“Entrepreneurs Change The World!”

1. “Entrepreneurs Change The World!” Emprendedor XXI Madrid Launchpad 2009 Professor Alan Barrell – Entrepreneur in Residence – Cambridge University Centre for Entrepreneurial Learning

2. A Preview • Eye on The World and the Financial Crisis • Heroes – Large and Smaller • Are Entrepreneurs Different ? • Being an Entrepreneur • And then there is Technology – Wow ! • The International Dimension • Networks, Networks, Networks ! • Show Me the Money $$! • Messages for Missionaries

3. Casting an Eye on the World’s Financial Crisis – What’s changed ?

4. Who said these words and When “I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”

5. Who said these words and When “I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered” Thomas Jefferson1778

6. And what about these… “The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance”

7. And what about these… “The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance” Marcus Cicero 55 BC

8. Situations are what WE make them !.... It was the best of times, it was the worst of times…. It was the age of wisdom, it was the age of foolishness.. It was the epoch of belief, it was the epoch of incredulity It was the season of Light, it was the season of Darkness It was the spring of hope, it was the winter of despair…. We had everything before us, we had nothing before us We were all going direct to heaven, we were all going direct to “the other place” Charles Dickens – “A Tale of two Cities” 1859

9. Global Financial Crisis - How did one survive…. before affluence became commonplace?....

10. But - think Boom ….not Gloom….many successful businesses started in recessions…. “I started the Cobra Beer Company in a deep Recession – and it proved to be the best time for me….introducing something innovative and exciting changed the way people thought about Indian Food and Beer” Lord Karan Bilimoria Founder – Cobra Beer

11. Timing can be everything….Is the time right to make the Entrepreneurial move?.... “There is nothing more powerful than an Idea whose time has come……” Jules Verne

12. This strange looking team also started in a recession….but got their timing right

13. Microsoft Corporation, 1978 And in 30 years, became a powerful engine of Growth, Change and Innovation – their ideas changed the World….

14. But the eye on the World shows lots of changes….its not just the finances….

15. Organisations Environment Issues Technology The death of deference Globalisation New employment patterns The Changing Horizon

17. Changes in Industrial Structure - UK% of Total Employment - UK Government Foresight Report

18. Changes in Industrial Structure - Europe% of Total Employment

19. Global Dynamics – Manufacturing has Migrated • Two fifths of the Worlds people live in the two fastest growing large economies – China and India • Education, Wealth Creation and New Knowledge are at the heart of Economic Planning in Asia • Growth in Asia is far ahead of Europe. • Dynamic Growth in Manufacturing Base • CASH is in place in the Asian economies – as well as brainpower- China has US$ 2 Trillions of reserves • Labour and Material cost advantages +++++

20. Sources of Competitiveness Information Learning Risk Creativity Reputation Speed Values Cost

21. Wherever Competition comes from….things can change fast – Today’s Peacock can be Tomorrow’s Feather Duster !

22. All international phone calls 1971 All airline passengers 1975 All mobile phones 1984 All emails 1992 All SMS 1998 And then there is Technology - Impact of the Continuous Technology RevolutionCompared to an average DAY in 2003…. Source: Analysys, World Bank and ITU

23. BIO TECHPharmaceuticalsDiagnosticsResearch/InfoToolsIndustrial INFO TECHHardwareSoftwareCommunications GenomicsBioinformaticsProteomics BiosensorsBiochips BioelectronicsMicrofluidicsNanobiotechnologyDrug Delivery NanodevicesNanosensorsNanoelectronics NANO TECHElectricalStructuralBiomedicalEnergy & Environment And Technologies are working together -Three Pervasive and ConvergingTechnology Platforms

24. What about those HEROES ? Where shall we begin?

25. A Spanish Business Angel….Who helped our Hero Christopher

28. An Imaginitive Hero….

29. Einstein on IMAGINATION…. “Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world” Albert Einstein 1879 - 1955

31. Pericles – “First Citizen of Athens” – Soldier, Thinker, Leader, “Culture, Beauty, Glory”

32. Aristotle – Plato – “Before their time – Thinkers, Philosophers, Leaders”

33. Confucius and “imagining the middle way”….

34. Francisco Pizarro

35. Pedro de Valdivia - founding of Santiago de Chile

36. Hero of Xiamen University Mr Tan Kah Kee

37. A more recent Chinese Hero “To get rich is GLORIOUS” Deng Xiaoping 1982

38. A REAL Hero….he changed the WORLD ! From a prison cell

39. A Hero’s Home for 18 Years….Could WE have survived it ?

40. Heroes can show Humility “Be the Change you want to see in the World” Mahatma Ghandi

43. Innovators can be Heroes unexpectedly…. Who gave us the Worldwide Web – The Internet ? It was as recently as 1992…. An Idea that became a Reality and changed the World…. Why did he make his Innovation?.....

45. So - thinking of Imagination….What’s different about Entrepreneurs ? “You look at things and ask - why? but I dream of things that never were and ask - why not?” George Bernard Shaw

46. Europe’s Entrepreneurial Imperitive – Josef Schumpeter - 1911 “Entrepreneurs blow gales of creative destruction.” • Role of the entrepreneur in transforming economies by developing: • New products • New methods of production • New ways of organizing • Untapped raw materials • Enhanced competitive performance Being an Entrepreneur means being different and bringing change

47. The drivers for change….Socio-Political….Entrepreneurial Influence ??....(Prof Shai Vyakarnam – Cambridge 2008) Migrations Within and into Europe Single Economic system India Berlin Wall Hasselhof China Is there a shift in economic centre of gravity? Completely new markets

48. More examples….Entrepreneurship and People / Society Making a united Europe a reality Transforming lives of the poor Democratising knowledge – “Education Without Borders” – “Liberate Minds” Creating breakthrough technology enterprises

49. Familiar Face….

50. As a younger man - Charles Darwin – “Natural Selection Adaptability and Survival” Darwin’s Bicentenary this year. A “Naturalist Entrepreneur”