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University Spin-offs Alliance: From the idea to the market through mentoring and transnational entrepreneurial teams /SPINTeams

Funder: European CommissionProject code: 621689-EPP-1-2020-1-ES-EPPKA2-KA
Funded under: ERASMUS+ | Cooperation for innovation and the exchange of good practices | Knowledge Alliances for higher education Funder Contribution: 995,176 EUR

University Spin-offs Alliance: From the idea to the market through mentoring and transnational entrepreneurial teams /SPINTeams

Description

"Universities are the main source of innovation and solutions to challenges that can be marketable. Many start ups and University spin offs are founded at European Universities, but when it comes at sustainability and growth capacity, after 3 years more than the 50 % of start ups fails. The main reasons are the lack of profitability and growth capacity. The origin of this failure come from the roots itself of the company founded: the entrepreneurial and business skills of the founders, the complementarity of skills of the founders and their teams, their ability to find supporting networks and effective, bottom up start ups support ecosystem and the capacity of going international and build international cooperation.Chambers and companies in this project have developed counselling, peer learning and mentoring programmes that have proven results in achieving between 75 % and 97 % survival rate of the mentored start ups and university spin-offs. after 3 years SPINTeams aims at improving entrepreneurial and business skills of the would be entrepreneurs at partners HEI, as well as their current and future Spin-offs and Start ups, to achieve more and more long lasting and growing businesses. The project will act with a bottom up approach acting twofold: impacting the practitioners and the HEIs.To achieve this, the consortium will undertake the following activities and products:- A collection of training webinars for creating the role of ""Entrepreneurship Coaches"" at partners HEIs "".- A complete training course for improving entrepreneurial and business skills adressed to advanced students, Phd students, researchers (would be entrepreneurs or spin-off/start ups founders).- A handbook ""Building entrepreneurial support ecosystems for HEIs"".- A guide ""mentoring and peer learning methods for new entrepreneurs support"".- A International entrepreneurs cooperation platform to foster the international cooperation, teamwork, networking and mentoring."

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