LBG Innovator’s Road Programme

Tailor-made support for
academic founders
01

About

A ten month programme with international experts and intensive individual mentoring.

The Innovator’s Road Programme focuses on the specific issues of start-ups from the academic environment. During the programme, founders with scientific backgrounds will acquire the entrepreneurial knowledge and skills necessary for founding and scaling new businesses. The overall focus lies on the Austrian-wide group composition and a strong integration of international mentor and expert know-how.

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The Idea

Technology patents and spin-offs coming out of university research have a significant impact on regional and social development. Compared to international highly recognized universities, Austria’s spin-off figures have not yet reached the same level by far. Studies show that one major success factor for spin-offs out …

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The Idea

Technology patents and spin-offs coming out of university research have a significant impact on regional and social development. Compared to international highly recognized universities, Austria’s spin-off figures have not yet reached the same level by far.

Studies show that one major success factor for spin-offs out of universities is the entrepreneurial knowledge of the founder. Most of the times scientists have insufficient market knowledge to develop a proficient roadmap until market entry.

Based on the overall aim to support scientists in becoming successful entrepreneurs, the Innovator’s Road Programme first kicked off in 2019. The Innovator’s Road Programme intends to expand the instruments in the direction of an entrepreneurial skillset in science focussing on Austrian-wide projects and a strong international connection.

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The Procedure

Within ten months the founders are mentored and trained according to a proven method from the Cambridge cluster, which was further developed and adapted by the programme partners. A range of training sessions build the framework of the programme, allowing to zoom out regularly and see the big picture of the whole …

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open book with bookmark

The Procedure

Within ten months the founders are mentored and trained according to a proven method from the Cambridge cluster, which was further developed and adapted by the programme partners. A range of training sessions build the framework of the programme, allowing to zoom out regularly and see the big picture of the whole start-up journey. Thirty-five hours of individual mentoring sessions with a dedicated team of mentors provide a solid foundation in order to work with the founders on their challenges. Through the vast network of the programme partners the founders gain access to experts, investors and corporates across the UK-DACH region and have the possibility to establish resourceful relationships. Building on the advantages of a strong peer-to-peer connection diverse initiatives take place.

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The Target Group

The Innovator’s Road was developed for (university) spin-offs, mainly from the STEM field, that are dealing with the opportunities and risks of commercializing research-based projects. The goal is to help entrepreneurs successfully make the transition from prototype to early product or service with a sustainable business model …

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The Target Group

The Innovator’s Road was developed for (university) spin-offs, mainly from the STEM field, that are dealing with the opportunities and risks of commercializing research-based projects. The goal is to help entrepreneurs successfully make the transition from prototype to early product or service with a sustainable business model. The target group of the program is scientific staff or founders related to an Austrian university and non-university research institutions who have developed a prototype (lab-environment) and want to take the step towards a product with a business model. The maturity level of the projects develops around cTRL 3-5. Founders do not necessarily have to have a team or a formally established company.

  • Mature projects from Technology/Communication Readiness Level (TRL/CRL) 2-3. This means that the product, service or technology is defined in a concept and a working prototype, or experimental proof of concept exists.
  • Connection to an Austrian research institution
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Voices from the Ecosystem

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Philipp Kinsky

Name

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02

Programme Design

The structure applied in the Innovator’s Road Programme is based on the Triple Chasms Principle, a scientific method from the Cambridge cluster and further developed by the programme partners. This method provides a powerful tool to identify the key challenges that need to be in the focus of the founder’s attention at certain levels along the commercialization journey.

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Design and Structure

Triple Chasm Method
  • Systematic approach based on 12 vectors and their relevance depending on the maturity level of the project.
  • The modules and tools enable the participants to build up strong social capital as well as to foster entrepreneurial capability building and provide a longlastig methodological sparring tool (PathGraph).
  • The authors Uday Phadke and Shailandra Vykarnam are playing an active role within the LBG Innovator’s Road programme.
3 smartphones displaying IECT-content

Operating System

3 Core Areas
  • PathGraph
    All players can assess the product’s status based on the vectors and their execution. Aggregated evaluations facilitate to match parties and create a scale-up path.
  • Education
    Educational Toolbox, Programmes, Tools, Manuals, Videos etc.
  • People
    Connects stakeholders seamlessly to create a digitized ecosystem.

The I.E.C.T. Network

An online ecosystem for founding, scaling and innovating businesses.
  • Connecting start-ups, investors, mentors and corporates
  • Aggregated assessment for a holistic picture of the product‘s maturity based on the vectors
  • Integration of programmes, initiatives and relevant information
  • Exclusive communication within the ecosystem
  • Online portal on all devices as stand-alone software and browser application
  • Closed, trusting communication system with GDPR & NDA integration

Supporting Elements

Training Modules

Designed to impart knowledge
in an interactive way

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March
April
Kick-off

20.5.2021

(expected to be held online)​

Module 1

27.-28.5.2021

  • Market Space
  • Proposition Framing
  • Customer Definition
May
June
Module 2

24.-25.6.2021

  • Business Case
  • Calculation
  • Funding & Investment
  • Leadership & Team
July
August
I.E.C.T.
Summer School

16.-25.8.2021

September
October
Module 3

21.-22.10.2021

  • IP Management
  • Business Model
  • Product & Service, Commerzialisation Strategy
  • Corporate & Start-up Corporation
November
Module 4

2.-3.12.2021

  • Relevant topic appearing over course of programme
  • Branding
  • Final Roadmap Check
December
January
Pitch Training
Demo day

Dates and content subject to change.

1-to-1 Mentorings

1-to-1 sessions for
individual support

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Expert Workshops

Several expert workshops within the programme
period depending on the participant’s needs

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Ecosystem Integration

Connect with relevant players in the ecosystem
over the course of the programme

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Peer2Peer / Alumni Integration

Opportunity to exchange and share
knowledge and experience

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At a Glance

10 participants
|
10 Months
|
Kick-Off
|
4 Modules
|
35 Hours of Expert Sessions
|
Demo Day and much more!
  • Individual evaluation of a start-up including the creation of a roadmap for the further process
  • Tailor-made (virtual) workshops that use state-of-the-art start-up methods
  • Individually tailored 1-to-1 coaching and mentorings including a key contact person
  • Participation in events, access to markets, financing and expertise as well as concrete matchings with established companies
  • Peer-2-Peer Learning within the cohort and with other founders
  • LBG, NVS and I.E.C.T. are embedded in the scientific and economic environment and thus offer the advantages of both worlds
  • Access to the “I.E.C.T. – Network” tool in order to track progress, assess the project and establish an online expert network
  • Comprehensive support for start-ups on the way to marketability

Mentors

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Name

Company

Experts & Workshop Coaches

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Name

Company
03

Goals

The LBG Innovator’s Road Programme developed by I.E.C.T. With the I.E.C.T. – Hermann Hauser and New Venture Scouting aims to expand “Entrepreneurial Skills” in science.

Within the programme, mentors and experts address the particularities of start-ups from the academic environment. This way tailor-made content and individual support enables the development of the founder and his start-up idea at the right time.

group photo

Commercialization Readiness

At the end of the programme the projects should reach TRL / CRL 5 or respectively should have moved forward at least one mTRL / cTRL based on their starting point. (Test setup is described in environment)

a meeting room full of people

Investment and Cooperation Readiness

Start-ups should be able to secure funding or start a relevant partnership that is necessary to launch the product on the market, respectively to reach the next milestone.

04

Application

Application phase:
22.3. - 25.4.2021
Apply now
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Assessment Process

Application is open for all projects, who have a connection to an Austrian university or research institute as well has have a working prototype and want to enter the market.

You need technical help with the application process? Check out our screencast!
  1. Go to: network.iect.at
  2. Create new account
  3. Start-Up
  4. Register for Programme: LBG IRP
  5. Fill out your profile

Please be prepared to answer the following questions and upload these documents.

Attachments
  • CV
  • Letter of Motivation
  • Pitch Deck (if available)
Questions about
  • Business Model
  • Product Proposition
  • IP and Funding
  1. Application Call
  2. Jury Session
  3. Decision

You will get an official confirmation by latest mid of May.
Kick-Off starts on 20.5.2021

Costs

The programme is free of charge for the participants (excl. travel expenses, accommodation and meals) and is financed by the funds of the University of Graz.

Download Flyer

Previous Batch

In the first batch 2019 / 20 ten projects from various Austrian institutions and Universities were part of it. Find out about their expierences:

Download Brochure
05

Voices from the Previous batch

quotes
Philipp Kinsky

Name

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

You want to learn more about the programme? You are interested in getting to know the start-ups or want to share your experience with the founders? Feel free to get in touch with the LBG Innovator's Road Team.

innovatorsroad@iect.at