Today the connectUS 2016 delegation was warmly welcomed by Swissnex at their office in Boston.
As an introduction Jonas Brunschwig briefly explained to us the unique characteristics of the vibrant ecosystem especially for entrepreneurs in Boston. With over 300 universities it is a huge pool of talents. Jonas refered to Boston as Athen of higher education. This makes it also very attractive for startup companies as well as for venture capitalists.
Furthermore the Consul Dr. Felix Moesner gave deeper insights into the mission of Swissnex. Their overall mission is to connect dots, mainly between public to private partnerships. The areas they focus on are education, innovation and research. Through hosting as well as in participating in selected events like the New York Fashion Week or the MIT Career Fair, they want to strengthen Switzerlands reputation as a center for science and innovation.
After a short coffe break we could enjoy two presentations about entrepreneurship which enriched our knowledge with new perspectives we didn’t hear so far.
Martin Steinmann, Managing Partner of SteamFab Ventures, told us about his perspective of the differences between Switzerland and the US business culture. He talked about seven variables that are crucial when starting a startup in the US: Culture, Financing, Market Size, Test for Demand, Team, Commitment and the Legal Framework. Especially he pointed out that a good preparation is key, as failure matters and is not easely forgiven by venture capitalists.
The last presentation of the day was hold by Patrick Anquiel, PhD, CEO of Portal Instruments. He shared his personal success story in the field of life sciences with us which represents his formula for entrepreneurial success: Select a huge market, define a clear value proposition and have a defensible IP.
His presentation ended with a quote of Steve Jobs: “You can only connect the dots backward“.
In the afternoon after lunch Jonas Brunschwig gave us a tour through the MIT and showed us the most important places.
Cambridge innovation Center and Venture Cafe
At the end of the day the connectUS delegation had the great opportunity to visit the Cambridge Innovation Center and got a tour through the location. The CIC supports the entrepreneurship community in Boston. In the end we could join a real life networking event at the Venture Cafe.