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MY-GATEWAY AWARDS 10 STARTUPS WITH WEB SUMMIT TICKETS

July 24, 2018 – MY-GATEWAY holds an open application to give away free Web Summit tickets to ten startups based in or focused on Central Eastern European countries until July 27th.

MY-GATEWAY is searching for the 10 most innovative and disruptive startups to join the MY-GATEWAY delegation at this year’s Web Summit in Lisbon, Portugal from November 5th to the 8th. A committee comprised of leading startup support organisations from Romania, Slovenia and Czech Republic will select the 10 startups through specific criteria.Some of the criteria include:having a developed idea, a financial plan and being based in or having a strong interest to work in the CEE region.

Would you like to apply? Click here.

As the largest tech conference in the world, with over 70,000 attendees, 1,200 speakers and 170 countries represented, Web Summit is the perfect event to gain exposure. The affair will consist of 3 full days of keynotes, workshops, and networking opportunities. In attendance will be a vast investor ecosystem,as well as over 2,500 international media outlets.

Krisztina Tóth, Director of MY-GATEWAY, explains, “We´re trying to create connections for these startups with other major ecosystems from within and outside of Europe by introducing them to investors, accelerators and mentors. This is one of the most important parts of MY-GATEWAY…. to create connections and provide access to networks that these stakeholders have in Romania, Slovenia, and Czech Republic.”

MY-GATEWAY is an initiative created by a team of experts who are passionate about improving the startup industry in Europe, specifically in the CEE region. With the aid of Startup Europe, MY-GATEWAY is helping startups gain insight into growth opportunities, access a vast stakeholder database and be represented at major startup related events. Additionally, this project will contribute to the expansion of Startup Europe to the Balkan region as well. This will be done through collaboration with leading startup support organisations in Serbia, Macedonia and Bosnia by analyzing how to adapt to the needs of the Balkan ecosystems.

“The driving force behind MY-GATEWAY is to make them connected, to let them learn from each other and to come up with meaningful activities that will help them support their startups”, says Tóth.

 

MY-GATEWAY is an initiative of Startup Europe that aims to strengthen the capacities of high-tech start-ups and innovative SMEs in the CEE region to become better connected, gain higher market exposure, and have improved, streamlined access to funding opportunities and talents. For more information visit us at http://mygatewayproject.eu/ .

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10 Million Euro Call – Info Day & Networking Event on 12 September 2018 | Topic: Startup Europe for Growth ICT-33-2019 / Innovation Actions

An information and networking workshop is organized by DG CNECT regarding the Innovation Actions of Startup Europe for Growth ICT-33-2019.

Budget: €10 Million.
Opening of the call: 16 October 2018,
Closing: 28 March 2019 17:00.

A budget of 10 million euro will be distributed among ecosystems builders and leaders who want to work with other ecosystems across Europe. We are looking for organisations aiming at “Connecting local tech startup ecosystems and supporting cross-border activities: among the 4-5 startups ecosystems connected by each project, at least half of them will be located in less developed ecosystems. The project should develop a single online entry point to each one of the ecosystems and connect them to the Startup Europe one-stop-shop. Cross-border activities will include: connecting tech entrepreneurs with e.g. potential investors, business partners, accessing skills and services helping startups soft land in new international markets. Particular focus will be placed on stimulating partnerships between scaleups and corporates with a view to procurement, mergers or acquisitions. Similar attention will be placed to support SMEs, startups and scaleups, wherever situated in Europe, to access public procurement opportunities across borders.”

The whole text of the call is available at: http://ec.europa.eu/research/participants/portal/desktop/en/opportunities/h2020/topics/ict-33-2019.html

 

The Workshop will take place on 12 September 2018 in Brussels in the European Commission’s, MADOU Auditorium, Place Madou 1, 1210 – Saint-Josse-Ten-Noode.

The event targets potential applicants to the calls for project proposals under the Horizon 2020 ICT-33-2019 topic.

 

Draft Agenda:

9:30-10 Registration

10:00 – 10:30 Welcome address

10:30-11:00 ICT-33-2019 Startup Europe for Growth topic presentation

11:00-11:30  Proposal evaluation: expert perspective

11:30-12:30 Questions and answers

12:30-13:30 Networking lunch

13:30-15:30 Presentation of ideas for proposals

15:30-17:00 Networking between participants

 

Registration is obligatory: https://ec.europa.eu/digital-single-market/en/news/startup-europe-growth-call-proposals-info-day-networking-event

For participants interested in presenting their project idea, please write a short email, attaching your one slide presentation to cnect-startup-europe@ec.europa.eu by 1 September.

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Open Calls to Soft-Landing Missions in October-November 2018: Silicon Valley, India, The Netherlands, Berlin and Paris

Silicon Valley, India, The Netherlands, Berlin and Paris: these are the destinations of the upcoming Missions for startups/scaleups and ecosystem builders! Applications open on F6S until 17 September. Don’t miss it!

 

Are you a startup/scaleup based in Europe looking to expand your business and explore new markets?

Are you an ecosystem builder, i.e. startup mentor, incubator or accelerator representative, investor, serial entrepreneur interested in discovering new startup ecosystems?

Soft-Landing is back with multiple Missions for startups and ecosystem builders. Deadline to apply: 17 September 2018 

 

Missions for Startups and Scaleups

Soft-Landing supports startups and scaleups in the discovery of new ecosystems and business development with a 1-week Mission at a particular destination ecosystem and up to one month soft-landing support.

  • Get access and connect with the destination ecosystem network
  • Gain knowledge of the ecosystem’s establishment conditions, incentives, tax and legislation
  • Receive mentorship on market establishment and scaleup
  • Participate in local events and conferences
  • Take part in a Startup Europe initiative – participation is free of charge
  • Get access to tailored support, office space and other facilities (in the European ecosystems you can extend the 1-week Mission for up to 1 month)
Visits to the local key players
Roundtable discussions with experts

 

OPEN CALLS TO STARTUPS AND SCALEUPS

> Zoetermeer, the Netherlands (15-19 October 2018)
> Berlin, Germany (22-26 October 2018)
> Paris, France (5-9 November 2018)
> Silicon Valley (12-16 November 2018)

Find out all further details, including the eligibility criteria and the preliminary agenda of each Mission.

APPLY NOWwww.f6s.com/slsa/apply

 

Missions for Ecosystem Builders

Soft-Landing gives ecosystem builders the opportunity to dive in an intensive & immersive 3-5 day Mission in another startup ecosystem, to explore it and meet with other key leaders, building bridges between them.

  • Gain deep knowledge of other startup ecosystems
  • Learn the processes required to scale there
  • Find out about the available resources for startups
  • Build long-lasting relationships with local startup ecosystem leaders that support scaling
  • Provide better advice to your local startups/scaleups on scaling destinations
  • Break knowledge barriers and misconceptions about the foreign ecosystems
  • Take part in a Startup Europe initiative – participation is free of charge and you can benefit from partial travel and accommodation expenses reimbursement
Learning and sharing best practices
Networking opportunities

 

OPEN CALLS TO ECOSYSTEM BUILDERS

> Zoetermeer, the Netherlands (17-19 October 2018)
> Berlin, Germany (22-24 October 2018)
> Paris, France (5-7 November 2018)
> Silicon Valley (12-16 November 2018)
> India (November 2018 – TBC)

Find out further details, including the eligibility criteria and the preliminary agenda of each Mission.

APPLY NOWwww.f6s.com/slb/apply

 

Previous Missions – what’s it like

  1. The very first Mission landed in Berlin and gathered a diversified delegation of ecosystem builders who got to explore the Berlin startup hub with support from our local partner GTEC. Take a look!
  2. The first Mission for startups was custom made to Fintechs and took place in the Netherlands in April. The group of entrepreneurs mingled with ecosystem builders and met key players in Zoetermeer, Amsterdam and Rotterdam, in a programme organised by Crosspring.
  3. In Paris, each startup had one-on-one mentoring sessions with top mentors. Apart from exploring La French Tech with support from IMT Starter – the French Soft-Landing partner, the startups and ecosystem builders got free access to VivaTechCheck it out.
  4. Soft-Landing and GTEC organised a second Mission in Berlin before the Summer. The group had great talks and discussions about the Berlin startup ecosystem and also went to Tech Open AirMeet the delegation.
  5. Startup Division organised in June the Vilnius Blockchain Week under the Soft-Landing and Startup Lighthouse projects. Startups and ecosystem leaders got to meet blockchain rockstars from all over the world and understand what’s hot about the Lithuanian startup ecosystem. The week culminated with the first edition of the Startup Europe Block Forum. Check all the details and useful links.

 

Keep track of the SoftLanders

We’re growing a community of promising startups and high-level ecosystem leaders.

Follow us on Twitter or on Facebook for fresh news about the #SoftLandingEU Missions.

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Calling startups to join the Industrial IoT Deep Dive Week in Berlin & Analytics in Lisbon – Applications until 31 July

Startup Lighthouse is opening up applications for two mini intensive acceleration programmes that help startups scale-up: DDW Berlin on Industrial IoT (10-13 September) & DDW Lisbon on Analytics (16-18 October).

Preliminary agendas of the Deep Dive Weeks are up on the website (http://startuplighthouse.eu/) and promise busy days, plenty of 1-on-1s with potential clients and immersion into the local communities. Know promising European startups innovating in manufacturing, IoT, analytics, machine learning, data science?

The deadline is 31 July – apply now on F6S! Travel costs are reimbursed. Check all details below.

 

Deep Dive in Berlin  |  10-13 September

DDW Berlin – Industrial IoT: Berlin needs no introduction: the German capital records more than 40 thousand startups, and IoT is one of the key verticals. Over the past few years, over 50 corporate accelerators and other special programmes, such as Lufthansa, Metro, SAP, IBM, Viessmann, Volkswagen, Daimler and Bosch, have moved their innovation hubs to Berlin. The DDW becomes a gateway to the German industry giants and the Mittelstand (+3 million SMEs making up the fabric of the economy) looking to stay competitive through innovation and startup collaboration.

The Berlin DDW will be an action-packed program with real benefits for startups and scale-ups, including:

  • Two-way Pitching: Corporates pitch startups on specific collaboration options
  • Matchmaking with multipliers & corporate partners
  • Industry specific Workshops
  • Access to the local IoT ecosystem

DDW Berlin is delivered by Daniel Moreno and the etventure Startup Hub team, experts in company  building and corporate innovation. Here’s a preliminary agenda of #DDWBerlin.

Apply to DDW Berlin by 31 July on F6S: www.f6s.com/ddwberlin/apply

 

Deep Dive in Lisbon  |  16-18 October

DDW Lisbon – Analytics: Sunny Lisbon is home to an emerging startup ecosystem steadily rising in popularity after becoming the first European Capital of Entrepreneurship in 2015 and then the new home of Web Summit in 2016. This is enabled by growing portfolio of successful companies (analytics examples: Feedzai, OutSystems, Attentive) and network of support through accelerator funding, tech incubators and newly refurbished coworking spaces popping up all over the city. Lisbon is overflowing with talent, with a strong emphasis on tech, analytics and data, being the home to Lisbon Data Science Academy and Universidade de Lisboa, number 11 for Engineering and top 50 for Computer Science in Best Global University rankings.

The highlights for DDW Lisbon include:

  • Corporate innovation session with Accenture
  • Among Investors: Curated 1-on-1s & pitching competition
  • Workshops by Startup Lisboa, Beta-i & SRS on doing business in Portugal
  • Quality networking: Coworking space tour & “A Night in the Brewery” by MUSA

DDW Lisbon is delivered by Tim Brown and the FastTrack VC team, empowering disruptive startups with seed investment, execution expertise and market experience. Here’s a preliminary agenda of #DDWLisbon.

Apply to DDW Lisbon by 31 July on F6S: www.f6s.com/ddwlisbon/apply

 

What’s the cost?

Participation in the programme is 100% free of charge thanks to Startup Europe and travel expenses are reimbursable up to 500€. Startups are welcome to bring 2 team members to the Deep Dive Weeks.

Selection criteria

  • Market-readiness: Must have at least functional MVP, ideally already with recurring revenue in one market.
  • Fit with Deep Dive Week: Must be relevant to the topic / vertical of the Deep Dive Week being applied to.
  • English proficiency: Must be able to communicate well in English, including pitching and Q&A.
  • Validation: Raised 50-250k€ and/or has significant revenue / growth.
  • Scalable: Strong technological component, scalable internationally.
  • Relevant Traction: Significant number of users, growth of revenue or strong commercial agreements.
  • Ambition: Looking to raise for a Round A+ (1 million €) or equivalent.
  • Location: Priority given to startups from Germany, Ireland, Baltics and Portugal.
  • Team: Balanced with both business and technical demonstrated competencies.

These criteria are indicative – high potential startups are always considered! If you have a question – drop us a message.

Previous Deep Dive Weeks

About Startup Lighthouse

Startup Lighthouse mini acceleration programmes provide a combination of sector-specific “softlanding”, acceleration and internationalization. The Deep Dive Weeks provide support and guidance from local ecosystem leaders and gives know-how & access to ecosystem resources. A Scaling Manager identifies each startup the needs and ambitions before the DDW, facilitating contacts during and after the week. Deep Dive Weeks are most beneficial for startups that are ready to scale.

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Access2Europe Discovery Tour: Find out what Berlin’s blockchain ecosystem has to offer!

So, what is blockchain all about?

Don’t believe the hype and find out what is actually happening from experts, founders, and enablers who are involved in this emerging industry every day.

If you are involved in blockchain tech and interested in discovering what Berlin ecosystem has to offer than our discovery tours are just right for you!

Together with European Commission’s H2020, CUBE is providing a unique opportunity for startups to deep dive into all things blockchain and connect with thought leaders, investors and all the major experts in the field during 3 days (September 10th-12th, 2018) of discovery.

IT’S FREE!

All expenses (hotel, tours, local accommodation and travel, main meals) are covered by the program. Your contribution is just the travel tickets to and from Berlin.

Apply now!

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SEP ELITE Tech Scaleup 100 – The ranking unveiled!

The first 100 European tech scaleups have been unveiled today, during the second SEP Scaleup Summit taking place at London Stock Exchange Group in London. Mind the Bridge in collaboration with ELITE, London Stock Exchange Group’s business support and capital raising programme, as part of Startup Europe Partnership (SEP), launched the “SEP ELITE Tech Scaleup 100” a ranking of the top 100 tech European scaleups.

Inclusion in the ranking is based on an algorithm that factors capital raised by the company since inception and qualitative parameters (such as employee growth, competitive position, IP and trademarks, traffic growth, sentiment analysis and M&A activity), analyzed in partnership with AI startup Zirra (*). The weight of the qualitative component will be increased over time, as more parameters are added and data is collected, increasing the accuracy and training of the AI models.

Announced three month ago, on the occasion of the first SEP Scaleup Summit hosted by Borsa Italiana in Milan, today is the unveiling of the first SEP ELITE Tech Scaleups 100 names.

 

Download the SEP ELITE Tech Scaleup 100 infographic

 

Top 3 EU tech scaleups are Spotify, Delivery Hero, and IHS Markit.

Out of the top 100, 32 are from the UK, 17 from Germany and 11 from France. 18 countries represented in total. Fintech is the dominant industry (19 scaleups out of the top 100), followed by E-Commerce (10) and FashionTech and Enterprise Software (8 scaleups each).

“In Europe, but above all outside of Europe, we don’t have a clear perception of what’s happening at the forefront of innovation on the Continent. Actually, the truth is that in Europe we are able to produce fast-growing startups”, Alberto Onetti, SEP Coordinator and Mind the Bridge Chairman commented. “Through this new Index we aim to provide international visibility to the best European tech companies by tapping into the analytical methodology we have developed in these last few years with Startup Europe Partnership.”

Luca Peyrano, CEO of ELITE, added “Scaleups are companies with great ambitions and high growth potential. They are the future of tomorrow’s economic prosperity. We are pleased to support the first edition of the Scaleup Summit together with Mind The Bridge, EBAN, the European Startup Network, The ScaleUp Institute and the support of the European Commission. Together we are committed to creating a dynamic European ecosystem that is conducive to growth, innovation, and where entrepreneurs can access the appropriate support and tools they need to thrive. ELITE’s mission is to support dynamic fast-growing companies because of their unique ability to innovative, create jobs and because they represent an extraordinary driving force for economic development in Europe.”

The ranking is to be issued on a quarterly basis with the goal of regularly providing a snapshot of Europe’s high-tech industry and to showcase the most innovative European startups that are scaling up. The ranking is not an indicator of investment or business quality, rather a way to highlight some of the most active tech scaleups in Europe, raising awareness on one of the most important segments for Europe’s future prosperity.

“Today the ranking of the top 100 European tech scaleups has been unveiled. We plan to issue the SEP ELITE Tech Scaleup 250, SEP ELITE Tech Scaleup 500, SEP ELITE Tech Scaleup 1000 in the coming months.” – continued Alberto Onetti – And the algorithm will be adjusted to better factor in the quality of the companies and to go beyond quantitative proxies.”

“Our technology ingests and makes sense of news articles, websites, social media posts, legal and regulatory filings – all types of publicly accessible data on the web – said Aner Ravon, co-founder and CRO of Zirra – Using a suite of domain-customized Natural Language Processing techniques together with a variety of Machine Learning algorithms, we identify companies, people, acquisitions, product launches and many other events. We sift through the millions of inputs to assemble an accurate company fingerprint. Beyond just the facts, Zirra identifies insights, signals, relationships and trends. The SEP ELITE Tech Scaleup index presented here is created using scoring built from some of the signals that Zirra continuously tracks on all companies in our database. Future plans include utilizing Recurrent Neural Networks for processing, analysis and scoring. We are thrilled to have the opportunity to contribute with our technology to support the European scaleup ecosystem”.

Companies interested in getting a more comprehensive valuation can provide further information by completing the digital self-assessment tool ELITE Growth Compass, whose score will be included in the algorithm. A link to the tool can be found here: https://etinerary.elite-growth.com/en

 

(*) The qualitative analysis – produced in partnership with Zirra – currently factors in the following eight parameters: employee growth rate over the past 12 months, years active, funding trajectory, competitive position, IP and trademarks, traffic growth (current month vs. past six months), M&A activity, and Google sentiment analysis. The algorithm will be adjusted to factor in revenue and revenue growth plus other indicators. For private companies, revenue will be considered only if disclosed by companies. 

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“Tech Scaleup Europe 2018” SEP Monitor presented in London. All the data!

In 2017 Scaleup Europe experienced a year of growth which can be described as sustainable: more than 1,200 scaleups were born in Europe (+22% of the total, +28% YoY growth from 2016) reaching a total of 5,596 that have cumulatively raised $83.2B (+36 growth in capital raised). But the gap with other ecosystems remains hug.

 

This is what emerged from the last “Tech Scaleup Europe 2018” SEP Monitor presented today in London on the occasion of the second SEP Scaleup Summit organized by Mind the Bridge and hosted by the London Stock Exchange.

 

“Let me share some good news: Scaleup Europe is growing, finally – commented Alberto Onetti, Chairman of Mind the Bridge and SEP Coordinator, while opening the event – We’ve measured good progress, but there is still of course a lot of work ahead of us. We know that the innovation is not a plant that gives you harvest quickly, you have to continuously seed and work to bear fruits. And we are seeing the initial European crops.”

 

The research highlighted that the strongest economies continue to produce the most scaleups: UK, France, Germany and Sweden top the Scaleup Europe Country Index, by contributing to almost 70% of that growth in absolute terms. The UK continues to lead the pack with a 28% growth rate, adding 368 scaleups to its population for a total of 1,668 as of end of 2017 (30% of the Europe’s total), clearly unhindered by Brexit talks in the meantime. France and Germany follow with a 32% growth rate each: France added 165 scaleups for a new total of 681 (12% of total), and Germany added 129 for a total of 530 (10% of the total). Sweden ranks 4th in the Scaleup Europe Country Index with a 35% growth rate, adding 126 scaleups in the past year for a new total of 489.
The regional averages show a similar story with Northern Europe (24%) performing the strongest and Southern Europe once again dragging their feet in the innovation wave, with a lower growth rate of only 16%.

 

“2017 was an amazing year for the startups in the growth phase. The glass is half full. Startups ecosystems in Europe are starting to be connected among themselves – added Isidro Laso Ballesteros, Head of Startups and Scaleups at the European CommissionThis high level of connectivity contributes significantly to help startups in their growth phase. We still need to do more. Beyond US, Asia is growing at high rate. Ecosystems in Asian countries have unique characteristics that are helping with their high growth rates. Our competitive advantage is to be united in diversity. An advantage that can only be realised by working at ecosystems level to be a Startup Europe: a startup continent.”

 

On average, Europe nowadays registers approximately 1 scaleup for every 100,000 inhabitants, slightly up from 0.9 in the previous year. The Nordic countries outperform the other areas by producing on average over 3.7 scaleups every 100K people. In particular, Sweden (with 4.9 scaleups per 100K inhabitants), and Finland are definitely leading the way in terms of scaleup density. Among the larger countries, the UK leads with a 2.5 density ratio.

 

London has been confirmed to be by far the largest scaleup “hub” in Europe with over 1,100 scaleups based there. Paris follows (453 scaleups), Berlin and Stockholm are behind with slightly less than 300 scaleups. Other relevant emerging tech hubs (over 100 scaleups each) are Dublin, Helsinki, Amsterdam, Barcelona, Copenhagen, and Madrid.

 

“Beyond these main scaleup hubs, there is another Europe comprised of “tier-two” cities and municipalities whose role cannot be neglectedsaid Alberto Onetti We will publish after the summer a dedicated study focused on these minor hubs that are key for Europe.”

 

CAPITAL RAISED
As mentioned, in 2017 $22B of new capital (average growth +36%) was invested in Europe for total $83.2B.
In terms of growth, large countries stay close to the European average: UK outperformed with a solid +40%, Germany registered a +36% average growth, while France a +30%. Northern countries are running faster, while Belgium and Netherlands reporting respectively +44% and +38% growth rates. In the Southern Europe, Italy is 2 point below the average (+34%) ,while Spain is slowing down (half than European average, +17%).
In absolute terms, the UK still dominates with $27.5B (33% of the total capital raised) and Germany ($14.6B, 18%) precedes France ($8.9B, 11%), this last change being the most noticeable since last year: in relative terms, Germany is home to “only” 10% of scaleups, but those scaleups took in 18% of the total funding in Europe. France by comparison accounts for 12% of the scaleup population, and 11% of the funding. Following, the Scaleup Europe Country Index finds Sweden with $7.3B (9%), Switzerland with $3.6B (4%) and Spain with $3.3B (4%).

 

EUROPE vs SILICON VALLEY/ISRAEL
Despite the growth, the gap with other ecosystems remains huge. In terms of number of scaleups, the Silicon Valley is worth, alone, a little more than the entire European continent, while in terms of capital raised it accounts for almost 3 times the entire amount raised by all European scaleups. Considering all the United States as a whole, scaleups there have raised $657.5B since inception, 8 times more than the $83.2B raised by their European counterparts. Israel scores better than all European ecosystems – apart from the UK – per number of scaleups and is second only to Germany and the UK per capital raised.

 

ACCESS TO CAPITAL: NOT (YET) A SINGLE WAY TO SCALE-UP
There’s not (or not yet) a single European way to scale-up for tech companies: while some are pursuing the venture capital funding path, other are leveraging private investors and family offices. One large and recently emerged group in particular is exploring crowdfunding and fundraising through cryptos (ICOs).

 

  • Venture Capital: data shows that $70.7B of capital poured into European scaleups comes from venture capital and private investors, by far the large majority (85%) of the total capital. European scaleups are still mostly depending on venture capital.
  • IPOs only represent 12% of the capital raised by scaleups ($9.7B) comes from stock markets through IPOs (losing 10 points compared to last year when it was 15%). Only the 1% of the European tech scaleups have gone public. And not all of the IPO money comes from Europe: 25% of the capital has been raised on US stock markets. On average, European scaleups collect about $120M in new funding when they start trading on stock markets. However, it takes time to plan and implement large IPOs: on average, European scaleups go public 8.7 years after inception.
  • ICOs: the main point of discontinuity compared to the recent past is that $2.8B was raised through ICOs (Initial Coin Offerings), where Europe seems to have a competitive advantage over the United States. This is about 3% of the total capital raised.
    3% of European scaleups have completed an ICO. Central States (driven by Switzerland rather than Germany and France) play a dominant role ($1.3B raised, 50% of the total), followed by Eastern Europe and the Baltics (that cumulatively raised over $0.5B, 19% of the total). Less than 15% ($395M) of the ICO capital total was raised in the British Isles.
    An interesting example is the Swiss canton (province) of Zug, becoming more and more known as the European Crypto Valley. 27 scaleups that made an ICO – raising $1B+ – are headquartered there.

 

ICO’s have proven to be a very interesting substitute for the first round of financing of tech scaleups. On average, the ICO channel provides 4 times more capital (an average of $17.6M), than the generic series A raised with traditional VCs ($4.5M on average). Another benefit scaleups are leveraging from ICO’s is speed, which is just as important as availability when it comes to funding. European scaleups on average take 3.3 years to complete the Series A financing, and almost 9 years to go public. The ICO path is much faster.

“When it comes to the origins of the investments, in 2017 on average 43% of capital invested into scaleups come from domestic investors, plus another 11% from investors from other European countries, and approximately 40% from outside Europe – added Alberto Onetti US investors play a leading role in this case with 26% of overall investments, followed by China (4%), Singapore (1%), and Israel (1%). One round out of ten is led by US investors, but they account for about one quarter of the capital raised by European scaleups.”

 

FINTECH DRIVES THE TECH INDUSTRY IN EUROPE

 

Out of the $22B invested in 2017, approximately $4.7B (about 20% of total) was invested with Fintech scaleups, a number that’s three times more than last year. 33 new Insurtech scaleups were tracked in 2017 and collectively they raised $210M. Agritech, Artificial Intelligence & Big Data, Autotech and Gaming are all present in a group that doubled investments in 2017 when compared to 2016.

 

A LAND OF SMALL SCALEUPS
In 2017, only 48 scaleups (2.4% of the total) crossed the $100M bar of capital raised and turned into “Scalers” for a total of 134 scalers nowadays in Europe (they were 86 in 2016). They cumulatively raised slightly close to $37B that is less than half of the total capital made available to European tech scaleups. 5 companies raised more than $1B in funding (or very close to it). These so-called “Super Scalers”, cumulatively managed to raise about $8B, 10% of the overall funding secured by the European scaleups.
That said, not counting the Scalers, Europe is land of “small” scaleups. 76% of scaleups (4,231 out of 5,596) raised between $1 and $10M attracting only $13.5B, the 16% of the total investments made available to European scaleups. 22% (1,228 scaleups) raised between 10 and 100M securing slightly less than $33B (the 39% of the total).

 

SEP ELITE TECH SCALEUP 100

 

The first 100 have been just unveiled: today, during the second SEP Scaleup Summit taking place at the London Stock Exchange in London, Mind the Bridge in collaboration with ELITE as part of Startup Europe Partnership (SEP), launched the “SEP ELITE Tech Scaleup 100” ranking, the index of the Top 100 tech European Scaleups.

 

Inclusion in the ranking is based on an algorithm that factors capital raised by the company since inception and qualitative parameters (such as employee growth, competitive position, IP and trademarks, traffic growth, sentiment analysis, M&A activity), analyzed in partnership with AI startup Zirra. The weight of the qualitative component will be increased over time, as more parameters are added and data is collected and increasing the accuracy and training of the AI models.

 

“Through this new Index we aim to provide international visibility to the best European tech companies by tapping into the analytical methodology we have developed in these last few years with Startup Europe Partnership. Currently the ranking for the top 100 European tech scaleups has been unveiled. We plan to issue the SEP ELITE Tech Scaleup 250, SEP ELITE Tech Scaleup 500, SEP ELITE Tech Scaleup 1000 in the incoming months.” – commented Alberto Onetti.

 

 

Here the full dedicated press release.

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Vilnius Blockchain Week: Startup Lighthouse & Soft-Landing gather blockchain startups and ecosystem builders in Lithuania

Vilnius Blockchain Week is over – what a blast! Two Startup Europe projects brought it to life: Soft-Landing and Startup Lighthouse!

The initiative brought around 40 participants to deep-dive into the city’s startup ecosystem with the main focus on understanding what part blockchain plays in it and build connections with blockchain leaders in Lithuania. (more…)

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MY-GATEWAY is selecting 9 startups to attend Web Summit!

MY-GATEWAY representatives are attending Web Summit tech conference in Lisbon this year (5-8th of November), and really want to bring top-notch startups with them! This is surely an opportunity you cannot miss. 

By attending Web Summit, your possibilities to boost your growth potential will  expand exponentially. As you may already know, our main focus are CEE startups from the ecosystems we work with (i.e. Czech Republic, Slovenia and Romania) but if you have some other connection with those ecosystems – maybe you run your business activities in the CEE region? – then you are most likely able to apply!

Make sure you apply through this F6s application: https://www.f6s.com/my-gatewaytowebsummit18

Deadline for application is on 20th July.  Then you should be hearing from our evaluators by 1st August and by 8th August you should be able to confirm your availability to attend the Portuguese event. MY-GATEWAY will only provide you with the entry ticket, unfortunately no travel and accomodation costs will be covered.

The criteria we will followo to make the final decision is the following:

  • Startups at a more advanced phase of development of their idea, have an existing prototype and/or viable business plan. Applications from idea stage startups won’t be taken into consideration;
  • Startups that are running or interested in running their activities in the CEE region;
  • Startups that have a unique idea that stands out from the rest of the competitors.

 

What is Web Summit?

Web Summit is the largest tech conference in the world and is always a complete success. Like every year, we expect to gather in Lisbon over 70.000 attendees, 1.200 speakers and 170 countries for 3 full days of networking and doing business. Web Summit also gathers the entire investor ecosystem, from big fishes to the most relevant angels and venture investors, as well as over 2,500 international media outlets. Here, startups have lots of opportunities to gain exposure, such us networking, presenting their business and participating in panels, among others. MGW just cover the entry ticket, no the travel cost or any financial support.

 

 

 

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European Innovation Day – Where Europe meets Silicon Valley

Drums are rolling for the IV edition of EID – European Innovation Day, the European Digital Conference in Silicon Valley, organized by Mind the Bridge and planned for September 11th. 

Central event of the SEC2SV Week (9-15 of September), EID-European Innovation Day is a thought-provoking, inspiring conference at Computer History Museum (almost 700 attendees registered in the 2017 edition) that brings together the current/future EU Unicorns and EU policy makers to meet the Silicon Valley digital economy stakeholders.

The SEC2SV Week will continue with follow-up meetings and parallel agenda for the different stakeholders. Silicon Valley counterparts for the meetings/events usually include government officials, senior execs from Facebook, Google, Uber, Airbnb, GE, representatives from the investors (Andreessen Horowitz, Felicis, Greylock, Social Capital, SoftechVC, USV, Y Combinator, RocketSpace, 500 Startups) and academic (Stanford, Berkeley, Singularity University) community.

Hot topics of 2018 edition will include:

  • GDPR: Privacy and Data Storage/Transfer
  • ICOs (Initial Coin Offerings) and its and CryptoCurrencies Regulations
  • European Economy of Innovation in Silicon Valley
  • Startup M&A

First confirmed speakers unveiled:

  • Peter Arvai, CEO and co-founder, Prezi
  • Pēteris Zilgalvis, Head of unit, DG Connect, European Commission
  • Kristin Schreiber, Director COSME programme, DG Grow, European Commission
  • Tim Draper, partner, Draper Associates
  • Sorin Moisa, MEP, European Parliament
  • Adam Sterling, executive director of the Berkeley Center for law and business
  • Sabrina Ross, international privacy and security expert
  • Martin Rauchbauer, co-director, Open Austria
  • Georg Fuerlinger, co-director, Open Austria

Looking for the next Unicorns!

Top European scaleups aiming at expanding operations to the US market will be selected to join the event.

Minimum requirements to be considered as a Scaleup:

  • to have at least 10 employees as of 3 years ago in the last 3 years
  • to be growing more than 20% year-over-year in revenue, employees, or user-base.

Applications end on July 1st. Registrations to the event HERE.

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