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Scotland

entreprenurial ambition and capacity
by

POWER OF YOUTH

on 23 January 2016

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Transcript of Scotland

Entrepreneurial ambition and capacity
SCOTLAND
PSYBT
Scottish Women in Business (SWIB)
IoD Scotland
The Moffat Centre (Edinburgh Napier)
Product Realisation Centre (PRC)
Scottish Enterprise
Business Gateway
Entrepreneurial Spark
Saltire Foundation
Scottish Higher Education Employablility Forum (SHEEF)
Informatics Ventures
SEN (Strathclyde Entrepreneurial Network)
Micro Tyco
Launch.ed
Cultural Enterprise Office
E-club (Edinburgh)
EDTC
Cooperative Development Scotland (CDS)
Firstport
Young Enterprise Scotland (YES)
Melting Pot
Converge Challenge (Heriott Watt)
Womens Enterprise Scotland
MAKlab
Social Enterprise Academy
WeDo Scotland
Business Forum Scotland
Power Lunch Club
ScotlandUnltd
HW School of Management
Edinburgh University Business School
Edinburgh Napier Business School
University of Glasgow Business School
Strathclyde Business School
Young Company Finance Scotland
Archangels
Entrepreneurial Exchange
Skills Development Scotland
Social Enterprise Skills Exchange
Startbright
Just Enterprise
Highlands & Islands Enterprise
Scottish Investment Bank
West Scotland Loan Fund
East Scotland Loan Fund
Scottish Funding Council
UK Wide
Global Entrepreneurship Week
Role Model Project
Hunter Centre
Scottish Programme for Entrepreneurship (aberdeen uni)
Robert Gordon University
Shell Livewire
NACUE
SIFE
Enterprise North East Trust (ENET)
Coca-cola Education
UK Funders
Youth Employment UK
Enterprise Lab
BizBritain
Youth Business International
Rockstar Youth
Prince's Trust
The Status Quo
Education
Schools
Micro Tyco
Global Entrepreneurship Week
Young Enterprise Scotland
Entrepreneur Me
Employersandyoungpeople.org
Scottish Funding
Council
Higher Education
Stratchclyde University
Hunter Centre
Napier
Heriot-Watt School
of Management
Scottish Institute
for Enterprise
Edinburgh University
Stratchclyde Entrepreneurial
Network
Moffat Centre
Institute for Product Design
Manufacture
Informatics Ventures
Launch.ed
E-club
Further Education
Scotland's Colleges
Young
entrepreneurs
PSYBT
Shell Livewire
YBI
Start-ups
Entrepreneurial Spark
MAKLab
Social
entrepreneurs
Scotland Unltd
Social Enterprise Academy
Just Enterprise
Social Enterprise
Skills Exchange
FirstPort
Business
Owners
Scottish Women in
Business
Linc Scotland
WeDO Scotland
Entrepreneurial
Exchange
Business Forum
Scotland
Women's Enterprise
Scotland
Cultural Enterprise
Office
Power Lunch Club
IOD Scotland
Scottish Enterprise
Melting Pot
Business Gateway
Co-operative Development
Scotland
Scottish Investment Bank
Startbright
Scottish Development
International
Employment
Talent Scotland
Skills Development
Scotland
Saltire Foundation
A young Richard Branson
Pete Cashmore (Mashable)
Stuart Milne (Construction & Football)
Tom Hunter (Retail)
Mentorship
Education
Mind-set
Fragmented policy
Entrepreneurial journey
- recognition as leader in field of youth entrepreneurship
- taking best of POY community and matching them with equivalent Scots
- what other initiatives are being run in different countries
IDENTIFIED GAPS
The Status Quo
Education
Schools
Micro Tyco
Start-ups
Entrepreneurial Spark
Business
Owners
Entrepreneurial
Exchange
Employment
Saltire Foundation
The Status Quo
Education
Schools
Micro Tyco
Global Entrepreneurship Week
Young Enterprise Scotland
Entrepreneur Me
Employersandyoungpeople.org
Young
entrepreneurs
PSYBT
YBI
The Status Quo
Education
Schools
Micro Tyco
Young Enterprise Scotland
Entrepreneur Me
Employersandyoungpeople.org
Scottish Funding
Council
Higher Education
Scottish Institute
for Enterprise
Young
entrepreneurs
PSYBT
Start-ups
Entrepreneurial Spark
Social
entrepreneurs
Social Enterprise
Academy
Employment
Saltire Foundation
Mentorship
Youth education
Mind-set
'can do' attitude
Aberdeen University
Scottish Programme for
Entrepreneurship
Robert Gordon University
(jurisdiction of LA's)
Themes consistently identified as critical for development of entrepreneurs and boosting the Scottish economy:
Centre for Entrepreneurship
1. World class mentorship
2. Mind-set
3. Enterprise education at younger age
4. Coherent policy
The ecosystem of organisations supporting entrepreneurship, aspiring entrepreneurs and business owners in Scotland
Based on preliminary work of The Entrepreneurial Exchange
Note: Four key themes for the development of entrepreneurship and boosting the Scottish economy:
• Access to world-class mentorship for young Scottish entrepreneurs
• Coherent action to create a more entrepreneurial Scotland
• Improving the mind-set of young Scots - creating a ‘can do’ attitude
• Enterprise education at primary school age
Mapping of ecosystem (key factor/stage)
2012 - 2013

Mind-set,
attitude and education
Start ups
Business
Growth

1
2
3
mind- set
knowledge
environment
international
ambition / capability
Hot Housing
Strategic Meeting
Aspirational
entrepreneurship :
Tripartite Structure
energy building
dissemination
coherent action plan
Scotland's young people
Disadvantaged youth
Aspiring entrepreneurs
Scotland's best young entrepreneurs
Scotland's leaders in Youth Entrepreneurship
Strategy Initiatives
Espark Renaissance
Ecosystem Strategy Initiatives in Scotland
Keep all leaders in enterprise ecosystem aware of each others strategies, initiatives and problems and find places for collaboration and innovation
Espark, Royal Bank of Scotland, Scottish Enterprise, Prince’s Trust Youth Business Scotland, Harper MacLeod, Edinburgh City Council, Scottish Council for Development and Industry, Napier University, Scottish Institute for Enterprise, Kelvin Capital, PricewaterhouseCoopers, Power of Youth, Wildhearts, COSLA, Glasgow City Council, East Ayrshire Council
Regular meetings (once every 6 weeks) of leaders in the enterprise ecosystem (Hosted by RBS and Espark in Glasgow and Edinburgh)
OUTCOMES / FINDINGS
MISSION
WHO
HOW
REAP
MIT/Scottish Enterprise initiative to evaluate the enterprise ecosystem of Scotland and Identify key areas of optimisation
TBC (Elite group of experts in the field)
Run by MIT: 4 x 1 week long workshops
based in MIT, Edinburgh, Newzealand and ?
OUTCOMES / FINDINGS
MISSION
WHO
HOW
POY
SCOTLAND
1) Plug Scotland's leading young entrepreneurs into a significant international network of leading young entrepreneurs (Increase international ambition, opportunities, success of Scotland's high growth enterprises)

2) Coordinated programme amongst multiple stakeholders to develop a cohort of world class peer mentors for young people and plug them into specific parts of the youth enterprise ecosystem through expert partners who have developed 'best practice' at reaching different groups of young people - Aim is to increase entrepreneurial and international ambition at all levels

3) Develop a clear picture of Scotland's enterprise ecosystem(s) and connect the dots amongst its thought leaders and key influencers (your looking at it :)
Power of Youth, Scottish Government, Royal Bank of Scotland, Prince’s Trust Youth Business Scotland, Espark, Scottish Institute for Enterprise, Wildhearts, Social Enterprise Academy, Saltire Foundation, Columba 1400, Napier University
1) (APRIL 2013) Week long residential (cohort of mentors/successful young entrepreneurs)
2)Day long launch event in Edinburgh for 150 representatives of Scotland's enterprise ecosystem
3)12 month coordinated mentoring programme delivered by 18 entrepreneurs through 6 partner organisations
4)Handover to Prince’s Trust Youth Business Scotland
OUTCOMES / FINDINGS
MISSION
WHO
HOW
MICRO TYCO
Global entrepreneurship
conference
International Ambition of Scotland
Wildhearts, Micro Tyco,
(Invite only global elite)

Day long conference in Scotland in October 2013
OUTCOMES / FINDINGS
MISSION
WHO
HOW
DUE IN APRIL
Recommendations and suggested solutions for key areas needing optimisation in the ecosystem
RBS/RSA
Inspiring Enterprise: Glasgow
Establish = What do young entrepreneurs and start-up businesses need in order to succeed?
RSA/RBS +++
Day long workshop part of a longer series to help shape RSA research on the opportunities and gaps of support for young entrepreneurs, and explore practical solutions to some of the barriers that exist.
OUTCOMES / FINDINGS
MISSION
WHO
HOW
Members of the REAP Scotland Team include:
- Donna Chisholm, Head of Sectors, Innovation and Programmes, HIE
- Clive Reeves, Enterprise Fellowship Manager, Scottish Enterprise
- Ian Ritchie, CEO, Coppertop
- Simon Grey, CEO, AWS Ocean Energy
- Jonathan Harris, Editor, Young Company Finance magazine
- Jonathan Levie, Hunter Centre for Entrepreneurship, University of Strathclyde
START UP SUMMIT
Signposting the Entrepreneurial
Support to entrepreneurs in Scotland
Sam & Team
Advancedtogo

Day long conference in Scotland in November 2013
Agencies pitch to entrepreneurs in panel style
OUTCOMES / FINDINGS
MISSION
WHO
HOW
Needs to be sustainable
Feedback - more entrepreneur stories - Agency pitching needs to be more dynamic and self motivated but made easy (1 Website ect)
RSE Business
Innovation Forum
The Royal Society of Edinburgh (RSE) is Scotland’s National Academy. It is an independent body with a multidisciplinary fellowship of men and women of international standing which makes it uniquely placed to offer informed, independent comment on matters of national interest.
Royal Society of Edinburgh
Business Innovation Forum
ADVICE PAPER 12-10
OUTCOMES / FINDINGS
MISSION
WHO
HOW
www.rse.org.uk/cms/files/advice-papers/2012/AP12_10.pdf
Latest paper -
support
YOU-OLO.com
Established (£5M+)
Established (£1M - £5M)
Growth (£50K - £1M)
Start Up (pre-revenue - £50K)
Company type - (Turnover)
Stimulating an
Entrepreneurial
Environment
Developing an
Entrepreneurial
Mindset
Building Knowledge
and
Key Entrepreneurial
Skills for Growth
Business Growth
Support
International
Ambition and
Capability
Promoting role models
Entrepreneurial education in schools and universities
Availability and visibility of entrepreneurship MOOCs
Joined up entrepreneurial ecosystem
Active finance and investment community
Entrepreneurship competitions and prizes
Entrepreneur and investor networking showcase events
Signposting to effective connections
Virtual and physical networking events
Connections made between academia and industry
Training in what entrepreneurship is
Training in networking skills
Networking events
Connection of ideas/research with entrepreneurs and finance
Exposure to role models
Exposure to inspirational speakers
Ability to make effective connections
Presentation skills training
Pitching training Demofests
Hackathons
Training in social media for businesses
Importance of product testing with customers
Sales training
Training in sales
Training in marketing
Training in structuring the finances of your business
Training in how to raise finance
Training in branding
Training in new product development
Training in disciplined entrepreneurship
Training in leadership, strategy and culture
Training in pitching
Ability to make effective connections
Connection to role models
Training in managing a team
Training in Leadership,Strategy andCulture
Peer networking
Training in growing a start up or small company to a SME or medium sized company
Raising ambition even higher
Training in HR
MIT EDP alumni networking
Developing the capability of role models
Sales training
Access to finance and connections to investors and VCs
Access to international markets
Trade missions International executive education programmes
Training staff to be intrapreneurs
International networking
Cross sector networking events
Sales training
Training in Leadership, Strategy and Culture
Connection to role models
REAP Skills for Growth Map
Powered by Mapper
INDIA Programme Design (Based on Legacy and TNE work in Scotland)
Competition (for recruitment) (Recruit two different groups (Leaders and Emerging Leaders)
Recruitment of 40 leading entrepreneurs ‘Entrepreneurial Leaders’ from Indian and Scotland 20/20
2016 Retreat for Entrepreneurial Leaders (The people doing it) 50% from India 50% from the rest of the world
Hour Glass Model (Context / Yourself(the Leader) / Your Business / You You Business and how it effects the Context
2 days building community
1 day (w/ Ecosystem expert presentations)
1 day with ‘Vantage Style Corporate Partners’
Day long Summit (300+ leaders of Ecosystem) to present long term common strategy and Vision for ecosystem building
Recruitment of 40 emerging entrepreneurs from India and Scotland 20/20 for Legacy Programme
up to 4 ‘Legacy weekends’ with Leaders and Emerging leaders (2 in India, 2 in Scotland) (Mentoring Programme)

2016 Retreat for Entrepreneurial Leaders + Alumni Event

Next Stage (Sector Specific Ecosystems)
The Problem and Sector in India / World
Hour Glass Model (For 4 day Retreat)
Context
As a Leader
The Entreprenure
As an agent for change
The Enterprise
The role of the leader and the Enterprise within it and it's ecosystem
The Context
Core Prog
4 days exploring and community building
1 day context building
1 day Growth
Programme Matching
Summit
Growth Partners
Academic Expertise
Ecosystem Outreach
10 Scottish Entrepreneurs
10 Indian Entrepreneurs
Kashmir (International Center for Clean Drinking Water)
4 months
1 Week
Programme Design
Recruitment
Retreat
SCOTLAND
Legacy Programme Weekends
Retreat
India
Weekend
4 months
Retreat
SCOTLAND
Retreat
India
Weekend
4 months
1 Week
Year 1 (Cycle 1)
Year 2 (Cycle 2)
Programme
Summit
Ecosystem Outreach
+ 10 Alumni
+ 10 Alumni
Aquatech India
11-13 August 2016
New Delhi at the Pragati Maidan exhibition centre
Retreat
SCOTLAND
Hydro Nation Community Retreat
Recruitment
India

Note: Four key themes for the development of entrepreneurship and boosting the Scottish economy:
• Access to world-class mentorship for young Scottish entrepreneurs
• Coherent action to create a more entrepreneurial Scotland
• Improving the mind-set of young Scots - creating a ‘can do’ attitude
• Enterprise education at primary school age
Mapping of ecosystem (key factor/stage)
2016 - 2017
Mind-set,
attitude and education
Start ups
Business
Growth
1
2
3
mind- set
knowledge
environment
international
ambition / capability
support
Context
Ecosystem Immersion
10 Scottish Entrepreneurs
10 Indian Entrepreneurs
Note: Four key themes for the development of entrepreneurship and boosting the Scottish economy:
• Access to world-class mentorship for young Scottish entrepreneurs
• Coherent action to create a more entrepreneurial Scotland
• Improving the mind-set of young Scots - creating a ‘can do’ attitude
• Enterprise education at primary school age
Mapping of ecosystem (key factor/stage)
2016 - 2017

Mind-set,
attitude and education
Start ups
Business
Growth

1
2
3
mind- set
knowledge
environment
international
ambition / capability
Funding
BBWTB
£2M over 3 years to start 90 high growth busiensses

Every (17) University in Scotland £300K Per Year to give out to Startups as a grant
SIE - Undergrads
EC - Postgrads

Recruitment
THE NEED
Workshop Design
The Context
THE DEMAND
The Participant
FEASIBILITY
The Enterprise
Back to the context (Summary)
WORKSHOP 1 (For Programme Participants) 5 - 15 people (3 hours )

Hydro Nation Scholars
The Entrepreneurial Leaders (Those running Scotland's leading water tech businesses) (Those who drive growth now)
The Emerging Entrepreneurial Leaders (Those who will drive growth in the future)
(Those involved in building water tech businesses in Scotland in either a leadership or Business Development role)
Those involved in / interested in growing Scottish Businesses (Pooled from FL)

WORKSHOP 2 (For Stakeholders / Decision Makers) 5 - 10 people
Leadership of Saltire Foundation, Future Leaders, We are the Future, EDGE, POY, Espark, ASI, with 'The Entrepreneurial Leaders' who's teams are the participants (HN Leadership)
FLOW
Both workshops will follow the same flow

Before Workshop
Share Hypothesis and Programme Design

During
Using summary of existing research to set the scene and run an hour discussion about the
NEED
. (Does the content of the discussion confirm the existing research)

Is there a gap in the ecosystem
Is there anything like this now - on ts way?
what are the existing problems?

DEMAND / FEASIBILITY

Does this programme fix the problems identified
Does it compliment the existing ecosystem
improvements / innovations?
WORKSHOP 1
LEADERS
EMERGING LEADERS
HYDRO NATION SCHOLARS
NEED

DEMAND

FEASIBILITY
Already in water sector
EMERGING LEADERS
Interested in water sector
Those who drive growth now
Those who will drive growth in the future
Full transcript