And so to the final event of YAIC 2011: a special workshop on how to present your idea/ concept/ business model to a group of investors and business development specialists.
Hosted by Iceland’s New Business Venture Fund, this workshop began with an explanation of who the NBVF are and how they operate, by Helga Valfells, Managing Director of the company. We learned that the company was founded in 1998, has invested in around 150 (Icelandic) companies, are shareholders of around 39 companies, and have made a total investment in the creative industries if around 1700 million ISK.
Among the companies they have helped are Gogoyoko, Grapewire, Nordic Photos, Lazytown (recently sold), Gogogic and design company Nikita.
Ms Valfells explained how NBVF, despite being government owned, enjoy a great deal of independence, and how they tend to invest in technological companies, many of which have a creative bias. She commented that one of the most important element in pitching is showing the strength of one’s team: their knowledge, skill set and/or attitude. “An A team with a B idea is better than the other way around,” she claimed. The company then look at the business concept, what problems the pitching company might be solving in the world, financial planning (“essential, even if plans don’t always follow that path in real life”), plus how the pitch addresses markets and things like competition.
In front of a “Dragon’s Den” style panel that consisted of Ms Valfells, Egill Másson (Investment Manager at NBVF), Svana Gunnarsdóttir (Investment Manager at Frumtak) and Eyþór Ívar Jónsson (CEO of Klak – Innovation Centre and Associate Professor at Copenhagen Business School), YAIC participants were then invited to present their concepts to see how they might be received in a real environment.
The first pitch was by a lady involved in an improvisation vocal and dance project consisting of nine women from four Nordic countries, who wanted to plan musical experiences and perhaps a school that taught improvisation. Not the most obvious pitch, but it was popular with the panel, the majority of whom said they would back it, albeit with an urge to focus more, and be specific about who the audience might be, how the project would make money and how much would be needed.
Next came Christine from NYC, a music writer who had the idea of creating a “musical exchange” between musicians from NYC and Iceland, to help foster creative enterprise as well as travel experience. This was also well received, despite being a very sketchy idea in the first instance, though again the panel specified they would need more information regarding funding, and more specific dynamics.
The third, and most comprehensive pitch was from Icelandic Cinema Online, who have already begun their business without funding, but who are looking to expand and bolster what they have. Again, it was unanimously agreed that the project was a great idea, and had great potential in a variety of ways. Whether real pitches to investment funding companies would be quite so relaxed and full of fun brainstorming is a moot point; but the workshop really did give an insight into the kinds of things potential pitchers would need in order to make a serious bid for money.



























Three films by Iain Forsyth and Jane Pollard will be screened in 

Mugison was born on a karaoke stage in Malaysia, a bastard child of Elvis and PapaMug. Working his career from the Westfjords of Iceland, Mugison has released 4 full-length studio albums, scored three films, started a music festival (Aldrei fór ég suður) and made a new instrument, which he calls Mirstrument. His latest album is named Haglél (e. Hailstorm). His first with icelandic lyrics, it has just been released in Iceland.
Song For Wendy are a duo – and a couple – from Iceland and Denmark. Built on the vocals and atmospheric keyboards of Disa Jakobs and the picking guitar and vocals of Mads Mouritz, they wear frequent comparisons to Beach House and the classic duo’s of the 50′s.
We got some last minute goodies for you. Rasmus Wiinstedt Tscherning will also be speaking at this year´s conference. He is the Managing Director for CKO (Center for Culture and Experience Economy),an agency established by the Ministry of Culture and the Ministry of Economy and Business. In addition to CKO’s responsibility to create growth and innovation in the Danish business community through collaboration with creative businesses, Rasmus is also responsible for projects from the Nordic Council of Minister’s KreaNord initiative on policy development, Nordic government collaboration and financing opportunities for creative businesses. Rasmus has also launched the Creative Business Cup, a competition of creative business ideas and he manages the Reach Out program for the Ministry of Culture, which focuses on innovation in cultural life.
New confirmed speaker! Hilmar Sigurðsson will be speaking at You Are In Control this year. Hilmar is the CEO of CAOZ hf., an Animation Production Studio in Reykjavik. CAOZ is releasing locally ‘Legends of Valhalla – THOR’, Iceland’s first ever full animated feature film in 3D on October 14. The film has been in development and production for 7 years. The film has been sold to over 50 countries world-wide and the company is now full force on development of an on-line computer game, publishing and licensing programs, including live action performances in key markets in Europe. Legends of Valhalla is developing into a full blown cross media programme, all based on the Nordic Mythology, documented by Icelanders close to 800 years ago.
A fantastic addition to this year´s conference is Champagne Valentine who have transformed the art and advertising cosmos with their expressive and provocative creations. They shapeshift between commercial, fashion, music and interactive realms while remaining attuned to ethical and contemporary art trends. Visionaries Geoffrey Lillemon and Anita Fontaine hailing from USA and Australia respectively have exhibited their works in real and virtual spaces since the millennium bug, summoning an international cult following. At the forefront of emerging interactive technologies their work also incorporates music video and fashion films, sites, apps, installations, apps, lazer beams, and the stuff nobody saw coming. Their adored clientele includes the likes of Nowness, Diesel, Tate Modern, Edun, Bernhard Willhelm, (RED), Tim Burton and Vh1. Champagne Valentine’s headquarters are situated in the enchanting village of Amsterdam.
You Are In Control is proud to announce that Darren Webb will be hosting a workshop on how to optimise the online experience for both bands and fans through online integration of social media, e-commerce and website.
It’s also a pleasure to announce that Tilman Scheel has confirmed his participation at this year´s conference. Tilman Scheel is the ManagingDirector of 
