Scale-EUp² – ecoSystems Connected to AcceLerate and Encourage European Union start-uPs with high Potential
Scale-EUp2 is a market driven project aiming to scale-up 30 IoT/deeptech start-up through the connection of 4 hubs (Paris area, Barcelona area, Stuttgart/Karlsruhe area, Styria & Carinthia area). The market focus is on 4 emerging application domains of the Internet of Things (IoT)/deeptech: Smart Cities, Mobility, Industry 4.0 and Health and Well-Being.
Six events (called Deeptech4good) will be organized during the project in the 4 hubs to help start-up raise funds (fundraising pitch contests), meet large corporates from the areas (business to business meetings) and get involved in public-funded innovation and R&D collaborative projects (open innovation workshops).
- Screening and mapping high-potential start-up:
The objective is to identify the start-ups with high growth potential, learn how to help them individually, organize coaching sessions to help the start-up fine-tune their strategy and identify the most relevant actions to connect them with strategic partners in the value chain, access emerging markets and attract investment. Meetings with the start-up’s management team will be organized and an online “platform” will be implemented to facilitate the identification of skilled employees and recruitments at both the local and European scale.
- Facilitating market access:
A methodology will be developed to analyze the value chain taking into account the characteristics of the players targeted in the project, their development strategies, the diversity of technological bricks in the emerging field of “Internet of Things” and the specificities of the 4 applicative domains in the scope of the project to develop concrete, business oriented collaborations between the high-tech start-up. The value chains analysis will allow to organize open innovation workshops and matchmaking sessions, attracting stakeholders beyond the technological perimeter: public authorities, students, researchers, insurance companies, legal representatives…
- Attracting private and public finance:
After a benchmarking phase at each regional level, a board of private investors will participate in start-up fundraising challenges to evaluate the applications and the pitch sessions during the 6 events organized throughout the project. Moreover start-up will be informed, during the open innovation workshops, of every public funding opportunities at the regional, national and the European level to transform the emerging ideas into collaborative projects.
- Organizing Deeptech4good events to foster collaborations:
Six events (called Deeptech4good) composed of 4 main parts will be organized throughout the project:
- fundraising pitch: 5 start-ups selected by the investors’ board in each of the 4 categories will pitch their project in front of the audience and get feedback from the investors,
- a matchmaking event with corporate players will focus on providing start-up market access,
- an open innovation workshop, relying on the needs of the targeted markets and on the results of the value chain analysis, will be organized to facilitate the emergence of collaboration projects between the different stakeholders.
The events will be organized according to the following provisional agenda: 11th July 2018 (Paris – France), October 2018 (Germany), January 2019 (Austria), March 2019 (Spain) June 2019 (France), October 2018 (Germany). We will try to link our events with other major existing events to lower costs and acquire higher exposure.
|Opticsvalley||Karl GEDDA||General Manageremail@example.com|
|Opticsvalley||Paul STEFANUT||Business and Innovation Managerfirstname.lastname@example.org|
SEP 2.0: Facilitating Startup-Corporate Partnerships and Endorsing Exits
When compared to international heavyweights like Silicon Valley and Tel Aviv, Europe’s scaleup scene falls short. Few of its startups are able to scale, and even fewer fit to acquire unicorn status. Startup Europe Partnership 2.0 finds its roots in the recognition of this gap.
Funded through the Commission’s Horizon 2020 project, SEP’s first iteration was established in January 2014 at the World Economic Forum in Davos, its objective to transform startups to scaleups by linking them with global corporations, investors, and stock exchanges.
In its second phase of funding, SEP 2.0 takes its initial aim to action.
The project is a partnership between 6 European organizations — Mind the Bridge (Italy), European Startup Network (Belgium), Nesta (UK), ELITE (Italy), Startup Olé (Spain), and Scaleup Institute (UK). Together, the members will organize four Scaleup Summits, all with the same intent: facilitating startup-corporate partnerships, increasing international visibility for European scaleups, and fostering exit opportunities (IPOs in particular).
After scouting upwards of 20,000 scaleups, Summits will host 75 each, totalling 300 participating scaleups. This is alongside an undetermined number of corporates and investors. Verticals are pre-determined, with the objective of increasing likelihood of successful business partnerships. For the first go-round, to be held in Milan on March 15 and 16, deep dives are Artificial Intelligence, Blockchain, and FoodTech.
Still, highly qualified scaleups might prove worthy; in this case, scaleups working in Digital Construction, InsurTech, Connected Cars, and additional alternative industries may be nominated.
On Summit days, corporates and scaleups will engage in qualified, face-to-face business meetings; have access to training activities concerning cultural disparities and how to produce productive partnerships; and generate procurement, development, proof of concept, and other collaborative exercises. Scaleups will connect with new customers, explore and penetrate alternative markets, and increase turnover.
The Summits should prove no less valuable for international investors and corporates, who can improve knowledge concerning investment in the digital sector and subsequently enlarge the investment pool itself. They will, too, obtain additional analysis and understanding of market trends and business models in digital sectors.
Finally, bi-annual meetings will facilitate financing and improve liquidity for European investments in fast-growing ICT startups and scaleups, and, as noted, stimulate financing through stock markets.
Over the two-year project period, expected impact is strong: 800+ scaleups matched with corporate investors, 600+ introduced to IPO opportunities, 250+ with increased international exposure, and 100+ obtaining dedicated IPO preparation via ELITE’s intensive accelerated exit program. SEP 2.0 anticipates €750M+ capital raised via Venture Capital follow-up rounds and IPOs, on top of €20M+ in new revenue via facilitated business deals.
In order to achieve such aims, SEP 2.0 will build on existing platforms with proven effectiveness and reach — e.g. Startup Europe Partnership and European Startup Network. With 24 member countries engaged in ESN’s ecosystem, the organization has access to over 25,000 startups and has built long-standing international relationships that will prove advantageous to the project’s ends.
SEP 2.0 provides these platforms with additional scale, integrating them with innovative activities in collaboration with international stock markets. In order to incorporate diverse and dynamic exercises, SEP 2.0 will blend physical activities with online services.
The project’s first major event kicks off this spring and will run until December 2020, with insights and improvements along the way.
Nominations will be accepted on a rolling basis — incubators, accelerators, and alternative organizations are welcome to provide qualified scaleup names to email@example.com.
To stay informed about the project, subscribe to ESN’s newsletter at http://europeanstartupnetwork.eu.
About Startup Europe
Started in 2011, Startup Europe has become a reckoned reference in the European startup related field. Our mission is to build a Startup Continent by increasing the connectedness among all players of the European startup ecosystems.
Article written by Emily Bogen, a great intern at ESN.
Europe is back: Accelerating Breakthrough Innovation
The independent High-Level Group of Innovators advising the European Commission has published its recommendations on how a European Innovation Council (EIC) should fund and nurture breakthrough innovation from start-up to scale-up.
In their report, entitled ‘Europe is back: Accelerating breakthrough innovation‘, they recommend that a future EIC provides simplified and flexible financing, tailor-made for the needs of the innovator and which incentivises private investment for rapid scaling up. They also recommend boosting awareness of Europe’s innovation successes and leveraging European ecosystems, so that highly innovative companies can benefit from expertise and partnerships from across Europe.
Four factors that hold back breakthrough and deep tech innovation in Europe have been identified:
- Funding – Breakthrough innovation, in particular deep tech, requires large investments, over a significant time period. This is the kind of finance that is missing in Europe and presents a systemic failure;
- Awareness- Europe needs a flagship initiative on breakthrough innovation that can attract the best innovators and connect local and sectorial ecosystems;
- Scale – Europe needs continental scale to compete at global level;
- Talent- Europe needs role models and champions.
The document should provide a critical mass of funding and expertise for high risk / high gain breakthrough innovation, which empowers the innovator and incentivizes private investment.
Commissioner for Research, Science and Innovation Carlos Moedas welcomed the recommendations and said they formed a significant input for the development of a full-fledged European Innovation Council as part of the next EU Framework Programme for Research and Innovation. The report was first presented to French President Emmanuel Macron at the World Economic Forum in Davos, who has made similar calls for a European agency for innovation.
Commissioner Moedas said:
These recommendations show how a European Innovation Council would empower our most talented innovators and stimulate an environment of risk-taking, entrepreneurship and scaling-up to the international stage. They come at a critical time in the preparations for the next EU research and innovation programme.
The Group’s chair, Hermann Hauser, co-Founder of Amadeus Capital Partners, said:
We are convinced that our fourteen recommendations – on funding, awareness, scale and talent – will constitute a step change in the impact of EU innovation support and help catapult Europe into pole position in the global innovation stakes
Bindi Karia, Start-upexpert and advisor and Member of the High-Level Group of Innovators added in the report:
Ecosystem players from across Europeare all involved in the Startup Europe project, andwhat has transpired is that these leaders fromeach country collaborating and learning from eachother borders. And it continues to grow. From citieslike Paris to Berlin to Stockholm to Lisbon, the keypeople in these communities know each other andare increasingly collaborating with each other, dealby deal and company by company.
The High-Level Group of 15 leading innovators was launched in January 2017. Their recommendations will be considered in the Commission’s proposals for the future EU research and innovation Framework Programme (post-Horizon 2020) due to be presented by this summer.
The Commission has launched an EIC pilot programme (2018-20), to test out new approaches within the current Horizon 2020 programme to better support top-class innovators, start-ups, small companies and researchers with breakthrough ideas with scale up potential.
Soft-landing: a new Startup Europe project
Soft-landing is a 24-month project that will connect startup ecosystems through numerous exchanges of key representatives that will strengthen the knowledge about EU, US, and India’s startup scene, build strong networks and trust between the ecosystem stakeholders, and help European startups scale by providing Soft-landing support in target destinations.
The project is coordinated by Startup Division. Startup Division is a leading startup support organisation in the EU connecting broad networks in Europe and building bridges between startup ecosystems globally. Through a variety of pan-European and global projects, Startup Division collaborates with numerous renowned accelerators, incubators, investors, business angels & venture capitals. Startup Division helps startups scale, expand globally and raise funds by providing expert mentorship, running world-wide entrepreneurship support projects, helping to access investors, top-notch accelerators & incubators, and providing soft-landing support.
Startup Division is accompanied by 4 great partners – F6S, GTEC – German Tech Entrepreneurship Center, IMT Starter, Crosspring Lab. Here is some more about the team that make up the Soft-landing project:
- Crosspring Lab in The Netherlands is ICT focused incubator/accelerator with its own investment programme and has a strong track record of successfully scaling its startups. Crosspring Lab are experts of innovation and commercialisation that have helped numerous ICT startups to grow and scale.
- IMT Starter in France is based in the Paris metropolitan area the IMT Starter Incubator has accompanied and helped to scale 180+ IT companies that have created 1,600 jobs. It has strong ties with Silicon Valley through its immersion programme and has an Alumni network of 15,000 experienced and successful entrepreneurs and mentors.
- GTEC in Germany is a first private-sector open campus for entrepreneurship in Europe. Since 2015 GTEC hosted 50+ startups from 10+ countries, worked with 4000+ founders, managers and experts from leading international corporations and institutions (such as Bosch, Postbank, Airbus, Energy Australia, Statoil, Mercedes-Benz).
- F6S in The United Kingdom is the largest social network for Startups in the World, that has over 1,800,000 profiles for the Startup & SME community and more than 680,000 Startups, and supports the majority of the EU Startup and SME ecosystem through deal flow and applications.
Main Soft-landing activities will consist of Ecosystem Discovery Missions, Soft-Landing stays and Speaker & Mentor Exchanges. Throughout the span of the project, 200 missions, 96 soft-landings and 50+ speaker exchanges will take place. The ecosystems will connect not only all 4 hubs, but will also reach out to US, India, and potentially China and/or Israel. Over 2 years more than 100 feedback events will take place after each mission and soft-landing where all startups and key ecosystem builders will come to present their experiences and share their knowledge.
The blooming of a new Startup Europe project: My Gateway!
Last week, in Budapest, the kick off meeting of a new Startup Europe project took place. A project which aims to connect entrepreneurs in the Czech, Romanian and Slovenian ecosystems: My Gateway.
At the meeting project partners got to know one another, got a glimpse of what tasks and roles everyone will be carrying out and got an insight into the ecosystems we’ll be working with. We also had the pleasure to meet the representatives of the three Balkans countries we’ll extend our network to: Bosnia and Herzegovina, FYROM and Serbia.
Europa Media, the leader of the project, showed some bursts of creativity in the organisation of the meeting, and planned activities where the partners’ knowledge of the project was tested! All Work Package leaders (yes, that’s how we divide the work in the project) were asked to gather their teams and quickly present what their tasks are about. Some real eruptions of imagination and outburst of drawing skills were detected in this part!
Once this exercises finished, one by one, we pitched our work plan, requirements and ideas which gave rise to doubts that were asked and answered as the meeting progressed.
After the meeting, we could not miss out on the chance of strolling down the river Danube, treasuring the beauty of the buildings that overlook it.
The following day we went through some technical requirements we will all master at some point!
To conclude, we all know the project will change and adapt during the 24 months of its course, responding to the changing needs of the startup world, but the main focus will always concern the connection amongst the ecosystems guaranteeing growth and knowledge exchange. The project’s website will soon be up, so bear with us and find out more about the Central and Eastern Europe countries!
Poland has 15 winners for European final
StartUp Europe Awards is an initiative of the European Commission, together with Finnova Foundation, which presents a methodology to encourage open innovation and collaboration between the different actors of the entrepreneurial ecosystem. In addition, “it aims to accelerate startups with funds from the European Union (SME instrument up to 2.5 million euros), as well as offering legal advice, networking, international communication, among other benefits” states JuanmaRevuelta CEO of Finnova Foundation. StartUp Europe Awards is also a tool to improve the awareness and communication of entrepreneurship values.
Foundation Work Nations organized the Polish final. The Foundation for the Nations, the Polish is an initiative by the Youth for Christ to draw together suitable YFC projects from around the world to with those who have to financial capacity to make them happen. The motto is “Wealth into Worth for the World”, to make informed decisions about safe giving destinations for their hard-earned money. The winners in this country are:
For Agritech, the winner is BZB UAS. BZB is primarily people – passionate, committed and devoted to their work, always ready to help and support their clients. BZB consists of professionals with many years of experience in the construction and operation of unmanned aerial systems (UAS) that are confirmed by many internationally competitions.
PackHelp, for Creative is a startup allows designing and ordering customised packaging. The product’s main advantages are: very intuitive and user-friendly online box editor, a very small minimum quantity per order (30 pieces contrary to industry’s average of 500 pieces) and a very short production process that starts from 14 days. The company is currently present in all of the EU, whilst the offer has been localised for seven markets in total.
Cybersecurity category was won by SpecFile. They make easy, secure, data management everywhere. It is easy and intuitive 1-click protection for files.
Revas won Edtech category. Revas delivers tools for entrepreneurship education – industry specific business simulations – for secondary schools and universities. Simulation participants run virtual businesses in a selected industry that match their field of study/profession (Car garage, Beauty salon, Transport company, IT services). They compete on a virtual market getting hands-on business experience and training business acumen & key competence.
For the e-Health Pregnabit category. Early detection of threats to mother and baby, including through CTG measurements, may have a real impact on quicker medical response during pregnancy. Pregnabit system enables CTG monitoring of pregnant women at anytime and anywhere. Our mission is to support health care professionals, to bring every pregnancy to the happy end.
OgarniamPrad.pl won Energy category. The first social energy trading platform for collective and profiled energy purchasing and switching. It allows smaller customers – households and SME – execute bulk-buying power and shop around for the best energy deals in real time and switch to the most competitive retailers offering black or green electricity and gas. Easy, reliable and profitable as it has never been before.
In the Fintech the winner is ZweyfikujFirme, “Yearly entrepreneurs in Poland lose 100 billion PLN due to payment gridlocks. 80% of companies have difficulties with receivables collection. We are preparing an automated online platform for entrepreneurs to assess companies’ current credibility based on the Standard Audit Files for Tax (JednolitePlikiKontrolne). Our solution is applicable for 1.6M companies in Poland. Thanks to our products companies can limit their losses from bad debt by 20% and increase sale by 1%. In cooperation with PKO BP we are working also on a product for financial institutions. We are a fintech team – we combine financial and technical skills. Two statutory auditors and IT specialist have knowledge required to successfully accomplish this project.
In Gastronomy category, STKTK Stocktaking is a long and laborious process. Traditional solutions are time-consuming and expensive. STKTK is a modern beverage stocktaking platform, which solves these problems and makes the whole process quick and easy.
HyperPoland, in Green category. Hyper Poland is a multidisciplinary team of experts working on the creation of a new means of transport – a vacuum train called the Hyperloop. It combines the advantages of trains and aircrafts, and at the same time eliminates the disadvantages of currently dominant means of transport. Under low vacuum conditions, the passenger and cargo pods can reach speeds of up to 1200 km/h, while consuming up to 1000 times less energy than in the atmosphere at the sea level.
In IoT, Tap ToSpeack is the winner. Tap To Speak is a web-based tool, that allows the event moderator or a speaker to communicate with the attendees of an event in real time. We turn every smartphone in the audience into a microphone. We enable the audience to communicate via audio, text,respond to surveys and polls. We also help the event organizers to identify and collect information about the audience.
Legal category was won by SpecPrawnik. Specprawnik.pl is a marketplace for people searching for lawyers. It is currently the most mature and recognizable legal tech platform in Poland with ready-to-buy legal services.
Less won Smart Cities Category. The company’s main goal is to create technologically advanced infrastructure solutions for urban revitalisation in the context of Smart City projects. We have a workforce of engineers, specialists and managers who have been working in large international companies over the last several years. This experience of co-operating in lighting, security, telecommunication and electronics, give good creative results of this synergy. We believe that through our actions, we will have a positive impact on the environment and the future of building public space infrastructure for our planet.
The best Social startup is Parrot One. Is a mobile messaging app and a physical touch keyboard to make communication and remote work easier for users with less agile hands (esp. the disabled and elderly). Our proprietary AI helps type entire sentences in a just a few clicks and learn new languages. Designed with the needs of disabled users in mind.
Sky Tronic won the Tourism category. They are specializing in designing and production of autonomous unmanned aerial vehicles (UAV) based on innovative fuzzy logic steering and flight control systems to enhance flight safety and stability in difficult weather conditions. Our unmanned helicopter is dedicated to more efficient and cheaper coordination of public safety and life rescue operations of mountain and water rescue agencies, police, fire department than existing helicopters to find the lost, injured and the victims of the accidents and snow avalanche victims faster and deliver medical equipment.
For Water category, Handy Shower is the winner. This is an innovative 3-in-1 personal hygiene system. The main idea behind the project was to help those living in the developing world, where sanitation conditions are often very problematic and every drop of water is precious. The device, however, can also be used during emergencies or simply for recreation. The full HandyShower kit includes a solar water bag, 4 interchangeable nozzles (a faucet, a bidet and 2 shower nozzles) and fits into a small sachet. The device is equipped with a patented self-closing valve, which facilitates water conservation.
Open Banking Is Here.
The use of APIs will accelerate the digital transformation of the financial landscape already sparked by the emergence of financial technology (or FinTech) companies.
Open Banking is just around the corner for European countries, with banks having to open up their data through application programming interfaces (APIs) by January 13 2018.
With public APIs, customers will have more options to interact with their bank. In this scenario, the bank will serve as a platform, on top of which third-party companies (such as startups) can build their own applications using the bank’s data to engage with customers.
Instead of doing all of their banking through one or two firms, customers will most likely have their current account with one provider and then aggregate financial services through other providers, all under the user interface of their choosing.
The Portuguese one-stop for all main banks data
In Portugal there’s an even more straightforward approach that will allow startups to access all main Portuguese banks data in a single platform instead of going to each bank API and adjust their solution in a case-by-case scenario.
Here, SIBS, the country main Fintech innovator, is already working together with the main banks to create an open API standard. This will mean for startups a one-stop access to the main Portuguese banks costumer data.
Startups will be able to build new products and services by accessing and integrating customer’s banking data – with their permission – into their applications.
But, more than this, startups can also have access to further support from SIBS in moving forward their solutions, including the co-development of new solutions, through the new edition of SIBSPAYFORWARD acceleration program, which as applications open until December 15.
Open door to deliver the Fintech Promise
For Fintech startups this changes mean an opportunity to fulfill their promise, the promise of groundbreaking technologies that will transform completely the financial landscape and the way consumers interact with financial products, by generating solutions that consumers will want to use in a widespread way.
Startup Europe Week 2018 opens registration for co-organisers
Startup Europe Week is the largest multi-event of its kind for startups in Europe and the third edition will be held 5th-9th March 2018. Its goal is to inform entrepreneurs of the support and resources available at a city and regional level.
Startup Europe Week, promoted by the European Commission and Startup Europe, aims to showcase the support available to entrepreneurs on a city and regional level. Regional diversity and local policy making still play a big role in shaping European startups, from helping entrepreneurs to incorporate a company, to providing grants or taxes breaks. For this reason, taking a local perspective is crucial to supporting entrepreneurs and startups in Europe.
In 2017, #SEW17 saw over 280 co-organisers organize hundreds of events in over 40 countries across Europe. The week was launched in Brussels with the Vice President of the European Commission, and as a grassroots movement achieved over 18 million impressions on social media and more than 100 thousand participants across all events.
In 2018, #SEW18 will be held between 5th-9th March and will expand to other global continents. Registration is now open for individuals to apply to co-organise a single event or multiple events in their local city or region.
A typical event aims to:
- Inform local entrepreneurs of the support available: via meetups, talks and workshops
- Connect all players in the local startup ecosystem: network between city and regional governments, accelerators, incubators, investors, corporates, media, universities and entrepreneurs
- Showcase what other regions in Europe are doing: to see what can be leveraged locally
To apply to become a #SEW18 co-organiser, please fill in this form, by December 29th: https://tinyurl.com/ycgmxwps
Further information about what it’s like to be a co-organiser on the Startup Europe Week website.
Applications open for IoT acceleration programme
IoT Tribe are launching our next equity-free accelerator programme for early-stage IoT start-ups. Are you interested in joining us?
We will be supporting 10 startups in a 12+12 week intensive acceleration programme based out of the North of England where you will power up your product development, market testing and investment readiness with engineers-in-residence, access to a prototyping and testing lab and joining in on supply chain missions to South East Asia.
- An early-stage IoT company?
- With an existing prototype and some evidence of product-market fit?
- With 2 or more founders?
- And the ambition to scale?
If so, apply to IoT Tribe North, the equity-free IoT accelerator. We’re offering 10 early-stage IoT start-ups a package worth over £100,000- and yes, its equity free!
More information at: http://bit.ly/IoTSupsAI