The 2018 Charite BIH Entrepreneurship Summit Slated for May 7-8

Charite BIH Entrepreneurship Summit  pic

Charite BIH Entrepreneurship Summit

A venture investor, Jean-Jacques Degroof is also a teacher of entrepreneurship and innovation management. Committed to developing the next generation of business leaders, Jean-Jacques Degroof supports Stiftung Charite and has been participating in the Charite BIH Entrepreneurship Summit since 2012.

Stiftung Charite was established to provide support for medical projects that will ultimately benefit all of mankind. A few years ago it launched the Charite BIH Entrepreneurship Summit to promote innovation in the biomedical sector. Every year, the summit hosts over 400 leaders in healthcare innovation from around the world to discuss and share ideas about opportunities for improving biomedicine.

The 2018 Charite BIH Entrepreneurship Summit will be held on May 7 and 8 at the Berlin-Brandenburg Academy of Sciences and Humanities in Berlin, Germany. The summit will bring together entrepreneurs, scientists, investors, policymakers, and physicians to discuss major discoveries and emerging trends in global healthcare. Participants will also share insights on the future of healthcare, interact with industry professionals from the world over, and develop business partnerships to spur growth in the field of biomedicine.

The 2018 entrepreneurship summit is themed “From Vision to Patient.” It is supported by the Berlin Institute of Health.

MIT Sloan’s LearningEdge Business Teaching Program

MIT pic


An educator and mentor, Jean-Jacques Degroof was a fellow of the Center for Business and Government at Harvard University’s John F. Kennedy School of Government. In addition to his work at Harvard, Jean-Jacques Degroof was a Sloan Fellow of the MIT Sloan School of Management.

MIT Sloan’s mission is “to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.” In line with this goal, the school launched LearningEdge in 2009. LearningEdge is a collection of case studies and management simulations appropriate for teaching business and management. The materials were developed by the school’s faculty and students and have a creative commons license, meaning they can be downloaded and used by anyone in the world.

The case studies cover various topics including entrepreneurship, operations management, leadership and ethics, strategy, and sustainability, all areas where MIT Sloan faculty have shown exemplary expertise. The studies highlight how business managers make decisions, and are designed to elicit class debates rather than promote a certain view.

The management simulations are virtual re-creations of real-world problems. Students come up with solutions for these problems and get to see how the actions they propose play out in the virtual world.

Engineers Without Borders – Improving Communities Through Engineering


Engineers Without Borders USA pic

Engineers Without Borders USA

As a graduate of the Massachusetts Institute of Technology Sloan School of Management, Jean-Jacques Degroof has engaged in venture investment for over 17 years. Acting as both an investor and teacher of entrepreneurship and innovation management, he has helped young entrepreneurs refine their business projects. In 2010, Jean-Jacques Degroof also sponsored the MIT chapter of Engineers Without Borders.

Engineers Without Borders USA (EWB-USA) is a non-profit humanitarian organization that partners with communities to meet basic needs in developing countries through sustainable engineering. To accomplish this goal, EWB-USA provides several programs. One such program is the Community Engineering Corps which brings together engineering professionals and students to design solutions for communities in need within the United States.

In union with the American Waterworks Association and the American Society of Civil Engineers, these volunteers provide communities with free services in rural and urban municipalities. Community Engineering Corps volunteers have also worked with shelters, community gardens, and other groups and organizations that are striving to improve quality of life.

Why Find a Business Mentor?


Jean-Jacques Degroof

Jean-Jacques Degroof earned a master of science in management and a PhD from the Sloan School of Management at the Massachusetts Institute of Technology (MIT). In recent years, Jean-Jacques Degroof has focused on mentoring young technology entrepreneurs to help them refine and improve their business projects.

According to research from the website MicroMentor, businesses that receive mentoring during the pre-launch stage succeed at a 13 percent higher rate than the average new business. Mentors can increase manager accountability by providing third-party neutrality, as well as offering valuable networking opportunities to help young professionals advance their careers. A business mentor can give valuable feedback in areas such as employee morale and company culture, while offering encouragement when business owners face setbacks. Business mentors can also advise on specific tasks, such as bookkeeping and payroll. Overall, a business mentorship can be a mutually beneficial connection that improves the skills and strategies of both mentor and mentee.

Speakers at the 10th Charité BIH Entrepreneurship Summit


Charite Entrepreneurship Summit in Berlin pic

Charite Entrepreneurship Summit in Berlin

A former Sloan Fellow at the MIT Sloan School of Management, Jean-Jacques Degroof teaches entrepreneurship at several business schools in Europe. Jean-Jacques Degroof is also a former member of the advisory board of the Charité BIH Entrepreneurship Summit.

The 10th Charité BIH Entrepreneurship Summit took place on May 8 and 9 in Berlin. The event brought together more than 415 medical entrepreneurs, physicians, scientists, and investors. This year’s event also featured over 65 speakers, including, Siegfried Bialojan, head of the Ernst & Young Life Science Center in Mannheim, Germany, and Emmanuelle Marie Charpentier, director of the Max Planck Institute for Infection Biology.

The 2017 summit included a special emphasis on Israel and showcased Israeli medical and life science start-ups. Attendees also enjoyed the opportunity to hear from prominent speakers from Israel, including Anya Elda, vice president of the Start-Up Division at the Israel Innovation Authority, and Doron Abrahami, the Minister for Commercial Affairs and Head of the Economic and Trade Mission in the Israeli Embassy in Berlin. Finally, the summit’s LifeSciences VentureMarket featured talented entrepreneurs from Israel, Germany, Denmark, and the United States.

What is the Society for the Advancement of Socio-Economics?

Society for the Advancement of Socio-Economics pic

Society for the Advancement of Socio-Economics

Venture capital investor Jean-Jacques Degroof mentors teams of young entrepreneurs in the technology sector. Additionally, Jean-Jacques Degroof has authored research papers on subjects related to entrepreneurship, one of which he presented at the 2003 conference of the Society for the Advancement of Socio-Economics (SASE).

SASE is an international organization that brings together academics, business professionals, and government officials from more than 50 countries to explore and advance the understanding of economic behavior within a wide array of academic disciplines. Each year, SASE hosts a conference in a different city. The most recent conference, which was held at the University of California, Berkeley, in June 2016, featured panels, paper presentations, and mini-conferences with the theme of “Moral Economies, Economic Moralities.”

Along with an invitation to attend the annual conference, members of SASE receive a subscription to the journal Socio-Economic Review and access to a range of exclusive online resources available through the organization’s website. Members also have the opportunity to participate in the exploration of socio-economics within a network of other scholars on the subject.

How to Become an Educational Counselor at MIT

Educational Counselor at MIT pic

Educational Counselor at MIT

An alumnus of the Massachusetts Institute of Technology (MIT), Jean-Jacques Degroof is an investor and educator who teaches entrepreneurship to business students across Europe. Outside of his professional life, Jean-Jacques Degroof serves as an educational counselor with the MIT Educational Council.

MIT educational counselors have a responsibility to serve as representatives of the university in their own communities. They also conduct interviews with MIT applicants to identify potential candidates for admission and to serve as a source of support for those who eventually become students at the institution. In order to become an educational counselor at MIT, an individual must meet certain requirements.

The primary requirement to become an educational counselor is that one must have earned an undergraduate or graduate degree at MIT. In addition, the university prefers to recruit individuals who have demonstrated enthusiasm about their own experiences as students at the university. Those who wish to become educational counselors must also commit to becoming familiar with events occurring at the university and be able to maintain positive relationships with young people.

Educational Counselors Bring Fresh New Talent to MIT

MIT’s Educational Council pic

MIT’s Educational Council


Jean-Jacques Degroof is a private investor and researcher with academic ties to Harvard University and MIT, as well as multiple leading institutions in Europe. As part of his ongoing commitment to MIT, from which he earned his PhD, Jean-Jacques Degroof volunteers his time as an educational counselor for the school.

The is a collaboration between dedicated alumni, known as educational counselors (EC), and staff in the Office of Admissions. They work together to seek out and recruit the most promising young people for each year’s new freshman class.

ECs serve three main functions within the program. First, they serve as an accessible community resource, acting as a liaison between MIT and local youth. Ergo, ECs become the human face of MIT.

Second, though interviews are an optional part of the MIT application process, most candidates choose to participate in an interview with an EC, whose job it is to evaluate each candidate and submit a report to the Office of Admissions.

After students are admitted to MIT, the EC’s final role is to help them decide which school within MIT is right for them. The EC then continues to offer useful advice to students during this often stressful time.

Entrepreneurship in Europe: Past, Present and Potential Future Trends

Ever since I wrote my Sloan Ph.D. thesis in 2002 on spin-off ventures from universities in the Europe, I have been working to bring a stronger entrepreneurship culture to countries in Europe.  Post WWII Europe, unlike Boston or Silicon Valley, had a weak entrepreneurial culture and infrastructure.


Since I wrote my thesis, the environment has changed a lot at one level. Entrepreneurship has spread all over the world as a recognized model of development and innovation, including in Europe. In the meantime, we have also experienced the rise of the mobile technology, the emergence of the « cloud », and the decrease of the cost of information technology, which has lowered the barriers to start a company. Also, policy makers have recognized the value of entrepreneurship as a mode of development and innovation and have multiplied the programs and initiatives supporting entrepreneurship.


While the context has changed dramatically since the late 1990s, the cultural lens through which people in Europe view entrepreneurship has not changed that much. When entrepreneurs, policy makers, and investors talk about entrepreneurship they still mean primarily self-employment, in contrast to a growth-oriented model of entrepreneurship.


Small and Medium Enterprises (SMEs)  vs. Growth-oriented Entrepreneurship.


In the last ten years, while mentoring young entrepreneurs and helping launch a couple of spin-offs in Europe, and examining multiple business plans, it has struck me how much the SME or self-employment model is still so dominant among entrepreneurs, policy makers, and investors. It is true even among tech start-ups in spite of the diffusion of the growth-oriented model of entrepreneurship imported from the USA since the Internet bubble. It is not only the dominant model of entrepreneurship for entrepreneurs, but it also the reference of policy makers, university administrators, and, most surprisingly, investors. Both models are legitimate of course, but in Europe we need more ventures in order to grow to rejuvenate the industrial fabric of our economies and to create jobs. In terms of policymaking, each model needs different types of support mechanisms, which is why it is important not to confuse the needs of one model and the other.


In order to understand why the self-employment model is still so prevalent, it is useful to briefly consider recent history. In the aftermath of WWI and WWII, with Europe being destroyed for the most part, people aspired for stability. After being the theatre of two world wars, risk taking had a different meaning in Europe than in the US. These decades also saw the building of the welfare state, especially after WWII, which created the expectation that the State should provide for almost everything (e.g. the French government budget represent 56% of GDP). This context explains in part why most people tried to get a job in public service or in a large company. Entrepreneurs were “losers” who had not been able to get a public job or at a large company.


Most of these entrepreneurs operated on a survival mode and, when they did not survive (most of the time), they suffered from a stigma of failure. They were far from being role models!. The logic of these entrepreneurs was self-employment: to start a small firm to provide them (and often their family) with a job and a source of income. Risk taking was kept at a minimum and growth was not a priority. Keeping control of the business on the other hand was key since it was the source of the owner’s income. Opening up its capital was avoided at all cost because it meant loss of control of the vehicle providing income.


In any case, governments and their administrations did not make it easy for small firms to develop. Often regulations incentivized small companies to stay small. For instance, in some countries like Italy there are a huge percentage of firms with 49 employees. Why? Because once firms reach the number of 50 employees, they are submitted to all sorts of administrative burden and mandatory trade union representations. While the small entrepreneurs were not highly considered, owners and executives of large private companies were regarded as “exploiters” in a culture in which many circles of opinion makers were infused with Marxism. This was largely the perception of entrepreneurship until the 1990s.


1990s:  Seeds of Change


A number of changes occurred at this juncture of the early 1990s, which explain the subsequent change in the perception of entrepreneurship. First, the collapse of the Soviet Union discredited Marxism and socialism to some extent. Second, the changing demography of Western European countries made the financing of the welfare state increasingly difficult, including public employment (still nowadays, however, 32% of the Belgian workforce are civil servants and 48% of the workers draw their income from the State). Also, under the pressure of globalization, large companies reduced hiring in Europe, where cost were high, in favor of expanding their operations in developing countries. This highlighted the contribution of young firms to employment. Finally, in the 1990s, European policy makers realized that Europe was lagging in terms of innovation. Except in a few sectors such as pharmaceuticals, aerospace, and nuclear industry, which are fairly old, Europe had no world leaders in high-tech. European world leading companies had been founded for the most part at the turn of the 20th century (e.g. Siemens, Phillips, Roche, Fiat). In contrast to the USA, Europe did not have ten, twenty, thirty year-old companies that had become world leaders in their industry (e.g. Microsoft, Biogen, Oracle, Google). This realization made European policy makers accept (often reluctantly) that entrepreneurship was a valid mode of innovation.


When we compare it to the earlier perception of entrepreneurship, it was quite a change. Governments embarked in the mid to late-1990s in a number of policy initiatives aiming at stimulating entrepreneurship. For instance, they all adopted laws replicating the American Bayh-Dole act of 1980 giving universities the ownership of the intellectual property of academic research financed with public funds and imposing on them the duty of commercializing this research. The Internet bubble of the late 1990s – early 2000, gave another impetus to this trend in favor of entrepreneurship, which, for the first time, appeared to be “cool.” The Internet area introduced in Europe the concept of the start-up with a growth-orientation, which is a totally different type than the traditional small business (SME).  The tables below summarize main differences.





Growth-oriented venture







Pursue an opportunity with high potential to maximize economic value for the entrepreneur and his supporters.






Open (outside funding)




Weak – overlaps with ownership


Growing professionalization – distinct from ownership.






Exit – “liquidity event”





Growth-oriented venture





Working capital


Growth Capital










Personal and bank loans, Public subsidies


Angel investors

Public subsidies


Post Internet Bubble Era


Of course, the Internet bubble collapsed and somewhat discredited the “start-up” model of entrepreneurship, but the seed of this concept had been planted. It got a second chance starting in the years 2000s with the advent of the mobile area, the “cloud” and the lower price of technology, which lowered the barriers to starting a firm. Suddenly a student with a laptop was in business!


Meanwhile, large companies continued to reduce employment. The rigidities of the European labor market institutionalized a two-tier employment market with existing workers enjoying strong employment stability and benefits. It generally is very expensive to fire employees in Europe and it is sometimes impossible in practice. Because of this, companies tend to do all they can not to hire workers. As a result, younger people are largely shut out of the labor market, as reflected by unemployment rates among the younger population that are generally double those of the average population (often 20% and up).


In such a context, a growing number of young people have embraced the opportunity to start or to join a venture as their unique way to start a professional career. In contrast to prior decades, the fear of failure has decreased, because of the young age of most of these entrepreneurs. If they fail, they return to live with their parents. They look at their spell as entrepreneurs as an “experience.” The economic crisis of the recent years, following the financial crash of 2008, has reinforced this trend. Governments, for their part, confronted with high unemployment and eager to stimulate innovation, launched all sorts of supportive initiatives, from financial incentives to incubators. As a result, we have experienced a sort of “start-up mania” since 2007 with a growing number of new ventures being founded. It is a positive development given where we come from, but there are major issues.


Entrepreneurship in Europe still means primarily self-employment or traditional SMEs, in contrast to growth-oriented entrepreneurship. This latter model is still poorly understood by most of the stakeholders, in spite of the Internet and the flow of information. Founders still aspire mostly at creating a substitute to a job or at most a SME. Consistent with this view, their concern is primarily keeping control of the business rather than growing it. We see the same phenomenon at the policy making level. Policy makers now recognize entrepreneurship as a valid mode of development and innovation, at least rhetorically, but their policies primarily support self-employment and SME types of ventures even if it is wrapped into a discourse saying “we want to be the next Silicon Valley.” In addition, these policies fit within a broader policy framework that still puts huge burdens on small and young firms that discourage growth.


Current and Future Challenges and Opportunities


The weak labor market for young people combined with the low barriers to entry due to cheap technology, attract a lot of young candidates entrepreneurs with insufficient skills and/or motivations and weak projects. Since public entities are eager to show that they help entrepreneurship, they make resources and support abundant, but they tend to exercise little selectivity. As I pointed out in my thesis years ago, high support + low selectivity is a recipe for weak entrepreneurial projects. Besides this selectivity issue, the current challenge in Europe is more about scaling up that about starting up ventures.


The few ventures with growth ambitions are confronted with a lack of venture capital. Seed funding is nowadays available (from public entities and from business angels), but there is hardly any venture capital industry in Europe to fund the expansion phase of ventures. Part of the reason for this lack of venture capital is ideological: a majority of politicians are still wary of the market economy, as is the huge public sector and a large percentage of opinion makers in the media and in education. There is also a great lack of understanding of the mechanism of venture capital among policy officials. Another obstacle is the lack of institutional investors who allocate money to venture capital funds, such as pension funds and endowments. In Europe, most pensions are funded publicly. Universities are public as well, and thus have no endowments, and the philanthropic sector is much weaker than in the US because the public sector tends to provide for social and cultural causes. The fragmentation of Europe is also an obstacle to growth of its ventures. Expanding to a new country is expensive, because it means adapting to new rules, others tastes, and different regulations.


Do startups provide better jobs? This is a question of great interest to us all. I have little evidence to answer this question. There is, however, a general trend towards precarious work contracts whether at established companies or at new firms. As mentioned above, because of the characteristics of the job market, employers are afraid of hiring workers based on regular contracts. There is also a trend towards hiring people as contractors rather than employees. However, the growing number of young people joining or starting start-ups seems to indicate some attractiveness, in spite of the fact that some join new ventures because large companies no longer hire. One aspect, however, that I can reflect on based on my experience is the fact that most young people approach jobs at startups as if they were jobs at established companies. I experienced various situations in which people refused stock options or financial incentive mechanisms and requested instead a raise. In other situations workers refused to temporarily lower their wage in return for equity, when the company was going through a tough time. For those workers, going to work for a start-up was primarily getting a job, probably in a more exciting environment, not participate in a venture project.


There is another interesting phenomenon today that reflects the visibility of new ventures that are disrupting existing industry patterns.  I’ve noticed that in the last few years there is increased nervousness in large corporations that increasingly fear there is a start-up out there that is going to eat their lunch, following the disruption created by new technologies and the sudden rise of young companies such as Facebook, AirB&B, Uber, or the “fintech” (technology ventures in the financial sectors). European companies are also afraid of the US technology giants such as Google, Amazon, and Apple. For instance, last fall at the Frankfurt auto show (the largest in Europe if not in the world), the talk of the year was not the new model of BMW, but software. The big car manufacturers are afraid that Google or Apple will control the software in the their car and that they will end up being manufacturers of “boxes on wheels.” Similarly, banks fear that “fintech” start-ups and US tech giants will steal the most profitable businesses in their value chain and they will remain with the costly infrastructure. So, in the last couple of years, large established companies have started to monitor new ventures and have purchased some. A growing number have started incubators for start-ups and venture funds that allow them to be aware of the latest innovations. This strategy also reflects the recognition by large firms that they are poor innovators.


In summary, entrepreneurship in Europe has come a long way in recent years but still has a long way to go.  Let us hope that all the parties—entrepreneurs, investors, policy makers, and existing companies—continue building the culture and infrastructure that will foster an inclusive innovative economy that works for all.

Grants and Prizes for Students at the Mossavar-Rahmani Center

Grants and Prizes pic

Grants and Prizes

Jean-Jacques Degroof, a former fellow of the MIT Sloan School of Management, is an educator and mentor who focuses on instruction in entrepreneurship. In addition to his fellowship at MIT, Jean-Jacques Degroof was a fellow of the Center for Business and Government at Harvard University’s John F. Kennedy School of Government.

Now called the Mossavar-Rahmani Center for Business & Government, it seeks to improve the knowledge and policy understanding of issues at the intersection of the public and private sectors. Drawing on the unique intellectual resources of the Kennedy School and Harvard University, it brings together thought leaders from both business and government to conduct research, engage in dialogue, and seeks answers that are both rigorous and policy relevant.

While a CBG Fellow, Jean-Jacques Degroof pursued the research initiated while he was a Ph.D. candidate at MIT on academic spin-off ventures as vehicles of technology transfer. This work fitted within broader interests of the Mossavar-Rahmani Center for Business & Government that seek to improve linkages between research and policy communities.