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.
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 people, compared to 2.5 in UK, 0.6 in Germany and 1.0 in France. And 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%.”
“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 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.
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.
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.
“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 Commission – This 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 neglected – said Alberto Onetti – We will publish after the summer a dedicated study focused on these minor hubs that are key for Europe.”
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.
London SEP Scaleup Summit, June 28-29
SEP Scaleup Summits are highly curated, invitation only, matching activities hosted by the most prestigious European Stock Exchanges where international corporates, investors and scaleups operating in specific verticals can do business and spot technology trends.
London SEP Scaleup Summit will focus on the following topics:
- AI/Machine Learning/Big Data
- Digital Construction/Smart Cities
- Industry 4.0
Martin Haemmig, VC Community @ WEF-Davos
Francisco Velázquez, President, Axon Partners Group
Markus Benzler, Director Head Multi-Managers PE, UBS
Isidro Laso Ballesteros, Head of Startups and Scaleups Sector (Startup Europe)
Alberto Onetti, Chairman, Mind the Bridge
Participation in the Scaleup Summit is by invitation only and reserved to tech scaleups, corporates and investors.
09.00 – 10.00 Registration / Welcome Coffee
10.00 – 10.30 State of the Art
London Stock Exchange Group
10.30 – 11.15 keynote: The Globalization of VC & CVC Industry
Prof. Dr. Martin Haemmig, Coordinator of VC Community @ WEF-Davos
11.15 – 12.00 Welcome and Summit Overview: Agenda, Who’s Who, Expectations, Press Announcements
Alberto Onetti, Chairman, Mind The Bridge
Isidro Laso Ballesteros, Head of Startups and Scaleups Sector (Startup Europe)
12.00 – 13.00 Networking Lunch
13.00 – 16.00 Parallel Sessions
Open Innovation Boot Camp | Growth Assessment | EU Investors Forum
16.00 – 16.45 Vertical Deep Dive
AI/Machine Learning/Big Data
16.00 – 19.00 1:1 Matching
16.45 – 17.30 Vertical Deep Dive
Digital Construction/Smart Cities
16.00 – 19.00 1:1 Matching
20.30 – 22.30 Cocktail & Gala Dinner at BT Tower (TBC)
08.00 – 09.00 Market opening at London Stock Exchange & Vip Breakfast
09.00 – 09.45 Vertical Deep Dive
09.00 – 12.00 1:1 Matching
09.45 – 10.30 Vertical Deep Dive
09.00 – 12.00 1:1 Matching
12.00 – 13.00 Networking Lunch
13.00 – 13.45 Vertical Deep Dive
13.00 – 16.00 1:1 Matching
13.45 – 14.30 Vertical Deep Dive
13.00 – 16.00 1:1 Matching
16.00 – 16.15 Closing
Acciona and Autodesk join SEP and launch EU platform for Digital Construction & Infrastructure
Startup Europe announces: ACCIONA and Autodesk Join Startup Europe Partnership and Launch first European Platform for Digital Construction and Infrastructure
The Spanish group and the US tech leader enter the Startup Europe’s Open Innovation Platform led by Mind the Bridge. The platform will be open to other international construction, engineering and technology companies.
ACCIONA, a leading supplier of sustainable infrastructure solutions and renewable energy projects, and Autodesk, Inc., a globally leading 3D design, engineering, and construction software company, will join the Startup Europe Partnership (SEP) and support the global growth of European companies. Seeking to play a central role in Europe’s economic future and in Industry 4.0 transformation, ACCIONA and Autodesk will power the new SEP vertical platform dedicated to Digital Construction and Infrastructure.
The goal of this new platform is to stimulate and accelerate European startups and scaleups able to provide innovative and digital solutions in construction, helping reduce costs and carbon emissions, improve profitability and efficiency, and create a smarter more diverse construction industry.
ACCIONA’s and Autodesk’s entry into SEP is a commitment to the “startup challenge” with the goal of assessing opportunities for possible procurement, investments and acquisitions.
“I am delighted that ACCIONA and Autodesk have joined the Startup Europe Partnership open innovation platform, part of the European Commission’s Startup Europe initiative, to help European startups innovate and digitalize the construction industry that plays a relevant role in Europe,” said Isidro Laso Ballesteros, Head of Startups and Scaleups at the European Commission.
“The European startup landscape isn’t just about young micro-companies. It is also about scaleups and large corporations working together in a win-win for all. “As industries embrace digital transformation, the potential of improvement is exponential” said Alberto Onetti, Mind the Bridge Chairman responsible for Startup Europe Partnership. “Moving the Construction industry from Analog to Digital, we can produce annual savings over $1 Trillion, beyond reducing waste and increasing safety on the work place. That said, we are thrilled to partner with ACCIONA and Autodesk and other companies that will decide to join us on this very important challenge whereas European startups can play a key role.”
“We believe that innovation and startups have the power to change the future of the cities and infrastructures” said Telmo Perez, Chief Innovation & New Business at ACCIONA. “Digital technologies as robotics, 3d printing large scale or AI are about to change the construction industry like never before and require total different approaches as this alliance with Autodesk and Mind The Bridge, or ACCIONA’s open innovation platform I’MNOVATION www.imnovation.com. We are looking for European startups that help us to build that future.”
“The construction industry is a $10 trillion market, expected to grow to $17T by 2030 with the challenge to build one thousand new buildings per day” said Uwe Wasserman, Director, Business Development AEC at Autodesk. “The construction industry is aggressively embracing digitization and Autodesk is eager to continue our support for the industry’s transition into the era of digitization and connection. The startup ecosystem is proven to be of tremendous value by bringing innovation, productivity and savings to construction and with BIM360 and Forge Autodesk is offering an open platform helping startups to build solutions addressing all different phases of the entire construction project lifecycle from design, preconstruction, construction execution and handover into operations.
ACCIONA and Autodesk will create a new SEP vertical platform dedicated to Digital Construction and Infrastructure. The goal of this new platform is to stimulate and accelerate Europe’s startups and scaleups able to provide innovative and digital solutions in construction, helping reduce costs and carbon.
The platform will be open to other international construction, engineering and technology companies that have the possibility to join as “Corporate Partners”.
An ongoing call aimed at looking for European innovative startups and scaleups, managed by Mind the Bridge, is available here: https://startupeuropepartnership.eu/vertical-platforms/
Selected startups will be introduced to ACCIONA and Autodesk and other key players in the industry in dedicated sessions during the next SEP Scaleup Summits with the goal of assessing opportunities for possible procurement/co-development, investments and acquisitions.
The main areas of interests and challenges to be addressed are:
Digitalizing the Design and Construction Process
- Design to Fabrication
- Design to Preconstruction
- Design to Construction
- Industrialization of Construction
- The Connected Work Site
- Automation & Robotics
- 3D Printing, additive manufacturing
- Connected BIM workflows (e.g. VR/AR/MR, Generative Design, Machine Learning, Computational Design, Reality
- Capturing, Simulation and Analysis etc)
- Autonomous machinery and vehicles
- Other: data, blockchain, etc. (i.e.. Safety, Monitoring, Management & Administrative)
Data focused Operation & Maintenance of Infrastructures
- Remote control and monitoring
- Predictive forecasting and maintenance
- Advanced delivery
- Connect BIM & GIS (Master planning > Project planning, Hand Over > Infrastructure maintenance
The Future of Cities
- Design & Planning
- Mobility & Transportation
- Connected New Services
- Reduce Risk and Costs
- Drive profitability, Safety and Sustainability
- Generate new revenue lines and business models
Search begins to find Europe’s 25 Corporate Startup Stars of 2017
Search begins to find Europe’s 25 Corporate Startup Stars of 2017
March, 22nd – The hunt is on to find Europe’s 25 Corporate Startup Stars of 2017 with nominations opening on Wednesday 22nd March. The ranking, run by advisory firm Mind the Bridge and innovation foundation Nesta, will recognise Europe’s top “startup-friendly” corporates. The scheme takes place under the European Commission’s Startup Europe Partnership initiative.
Judges will award companies that have gone the extra mile to establish mutually-beneficial partnerships with startups – whether through favorable procurement terms, partnerships, accelerators, direct investment, mentoring, intrapreneurship schemes, competitions or other dedicated internal programmes. Nominations will be judged by an expert panel that is chaired by Sherry Coutu, author of The Scale-up Report and angel investor.
In 2016 Cisco was crowned as the most startup friendly corporate in Europe at the Startup Europe Summit in Berlin as a result of its unique approach to partnerships and investments through its Cisco Entrepreneurs in Residence (Cisco EIR) corporate venturing programme. Runners up included Rabobank and Unilever.
Nominations close on Wednesday 12th April 2017 with the 25 stars and final ranking revealed in Autumn. Startups, scale-ups, startup supporting organisations, mentors, and those who have witnessed examples of good corporate-startup collaboration will be asked to nominate the corporates that are offering the most effective support. Self-nominations are not considered, but corporates are encouraged to ask their startup network to nominate them. Last year nominations were crowdsourced in a similar way and over 100 nominations were received.
Andrus Ansip, Vice-President for the Digital Single Market, European Commission, says: “Cooperation between corporates and startups speeds up new business models and innovation. It is a key action to strengthen our ecosystem. Europe’s 25 Corporate Startup Stars is an inspiring European step forward. Celebrate successes, embrace failures; let’s speed up the learning curve on a bigger scale.”
Alberto Onetti, Chairman of Mind the Bridge, comments: “Starting new innovative businesses is not enough. We need European startups that are able to scale up in Europe. Corporations are front and central in this process. They can provide business opportunities as well as capital and exits. SEP 25 Corporate Startup Stars is aimed at showcasing best practices and role model how the corporate-startup collaboration might benefit both sides.”
Chris Haley, Head of Startups and New Technology Research at Nesta, comments: “Collaboration between corporates and startups, if done right, can bring tremendous benefit to both. Startups can access invaluable resources and market insight which can help them scale, whilst for established companies, such collaborations offer an important mode of innovation – as well as subtler benefits like cultural change. However, it is hard to get it right. We believe that the organisations doing this well should be recognised as trailblazers, and hope that they inspire others to follow suit.”
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