Driving Innovation in Romania Olaf Lausen Cluj Innovation Days 19th March 2015 Business Development Telekom Romania Cosmin Ochisor Business Development Hub:raum When I think of innovation, I think of: 1 San Francisco Bay Area 2 Tel Aviv creative IT 3 New centers in Bangalore 2 Innovation in Tel Aviv • 1.1 trillion $ market cap in a 15 km radius alone • More than 5,000 start-ups in Tel Aviv • More than alone 1/3 of all Venture Capital • More than investments in the US15 bn. Euro in 70 exists in Israel, most in Tel Avivand • inexit 1/3 of India’s ITalone export • 100-150 bn.2014 $ in valuation outsourcing market • Israel has the highest Venture Capital confidence index,growing after themetropolis US • 2nd fastest in India • One of the highest living standards in India and in the Should I also think of Cluj? Why?region Cluj is a net contributor to the Romanian economy and society, partly through a high growth of the IT&C sector IT&C sector growth (2009=100) % 180 GDP per capita in 2013 (thousand Euro) +14% Cluj 160 140 120 National Average 100 0 2009 2010 2011 2012 2013 & 8.2 7.2 Cluj National average Still, in order to be sustainable, this growth requires a focus on innovation-based business model *source: The National Statistics Institute of Romania What is real innovation? * Looks familiar? Get ready for the fog! *source: Cristophe Gillet Deutsche Telekom is active across the entire innovation chain Hub:raum is an integral part of DT strategy No equity Global Partnering Minority Share Majority Share Hub:raum T-Labs Fully Owned T-Venture Telekom Innovation Pool DBU Business Units Biz. Dev. Stage Seed/EarlySta ge Growth Stage Mature Stage It offers key advantages compared to classical acceleration programs: Market access Up to 80K Eur for 10-20% equity Co-working spaces Network of experts Telekom Romania is active in diverse innovation areas in Continuous involvement in the start-up community Supporting co-working spaces (e.g. Tech Hub) Main partner in innovation events (e.g. How to Web) Supporting makerspaces / hubs focused on technology Cooperation with Universities and other educational institutions Entering vocational education Product portfolio adapted to entrepreneurs and SMEs Deutsche Telekom developed key partnerships with other industry leaders www.challengeup.eu Knowledge, experience, client database, distribution channels, HR , tech. and infrastructure for participating startups. Advantage for start-ups: Access Accelerate G2M Investment Commercialization Nice concepts and initiatives. Let’s start working together - We are eager to do so! Our focus areas are Smart City solutions Internet of Things Smart homes Education New technologies … and many others Questions & Answers