The deep-tech startup lifecycle
With pre-selected science champions
Your startup + raise capital in 80 days
It is, if the following is about you:
Excited about science-driven technological innovation
Interested in a meaningful career challenge
Identifying as entrepreneurial-spirited individual or business leader
Can imagine yourself collaborating with scientists to create commercial solutions of tomorrow
Ready to commit to developing your own venture
Complete "IGNITION QUALIFIERS" program designed to equip your mindset for building a Deep-Tech Startup.
Participation: free.
"IGNITION QUALIFIERS" program is designed and organized by Commercialization Reactor (CR). The program is supported by Stockholm School of Economics in Riga, University of Ljubljana and Ljubljana University Incubator.
Because the biggest impact happens when scientific discoveries are translated into business. Plus it's highly profitable.
In 13 years of Commercialization Reactor, over 100 deep-tech companies were ignited by connecting non-academic entrepreneurial individuals with science champions. More than 70 of them received investments and continue this successful partnership.
Scientists explore the beauty of the universe through intellectual instruments.
But mission-driven entrepreneurs are much better in leading a business, setting and conquering the objectives. They just need a technology that excites them.
A place in space and time
"Ignition Event" is a 2-day curated multi-national environment where Entrepreneurs explore technologies and form a team with Scientists.
A starting point where successful Teams are formed for creating high-potential science-based business.
Admitting technology presentations by Scientists, in search for the one that excites you
Building chemistry and teaming up around a technology that excites you
Become Resident of Commercialization Reactor, a network of mission-driven professionals in deep-tech to help you along the journey to success
Regardless of you being a seasoned serial entrepreneur or just starting your career - statistics say you have to equip your mindset with Deep-Tech Entrepreneurship tools
Your ticket for the "Ignition Event" and
successful start of your deep-tech journey
TO PARTICIPATE, ENROLL FOR "IGNITION QUALIFIERS" PROGRAM. Next program dates: OCT 2 - OCT 23.
Since 2009, Commercialization Reactor has been successfully employing its very own methodology, experience and continuous tailored support.
Ignition
Events
Partner
Universities
Teams formed
led by entrepreneurial
individuals
of startups
incorporated after “Ignition Event”
raised capital
Funding
Raised
These Deep-Tech startups are led by non-technical founders and were born at the IGNITION EVENT
Commercialization Reactor in partnership with
European Institute of Innovation and Technology (EIT)
Nr. 1 Deep Tech Program in EU - recognised by EIT Deep Tech Talent Initiative!
Participating in the co-creation of Deep Tech Venture Builder Initiative - selected by EIT Health!
New countries (incl. Estonia, Slovenia, Croatia in addition to Latvia)
Updated support programs
New university partners as technology sources
New local ecosystem partners
Commercialization Reactor (CR) is an international and the most experienced full-cycle deep-tech and science (applied research) commercialization platform in the Baltics. It is formed by a group of entities united under the Commercialization Reactor brand. They complement each other and support the full cycle of emerging innovation commercialization, which includes access to CR’s fund, industry, and investors.
CR has been creating, accelerating and investing in deep-tech startups since 2009 through an expert-designed proprietary process. CR specializes in the field of commercialization of R&D work and IP achieved by the original method of matching scientists and external Entrepreneurial teams under the Reactor’s supervision and further support with the aim of creating and developing new successful startups.
CR provides scientists participating in start-up creation wider access to new grants, projects, and resources. At the same time, the Reactor enhances recognition, which broadens networking possibilities, stimulates an increase of publications and citations, all of which increase the Hirsch index, as scientists’ own companies become a source of further scientific achievements, patents and publications. In addition to this, CR also gives its participants the opportunity to cooperate with top EU universities and industry leaders, and gain access to developed global markets, as well as the preconditions and opportunities for a company to attract funding, all while continuing research.
www.commercializationreactor.comThe Stockholm School of Economics in Riga (SSE Riga) is a business school in Riga, Latvia, founded in 1994 and over the years has acquired a reputation as the leading business school in the region. You don’t have to go far from home to study in one of the best Business Schools in Europe.
"By providing an education that is competitive at the European level, SSE Riga gives talented Baltic students an opportunity staying “at home” rather than going abroad for studies. Otherwise, the most talented might leave the region and once they have done that, it will be difficult to lure them back," says Anders Paalzow, SSE Riga Rector.
The SSE Riga mission is to contribute to the competitiveness of the Baltic countries through education and research.
www.sseriga.eduThe Ljubljana University Incubator (LUI), established in 2004 at the initiative of the University of Ljubljana, is one of the leading centers for the support and development of innovative startups in Slovenia. It is primarily focused on assisting companies that are based on breakthrough technologies (deep tech) in areas such as healthcare, artificial intelligence, advanced use of raw materials, mobility, biology, chemistry, robotics, and many others; however, it also gladly supports other promising ideas and companies.
LUI offers comprehensive support from the early stages of development and assists in connecting with investors, providing access to workshops and mentorship. The entrepreneurial content that LUI regularly organizes creates an environment where researchers and entrepreneurs can learn from each other, exchange ideas, and find potential collaborators. In doing so, LUI practically helps in developing business models and finding funding, and ultimately provides entrepreneurs with a structured business environment for a successful start. This means that LUI serves not only as a space for the growth and development of new companies but also as a catalyst for the establishment of research startups.
It is important to emphasize that LUI's support is not limited to just the initial stages of the entrepreneurial journey but includes continuous assistance, which involves help with raising venture capital and grants. LUI is involved in numerous international projects, such as EIT Health, Digivitality, Urban Mobility, and EIT Raw Materials, and most importantly in the DeepTech Alliance, which further demonstrates its commitment to supporting companies from their early stages to expansion into international markets. Thus, LUI not only strengthens the local ecosystem but also contributes to the global progress in the field of deep tech innovations.
LUI members and alumni, including successful companies like Zemanta, Visionect, Recatalyst, OriginTrail, Doctrina, MESI, Eggo, Spektral, DivjaLABS, and others, are proof that with the right support, your business idea can succeed.
www.lui.siThe University of Ljubljana is the oldest and largest higher education and scientific research institution in Slovenia, founded in 1919.Today, it is attended by around 40,000 students and employs more than 6,000 teachers, researchers, assistants, and professional and administrative staff at 23 faculties and three art academies. The main building, the academies and many faculties are located in the city centre. The newer university buildings are located on the outskirts of Ljubljana, giving the university and its students an old-world feel in the city.
The University of Ljubljana is renowned for its quality social and natural sciences and technical study programmes, structured in accordance with the Bologna Declaration. Our projects keep pace with the latest developments in the areas of arts, sciences and technology at home and abroad.
The University of Ljubljana has close ties with Slovenian companies and foreign enterprises. Our partners include multinational corporations and the most successful Slovenian companies. As we are fully aware of the importance of knowledge and skills in obtaining our own financial sources, we are increasingly developing our market oriented activities every year.
www.uni-lj.siInnovations Hub (InHub) is a Polish startup hub focused on developing the pre-seed sector. We are building the Polish startup ecosystem by connecting mentors, experts, companies, corporations, public institutions and organizations. We specialize in the creation and development of startups (venture building) and support micro, small and medium-sized enterprises (SMEs). Our goal is to change global incubation practices, educate and support young entrepreneurs to enter the market with their own ideas.
At the Innovations Hub Foundation, we focus on the young. We believe that it is their minds that are full of extraordinary, often groundbreaking, ideas. What's more, it's young people who overwhelmingly declare that they can take risks and devote themselves to startup activity - taking a step that older people don't choose to take. We believe that by bringing together the best young innovators into interdisciplinary teams, providing them with experienced experts or mentors, as well as support from VC funds, we are able to effectively change the startup market in Poland and support their ideas in commercialization.
www.innovationshub.pl/enI’ve encountered a scientific team and technology which took my attention at the Commercialization Reactor’s “Ignition Event”. Since that day my career shifted from corporate (ex. Deloitte) to creating something really meaningful, where I took on the business leadership role and was able to create my own Deep-Tech Startup in the field, where I did not have technical expertise. Business leadership in Deep-Tech is all about aggregating people to achieve a common goal - bring value to investors, industry and solve a global issues. With strong team, commitment as well as support from Commercialization Reactor I eventually got myself to a point, where my startup (Naco technologies) was acquired by a multi-billion company. Since those days, I am still active in Deep-Tech Entrepreneurship, building new company to solve other global challenges.
I'm was seeking for the most inspiring challenge and attractive growth opportunity. Having experienced manufacturing, marketing and design before, creating value through building tomorrow's solutions has been a guiding principle. For this reason, after joining the Commercialization Reactor in 2019, I founded a startup with scientists. This journey has been unparalleled in several dimensions, from developing a new perspective for business start-ups, engaging with exceptional people, and experiencing an exciting new entrepreneurial endeavor.
My journey in the deep-tech startup world started with the series of Commercialization Reactor’s workshops where I learned about the deep-tech startup lifecycle. I realized I needed to get involved since I had always dreamed of having my own company. It was about making a meaningful impact that has always been important for me. I don’t have a technical background (a degree in PR & Marketing), but I am now using my skills and strong sides to lead a deep-tech startup, after forming a team with scientists at the Ignition Event. By transforming into a deep-tech entrepreneur, I feel I can make the world better in truly profound ways.
I came to the Ignition Event in 2018 as a Year 1 Business & Economics student, just to see how things are done there, to potentially get involved in the future. I had work experience and a couple of small startup attempts, but I’ve always wanted to do something on a large scale, where I could invest my passion for the new and better that will change the world. That got me - despite the initial plan to “just have a look”, I met a team of scientists with an invention that was simple and ingenious, and truly impactful. So, here we are - now I’m building a medical biotech company, having learned and learning with an exceptionally smart and ambitious community, and being involved with solutions that truly move the human and the world forward.
Being in the community of people who are building their companies alongside will also help you learn faster and avoid making common and less common mistakes.
So do not be afraid of lack of experience. If you gravitate towards Deep Tech - just come and take a look. Watch the future unfold and let it come naturally – you will learn along the way.
1. During the "Ignition Qualifiers" it is only a couple of hours per week online. That will be enough for you to immerse into the culture and manage expectations.
2. At the "Ignition Event", which is held in the format of a 2-day online conference, you will get exposed to presentations by science champions and will have an opportunity to connect and decide if and which one you are willing to start a company with.
3. Then, you will start preparing your new Team for the launch. Commitment is always about "the more the better", but here is what to expect by default: A. The first few months (as you start to learn more and more about building the vector of development for your project), are less time-intensive. During that period, you will still most likely be engaged in activities / business that keeps your family economy / income in balance. B. As you start raising capital (in particular seed-round, which starts from low to mid 6 figure numbers) you'd be required to commit more time in order to really accomplish the goals. Hence, as the central dogma of successful entrepreneurship says – "Success is a function of commitment".
Let's think about it this way:
Some Scientists have spent decades on developing the core competence and the Technology that they are going to exclusively transfer into a company that YOU may choose to create after meeting them at the "Ignition Event".
Therefore, regardless of you being a seasoned serial entrepreneur or just starting your career - it is important to equip your mindset with Deep-Tech Entrepreneurship tools.
It is not necessary in the beginning. We respect the importance of having a stable perspective of the future – one of the aspects of which is keeping your financial security intact.
Once you progress with your Deep-Tech venture (which means that you manage to raise seed capital) - it will require you to revisit the commitment balance and be able to dedicate more of your focus towards bringing success closer.
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