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Press Release

Pitching contest at Startup Europe Summit

We’re looking for 25 companies that have raised already seed or series A funding to join us at  Startup Europe Summit, 21st-22nd March.

What we offer to the applicants with seed funding:

  • Exhibition possibility
  • Travel (economy) and accomodation (2-3 nights) costs will be covered for one representative from your country to Cluj-Napoca.

What we offer for the Series A companies:

  • Possibility to pitch in front of an expert jury. The selected entries will have about 10 minutes to pitch, followed by a Q&A session. All pitching participants will be rewarded with access to top investors – something that can really mark a milestone in your entrepreneurial life! The companies the jury members represent are: AXON, Early Game Ventures, Index and Atomico. More details will follow.
  • Travel (economy) and accomodation (2-3 nights) costs will be covered for one representative from your country to Cluj-Napoca.

How to apply?

  • We welcome applications from Poland, Bulgaria, Hungary, Romania, Czech Republic, Slovenia, Slovakia and Croatia.
  • all verticals are accepted
  • send your pitch deck to contest@mygatewayproject.eu
  • in the body of the email, tell us:
    • why you’d like us to attend,
    • what your expectations are,
    • your vertical,
    • contact details of the person who would be attending the event (name, surname, position, email, telephone);
  • Subject: SES19

Apply by 4th March

 

What is Startup Europe Summit? 

Startup Europe Summit is an event that brings together the leading players in technology entrepreneurship and innovation. This year, the summit will take place in Cluj-Napoca, Romania in light of the Romanian Presidency of the Council of the European Union. At the Summit you will be able to join thematic workshops, network with venture capitalists, engage with policy makers and learn how to grow your business abroad.

Startup Europe Summit draft agenda.

 

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StartUp Europe Awards Special Edition SES19 is looking for the best European startups

StartUp Europe Awards (SEUA), an initiative supported by the European Commission in collaboration with Startup Europe and organized by the Finnova Foundation, is holding a Special Edition for European startups that will be recognized during the Startup Europe Summit 2019 (SES19), to be celebrated in Cluj-Napoca, Romani, on 21 and 22 March 2019.

This SEUA Special Edition SES19 will recognize five startups, one for each one of the following prizes: Female-led startup; Young-led startup (founder under 30); United Nations Sustainable Development Goals startup; Social Inclusion startup and Job Growth startup.

It is possible to apply to the awards for every startup created 5 or less years ago in Europe. To apply, startups must fill in with detail the form found in the website of the SEUA Special Edition, and the deadline to apply ends on 23:59 hours (CET) of 17 February 2019. The startups should choose the prize most suitable for them (just one option).

A multidisciplinary jury, composed by professionals from different countries and fields, will make the selection of the best EU startups taking into account existing startups in the EU that meet these criteria and the applications received. Some of the jury members are part of the High Level group of experts from Startup Europe (European Commission).

Benefits for the selected startups

Winning startups will be invited to participate in the Startup Europe Summit SES19 that will take place between 21 and 22 March in Cluj-Napoca, Romania. The expenses during both days for 1 member of the startup will be reimbursed (transport from country of origin to Cluj-Napoca, accommodation and daily allowance).

The startups will be recognized in a ceremony that will be held on March 21 in the frame of the Startup Europe Summit 2019 and will count with the presence of authorities from the European Commission, key influencers, investors, tech leaders, tech journalists, policy makers and entrepreneurs.

In SES19, the selected startups will be able to showcase their innovation in the networking area of the conference and will gain exposure and visibility through the StartUp Europe Awards Media Alliance composed by more than 30 media outlets and social networking sites.

The selected startups will pass to the European level of the next StartUp Europe Awards edition, regardless of any other startup competing or awarded in their country or category.

StartUp Europe Awards (SEUA) is an open innovation initiative promoted by the European Commission and the Finnova Foundation in collaboration with StartUp Europe; it is supported by the President of the European Parliament, the President of the Committee of the Regions, the Vice-President of the Economic and Social Committee and several members from the European Parliament. StartUp Europe Awards is sponsored by StartUp Europe Accelerator.

SEUA has celebrated two European finals (one in Brussels and the other one in Sofia), and is going to launch the third edition during the first quarter of 2019.

The winning startups will have access to information on opportunities offered by the European Union to boost and internationalize their projects through the StartUp Europe Accelerator program of the Finnova Foundation.

For more information about the StartUp Europe Awards Special Edition SES19 please visit https://bit.ly/2RMIL42

 

Startup Europe Summit 2019

Known as an evolving tech hub in Romania, the city of Cluj-Napoca will host the fourth edition of Startup Europe Summit in 2019, the perfect occasion to recognize the best European startups.

In the previous edition of the Startup Europe Summit, startups found information about new funding opportunities; meetings with investors, corporates and leading enterprises and public administration representatives as well as networking with a vivid community of key decision makers and tech leaders within EU, notably Central Eastern Europe and Western Balkans regions.

 

Press contact

Catalina Valencia

eustartup@finnova.eu

 

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Calling MedTech European startups to join our Deep Dive Week in Dublin – Applications until 15 February

Startup Lighthouse is opening up applications for its next mini acceleration programmes with Dublin being the first. Do you have a #MedTech #startup and you are looking to scale abroad? Have you been considering Ireland? Join us at our Deep Dive Week Dublin (7-10 April).  (more…)

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MY-GATEWAY EMBRACES THE NEW YEAR WITH A GOLDEN TICKET TO STARTUP OLÉ.

What did you write in your New Year’s resolutions list?

Did you wish for happiness, travelling to a Western European country, attending startup events, meeting new investors..? If this is the case, I’m thrilled to announce that Startup Olé is looking for 15 CEE startups to join the event! Yes, you read it well: 15 startups!

MY-GATEWAY will help detect those Central and Eastern European startups that will benefit the most from attending the Spanish event, making sure startups are well aware of the opportunities they can be catered for. The target of our contest are startups based either in Romania, Czech Republic and Slovenia.

Those startups will need to really convince and tell us why they think Startup Olé can help them out boost their business growth, and, of course, send us a pitch deck. Attending Startup Olé can be a truly enriching experience… as you long as you prepare well for it! By using the Startup Olé app, you can gain access to investors, corporates, mentors and set up meetings with our fellow attendees.

Startup Olé startup stand in 2018

To make sure you stand out as you deserve, you’ll be provided with a whole stand to show your product and sell it to your target, so do come prepared with merchandising and flyers that can help you achieve your objectives! And…did I already say that travel and accommodation costs are included for one representative of your team? We really don’t want the distance, and its costs, to be a problem. That’s why travel and subsistence expenses are entirely covered by us.

Last but not least, some of the startups which will go through our selection process will also gain the possibility to join the PITCHING competition.

What do YOU need to do?

In order to be eligible for this contest you’ll have to do the following:

  • send your pitch deck to contest@mygatewayproject.eu

  • in the body of the email, tell us:

    • why you’d like us to attend,

    • what your expectations are,

    • your vertical,

    • contact details of the person who would be attending the event (name, surname, email, telephone);

and also:

  1. on social media, share/retweet a message in which you saw the open call promoted (in your email, we’d like to see the link to your publication or a screenshot)

  2. and follow and/or like MY-GATEWAY social media channels (FacebookTwitterLinkedInInstagram)

 

Deadline for applications: 4th of February 2019

 

What is Startup Olé?

Startup Olé 2019 will take place in Salamanca (Spain) from 26-29 of March and it will gather +30.000 attendees from 120 countries; +850 startups, scaleups and spin-offs; +500 speakers; +250 corporates and investors with an investment portfolio of over €50k M. Our fifth edition will be the biggest so far and we are working hard to make this an event that you will never forget, so do not wait any longer and join the family!

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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Startup Europe Summit 2018

The European Startup Event comes to Sofia. This time it will be about technology leadership, European ecosystem funding (more than €10 Billion in the pipeline) and growing your business. During the day startup leading founders and tech leaders share their learning, providing perspective and showing what it takes to build a successful startup. Are you joining?

Startup Europe Summit 2018 logo with star

Featured guests:

  • Mariya Gabriel, Commissioner for the Digital Economy and Society, European Commission
  • Simon Schaefer, Founder & CEO of Factory, President of Startup Portugal and Angel Investor in Europe.
  • Anja Monrad, Senior Vice President & General Manager at Dell EMC, CEE and chair of the Digital Skills and Jobs Coalition Governing Board.

Previous editions have featured key influencers such as Commissioners Kroes, Oettinger, and Moedas, President of the European Committee of the Regions Markku Markkula or executives such as former Uber CEO, Travis Kalanick.

What you will find within the Summit?

Breaking news from EU & Tech Leaders

Get inspired from leading tech stars and EU policymakers. Discover new funding opportunities, including programs to support startups (Startup Europe, European Innovation Council). Learn how you can change the tech game.

Business first

It’s about doing business deals. Meeting with investors, corporates and leading enterprises. Discovering how public administration from across the region and Europe can help. This is the place to be.

Ecosystem building – Networking

Startup Europe Summit attendees are driven and focused. Whether you’re looking for funding, a new job, your new co-founder or investment, the summit offers several ways to help you connect with the right people efficiently and effectively.

Three reasons to attend:

  • Learn about European funding opportunities directly from Brussels. With more than €10 Billions in the pipeline, EU is becoming the main investor in Europe!
  • Network with the key decision makers and tech leaders within EU, notably Central Eastern Europe and Western Balkans regions
  • Have access to business deals with corporates- investors – and public administrations for startups and scaleups.

Register now to join 400 key European startup ecosystem enablers – accelerators, investors, entrepreneurs, academia, policy makers and media representatives.

You can find more details about the programme below:

Button to redirect to the conference programme of the event

Registration concludes on 12 November 2018, 12:00 CET. On-site registration is not possible.

Register for the Startup Europe Summit

Networking marketplace: If you want to get the most out of your participation to the event, take a few minutes to see who else is attending the Summit and arrange bilateral meetings with the participants that are of your interest. Participants can look each other up on the participants directory of the event page, and use the personal messaging feature to arrange a bilateral meeting during the event.

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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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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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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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