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STARTUPV: Different approaches in mentoring and tutorship for entrepreneurs in the three stages of a university entrepreneurial ecosystem

Griol Barres, Israel,Márquez Gómez, María,Giménez Carbó, Esther,Gómez Martín, M.

Abstract

Year after year, a crowd of students from the Universitat Politècnica de València (UPV), a polytechnic university in Valencia (Spain) with over 30,000 students, are encouraged to start their own business projects. Since 1992, IDEAS UPV, the Entrepreneurial service at UPV, has been mentoring entrepreneurs. Up till now, IDEAS UPV has helped in the generation of close to 1000 new businesses with a survival rate of over 60% in five years. In 2012, IDEAS UPV introduced new mentoring and tutorship activities for students by the creation of a business incubator within the university campus. StartUPV is currently a 5-year startup incubation programme and an entrepreneurial ecosystem with more than 300 startups and more than 50 million euros of overall private investment StartUPV programme is divided into three different stages: (i) STAND UP, in which startups define a business model and complete a validation process; (ii) START UP, in which startups achieve a targeted market share and build their company management team; and (iii) SCALE UP, in which startups achieve maturity and scale to other international markets. As university students and their startups face different needs in every step of the programme, different approaches for mentoring and tutorship are applied in every stage. For instance, a startup in the first stage is mentored in business modelling or market segmentation, while a scale up requires a more specific mentorship in dealing with corporates and venture capital. These different approaches are analysed in this work including the main findings of the 10 years of this programme.

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50 h Annual Con e ence in Sep embe 2022 1950 Is ael G iol-Ba es, Ma ía Má quez Gómez, Es he Giménez Ca bó and M. Es he Gómez-Ma - ín STARTUPV: Di e en app oaches in men o ing and u o ship o en ep eneu s in he h ee s ages o a uni e si y en ep eneu ial ecosys em - 10.5821/con e ence-9788412322262.1220 doi:10.5821/con e ence-9788412322262.1220 STARTUPV: DIFFERENT APPROACHES IN MENTORING AND TUTORSHIP FOR ENTREPRENEURS IN THE THREE STAGES OF A UNIVERSITY ENTREPRENEURIAL ECOSYSTEM I. G iol-Ba es 1 IDEAS UPV, Uni e si a Poli ècnica de València València, Spain 0000-0002-2197-9161 M. Má quez-Gómez IDEAS UPV, Uni e si a Poli ècnica de València València, Spain 0000-0001-6694-6868 E. Gimenez-Ca bo Escuela Técnica Supe io de Ingenie ía de Caminos, Canales y Pue os, Uni e si a Poli ècnica de València València, Spain 0000-0002-2856-4081 M. E. Gómez-Ma ín Escuela Técnica Supe io de Ingenie ía de Caminos, Canales y Pue os, Uni e si a Poli ècnica de València València, Spain 0000-0003-1555-4383 Con e ence Key A eas: En ep eneu ship Educa ion, Men o ship and Tu o ship Keywo ds: en ep eneu ial ecosys em, men o ing, s a ups, business accele a o , business incuba o 1 Co esponding Au ho : I. G iol-Ba es [email p o ec ed]p .es 50 h Annual Con e ence in Sep embe 2022 1951 ABSTRACT Yea a e yea , a c owd o s uden s om he Uni e si a Poli ècnica de València (UPV), a poly echnic uni e si y in Valencia (Spain) wi h o e 30,000 s uden s, a e encou aged o s a hei own business p ojec s. Since 1992, IDEAS UPV, he En ep eneu ial se ice a UPV, has been men o ing en ep eneu s. Up ill now, IDEAS UPV has helped in he gene a ion o close o 1000 new businesses wi h a su i al a e o o e 60% in i e yea s. In 2012, IDEAS UPV in oduced new men o ing and u o ship ac i i ies o s uden s by he c ea ion o a business incuba o wi hin he uni e si y campus. S a UPV is cu en ly a 5-yea s a up incuba ion p og amme and an en ep eneu ial ecosys em wi h mo e han 300 s a ups and mo e han 50 million eu os o o e all p i a e in es men S a UPV p og amme is di ided in o h ee di e en s ages: (i) STAND UP, in which s a ups de ine a business model and comple e a alida ion p ocess; (ii) START UP, in which s a ups achie e a a ge ed ma ke sha e and build hei company managemen eam; and (iii) SCALE UP, in which s a ups achie e ma u i y and scale o o he in e na ional ma ke s. As uni e si y s uden s and hei s a ups ace di e en needs in e e y s ep o he p og amme, di e en app oaches o men o ing and u o ship a e applied in e e y s age. Fo ins ance, a s a up in he i s s age is men o ed in business modelling o ma ke segmen a ion, while a scale up equi es a mo e speci ic men o ship in dealing wi h co po a es and en u e capi al. These di e en app oaches a e analysed in his wo k including he main indings o he 10 yea s o his p og amme. 1 INTRODUCTION Uni e si ies a e sou ces o alen in which hei s uden s a e p epa ed o ace he challenges o socie y. In addi ion o being ained in echnical knowledge, he eali y o he labo and p o essional ma ke s shows ha s uden s mus also be ained in ans e sal key skills in en ep eneu ship [1]. I is o his eason ha uni e si ies encou age and e alua e compe encies such as eamwo k, esilience and leade ship. Mo eo e , hese skills a e i al o he c ea ion o new companies. In 1992, he Uni e si a Poli ècnica de València in oduced IDEAS UPV, an ad iso y se ice o en ep eneu s om all he uni e si y communi y. Al hough ini ially only he i s phases o he en ep eneu ial p ocess we e co e ed, di e en ac o s such as he ole o uni e si y in i s egional ecosys em and he need o s a ups o s ay close o he uni e si y ha e esul ed in he c ea ion o comp ehensi e uni e si y en ep eneu ial ecosys ems. S a UPV is an en ep eneu ial uni e si y ecosys em and a 5-yea s a up incuba o p og amme managed by IDEAS UPV. Since i s c ea ion, mo e han 300 s a ups 50 h Annual Con e ence in Sep embe 2022 1952 ha e gone h ough his p og amme ha co e s all s ages o he en ep eneu ial p ocess. This pape p esen s he main ini ia i es ca ied ou in each o hese s ages. 2 ACTIVITIES AND SERVICES IN THE PROGRAMME Table 1 shows a e iew o ac i i ies and se ices in e e y s age o he S a UPV p og amme. Table 1. Main ac i i ies and se ices o S a UPV in e e y s age o he en ep eneu ial p ocess S age P eincuba ion S and Up S a Up Scale Up Main use s S uden s Young en ep eneu s En ep eneu s Business people Team En ep eneu Founding eam, Assignmen o oles Comple e a balanced eam Expansion o he eam, new managemen Du a ion While hey a e s uden s 1 yea 1 yea Up o 3 yea s Inno a ion TRL 1-3, Idea TRL 4-6, p oo o concep TRL 7-8, MVP TRL 9, whole p oduc Space School Cowo king P i a e o ice Cus om space Main ac i i ies Business Oppo uni y de ec ion, Mas e ing a echnology, S a ing a Business Model Iden i y cus ome pain, Beachhead ma ke , ma ke s a egy, Cus ome alue p oposi ion, compe i i e ad an age, de elop cohe en se o assump ions “Ge ing ou o he building”, De ining MVPs, Valida ion p ocess, Cus ome de elopmen “C oss he chasm”, Expand o new (in e na ional) ma ke s, In oducing new p oduc s and se ices, Ge ing in es men Main suppo ing Men o ing, eam building, hacka hons, inspi a ional alks, business idea compe i ions Men o ing, ainings on Ma ke ing and Financials, P o o yping, unding, pi ch compe i ions Men o ing, ainings on alida ion, unding, in ellec ual p ope y Men o ing, In e s o ’s Day, ainings on speci ic opics 50 h Annual Con e ence in Sep embe 2022 1953 Al hough each coho o s a ups is selec ed hinking o simila le els, hen each s a up ad ances a a di e en pace. Fo his eason, S a UPV p og amme allows he mos ad anced s a ups o go a a as e pace while he o he s can be p ope ly assessed oo. 2.1 P eincuba ion s age This p e-s age is mainly designed o s uden s who ha e a business idea. The uni e si y o e s inspi ing alks and hacka hons o encou age en ep eneu ial oca ions and a eam building pla o m o ind possible co ounde s in he p ojec . The main men o ing ac i i ies a e ocused on de ining a business model [2] and o acqui e a co ec unde s anding o he ma ke needs, and whe he he en ep eneu has o can access he echnical knowledge equi ed by he en ep eneu ial p ojec . Each o he uni e si y schools inco po a es a space o i s en ep eneu s. 2.2 S and Up s age This s age is designed o hose s uden s and g adua es who decide o ocus on c ea ing a business p ojec . A his s age, men o ing ocuses on es ablishing and quan i ying he key elemen s o a business model, such as he beachhead ma ke [3] and he alue p oposi ion. In addi ion, he eams wo k on o mula ing hypo heses. S a ups a e incuba ed in a cowo king space o acili a e syne gies. 2.3 S a Up s age In his s age, s a ups alida e hei business model h ough a alida ion p ocess in which MVPs [4], p o o ypes and expe imen s a e c ea ed, which in some cases can gene a e pa en s and o he elemen s o in ellec ual p o ec ion. In addi ion, lean s a up me hodologies such as cus ome de elopmen a e used o p oblem-solu ion i and p oduc -ma ke i . S a ups a e incuba ed o a yea in a p i a e o ice. 2.4 Scale Up s age In his las s age, s a ups s op being s a ups o become success ul companies. Ins ead o ocusing on alida ing a business model, hese companies ca y ou ac i i ies o expand and scale he p ojec in a ious ma ke s. Fo his eason, men o ing is ocused on in e na ionaliza ion, ma ke expansion and in es men . This s age las s up o h ee yea s in which he uni e si y p o ides a pe sonalized space o he company. 3 CONCLUSIONS Fo 10 yea s, S a UPV has been assessing s a ups buil by s uden s and g adua es om he Uni e si a Poli ècnica de València acco ding o he s ages desc ibed in his sho pape . Mo e han 300 s a ups ha e been incuba ed in his ecosys em and hese p ojec s ha e achie ed mo e han 50 million eu os o o e all p i a e in es men . 50 h Annual Con e ence in Sep embe 2022 1954 REFERENCES [1] Eu opean Commission (2018), P oposal o Council Recommenda ion on Key Compe ences o Li elong Lea ning. [2] Os e walde , A. and Pygneu , Y. (2010), Business Model Gene a ion: A Handbook o Visiona ies, Game Change s, and Challenge s, John Wiley and sons, Hoboken, pp. 14-19. [3] Aule , B. (2013), Disciplined En ep eneu ship: 24 S eps o a Success ul S a up, John Wiley and sons, Hoboken, pp. 50-55. [4] Blank, S. (2012), The S a up Owne 's Manual: The S ep-By-S ep Guide o Building a G ea Company, John Wiley and sons, Hoboken, pp. 209-210.