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This presentation will compare the more mature venture capital markets of the United States, Europe, and Israel with the larger emerging venture capital markets of China and India.

Most analyses being presented are as recent as the second and third quarters of 2009 and will include:

  1. Venture capital investment by number of deals and dollar amounts by stage and industry
  2. Valuation benchmarks by industry and geography
  3. Exit benchmarks by industry sector and exchange 
  4. Comparing specific differences of startups through their life cycles
  5. Venture capital firms investing in other geographies
  6. Cleantech deals and their latest performances

The methodology used in the analysis differs from the traditional Western model (comparison by round), since the investment patterns in emerging markets are very different.

About the speaker:

Dr. Martin Haemmig's venture capital research covers 13 countries in Asia, Europe, Israel, and USA. He lectures and/or performs research at numerous universities across the U.S., Europe, China and India. He has authored books on the Globalization of Venture Capital. He is Senior Advisor on Venture Capital at SPRIE and advises on venture capital for China's Zhongguancun Science Park. Martin Haemmig earned his electronics degree in Switzerland and his MBA and doctorate in California, and worked for almost 20 years in global high-tech companies in Asia, Europe and the U.S. before returning to his academic career. He became Swiss national champion in marketing in 1994.

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The Shorenstein Asia-Pacific Research Center inaugurates the Stanford Kyoto Trans-Asian Dialogue on 10 and 11 September 2009, with the cooperation of the Stanford Japan Center and the generous support of the City of Kyoto and other donors.

The Dialogue gathers established and rising leaders in various sectors - industry, media, academia, politics - for annual discussion of critical issues of shared concern. Experts from Stanford University and specialists from around the region will launch the Dialogue sessions in focused topics within the annual theme. The 2009 Dialogue centers on the question of "Energy, Environment, and Economic Growth in Asia," with sessions on the Geopolitics of Energy in Asia, Energy Efficiency, Clean Technology, and Post-Kyoto Greenhouse Gas Emissions.

Benjamin Self, Takahashi Fellow in Japanese Studies, directs the effort. "The Dialogue brings together distinguished experts from Stanford and Silicon Valley, top specialists from around the region, and leaders in various fields. The meeting begins with an exploration of the influence of energy competition on international relations in Asia. After establishing the geopolitical context the group will explore new ideas on how to promote energy efficiency, clean technology, and the reduction of carbon emissions."

The Stanford Kyoto Dialogue creates a new regional forum, with diverse participation from not only Japan but also South Korea, China, Vietnam, Indonesia, India, and Singapore. Working with the City of Kyoto, famous for "green" initiatives, Stanford's Shorenstein APARC will support inventive collaboration on common challenges.

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This dialogue will bring together distinguished experts from Stanford and Silicon Valley, top specialists from around the region, and leaders in various fields such as business, politics, academia, and media.  We will begin with an exploration of the influence of energy competition on international relations in Asia.  After establishing the geopolitical context the group will explore new ideas on how to promote energy efficiency, clean technology, and the reduction of carbon emissions.

Experts will look closely at the Japanese experience in the development and dissemination of energy efficient and pollution-control technologies, critical elements of meeting growing demands for energy without causing greater harm to the environment.  We will discuss how the United States, under the new Obama administration, may contribute more to the reduction of carbon emissions and the advance of alternative energy technologies.  And we will analyze how the growing energy consumers in developing Asia can join a post-Kyoto Protocol that effectively mitigates the environmental impact of energy use and reduces the tensions arising from competition for energy resources.

Kyoto International Community House Event Hall
2-1 Torii-cho,Awataguchi,
Sakyo-ku Kyoto,606-8536
JAPAN

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Corporate Affiliate Visiting Fellow
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Girish Masand is a corporate affiliate visiting fellow at Shorenstein APARC for 2009-10.  Prior to joining Shorenstein APARC, he has been working for Reliance Life Sciences at Navi Mumbai (India), as a Senior Research Scientist in therapeutic proteins.  His job responsibilities include the design of purification processes for therapeutic biotechnology products, process optimization and trouble-shooting of production processes, implementation of Quality by Design (QbD) for therapeutic biotechnology products, validation studies, characterization of final product and dossier preparations for regulatory submissions.  Masand will be doing his doctoral reserch in therapeutic proteins group.  He has previously worked with Intas Pharmaceuticals at Ahmedabad prior to joining Reliance Life Sciences in June 2001.

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Corporate Affiliate Visiting Fellow
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Buddhaditta Bose is a corporate affiliate visiting fellow at Shorenstein APARC for 2009-10. Prior to joining Shorenstein APARC, he has been working for Reliance Life Sciences in Navi Mumbai (India) since 2004 in the corporate development function. His job responsibilities include assisting the top management in strategy development and its execution. He has also worked in the business development function. Buddhaditta earned his bachelor degree in engineering from Nagpur University (India) before doing a post graduation in information technology from IIT Kharagpur (India) and post graduation in business management from XLRI (India).

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On Thursday, September 24, 2009, the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) at the Shorenstein Asia-Pacific Research Center will be convening a Silicon Valley Leaders Forum. 

This public forum will bring together area researchers and thought leaders to discuss the turbulent changes the Valley is experiencing and address the question of whether the fundamental drivers that have enabled the region to be an innovative and entrepreneurial world leader will continue to be in play in coming years. 

This event will serve as the kickoff for SPRIE's latest research project on Silicon Valley's next phase of transformation, a further and updated exploration of the ideas in The Silicon Valley Edge.

The first part of the day will feature a lineup of Silicon Valley luminaries, and the afternoon will close with a panel focused on changes in the venture capital industry. 

Lunch will be served and paid registration is required for this event.

Schedule:

8:00 a.m. - 8:30 a.m.Registration
8:30 a.m. - 9:30 a.m.

"Stanford and its (changing) relationships with Silicon Valley"

  • John Hennessy, President, Stanford University
9:30 a.m. - 10:30 a.m.

"Change is the Medium of Opportunity: Channeling Silicon Valley's Strengths to Lead on the Challenges of the 21st Century"

  • James C. Morgan, Chairman Emeritus, Applied Materials 
10:30 – 10:45 a.m.Break
10:45 -11:45 a.m.

"The Entrepreneur and The Cloud—Silicon Valley Rejuvenated"

  • John Seely Brown, Independent Co-Chairman, Deloitte Center for Edge Innovation 
11:45 a.m. – 1:00 p.m.Lunch
1:00 p.m. – 2:00 p.m.

"Silicon Valley's Innovation Engine:  Are We a Resilient Region?"

  • Doug Henton, Chairman and CEO, Collaborative Economics, and lead for the Joint Venture: Silicon Valley Network 2010 Index of Silicon Valley
2:00 – 3:30 pm

Venture Capital Panel 

  • Neal Bhadkamkar, Monitor Ventures
  • Bob Patterson, Peninsula Ventures 
  • Marianne Wu, Mohr Davidow

Keynote speakers:

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John L. Hennessy joined Stanford's faculty in 1977 as an assistant professor of electrical engineering. He rose through the academic ranks to full professorship in 1986 and was the inaugural Willard R. and Inez Kerr Bell Professor of Electrical Engineering and Computer Science from 1987 to 2004.

From 1983 to 1993, Dr. Hennessy was director of the Computer Systems Laboratory, a research and teaching center operated by the Departments of Electrical Engineering and Computer Science that fosters research in computer systems design. He served as chair of computer science from 1994 to 1996 and, in 1996, was named dean of the School of Engineering. As dean, he launched a five-year plan that laid the groundwork for new activities in bioengineering and biomedical engineering. In 1999, he was named provost, the university's chief academic and financial officer. As provost, he continued his efforts to foster interdisciplinary activities in the biosciences and bioengineering and oversaw improvements in faculty and staff compensation. In October 2000, he was inaugurated as Stanford University's 10th president. In 2005, he became the inaugural holder of the Bing Presidential Professorship.
 

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James C. Morgan is chairman emeritus of Applied Materials.  He previously served as chairman of the board from 1987 to 2009 and as chief executive officer from 1977 to 2003. Prior to joining Applied Materials as president in 1976, he was a senior partner with WestVen Management, a private venture capital partnership affiliated with the Bank of America Corporation. Prior to WestVen, he was with Textron, a leading diversified manufacturing company.

With one of the longest tenures of any FORTUNE 500 CEO, Mr. Morgan has an extensive history in business and philanthropy.  Mr. Morgan is a recipient of the 1996 National Medal of Technology for his industry leadership and for his vision in building Applied Materials into the world's leading semiconductor equipment company, a major exporter and a global technology pioneer which helps enable the Information Age. Awarded by the President of the United States, the Medal of Technology recognizes technological innovators who have made lasting contributions to America's competitiveness and standard of living.  Among his many honors, Mr. Morgan is a recent recipient of the prestigious Semiconductor Industry Association Robert N. Noyce Award, the highest honor bestowed by the SIA, for outstanding achievement and leadership in support of the U.S. semiconductor industry, and the Spirit of Silicon Valley Lifetime Achievement Award from the Silicon Valley Leadership Group, for his ethics, community engagement and business success.

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John Seely Brown is the Independent Co-Chairman of the Deloitte Center for Edge Innovation.  In addition, he is a Visiting Scholar and Advisor to the Provost at USC.

Prior to that he was the Chief Scientist of Xerox Corporation and the director of its Palo Alto Research Center (PARC)--a position he held for nearly two decades.  While head of PARC, Brown expanded the role of corporate research to include such topics as organizational learning, knowledge management, complex adaptive systems, and nano/mems technologies.  He was a cofounder of the Institute for Research on Learning (IRL).  His personal research interests include the management of radical innovation, digital youth culture, digital media, and new forms of communication and learning.  

John, or as he is often called--JSB-- is a member of the National Academy of Education and a Fellow of the American Association for Artificial Intelligence and of AAAS and a Trustee of the MacArthur Foundation.  He serves on numerous public boards (Amazon, Corning, and Varian Medical Systems) and private boards of directors.  He has published over 100 papers in scientific journals and was awarded the Harvard Business Review's 1991 McKinsey Award for his article, "Research that Reinvents the Corporation" and again in 2002 for his article "Your Next IT Strategy."  

In 2004 he was inducted in the Industry Hall of Fame. 

With Paul Duguid he co-authored the acclaimed book The Social Life of Information (HBS Press, 2000) that has been translated into 9 languages with a second addition in April 2002, and with John Hagel he co-authored the book The Only Sustainable Edge which is about new forms of collaborative innovation.  It also provides a novel framework for understanding what is really happening in off-shoring in India and China and how each are inventing powerful news ways to innovate, learn and accelerate capability building.

JSB received a BA from Brown University in 1962 in mathematics and physics and a PhD from University of Michigan in 1970 in computer and communication sciences.  In May of 2000 Brown University awarded him an honorary Doctor of Science Degree.  It was followed by an Honorary Doctor of Science in Economics conferred by the London Business School in July 2001. And in May of 2004 he received an Honorary Doctor of Humane Letters from Claremont Graduate School. In 2005, he received an honorary doctorate from University of Michigan and delivered their commencement speech. 

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Doug Henton has more than 30 years of experience in innovation and economic development at the national, regional, state, and local levels. Doug is nationally recognized for his work in bringing industry, government, education, research, and community leaders together around specific collaborative projects to improve regional competitiveness.

Doug is a consultant to the California Economic Strategy Panel, California's state economic strategy process linked to innovation, industry clusters, and regions. He has worked extensively in California to help develop regional economic and innovation strategies for Silicon Valley, Sonoma, Sacramento, Santa Barbara, San Diego, the Central Valley, and others. He was primary consultant to the Fresno's Regional Jobs Initiative, which used the clusters of opportunity methodology to identifying promising areas for development. Doug has also consulted with the California Partnership for the San Joaquin Valley, advising on economic development strategies. He has worked with the Great Valley Center on identifying promising areas for economic development, including renewable energy. In addition, Doug has worked with Next 10 on the continued development of the California Green Innovation Index.

He has also been consultant to several other state and regional agencies and organizations, including the Massachusetts Technology Collaborative, Chicago Metropolis 2020, the Potomac Conference, and Arizona Partnership for a New Economy. He has assisted Oregon with its current strategy for economic development, and has advised governors in New York, Ohio, Washington, and others on their economic and workforce policies.

Doug holds a Bachelor's degree in Political Science and Economics from Yale University and a Master of Public Policy degree from the University of California, Berkeley.

 

Venture Capital Panelists:
 

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Neal Bhadkamkar is a co-founder of Monitor Venture Partners, L.P. (MVP), an early stage venture capital fund affiliated with The Monitor Group. MVP invests in seed and first round companies that are commercializing technologies in markets where Monitor Group's knowledge and client base can be used to reduce market risk. He is currently on the boards of Nanostellar, a catalyst company based on nano-scale materials design, and Verdezyne, a "green chemistry" company based on synthetic biology. He is also a board observer at Matisse Networks, which designs, manufactures and sells metro-area Ethernet switches based on Ring Optical Burst Switching.

Prior to establishing MVP, Neal was VP of Engineering and Manufacturing at Zowie Intertainment, an Interval Research spin-off that made "smart-toys". At Zowie he oversaw the design and manufacture of custom ASICs, firmware, game software, plastic parts and the final product using a supply chain that spanned five countries. Before Zowie, Neal was at Paul Allen's Interval Research Corporation, initially as a member of the research staff and later as the head of Interval's commercialization activity, in which role he managed the transition of research projects into commercial ventures. Earlier in his career Neal was a management consultant with the Boston Consulting Group and with the Monitor Group, and was a Research Associate at the Harvard Business School.

Neal has a PhD. in Electrical Engineering from Stanford University, an MBA from Harvard Business School, and a Bachelor of Technology degree from the Indian Institute of Technology, Delhi. Neal lives in Palo Alto, California with his wife and three children.

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Bob Patterson is a Silicon Valley venture capitalist with Peninsula Ventures. He is now pursuing on a full time basis a career begun in the 70's while practicing international corporate law with Squire, Sanders & Dempsey. Educated in Physics and Nuclear Engineering at  UCLA and the U.S. Navy, before attending Stanford Law School and the Stanford GSB Executive Program, his legal and business career has focused on technology based entrepreneurship and the study of the science of capital formation for entrepreneurial based businesses, both domestically and internationally.

 

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Marianne Wu is a Partner at MDV where she focuses on Cleantech investments. These typically involve significant technology or business model breakthroughs applied to large, evolving markets such as solar, biofuels and chemicals, clean coal, energy efficiency, smart grid, and water treatment and management. She leverages over 15 years of technology development and business experience to help entrepreneurs build meaningful, successful businesses. At MDV, she is on the Board of Laurus Energy and works closely with Zeachem and Catilin. 

Marianne has been named one of Top 10 Women in Cleantech and one of Silicon Valley's Women of Influence. She is on the Advisory Committees of the Cleantech Open, Western Governors' Association, SdForum and Astia. She is a member of the Hua Yuan Science and Technology Association (HYSTA) VC Group and Environmental Entrepreneurs.

Prior to joining MDV, Marianne was VP Marketing at ONI Systems where she was responsible for product strategy and market development. Earlier in her career, Marianne was a consultant at McKinsey and Company where she advised major technology clients on strategic and operational issues. Marianne has conducted state-of-the-art research in materials, devices, and systems at Stanford University and started her career as a design engineer at Nortel Networks where she developed high-speed networking technologies. 

Marianne earned both her doctoral and master's degrees from the School of Engineering at Stanford University and her bachelor's in Applied Science at the University of British Columbia.

Bechtel Conference Center

John Hennessy President, Stanford University Speaker
James C. Morgan Chairman Emeritus, Applied Materials Speaker
John Seely Brown Independent Co-Chairman, Deloitte Center for Edge Innovation Speaker
Doug Henton Chairman and CEO, Collaborative Economics Speaker
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Silicon Valley is increasingly invested in clean technologies and is already looked upon as a global leader in new technological development. As happens with most new technologies in their infancy, Silicon Valley's focus is currently on component manufacturing. However, a difference from earlier technology cycles is the upfront impact of globalization, especially the emergence of China and India as providers of skilled labor and large markets.  Accordingly, the globalization of cleantech could follow some well-trodden paths and some new ones:

  1. As manufacturing gets modularized, firms such as Applied Materials might shift component work to East Asia. Some of this is already happening.
  2. System integration and other service provision might increasingly be provided by the large Indian system integrators. As of 2009, however, there is little evidence of this happening.
  3. Firms in Europe and East Asia have been investing in cleantech for some time now, and might participate in technological leadership. 

In each case, we are interested in exploring the time-frame and the driving forces.   These will typically be outcomes of a mix of regulatory, domestic market and skills issues.

The conference, the fifth in the annual series on the Globalization of Services, will likely host about 20 academics and 40 corporates, as with past events. 

Presentations are planned by firms in Silicon Valley in the fields of component manufacturing, systems integration and service provision; by overseas service providers on how outsourcing in these areas improves outcomes in terms of strategic direction, efficiency, cost-savings and accountability; by OEMs on supply-chain linkages with service outsourcers; and by venture capitalists and consultants on how their work helps the process of outsourcing cleantech services.

Registration is required for this event ($30 by Dec. 4, $45 late) and includes continental breakfast, lunch and free parking. Use the RSVP link at the top of the page to register.

Information on the previous Globalization of Services conference, including presentations, is available here.

8:00Registration and Breakfast
8:30Welcome and Objectives
Rafiq Dossani
8:35-9:15

Keynote: Fostering the Green Economy--The Case of California
Ricardo Martinez Garcia, Deputy Secretary, California Environmental Protection Agency

9:15-10:30Panel: Cleantech technology trends
Marc Hoffman, Glacier Bay | Ajit Nazre, Kleiner Perkins | Swaminathan Venkataraman, Standard & Poor's
Lead discussant: Professor Dimitris Assimakopoulos, Grenoble School of Management, France
10:30-10:45Break
10:45-12:30Panel: Software and services
Chris Farinacci, Hara.com | Matt Denesuk, IBM | Sai Gundavelli, Solix
Lead discussant: Professor Petri Rouvinen, ETLA Finland
12:30-1:45Lunch
1:30-3:30Panel: Manufacturing
Charles Consorte, Zeptor | Chris D'Couto, Neah | Marc Hoffman, Glacier Bay
Lead discussant: Professor Margot Gerritsen, Energy Resources Engineering, Stanford University
3:30-3:50Break
3:50-5:30Panel: Globalization
Rafiq Dossani, Stanford | Joe Muscat, Ernst and Young | Bob Nelson, Akin Gump | Sean Wang, ITRI | Tomoya Yamashiki, Toray Industries (America) Inc.
Lead discussant: Henry Rowen, Stanford University

 


This conference is the 5th annual "Globalization of Services" conference, made possible through the generosity and efforts of ETLA, The Research Institute of the Finnish Economy, the University of Colorado, Denver and Wipro.

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Gundavelli Solix
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PrescribingCultures front cover

Pharmaceutical policies are interlinked globally and at the same time deeply rooted in local culture. Prescribing Cultures examines how pharmaceuticals and their regulation play an important and often contentious role in the health systems of the Asia-Pacific.

The first section of this timely book analyzes pharmaceutical policy in China, Korea, Japan, Thailand, Taiwan, Australia, and India. The second section focuses on two cross-cutting themes: differences in "prescribing cultures" and physician dispensing; and the challenge of balancing access to drugs with incentives for innovation.

The book's contributors discuss important issues for U.S. policy. These include such hot-button topics as drug imports from Asia, regulation of global supply chains to assure drug safety and quality, new legislation to encourage development of drugs for neglected diseases, and the impact that decisions about pricing, regulation, and bilateral trade agreements have on access to medicines at home and abroad. In Prescribing Cultures, pharmaceutical policy reveals the economic trade-offs, political compromises, and historical trajectories that shape health systems.

Prescribing Cultures also illustrates how cultural legacies shape and are shaped by the forces of globalization, and thus will be of interest to students and scholars well beyond the confines of health policy.

Desk, examination, or review copies can be requested through Stanford University Press. 

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