Why Berlin’s Silicon Allee is Europe’s new Silicon Valley [infographic]
As the UK prepares to “brexit,” Berlin’s Silicon Allee is poised to take its place as the EU’s new Silicon Valley. Various entrepreneurs think Berlin will take London’s place as the EU’s capital for business after the departure. In fact, Inc. reports results from a recent Inc. 5000 survey that indicate 26 percent of EU entrepreneurs believe Berlin will emerge as the EU’s new business center. Others surveyed think Frankfurt will take the crown—but only two respondents said London will remain on top.
As Arne Schepker, CMO of online language learning system Babbel explains: “Berlin is here to stay. In Europe, only London can compete right now and the impending Brexit is not going to make the UK any more attractive. I personally think Berlin needs more breakthrough showcases like Zalando to build confidence globally and raise valuations.”
There are several favorable conditions that give Berlin an edge in this race. The city boasts a low cost of living compared to tech competitors like London, San Francisco and New York City. There is also a steady stream of skilled labor in Berlin, not to mention easy access to the rest of the EU.
Furthermore, there is already an American tech presence in Berlin. Several big companies like Airbnb and Facebook already have offices there, and incubator programs are readily fostering German startups such as EyeEm and N26 in Berlin. In fact, according to Ernst & Young, Berlin is now home to around 2,500 active startups, which have attracted about $2.7 billion* in venture capital in total. This means Berlin is attracting more money than startups anywhere else in the EU—but not nearly as much as Silicon Valley.
So, what’s the downside? Entrepreneurs still face barriers to entry in Berlin that don’t exist in Silicon Valley or London. Although it is growing fast, Berlin’s talent pool is significantly smaller than London’s. (This may be changing even more rapidly as Brexit causes a talent drain in the UK.) This problem is heightened by the lack of an alumni network that is dependent on a minimum volume in exits. To get to a better place in this regard, entrepreneurs in Berlin will need to either sell their startups or take them public, triggering more local investment.
All things considered, though, Berlin’s Silicon Allee is EU’s new Silicon Valley. This is especially true since the cost of living is pricing out many tech companies as it prices out their workers. We crunched the data to show you how and why that’s going to happen—and why more and more startups, originating in both the EU and the US, are going to be sprouting in Berlin.
You can read the full article at 99 designs.
SEA2Y – Startup Europe final conference
Startup Europe – Discover it’s impact and learn about future initiatives
Startup Europe is holding its final conference in Belgium in February 2017.
- Learn about what we know about the European startup ecosystems
- Discover what we have achieved with Startup Europe projects
- Understand the progress on startup and scaleup policies
- Engage with future projects and plans
- Connect with the Startup Europe network
Morning: Startup Europe Data + Impact
13:00 – 14:00 Lunch break
Afternoon: Future: Horizon 2020 ICT32 call & Networking
More information: EventBrite
‘Speed dating with Investors with Cars’ with Welcome’s partner Mind the Bridge, October 15th at Betapitch, Berlin.
On 15th October, an interesting event was happening in Berlin. Numerous startups were getting into black cars and driving around with investors. This was, in fact, a very clever startup-investor matchmaking event.
As you probably know by now, Welcome Matchmaking events happen within larger events and aim to act as a ‘speed-dating´ sessions to connect carefully selected startups and investors. However, this particular event, ‘Speed dating with Investors with Cars’ was the genius brainchild of Startup Europe Welcome project and their partner Mind The Bridge at BETAPITCH global & Investors day.
In this event, shiny black Audi cars picked up startups to pitch their idea to investors while taking a ride around the block. Like a new version of the ‘elevator pitch’, startups had to get their idea across in limited time, and had the opportunity to make connections one-on-one.
In this event, 50+ 1:1 meetings took place, all whilst taking a drive around Kreuzberg.
And this was not all; in fact a parallel qualified networking session was going on at the same time indoors. At this session, 30+ matched meetings took place, and as you can see from the photos, lots of new connections were made.
Feedback from the event included congratulations for its great organization and praise such as the participants loving the originality of the event, with many positive highlights.
The next Welcome and Mind The Bridge networking event is set to take place at Uprise Festival, Dublin on Thursday 20th October. See you there!
London vs Berlin: battle for the startup crown (infographic)
Have you seen this infographic on London vs Berlin startup ecosystems?
The infographic shows many aspects to take into consideration when comparing the Berlin and the London startup ecosystems. There are, of course, other criteria to take into account, however it is very interesting!
The infographic compares different categories, such as Money, People, and Work/Life Balance, and was created using data from the 2015 European Digital City Index report, The Global Startup Ecosystem Report 2015 and with data from numbeo.com.
The question is, who will your favourite be for 2016?
Startup Europe Summit – Post Event
For two days hundreds of policy-makers, founders, venture capitalists and key startup stakeholders converged on Berlin to inspire each other and create frameworks for real change in innovation policy. Thank you to everyone who attended!
After the success of the first edition of Welcome Roadshows for early stage startups, that last year saw six high potential companies travel across Europe broadening their network and raising funds cross border, WELCOME consortium is engaged in offering even a better experience to the 10 amazing startups selected for 2016.
Their second stop was in Berlin on June 9th and 10th where they attended the Startup Europe Summit 2016, a two-day conference focused on technology and policy-making.
At the event startups had the opportunity to represent their projects with a booth and to take part of the “Startups Games” a pitch competition organized within SES, they enter the pitching battle with almost other 20 startups. Our WELCOME Roadshow startups fought with honor round after round till the final battle where 3 of them out of a total 6 got the opportunity to pitch on the main stage of the event. The final was pretty intense but WELCOME startup still managed to position themselves 2° and 3° with SwiftComply and Girl Crew.
They will soon leave for the Silicon Valley to attend two-week startup school and come back to Europe stronger for next to trips to Madrid and Dublin.
Coming from the five WELCOME HQs these are the 10 selected startups participating to the EU Roadshow tour and Silicon Valley startup school:
- Aria Wearables (Milan) an active thermal shoe sole that heats and cools down the feet
- Cloudroom (Madrid) a cloud based learning platform that brings MOOC into the corporate world
- GirlCrew (Dublin) a global community for women
- Link.Fish (Berlin) a bookmark manager that allows people to work with the information behind URLs
- Replex (Berlin) a service for IT teams that enables them collecting critical information on all infrastructure assets both physical and virtual
- Replit (Madrid) a social discussion platform based on short videos
- Solo (Milan) a virtual POS that lets merchants accept credit and debit card payments
- SwiftComply (Dublin)a platform solution for Fat, Oil and Grease compliance in the food service industry
- TourSnapp (Berlin)a service that applies the concept of Smart cities to cultural tourism
- Up to Seven(Madrid) a social network that enables foodies to share recipes and suggestions
Startup Europe Summit 2016
Founders, Policy Makers and Tech Giants Convene in Berlin to Support Innovation in Europe:
To learn more about the Startup Europe Summit please email email@example.com
● Startup Europe Summit 2016 will be held June 9-10 in Berlin. This is the second edition of Europe’s foremost technology policy conference for startups. Tickets are free for startups via www.startupeuropesummit.com
● Key influencers such as Travis Kalanick, Neelie Kroes, Commissioner Oettinger, Commissioner Moedas and President Markkula are joining European entrepreneurs, venture capitalists and international tech giants for a discussion on the European innovation economy.
● Startup Europe, Factory and Uber partner to announce the best ideas from Uber’s pan-European UberPITCH initiative on June 9th at the Summit.
● Facebook supports SpaceHack, the SES16 Hackathon looking for tech-solutions to make living conditions better for Refugees. Winners will present on Main Stage at the Summit.
● The German Marshall Fund and Factory partner to launch their whitepaper draft on policy challenges for entrepreneurs at the local and European level, based on fieldwork from a 5 city roadshow across Europe.
● Commissioner Moedas to join on June 10th for the launch of the Portuguese Startup Manifesto
● Our schedule is now available for download via startupeuropesummit.com.
Berlin, Germany, 4 June 2016 - On June 9-10, 2016 the European tech community is gathering to meet key decision makers from the European Commission and other international governments to discuss the challenges and successes of technology and policy in Europe. The Startup Europe Summit (SES) looks to create a dialogue about local trends, economic developments, and hear from entrepreneurs and investors in order to support policy makers to develop a regulatory environment that can support the growth of startups and young innovative companies.
The first edition of the Summit in early 2015 brought Commissioner Ansip and Commissioner Oettinger to Berlin in their first 100 days in office, and this year’s SES will again host Commissioner Oettinger as well as Carlos Moedas, Commissioner for Research, Science, Innovation. Additionally key influencers such as President Markkula of the Committee of Regions and Rudy Giuliani will join alongside Europe’s top entrepreneurs, venture capitalists and international tech giants, to discuss what European regulators should prioritize to encourage its innovation economy to flourish.
“We are excited to bring these two different worlds together. Startups and tech companies, the driving force behind today’s economy, have a quiet voice in Brussels. We built this event to allow our friends and colleagues to speak out.”said Simon Schaefer, Founder of Factory.
June 9-10 will host two full days packed with content focusing on the latest startup and policy trends in Europe. Key highlights of this year’s program include the kickoff of the conference on June 9th, with a Fireside Chat with Commissioner Gunther Oettinger followed by a special announcement from Uber CEO Travis Kalanick, revealing the best ideas from the tech company’s pan-European UberPITCH initiative.
With the unique mix of policy makers, entrepreneurs and international tech companies joining, conversations on stage will be matched with closed-door sessions – all boiling down what the Summit’s audience believes the Commission should prioritize in order to make business easier for startups in Europe.
With support from a wide range of sponsors and supporters, the Startup Europe Summit is able to provide tickets free of cost for startups for this year’s event. 800 guests will be joining the conversation in Berlin, adding to the strong voice of key founders and venture capitalists already speaking across the two days.
For more information please visit www.startupeuropesummit.com
The SES16 Press Kit can be found here.
What is the Startup Europe Summit?
SES16 addresses the key technological and policy issues that impact the business arena for startups, mature tech companies and the established industry alike. In the build up to SES16 we create local events in Amsterdam, Dublin Lisbon, Madrid, Milan and Warsaw, to get a local perspective on the the frameworks regulating startups that will be addressed at SES16. During the main event in Berlin, with multiple stages and private meetings, we will produce results and form a joint opinion of the European tech ecosystem.
For more information visit www.startupeuropesummit.com or #SES16
What is Factory?
Factory is building a network of spaces to support entrepreneurs and foster innovation. The concept uniquely combines the potential of digital innovation with the advantages of real estate. We bring together best-in-class startups with international tech companies and local heroes, creating the ideal platform for organic growth, collaboration and serendipity to occur in one place. Factory initiated in Berlin and is now building homes for startup communities around the world.
For more information visit www.factory.co or twitter.com/factory
What is Startup Europe?
Startup Europe is the European Commission action plan to strengthen the business environment for web and ICT entrepreneurs in Europe and contributing to innovation, growth and jobs. Startup Europe activities aim at encouraging entrepreneurship and improving framework conditions for tech startups in Europe.
For more information visit www.startupeurope.eu or twitter.com/startupeu
StartUp Europe Awards will be at the StartUp Europe Summit on the 9th and 10th June
Juan Manuel Revuelta, the General Director for Finnova, the foundation for the innovation based in Brussels, will present the StartUp Europe Awards in the StartUp Europe Summit to be held on the 9th and 10th June in Berlin.
This is an initiative promoted by the European Commission and implemented by the Foundation Finnova. The main aim of StartUp Europe Awards is to recognise the effort made by the start-ups across Europe in eight different areas: Environment, Social, ICTs, Energy, Tourism, Cities, Water and Creative industries, as well as to reward the start-up awards organisers around the EU, by creating the StartUp Europe Awards Alliance, in which all the start-ups awards organisers will be included. For the moment, Zinc Shower is the first Spanish startup awards organiser joining the StartUp Europe Awards Alliance, and the Bank of Ireland StartUp Awards is the first British Member joining the Alliance. The latter has counted on Seán Kelly, MEP for Ireland as ambassador for the Bank of Ireland StartUp Awards in representation of the StartUp Europe Awards (video).
During our visit to Berlin, Finnova is also planning to meet some entrepreneurs located in Berlin, and Germany in general, to explain them the different ways to gain EU funding for their projects and also to offer them our help through the EU training platform and Startup Europe Accelerator, two programmes offered by the Foundation Finnova, the European Foundation for the innovation, and funded by the Spanish Ministry to increase entrepreneurship activity rate.