Global Corporate Venturing Symposium, London, 21/22 May, 2013
See the video highlights of the Third Annual Corporate Venturing Symposium and Awards.
Programme Agenda
"Corporate Venturing Powerbrokers"
Tuesday May 21 – Wednesday May 22, 2013
Location: Russell Hotel, Russell Square, London, WC1B 5BE
Join 200 of the key influencers and decision-makers in corporate venturing at the showpiece event of the year looking at how the industry has developed into the main power brokers between entrepreneutrial stars and corporate innovation.
Tuesday May 21
08.00 Registration, coffee/networking
08.30 Welcome: James Mawson, editor-in-chief, Global Corporate Venturing
Innovation Economy: The data and issues impacting the world
08.50 Keynote: Sir Martin Sorrell, chief executive, WPP
How innovation and majority/minority equity investments have helped turn WPP into the world's largest advertising and marketing services company. Sir Martin has led the transformation of what used to be Wire & Plastics Products into the world’s largest advertising and marketing services company covering all regions and sectors. His use of minority and majority equity investments to build a global company able to transition into the digital age. He will talk about the ‘grey swans’ that could knock thtre world’s economy and how a listed company can develop a true innovation equity and corporate venturing platform for growth.
09.20 Panel: Building an innovation toolkit
Corporate venturing is just one part of a broader innovation function in most companies but increasingly vital to make the other tools function at their best. As part of this connecting tissue, many companies are also turning to chief innovation officers to manage their toolkits best and this panel will examine how groups can optimise their stategic and operational performance.
Introduction: Deborah Hopkins, chief innovation officer and chairman, venture capital initiatives at Citigroup
Peter Nagler, chief innovation officer at Evonik
Rob van Leen, chief innovation officer at Royal DSM
Lalit Ahuja, co-founder and CEO of ANSR Source and partner of Kyron
10.00 Keynote: Claudia Fan Munce, managing director of IBM Venture Capital Group
Claudia Fan Munce, the first corporate venturing board member at the US trade body National Venture Capital Association and head of IBM’s VC group since 2004, looks at the technology company’s role in the entrepreneurial ecosystem and how to connect the dots from the venture capitalists and start-ups back into a corporation through champions.
10.30 Corporate Venturing Portfolio Company Elevator Pitch: Life Sciences
Ten entrepreneurs from the sector will in rapid succession give the key points of their company that has usually already raised money from a corporate venturing unit. The people’s award of a magnum of champagne will be presented by Neil Foster, partner at Baker Botts, to the overall winner from the four pitch sessions.
11.00 Networking Coffee Break
Parallel Sessions
Breakout Room
11.30 Life-Sciences Roundtable
Chaired by Chris Coburn and Geoffrey Vince from Cleveland Clinic Innovations.
The 10 life sciences entrepreneurs will join corporate venturing executives and others in the breakout room for a discussion on what disruptive innovations are needed and being invented and how the corporate venturing executives can help commercialise ideas from the pre- to post-revenue generating stages.The corporate venturers present will then select the best entrepreneur for their contribution to the roundtable and vision for the company – award donated by Baker Botts.
Main Hall
11.30 Themed Roundtables
Themed roundtables on industry topics: organised by Andrew Gaule, founder of Corven Networks
Finding an exit: parent acquisition, trade sale, IPO – Paul Harvey, head of technology at Bank of America Merrill Lynch
Starting a venturing programme – George Coyle, manger of investments for ConocoPhillips
Deal structuring and terms – Neil Foster, partner at Baker Botts
Introducing the Corporate Venturing Forum as a global network - Rob Trice, founder, and Michael Rose, Europe adviser
Deal sourcing and dealing with non-traditional syndicate members – Michael Price, chairman of AngelPool and partner of CEO Ventures
Getting value from being a limited partner (LP) in a fund – Erik Sebusch, partner at CMEA Capital
Setting up and managing a start-up accelerator – John McIntyre, managing director of Citrix Startup Accelerator
Dealing with tension between VCs and corporate venturers - Geert van de Wouw, head of Shell Technology Ventures
Sector: Transport - Ignaas Caryn, KLM
13.00 Lunch
14.00 Keynote: Charles Searle, Naspers’ MIH
Charles is responsible for the South Africa-based media group's listed and social media assets backed through its MIH corporate venturing unit, including Tencent, a Chinese Internet company listed on the Hong Kong Stock Exchange with a $65bn market capitalisation, and Mail.ru, a Russian peer listed on the London Stock Exchange worth more than $10bn. He is also involved in the MIH Internet Group's M&A activities where he previously held the position of internet chief investment officer responsible for a strategy that has created more than $20bn in profits from its corporate venturing deals.
14.30 Academic Presentation: ETHZ and CeTIM, Boris Battistini and Martin Haemmig
Part one on the latest research and data on the developed and emerging market overview of corporate venturing dealmaking and organisation.
15.00 Corporate Venturing Portfolio Company Elevator Pitch: Information and Communication/Financial Technology
Ten entrepreneurs from the sector will in rapid succession give the key points of their company that has usually already raised money from a corporate venturing unit.
15.30 Coffee Break
Parallel Sessions
Breakout Room
16.00 Information and Communication/Financial Technology Roundtable
Chaired: Citi Ventures
The 10 pitching entrepreneurs will join a discussion with corporate venturing executives and others on what disruptive innovations are needed and being invented and how the corporate venturing executives can help commercialise ideas from the pre- to post-revenue generating stages – award donated by Baker Botts.
Main Hall
16.00 Panel Discussion: Fundraising trends in the regions and sectors
Global Corporate Venturing data identifying the sectors and regions with fastest growth and venturing penetration and then a panel discussion on why and what will happen next.
Moderator: Anne Glover, CEO of Amadeus Capital Partners, head of EVCA VC committee and former chairwoman of BVCA
Hervé Schricke, chairman of XAnge Private Equity and past president of France’s AFIC trade body
Talal Shamoon, CEO of Intertrust
Graeme Martin, president and CEO of Takeda Ventures
Geoff Duyk, managing director of TPG Biotech and Alternative and Renewable Technologies
16.45-17.30 Panel: Lessons from the Powerlist
Recipients of the Global Corporate Venturing Powerlist 100 explain how to lead a venturing group and share their insights from lessons they learned.
Moderator: Barry O'Brien, managing director of SVB’s Venture Capital Group
Tony Askew, head of Reed Elsevier Ventures and chair of BVCA committee on corporate venturing
Nagraj Kashyap, senior vice-president ventures and innovation at Qualcomm
Chris Coburn, executive director of Cleveland Clinic Innovations
William Taranto, managing director of Merck Global Health Innovation
17.30: Keynote: Warren East, chief executive of ARM
If software is “eating the world” it is doing so on the back of the chips that allow technology to be increasingly mobile and always-online round the world, many of which are powered by ARM’s semiconductors. Warren East will talk about the changing world and how innovation allows firms to thrive and survive.
Reception celebrating the Global Corporate Venturing Awards, with Al Gore
Join us after the first day of the Global Corporate Venturing Symposium at the grand Russell Hotel in Bloomsbury Square, opposite the British Museum, for a reception and buffet dinner. In the heart of London's literary quarter at this fine historic hotel meet your peers and old friends and celemabrate best practice in the industry. The 3rd annual Global Corporate Venturing Awards will be presented by James Mawson, editor-in-chief of Global Corporate Venturing, following a keynote address by Al Gore, 45th Vice President of the US, winner of the Nobel Prize for Peace in 2007 and co-founder of Generation Investment Management.
18.00 – 21.00 – Drinks, food and presentation of awards for best practice in corporate venturing
Awards include Best Firm, Best Deal and Best Exit and Personality of the Year
Wednesday May 22
07.45 Registration, coffee/networking
08.00 Welcome: James Mawson, editor-in-chief, Global Corporate Venturing
08.00 Panel: Corporate venturers as powerbrokers
As corporations open themselves up to outside ideas and entrepreneurs look at how they can leverage the incumbents value-added services, such as research, distribution and sales, the venturing unit becomes a critical intermediary allowing communication and knowledge to pass to the right people. What are the skills and structures needed to execute on the corporate venturing strategy and vision?
Moderator: Dominique Mégret, head of Swisscom Ventures
Bo Ilsoe, managing partner at Nokia Growth Partners
George Coyle, manager of investments for ConocoPhillips
Javier Santiso, managing director of global affairs and new ventures at Telefónica
Dominic Emery, chief development officer for BP Alternative Energy
08.40 Panel Discussion: Corporate venturing career development
As the industry grows in number of corporate venturing programmes and matures in unit longevity, the types of people recruited and retained has been changing. How do you shape a team for diversity, geographic dispersion and skill set to pitch to win deals, catch the value back at the parent and help the portfolio company grow?
Chair: Dermot Hill, chief executive Intramezzo
Phil Wickham, chief executive at Kauffman Fellows
Rob Trice, venture partner at Swisscom Ventures and founder of Corporate Venturing Forum
Sharon Vosmek, chief executive at Astia
Markus Thill, co-head of Robert Bosch Venture Capital
09.20 Keynote: Ralf Schnell, Siemens Venture Capital
Before joining Siemens Venture Capital as chief executive, Ralf Schnell had built up Infineon Technologies corporate venture capital activities since 1998 and was managing director of Infineon Ventures. At Siemens, Schnell has quickly built a €1.1bn ($1.4bn) global corporate venturing and private equity asset management programme covering direct and indirect investments on behalf of the corporation and its pension fund and offers his unique insights into how to build a complementary innovation toolkit.
09.50 Panel Discussion: How can firms deal with a globally-distributed, cross-sectoral innovation landscape?
An examination of what has happened to deal flow as corporate venturing units play a more significant part of the investment in entrepreneurial companies as these nascent businesses innovate round the world instead of being concentrated in pockets, such as Silicon Valley. Innovation is becoming increasingly global but also many of the most significant trends will come from cross-sector connections, such as IT hardware being built on organisms or biofuels from algae.
Moderator: Ray Haarstick, chief executive at Relevant Equity Systems
Michael Brandkamp, managing director at High-Tech Gruenderfonds
Girish Nadkarni, head of ABB Technology Ventures
Geert van de Wouw, head of Shell Technology Ventures
Antoine Garrigues, managing partner of Iris Capital
10.30 Corporate Venturing Portfolio Company Elevator Pitch: Energy
Ten entrepreneurs from the sector will in rapid succession give the key points of their company that has usually already raised money from a corporate venturing unit.
11.00 Networking/Coffee Break
Parallel Sessions
Breakout Room
11.30 Roundtable: Energy
Chairman: Colin le Duc, partner at Generation Investment Management
The pitching entrepreneurs will take part in a discussion with corporate venturing executives and others on what disruptive innovations are needed and being invented and how the corporate venturing executives can help commercialise ideas from the pre- to post-revenue generating stages - award presented by Baker Botts.
Main Hall
11.30 Themed roundtables
Roundtables on industry topics: organised by Andrew Gaule, founder of Corven Network
Emerging to emerging market developments – Martin Haemmig, adjunct professor at CeTIM, with Allen Taylor from Endeavor
University Venturing and commercialising research – Tony Stanco, executive director of NCET2.org
Building and monitoring an intellectual property strategy for portfolio companies – Mark Radcliffe, senior partner at DLA Piper and US private sector co-chair of US-Japan Innovation and Entrepreneurship Council
Keeping sane as a corporate venturer while dealing with an overseas parent - Paul Morris, UKTI and ex-Dow Venture Capital
Becoming independent and getting third-party capital – Crispin Leick, MD of Innogy Venture Capital
Alternative investments: personal wealth management – Mike O'Brien and Caroline Winckles at UBS and Marianne Abib-Pech, author
Sector discussions: Services - Mark Read, chief executive of WPP Digital
13.00 Lunch
14.00 Key ideas: James Mawson, editor-in-chief of Global Corporate Venturing
Behind the creation and objectives of the non-profit service providers forum, Corporate Venturing and Innovation Initiative.
14.10 Keynote: Marcos Battisti, managing director of western Europe and Israel, Intel Capital
The world’s largest corporate venturing group has more than $10bn under management and a global network of offices and Battisti looks at the global innovation winners coming from his region and how it fits into an investment framework set up by Intel Capital to deliver strategic and financial goals.
14.40 Academic Presentation, part II: ETHZ and CeTIM's Boris Battistini and Martin Haemmig
Part II on the latest research and data on the developed and emerging market overview of corporate venturing dealmaking and organisation by the two noted academics and Global Corporate Venturing columnists.
15.00 Corporate Venturing Portfolio Company Elevator Pitch: Smart Systems/Industrial
Ten entrepreneurs from the sector will in rapid succession give the key points of their company that has usually already raised money from a corporate venturing unit.
15.30 Networking/Coffee Break
Parallel Sessions
Breakout Room
16.00 Roundtable: Smart Systems/Industrial
Chaired by Jan Westerhues, investment partner at Robert Bosch Venture Capital
The pitching entrepreneurs will take part in a discussion with corporate venturing executives and others on what disruptive innovations are needed and being invented in the area of smart systems and industrial (such as robotics, industrial software, additive manufacturing and machine-to-machine internet) and how the corporate venturing executives can help commercialise ideas from the pre- to post-revenue generating stages - award by Baker Botts.
Main Hall
16.00 Panel Discussion: Regional exceptionalism in developed markets
Representatives from the Europe, US and Japan trade associations discuss their planned alliance and how the corporate venturing characteristics of groups in their regions create opportunities for a global partnership.
Moderator: Raymond Creemers, managing director of Lux Research in EMEA
Janice Mawson, vice-president of membership at the US's National Venture Capital Association(NVCA)
Dörte Höppner, secretary-general of European Private Equity and Venture Capital Association (EVCA)
Keiichi Enjoji, president of Japan-based TEL Venture Capital
Chris Wade, director, venture capital unit, UK Trade & Investment (UKTI)
16.45 Panel: The next geography of corporate venturing leaders
An in-depth look at how states are developing themselves as innovative regions, with corporate venturing a crucial tool mandated by the state.
Moderator: Matthias Ummenhofer, head of European Investment Fund
Andrew Gaule, founder of Corven Networks
Jonathan Tudor, ventures director of BP Castrol InnoVentures
Mikhail Chuchkevich, managing partner of Bright Capital
Andrey Morozov, chief executive of VEB Innovations
17.30: Key ideas: Julie Meyer, founder of Ariadne Capital
Julie Meyer will talk about “ecosystem economics” from her new book, Welcome to Entrepreneur Country, and how the world of networks is creating disruptive business model transformations where the providers of their data get paid rather than just the intermediaries that scrape and collect it.
18.00 Finale - James Mawson present the Symposium's key points
Prices and How to Register
The maximum available discount is exclusively for Global Corporate Venturing subscribers at 25%. Other discounts available for corporates and members of the Powerlist 100. Contact Tim Lafferty for details. (tlafferty@globalcorporateventuring.com). (Speakers should also contact Tim Lafferty or James Mawson for registration details).
For more information or to sponsor this event, contact Tim Lafferty on +44 1483 720295.
Cancellation policy: 30 days + before event - full refund
7 - 29 days before event - 50% refund
less than 7 days before event or 'no show' - no refund
Hotel Accommodation
Delegates can benefit from a 7.5% discount from the regular room rates at the Russell Hotel on the nights of May 20-22 if booked before April 23rd. Pay £179 per night including full English breakfast. Quote booking code GLOB200513. Guests can contact Reservations Department on 0207 520 1827 or reservations@principal-hayley.com. Note: this is a discount from the published rack rate but it may be possible to obtain a better price from your travel agent.
Sponsors:
With grateful thanks to our sponsors. For more information about them, click here.
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