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Secure Your Place at The Startup Europe Summit 2018

The fourth edition of the Startup Europe Summit takes place on 15 November, in Sofia, with 400 key actors from the European startup “ecosystem”. The event will bring together some of the best European startups with investors, media and policy makers. Aside of interesting speakers, who will be analysing key technological and policy trends for European startups, the event provides a great opportunity to mingle with people building the European startup ecosystems, identify new funding opportunities and get a feel of what is happening in the startup world, notably from Central Eastern Europe and Western Balkans regions.

Keynote speakers this year include Mariya Gabriel, Commissioner for the Digital Economy and Society, Simon Schaefer, Founder & CEO of Factory, President of Startup Portugal and Angel Investor in Europe and Anja Monrad, Senior Vice President & General Manager at Dell EMC and chair of the Digital Skills and Jobs Coalition Governing Board. The meeting will also be attended by Ministers from the six Western Balkan countries (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, the former Yugoslav Republic of Macedonia and Serbia – TBC)  and (tbc) Boyko Borissov, Prime Minister of Bulgaria, as well as Yordanka Fandakova (tbc), Mayor of Sofia. You can consult the programme here.

This year’s Startup Europe Summit will be linked to the Digital Agenda for the Western Balkans, launched earlier this year by the European Commission. The aim of this initiative is to support the transition of the region and bring the benefits of the digital transformation to its citizens, by helping modernise public administrations, strengthen cybersecurity, increase connectivity, and improve the business climate.

The region has major assets with its large pool of talented people with strong ICT skills, dynamically growing start-up community and its rapidly improving infrastructure, connectivity and proximity to large markets. The digital transformation is also crucial for the growth of this Region – it can help transform local economies and societies while creating high-quality jobs.

The conference would also be an opportunity to be briefed by experts from the European Commission on the progress in establishing a Digital Single Market policies and what we are doing to support the growth of startups and young innovative companies and to help to SMEs to help take advantage of the digital transformation.

REGISTER HERE.

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MY-GATEWAY project wants 22 CEE and Western Balkan startups to attend Startup Europe Summit!

In total twenty-two startups, twelve from Central and Eastern Europe and ten from the Western Balkans, will be selected to attend this year’s edition of ‘The European Startup Event’. A committee comprised of leading startup support organizations from the CEE and Western Balkan countries will select the startups through specific criteria.

Selected startups will be given the possibility to meet high-profile people such as Prime Ministers and European Commission policymakers to discuss European entrepreneurship and new opportunities. The one-day Summit will be filled with workshops on how to access venture capital, business angel funding, EU funding and panel talks on how to scale-up. Travel and accommodation expenses of one representative per selected startup selected will be reimbursed by the European Commission.

Take a look at the Summit’s agenda here.

Would you like to apply? Click here.

‘We need to create programs and policies to connect ecosystems, founders and startups at European level.’

Mariya Gabriel, European Commissioner for Digital Economy and Society, and also key-note speaker at the Summit, said at her speech on Masters of Digital.

‘This is with a view to accelerate growth, cooperation and diversity.’

In order to be considered for the application process and be eventually selected to attend Startup Europe Summit, startups need to have a high growth potential, a prototype or viable business plan and a unique business idea.

 

What is Startup Europe Summit?

Startup Europe Summit is a European Commission event which aims to bring together startup founders and policy makers. More than 400 people will attend this year’s Bulgarian edition to learn about new funding opportunities, meet entrepreneurs and ecosystem builders and benefit from the possibility of closing a business deal.

Check out the agenda here.

 

What is MY-GATEWAY?

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.

 

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Registration for DeepTech4Good#Stuttgart now open!

Join this unique day dedicated to Deeptech and meet high potential startups on 4 markets:

Smart City | Smart Mobility | Industry 4.0 | Smart Health

23 European startups will pitch and meet corporates, European VCs to scale up and become the future European Deeptech unicorns!

Highlights of the event

  • Fundraising pitches: 23 startups selected by the consortium will pitch their business idea in front of the audience and get feedback from the board of evaluators composed of VCs, investors and corporate players.
  • Business speed dating with corporate players and investors will focus on providing startups market access and financing opportunities.
  • Open innovation workshops: On the 4 specific markets, qualified potential partners (startups, SMEs, corporates, researchers, and academics) will join to discuss challenges along defined value chains and be part of a general mapping session of business opportunities.
  • Exhibition: Every startup has the possibility to exhibit with a booth.
  • Job board: Collects job offers from Europe´s most important job boards.

For the full programme and an overview of the startups who will attend, have a look here.

Register here: https://deeptech4good-stuttgart.b2match.io/

DeepTech4Good#Stuttgart is an event organized by Steinbeis 2i GmbH and Photonics BW in cooperation with the Photonik-Forum Baden-Württemberg.

Contact:

Samantha Michaux (michaux@steinbeis-europa.de / +49 721 93519 123)

Thomas Gläßer (glaesser@photonicsbw.de / +49 7361 633 9095)

In cooperation with:  

agorize, bwcon, start-up bw, VentureZphere

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Innovation Fund awards grant to MY-GATEWAY advisor to promote young ideas!

4th September 2018 – MY-GATEWAY project is very pleased to announce that Seavus Incubator, together with Business-Technological Accelerator “UKIM” DOO Skopje and the Company for Business, Technical Support and Education “ICS Factor” received a total of 1.5 million Euros from the Innovation Fund to establish business accelerators for young people.

Seavus Educational and Development Center is one of MY-GATEWAY’s advisors, prividing counsel on how MY-GATEWAY activities can be adapted to the Balkan region.

The aim of those business accelerators is to provide young, creative people with the tools needed to start and develop specific businesses that will profit and participate in the progress of the Macedonian economy.

After signing the agreement, Vesna Ivanovska, general manager of Seavus Educational and Development Center, one of the three companies that received help to form a business accelerator, said she expects this project to have a big social impact.

“This project will encourage young businesses in Macedonia when they need it the most”

said Vesna.

It is thanks to those initiatives and projects that the efforts made by the Government of the Republic of Macedonia to catch up with the European standars of work are undeniable. Young people represent the country’s future and potential to grow. It makes a lot of sense to invest in them.

 

To read the full article in Macedonian, click here.

 

Original article by: Maja Илиевска-Пачемска

 

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Startup Lighthouse congratulates 14 winning startups for DDW Lisbon

As Deep Dive Week Lisbon, organised by Startup Lighthouse is approaching, we are glad to announce the 14 winners. The number of applications exceeded our expectations and after a thorough selection process, we are now able to confirm startups coming from Greece, Germany, Romania, Estonia, Ireland, Switzerland, Italy, Spain, while the applications were coming from all over Europe and beyond! We would like to thank everyone for applying. (more…)

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The I-BIS Project is an Online Incubator working to Help SMEs and Entrepreneurs Develop their Companies

Project I-BIS (Innovative Business Growth Incubator for Start-ups) is part of the European Commission initiative to develop a pan-European method of growing businesses. The results are an Incubator-led online course that is available to users around the globe. The business experts that have developed the virtual course are from Universities, Consultancies, Science Parks, and Foundations from four partner countries—the UK, Lithuania, Finland, and Spain. I-BIS focuses specifically on supporting SMEs and entrepreneurs during their first years of growth or while in moments of change.
While developing this course, experts paid special attention to: contributing to enterprise and SME growth, supporting female entrepreneurship, to develop entrepreneurship learning in Europe, and to support incubators. These topics have been addressed after an initial analysis of the situation “as is” in the following eight modules:
Module 1: Diagnosis and Business Fit Audit
Module 2: Resource and Capability Analysis
Module 3: Intervention Methods and Leadership for Businesses
Module 4: Developing and Reporting an Information Dashboard
Module 5: Financial Planning and Re-structuring
Module 6: Project Catalylst Operationalisation
Module 7: Support for Female Start-up Entrepreneurs
Module 8: Doing Business in…. (Available for the UK, Spain, Finland, and Lithuania)
The modules are designed to help businesses address one aspect of their company and to dive into different perspectives and solutions around that issue. In addition, the programme is set up in a way that professionals and business people interact together in what are called Think Tanks or groups of individuals that are able to bounce ideas off each other. The modules were then tested at an international level in two different scenarios, with improvements made to the content and platform functions after each session.
The main recipients that can make use of this final product are business incubators, start-ups, policy makers, researchers, regional developers, consultancies, etc. The Project results are currently available online for interested parties by following this link: https://ibis.muova.fi/login/index.php
In addition, more information can be found on the Project website here: http://ibis.group.shef.ac.uk

For any questions about the I-BIS Project in Spain, feel free to contact the representatives at the Fundación General Universidad de Granada – Empresa

Claudia Neiman: cneiman@fundacionugrempresa.es

Aurora Megaides Alonso: amegaides@fundacionugrempresa.es

 

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European Commissioner Miguel Arias Cañete to keynote at #SEC2SV 2018

San Francisco, September 10th, 2018 – Miguel Arias Cañete, European Union’s Commissioner for Climate Action & Energy, confirmed to attend the 4th edition of “Startup Europe Comes to Silicon Valley”, the premier program for future European Unicorns (Silicon Valley, 9-15 September) organized by Mind the Bridge with the support of the European Commission, the European Parliament, and EIT Digital.

Mr. Canete leads the EU initiatives to increase European energy security, energy infrastructure projects, rules and laws to implement the 2030 climate and energy framework, policy for renewable energy and the promotion of the “Emissions Trading System”, the flagship of European climate policy.

“It’s an honour for us to host this year Commissioner Cañete at our annual SEC2SV program in Silicon Valley  commented Alberto Onetti, Chairman of Mind the Bridge and Coordinator of Startup Europe Partnership  According to our last research ‘European Innovation Economy in Silicon Valley’, Energy&Power is the second most represented vertical among the European Corporate Outposts in Silicon Valley, with 7 outposts, right after the Automotive industry. Innovation and regulation should go hand by hand. On that regard, the ‘transatlantic’ dialogue is key.”

On Wednesday, September 12th (6.30PM-7.30PM), the 2018 SEC2SV delegation will attend the invitation-only meeting with the Commissioner which will include a presentation from Ivan Contreras, CEO and founder of Muving Ecosystem, a European startup active in e-mobility, currently expanding into the US. Muving is one of the 14 European companies invited to attend the week-long SEC2SV program.

After the introduction by Marco Marinucci, CEO and founder of Mind the Bridge, Alberto Onetti, Chairman Mind the Bridge and Coordinator Startup Europe Partnership will present some highlights from their new research on “European Innovation Economy in Silicon Valley” and moderate the debate.

The meeting between the EU Commissioner Cañete and the European innovation ecosystem in Silicon Valley is organized by Mind the Bridge.

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Scaleup Finland: A key scaleup ecosystem for Europe with a (still) unexploited potential

Brussels, September 5th, 2018 – Finland is a key scaleup ecosystem for Europe, but still shows an unexploited potential, according to the last “Tech Scaleup Finland” Report presented today by Mind the Bridge and Startup Europe Partnership with the support of Business Finland.


219 scaleups have been in fact identified in Finland (
equivalent to about 4% of the total amount tracked in Europe), totally raising $1.9B in funding since inception (2.3% of the total capital raised by European scaleups to date).


In addition, Finland ranks 9th in the Scaleup Country Index 2017*, between The Netherlands and Denmark, with only Sweden, among the five Nordic countries, outperforming it both in capital raised and scaleup population. In these terms, the gap with larger ecosystems such as the UK, Germany or France is likely far too wide to be bridged: UK scaleups raised, alone, 15 times more capital, the German about 8 times more, the French 5 times more.


“Though absolute numbers suggest that Finland is really far from UK, Germany, France, and Sweden, the conversation changes in relative terms 
– commented Alberto Onetti, Mind the Bridge Chairman and Startup Europe Partnership Coordinator – Starting this year we introduced two indicators to better understand the efficiency of a scaleup economy as it relates to the size of the country in question. Finland outperforms the rest of the continent for what we labeled the Scaleup Density Ratio’ by producing an average of 4 scaleups per 100,000 peoplecompared to 2.5 in UK, 0.6 in Germany and 1.0 in FranceAnd it scores well also against the ‘Scaleup Investing Ratio’, with 0.75% of GDP dedicated to scaleup innovation, 1.7x more than the European average, doubling the European powerhouses Germany (0.40%) and France (0.34%), being substantially aligned with the Nordics average of 0.82%.”


Scaleup Europe Country Index 2017 Top 10

“Finland is definitively a key scaleup ecosystem for Europe with a still unexploited potential.” added Isidro Laso Ballesteros, Head of Startup Europe European Commission.


“The startup ecosystem is already now effective and flourishing in Finland. One can see an upward trend in the share of foreign VC investments and the growth in exit valuation levels.
There is always room to improve. We are constantly building the Finnish startup community to the next level together startups, accelerators and investors. High-growth, scaleup companies create jobs and exports and thus are crucial for our national economy.” commented Marjo Ilmari, Executive Director, Startup & Fast Growth Business Finland.

 

Growth – Scaleup Population and Capital
The Finnish scaleup ecosystem increased its size in 2017 with 16% growth in scaleup population (+34 new scaleups) and raised $0.3B more capital, with a YoY increase of 17%. These numbers place it behind Sweden in the growth charts (35% increase in population, 30% in capital), but Finland still runs faster than its other Nordic siblings Denmark (13% increase in population, 6% in capital), and Norway (11% growth in population, 15% in capital).
Since 2013 the scaleup population of Finland has been growing a consistent 15-17% without any fluctuation, up to 10 point less behind the European average of 28% for the years 2016-2017. 2018 will be not different with a 18% YoY growth figure. Also on the capital raised side, despite the fact that in 2017 the country had a YoY loss of 20%, the $318M that the scaleups raised was good enough to add another 34 scaleups to the count. A constant growing trend is expected this year.


Capital Raised: 96% comes from VC, a few IPOs, no ICOs.
When it comes to capital raised, 96% comes from Venture Capital, while only 4% (about $0.1B) comes from the IPO channel. In 2017, 2 more companies joined the IPO club: Next Games and Rovio, not surprisingly reinforcing the impression that Finland remains the “land of gaming”. Both IPOs were around $40M, below the European average ($120M). Surprisingly Finnish scaleups have not jumped on the ICO train yet, as we didn’t track a single company which has launched a crypto offering the previous few years. 

                 Scaleup Europe Matrix 2017

Scaleup Migration to the US
There are 33 (15% of total) companies in Finland that moved their headquarters abroad (typically to have access to capital) and we can classify as “Dual Companies”. These 33 raised $552M altogether, amounting to 29% of the total capital raised by Finnish scaleups. They mostly moved to the US (19 of them, 11 to Silicon Valley) and outperform in terms of capital raised, having attracted an average of $16.7M, compared to the $7.3M average of companies that choose a domestic growth path.


Founding vs Funding
Despite a recent story of the scaleup ecosystem in Finland, only 25% of the scaleups have been founded in the last 3 years. Finnish scaleups are very active in raising capital constantly: 52% had a funding event in the past 2 years. In 2017 56 scaleups registered a funding event.


Sizes don’t matter
The scaleup scene in Finland is dominated by “small” scaleups: the ones that raised between $1 and $10M, represent in fact the large majority (79%) of the population. Only the 3% raised above $50M (tech giants). However, in Finland size doesn’t seem to be that relevant in the Finnish ecosystem: the Scalers (companies attracting over $100M in financing) account only for the 13% of the total funding, while the “middle class” segment ($20-$50M) attract the most funding among the cohorts. The smaller ones raised 27% of the total.


Geography of fundings
Of all capital poured into Finnish scaleups, one third (34%) comes from Finnish funds, while US funds account for slightly less than one third of investments (27%) and British for a little minority (6%). Investments coming from the rest of the world are relevant as well, accounting for a consistent 10% of capital (coming mostly from Chinese and Singaporean investors).


“Startups ecosystems in Europe start to be connected among themselves. But we need to do still more 
– added Isidro Laso Ballesteros, Head of Startup Europe European Commission  Our competitive advantage is to be united in diversity. Advantage that can only be realised by working at ecosystems level to be a Startup Europe: a startup continent.”


To Game or not to Game?
Finnish companies operating in the Gaming industry are only 13% of the population and have attracted almost $400M, 21% of all capital made available to scaleups to date. But if we remove the 2 IPOs by Rovio and Next Games, investments in Gaming are actually slightly declining over that period. YoY growth (2017/2016) is anyway the highest, 3.7x.
Medtech (11% of the population) attracted 8% of the total capital ($142M) with a YoY of 1.5, Cleantech the 10% ($190M) with a YoY of 2.0, while traditional industries such Hardware and Software collected respectively 8% ($153M) and 9% ($161M), covering the 9% of the population each. 

Top 5 industries for Capital raised - Finland

Scaleup Helsinki
The capital city of Helsinki hosts 131 scaleups, which raised altogether almost $1.2B. This concentration is 60% of the total population, and contains 63% of the capital raised. If we add Espoo, home of other 33 scaleups, concentration rates go up to 75% and 82%. Outside of the capital, Oulu is the largest scaleup hotspot, followed by Tampere and Turku.


M&A Momentum
The Finnish ecosystem is definitely seeing momentum in M&A activity. With a total of 112 acquisitions of Finnish startups and scaleups since 2010, after a relatively stale M&A activity, each year since 2013, 2017 signed a turning point with 45 M&A transactions, 3.5x compared to 2016. Nevertheless, they are still a domestic business, since the 38% of Finnish startups are acquired by Finnish companies. 28% belongs to US, 16% other countries, 13% to other Nordics and 5% to other countries (mostly Chinese and Japanese companies).


Not surprisingly, the Gaming startups get the third spot in the industry ranking of Finnish startup M&As with 11 deals (the 10% of all), right behind Software Solutions (first at 18 deals, the 16%) and Enterprise Software (14 deals, the 13%). 

___

* Notes on Methodology
Scaleup Density Ratio: number of scaleups per 100K inhabitants. A measure of density of scaleups in a given ecosystem.
Scaleup Investing Ratio: capital raised by Scaleups as a percentage of GDP. A measure meant to measure the capital invested in scaleups in a given ecosystem, compared to the size of the overall economy of that country.
Scaleup Country Index: country ranking built upon Scaleup Density Ratio and Scaleup Investing Ratio. A measure of the overall innovation commitment of a given ecosystem and its ability to produce significant tech players.
The indicators above are produced and monitored by Mind the Bridge.

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CONGRATULATIONS TO THE 11 LUCKY WINNERS!

Congratulations to: Spendee from Czech Republic, GewdTime from Slovenia, bFertile from Slovenia, SettleMint from Belgium, Smart Optometry from Slovenia, Axensor from Belgium, FeliCity LTD from Hungary, CargoPlanning from Romania, Silent Call from Czech Republic and FINQware from Romania, Finbot platform from Denmark!

 

MY-GATEWAY cannot wait to formally meet all of these amazing startups and help them grow through Web Summit and beyond. MY-GATEWAY was astounded by the variety and creativity of the many applications submitted to the ticket giveaway. In the end, we believe we have a great group of entrepreneurs and innovators we believe will be the future of disrupting the startup industry. Stay tuned to keep up with our road to Web Summit!

 

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 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, not the travel cost or any financial support.

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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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