Innovating costs: profitable models for financing innovation. Andrea Alunni, Tornbjörn Bjerke, Massimiliano Magrini, Burton Lee, Alessandro Fracassi, Renzo Tomellini
It’s easy to say innovation, but one of the main obstacles businesses encounter in this decisive area is profitability. Although calculable in part, innovating is always a risk, and primarily a financial risk. This is why finding the best instruments for financing innovation in a company is so important.
This theme will be a fundamental thread throughout The European House Ambrosetti Technology Forum that will take place Friday and Saturday, May 24-25 at Castelbrando (Cison di Valmarino – Treviso). Speaking in a highly-interactive context designed to promote direct exchange will be key figures in the area of profitable innovation.
First off will be the voice of the technology transfer office with two extraordinarily effective models: Isis Innovation, the TTO of Oxford University with its seed investment manager, Andrea Alunni, as well as the example of Karolinska Development, the Swedish paragon of pharmaceutical innovation, presented by its CEO Tornbjörn Bjerke who will talk about the method behind the Karolinska mission— “Profit from Innovation”. What could be clearer.
Following this, the viewpoint of venture capital with two successful models from Italy and the United States. Leading off will be Massimiliano Magrini, formerly Google’s point person for Spain and Portugal, founder of Annapurna Ventures and currently managing partner of United Ventures. 2013_Lee_Burton_sq.pngHe will be followed by Burton Lee who is based in Silicon Valley, but is one of the leading experts in European ecosystems for innovation. In addition to directing the California-based Innovarium Ventures, Lee also teaches European Entrepreneurship and Innovation at Stanford University and is the head of Space Angels, the network of seed and early stage investors in the aerospace field.
The Technology Forum will also host a 100% Italian example that has become a symbol of profitable innovation: Mutuionline, featuring a first-hand account from its founder and managing director Alessandro Fracassi. A shining example of finance applied to ideas.
Closing the circle, the Forum will offer a voice that is fundamental and sometimes insufficiently present in the creation of successful ecosystems for innovation, that of government. Often accused of providing finance in an unfocused or muddled way, Italian and European public institutions actually offer solid and constantly-improving tools which sometimes remain underutilized. Speaking about this at the Technology Forum will be Renzo Tomellini, head of the Added-Value Materials Unit of the European Commission’s Research and Innovation DG and the Nanoscience e Nanotechnologies Unit of the European Commission.