Infrastructure to support the innovative and entrepreneurial projects Case of the Higher School of Economics Anastasiya Tyurina Head of Business Incubator at HSE CEO, HSE Innovation, LTD September, 2012 Higher School of Economics, Moscow,

2 HSE at a glance National Research University - Higher School of Economics The World’s Top-500 universities The Russian Top-4 universities 4 locations in Russia (Moscow, Saint-Petersburg, Nizhny Novgorod, Perm) 31 faculties and schools; 3’100+ staff (faculty and research fellows) students (Bachelors, Masters and Doctoral students) Continuing education: 200+ programmes, 12’000 postgraduate students Research: 41 research centers, 13 international labs, 300+ projects a year Budget: € 270M, incl. €160M of revenues from education and research activities Webometrics Est Est. 1992

Research areas Economics Sociology Management Finance Linguistics Communications Logistics Computer sciences Cognitive sciences etc. Marketable products and services (samples) New financial facilities Customized analytics Customer behavior models Business intelligence tools and services Games and simulators Test systems and visualization tools Supply chain management solutions etc. HSE business innovation perspectives Prospective markets  Financial services  R&D management  Marketing  Corporate governance  Insurance  Retail  Healthcare  Creative industries  Education  etc. 3 III I I II

Customers and markets Within university’s structure: Intellectual property department HSE Innovation Ltd. State-owned enterprises Large companies and institutions Venture Capitalists Investors and Corporate partners Commercial services / products Joint projects and ventures Spin-off companies 4 III I I II Innovation and Enterprise Office (INEO) HSE Innovation Fund Faculty and students involvement projects Centers for entrepreneurship and Business-incubators Centers for entrepreneurship and business-incubators IID Program: major accomplishments HSE Commercialization System

5 Customers and markets Developers, Researchers HSE Innovation Ltd. Investors and corporate partners IPR licensing Innovative Projects and Companies HSE Product development projects IP-assets PROJECT TEAM III I I II Innovation Fund applicants Project & training groups leaders Incubators residents Faculty member Tracks for involvement of entrepreneurs and team members Entrepreneurship community IID Program: major accomplishments HSE Commercialization Process

6 Call for ideas Innovation Fund Financial & marketing plan Assessment / investment proposal Project structuring / fund raising Agreements and project launch Applications: Project leader + Faculty member Contract for project planning Assessment results and draft proposal Negotiations, Preliminary agreements Selected projects >50 <15 <8 <5 <15 Product development contract / License agreement + HSE involvement scheme Selected call winners Projects selection: HSE Innovation Fund track III I I II

7 Samples of applicant projects to the 2 nd HSE Innovation Fund call III I I II Product IdeaTarget marketsScientific leader “Mobile-English” - content delivery system for mobile devices Foreign language distance-learning and interpreting Prof. Svetlana Maltseva Head of Department of Innovation and Business in Information Technologies (Faculty of Business Analytics) Hedging strategies development Financial services, Risk-management, Financial consulting Prof. Nikolay Berzon Head of Department of Stock and Investments Market (Faculty of Economics) Interactive Atlas for Tourism Industry Customized Analytics for Tourism industry (B2B, B2C) Prof. Sergey Smirnov Deputy Vice-rector, Director of Institute for Social Policies and Social and Economic Programmes

8 Entrepreneurship fostering system I I II III Centers for entrepreneurship and Business-incubators Centers for entrepreneurship, business-incubators Centers for entrepreneurship and Business-incubators Innovation Management Chair programs Centers for entrepreneurship and Business-incubators Community Education Selection Networking Prototyping Promotion Coaching Moscow Nizhny Novgorod Perm Saint-Petersburg Specific trainings by various HSE education units 30+ alumni startups New paid service is being developed HSE{Pro} Coaching program 12 contracts for paid services HSE{10K} business competition Startup of the year – HSE Award Internet-based services testing Paid service is being developed > 15 programs, 2 international > 5000 participants a year > 50 specific events, incl. HSE{Sun} – Summer school >10000 members >50 service partners NEW

Entrepreneurship fostering system HSE{10K} business competition 6 years history 140 applications in May experts jury 12 finalists The Winner - ( Mobile DNA-diagnostics) 2 nd prize at BIT-2011 (RU), 2 nd prize at IBTEC-2011 (USA) - winner of BIT 2011 ($200K) finalist of HSE{5K} in I I II III

10 I I II III Entrepreneurship fostering system Annual award “Startup of the year” Startup of the year 2011 Final Ceremony: December 8 Since nominees by 40+ partner organizations 50 experts jury 13 finalists in 5 nominations – Best Technology – Best Start – Global Startup – Best Social Business – Best Team

11 Annual award “Startup of the year” Infrastructural Partners (Nominators) I I II III

12 Final remarks Next challenge: interconnection of these systems I.University-business cooperation II.Commercialization system III.Entrepreneurship fostering system Key risks: Lack of time: complexity requires larger transition periods Misunderstanding of scale and ratio between systems Mistakes in making right offers