepts; 

n  and are not yet established companies regularly selling their

products or services. 

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+Entrepreneurial & inRes Teams

Entrepreneurial Team

inRes Team

Fulltime

Ideally founders or/and leaders

Combine business and technology

Other Team Members

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+inRes: Preliminary Schedule

10

Application & Selection (Portugal)

Until April 30

Call

May, 19

Announce Results

Preparation Phase

(Portugal)

Week of June 2

Kick-off Meeting

Week of June 21

Product/Service Business

Week of July 14

Feedback and Iteration

Week of Sept. 8

Immersion Outlook and

Planning

Immersion Phase (U.S.)

Oct. to Nov.

Networking and Business development

Internship at Accelerator

Training Program

Closing Session

(Portugal)

Dec.

Pitching; Communication Skills

Practicalities

+inRes: Preparation in Portugal

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Preparation Phase (Portugal)

Week of June 2

Kick-off Meeting; Start Product/Service Tasks

Portuguese, CMU and PRA

Teams

Week of June 21

Product/Service Business

Tara Brandstad (CTTEC)

Dave Mawhinney

(CIE)

Week of July 14

Feedback and Iteration

Portuguese, CMU and PRA

Teams

Week of Sept. 8

Immersion Outlook and

Planning

Suzi Pegg (PRA)

Pitching; Communication Skills

Practicalities

+inRes: Immersion in the U.S.

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Immersion Phase (U.S.)

Oct. to Nov.

Networking and Business Development

Internship at Accelerator

Training Program

+inRes: Core Teams

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Suzi Pegg, Vice President of Global Marketing, Pittsburgh Regional Alliance (PRA)

Dave Mawhinney, Co-Director,   CMU Center for Innovation and Entrepreneurship (CIE) Co-Director, Carnegie Mellon Center for Innovation and Entrepreneurship

Tara Branstad, Associate Director, CMU Center for Technology Transfer and Enterprise Creation (CTTEC)

João Claro, National Director, CMU Portugal Program Heads the Innovation and Technology Transfer Unit at INESC Porto, and heads the Entrepreneurship and Innovation academic area, at Porto Business School

+inRes: Mentors

n  For the immersion period, each inRes team is assigned at least one mentor, who will help the team progress, mostly within the streams of work concerned with networking and business development, and the accelerator internship.

n  Mentors do not manage the teams, make decisions for them, or perform the work that they are expected to carry out.

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+inRes: Why CMU and Pittsburgh?

n  The exposure to CMU’s innovation ecosystem, stimulating and enabling top talent to generate and pursue groundbreaking ideas, and transform them into viable businesses, has been crucial in this process.

n  In 2013, faculty and students at CMU launched a record number of 36 new companies.

n  CMU's main campus is located in Pittsburgh, the second-largest city in the U.S. Commonwealth of Pennsylvania.

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+inRes: Deliverables

n  The work is supported by a set of tools and deliverables, converging at the end of the initiative into: n  a group report on collectively learned lessons;

n  and team reports containing:

n  the current understanding of product/service and business concepts;

n  contacts developed and their role in the future of the startup;

n  a profile of the team’s managerial capabilities;

n  the identification of aspects to be developed in the future.

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+inRes: Support

n  There are no fees for participation in any of the activities of the inRes initiative.

n  For the immersion period in Pittsburgh, in the U.S., the CMU Portugal Program expects to provide support for the plane trips between Portugal and Pittsburgh, and an International Master-Level Mobility Grant, for each inRes team member, to cover living expenses.

n  The participants will incur all other expenses in Portugal and in the United States.

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+inRes: Eligibility and Application

n  Eligibility: n  Portuguese citizens or citizens of other countries who hold permanent

resident status in Portugal, holding a master degree, are eligible to apply to inRes.

n  Only projects that are not yet established regularly selling products/services may apply.

n  The application form will identify and describe (in English): n  the entrepreneurial team and the two members that will participate

in inRes; n  the endorsers (support letters); n  the technology, product/service, market, and business model; n  the development stage and path to market.

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+Key Dates

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Deadline to Submit Applications

April 30, 2014

In-person Interviews May 1 to 15, 2014

Results Announcement May 19, 2014

Training in Portugal June to September, 2014

Immersion in the U.S. October and November, 2014

Final Public Session December, 2014

+ n  Participating in inRes will be very intense, challenging and worthy!

n  inRes pushes teams past their comfort zone, requiring them to work at a steep pace, in uncertain settings, and reaching out for contacts to further build and validate their business project.

inRes Very Early Stage Acceleration Program

Applications are open until April 30, 2014!

www.cmuportugal.org inRes@cmuportugal.org

§  Training in Portugal §  Six-week Immersion in

Pittsburgh and CMU, in the U.S.