#53: Alexander Schwartz and Ingrid Kelly Spillman - The Future of Early-Stage Deep Tech Investments in Europe

In this conversation, we will talk about the future of the Early-Stage Ecosystem in Europe.Speaker in the Episode:Alexander Schwartz joined IST cube in 2018 as a Partner. He has more than 15 years of experience in management consulting, eight of which with McKinsey & Company.Ingrid Kelly Spillman joined the IST Tech Transfer team in October 2018. Ingrid worked as a patent attorney in and for the pharma industry for more than a decade.IST cube focuses on startups with a strong background in science and technology, such as academic spin-offs or young deep tech companies. Topics we discuss in the show:In this conversation, we discuss:EcosystemsEarly-Stage InvestmentsVC Investment StoriesFrom Science to BusinessThe IST Ecosystemand much more…Shownotes:LinkVideoLinkTimestamps:(00:00) Introduction(02:50) Introduction Alexander (04:12) Introduction Ingrid (06:05) How are IST, Twist, and IST Cube linked?(09:21) The Success Story of IST – from Greenfield Operations to Top 3 in 15 years(13:20) IST Cube’s Role in the Early-StageCommunity(16:45) The People behind IST Cube(19:00) Investment Focus of IST Cube(21:50) What is the attractive opportunity in early-stage investments?(26:00) When is the right time to reach out to VCs?(29:30) How Academic and Business Mindset work Together in Early-Stage Development(34:45) The Attitude for Fundraising Companies(38:20) What is the right timing for creating a spin-out company?(43:14) What deal structures are possible for early-stage companies?(48:25) Entrepreneurial Expertise in the European Eco-System(58:50) Startup Business Models in the Early-Stage Investment Eco-System(01:03:00) How Investors and Start-Ups Work Together to bring positive change to the World(01:06:00) The IST Cube Eco-System in 2021 – Build Around Collaboration and Open Innovation(01:09:15) How The Innovation Eco-System in Austria Collaborates to Support Companies to go from Zero to One(01:12:00) How IST Cube Helps Scientists Making the Transition from Academia to Business(01:17:00)Ideas for the European Eco-System(01:20:10) Failure Culture in Europe(01:23:30) Exit Strategies for Founders and Investors(01:28:35) Four Attributes Startups Should Have to Fit into VC Models.(01:32:40) What is the essential first step in the creation of a new company?Podcast Links:Podcast Website: https://www.lifescienceget2gether.com/Community Partner: https://linktr.ee/lsg2gChristian Soschner: https://linktr.ee/soschnerLSG2G Twitter: https://twitter.com/LGet2getherLSG2G Linkedin: https://www.linkedin.com/company/life-science-get2getherPodcast Episodes: https://pod.link/1493847125Episodes on YouTube:  https://www.youtube.com/playlist?list=PLlZfrwd6iXrQ3LIANISUpP22seS2CsCEVSend us Fan Mail Join Christian Soschner for expert coaching. 50% Off - With 35+ years in deep tech, startups/scaleups, and public companies, Christian offers power video sessions. Elevate strategy, execution, and leadership. Book Now.Support the showJoin the Podcast Newsletter: Link