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European Innovation Day (EID), part of SEC2SV mission

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

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

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

Registrations are available HERE.

 

Hot topics of 2018 edition will include:

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

First confirmed speakers unveiled:

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

 

Looking for the next Unicorns!

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

Minimum requirements to be considered as a Scaleup:

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

Applications end on July 1st.

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SEP ELITE Tech Scaleup 100 – The ranking unveiled!

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

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

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

 

Download the SEP ELITE Tech Scaleup 100 infographic

 

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

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

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

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

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

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

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

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

 

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

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STARTUP CAMP 2018

SHARE EXPERIENCE. CREATE FUTURE.

Mission.

Bringing together founders, entrepreneurs, investors, and selected students, the Startup Camp serves as the largest early stage startup event in Berlin.

Share Experience.

Conference | The conference features keynote speeches with insights and knowledge-sharing from startup veterans and industry experts. Office Hours | Offers individual lounge areas within the camp for participants to meet with experts for one-on-one Q & A time.

Create Future.

Pitch Marathon | A serious and interactive startup competition helping you to raise your first round of money.  Expo | Showcase your product at the Startup Expo and reach out to a much wider audience of students, entrepreneurs, founders, customers, investors, and potential future partners.

We know Startups.

The organizers are serial entrepreneurs themselves who have started, grown, sold or shut down their own companies. Since 2005 we have organized more than 200 events & Meetups. Our goals are to help you start smarter and grow faster.

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STARTUP EUROPE 2018-2020 BOOTCAMP

Presentation of Startup Europe

  • Introducing some communication tools
  • Presenting vision
  • Getting the projects partners to meet

Lunch Networking

  • Meeting per consortium

 

In partnership with Startup Europe and Paris&Co.

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Startup Europe: leading partner for Entrepreneurs and their ecosystems

STARTUP EUROPE CAMPFIRE PARIS

Paris CAMPFIRE will be the first of a series of events piloted by the Startup Europe initiative of European Commission Directorate‑General for Communications Networks, Content and Technology through consortium leaders, to highlight the opportunities and network the community partners.

GET A TICKET HERE! 

Thus the Campfire will be advertised throughout Europe – by setting the first one in Paris, DG Connect and Startup Europe initiative is encouraging Paris area and France for the leading role these ecosystems are taking in the support of start-ups & their ecosystems, and the shift France makes to become a startup nation.

OBJECTIVES OF THE CAMPFIRE OPENING EVENT:

The event gathers several objectives among which:

  • Promote Entrepreneurship culture – The European Startup Continent
  • Promote the Startup Europe Initiative and tools @overall European level
  • Reinforce links between Startup Europe Initiative and national/local initiatives
  • Promote opportunities for startups and ecosystems to participate in the 10 running and financed programs
  • Discuss potential areas for further implications for next calls
  • Showcase Paris Area as a leading hub for start-ups and build bridges with the CEE and Balkans
  • Better connect French Tech & Paris Ecosystem players to Startup Europe

PARTICIPANTS AND COVERAGE:

Expected participants: 200 +

  • Entrepreneurs and perspective entrepreneurs
  • Venture Capital Organization
  • Incubators, accelerators, clusters
  • Innovation funding organization
  • Government representatives

Coverage:  National and European media

PROGRAMME:

  • Introduction words
  • Session 1: Initiative for Entrepreneurs
  • Session 2: Presentation of the 10 ongoing StartUp Europe Projects
  • Session 3: Supporting Startup Culture
  • Session 4: Startup Founders Entering into International Markets
  • Session 5: Connecting Balkan and Central East Europe with leading EU hubs
  • Session 6: Lead fields for tomorrow

Event in partnership with Startup Europe and the Île-de-France Region

GET A TICKET HERE!

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Eight startups will represent Belgium at StartUp Europe Awards in 2017

  • Creative, Cybersecurity, Fintech, Gastronomy, Green, Smart Cities, Social and Tourism categories are going to be represent at SEUA17

Brussels, 13 of February of 2018. StartUp Europe Awards is promoted by the European Commission and supported by the President of the Committee of the Regions, several members of the European Parliament as Ambassador and it is implemented by Finnova Foundation in collaboration with StartUp Europe.

Digital African Woman is the responsible for Belgium. They are a social enterprise dedicated to the innovation and support for female-led tech business ideation. The Digital African Woman provides our best Master trainers to help startups develop their product and identify investor. We provide the opportunities for these women-led businesses to move from pitching their ideas to pitching a product.

Eight startups will represented Belgium in Startup Europe Awards.

In Creative category Ochola.asbl is the winner. Ochola is a friendly place where you can discover all that Africa has to offer, is also the ideal place to discover new people in love with Africa, and to think together about a better future for this continent. Open to all and in a vision of cultural cohesion, we welcome you around a café to better reflect on the development of the African Continent and the promotion of the know-how of its descendants.

Cyberber Way Finder is going to represent Belgium in Cybersecurity category. This startup helps to create a community of women cybersecurity experts and build up a network of companies that have a need for qualified professionals. Cybersecurity is a social issue. It has the responsibility of keeping our online data safe, and of preventing cyber-attacks from threatening our safety, and critical public infrastructure that provide basic needs such as healthcare and mobility.

In Fintech category, Ewala is the winner. Ewala allows you to send airtime credit to your friends’ and families’ prepaid mobile phone abroad.

Chocolat Guérin Boutron is the Gastronomy representant. They are a prestigious enterprise that today fosters a global awareness where the identity, individuality and cultural diversity of itspartners are not only respected but celebrated.

In Green category the winner is Robin Food. Robin Food store is an application that aims to reduce the food waste of distribution by referencing products close to the final date of sale.

For Smart Cities category Parcify is going to represent Belgium. This startup helps you with your packages, delivering in just a few simple clicks. Parcify connects private senders and businesses to independent couriers that are heading in the right direction, through a crowdsourced delivery platform, to ensure a sustainable, cost effective and convenient delivery of goods.

We Love BXL is the winner in Social category. WeLoveBXL is a brewery of talent. Our mission is to co-create a diverse, dynamic and positive community-driven environment where youngsters can be teased, inspired and stimulated in their personal development process. A physical hotspot to connect in the heart of Molenbeek providing access to a variety of core and hosted recreational and professional activities. Investing in talent and potential by setting up valuable partnerships with relevant stakeholders. Aiming to reach as many youngsters, focused on creating a lasting impact by empowering youth in their socio-economic challenges.

In Tourism, Vindr is the winner. This startup is an online platform where you can choose different Belgian cities and the shops most used by tourists and thus be able to locate them on the map.

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Scale-EUp² – ecoSystems Connected to AcceLerate and Encourage European Union start-uPs with high Potential

Scale-EUp2 is a market driven project aiming to scale-up 30 IoT/deeptech start-up through the connection of 4 hubs (Paris area, Barcelona area, Stuttgart/Karlsruhe area, Styria & Carinthia area). The market focus is on 4 emerging application domains of the Internet of Things (IoT)/deeptech: Smart Cities, Mobility, Industry 4.0 and Health and Well-Being.

Six events (called Deeptech4good) will be organized during the project in the 4 hubs to help start-up raise funds (fundraising pitch contests), meet large corporates from the areas (business to business meetings) and get involved in public-funded innovation and R&D collaborative projects (open innovation workshops).

Key actions

  • Screening and mapping high-potential start-up:

The objective is to identify the start-ups with high growth potential, learn how to help them individually, organize coaching sessions to help the start-up fine-tune their strategy and identify the most relevant actions to connect them with strategic partners in the value chain, access emerging markets and attract investment. Meetings with the start-up’s management team will be organized and an online “platform” will be implemented to facilitate the identification of skilled employees and recruitments at both the local and European scale.

  • Facilitating market access:

A methodology will be developed to analyze the value chain taking into account the characteristics of the players targeted in the project, their development strategies, the diversity of technological bricks in the emerging field of “Internet of Things” and the specificities of the 4 applicative domains in the scope of the project to develop concrete, business oriented collaborations between the high-tech start-up. The value chains analysis will allow to organize open innovation workshops and matchmaking sessions, attracting stakeholders beyond the technological perimeter: public authorities, students, researchers, insurance companies, legal representatives…

  • Attracting private and public finance:

After a benchmarking phase at each regional level, a board of private investors will participate in start-up fundraising challenges to evaluate the applications and the pitch sessions during the 6 events organized throughout the project. Moreover start-up will be informed, during the open innovation workshops, of every public funding opportunities at the regional, national and the European level to transform the emerging ideas into collaborative projects.

Six events (called Deeptech4good) composed of 4 main parts will be organized throughout the project:

  • fundraising pitch: 5 start-ups selected by the investors’ board in each of the 4 categories will pitch their project in front of the audience and get feedback from the investors,
  • a matchmaking event with corporate players will focus on providing start-up market access,
  • an open innovation workshop, relying on the needs of the targeted markets and on the results of the value chain analysis, will be organized to facilitate the emergence of collaboration projects between the different stakeholders.

The events will be organized according to the following provisional agenda: 11th July 2018 (Paris – France), October 2018 (Germany), January 2019 (Austria), March 2019 (Spain) June 2019 (France), October 2018 (Germany). We will try to link our events with other major existing events to lower costs and acquire higher exposure.

Key contacts

Organization Contacts Title email
Opticsvalley Karl GEDDA General Manager k.gedda@opticsvalley.org
Opticsvalley Paul STEFANUT Business and Innovation Manager p.stefanut@opticsvalley.org

 

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SEP 2.0: Facilitating Startup-Corporate Partnerships and Endorsing Exits

When compared to international heavyweights like Silicon Valley and Tel Aviv, Europe’s scaleup scene falls short. Few of its startups are able to scale, and even fewer fit to acquire unicorn status. Startup Europe Partnership 2.0 finds its roots in the recognition of this gap.

Funded through the Commission’s Horizon 2020 project, SEP’s first iteration was established in January 2014 at the World Economic Forum in Davos, its objective to transform startups to scaleups by linking them with global corporations, investors, and stock exchanges.

In its second phase of funding, SEP 2.0 takes its initial aim to action.

The project is a partnership between 6 European organizations — Mind the Bridge (Italy), European Startup Network (Belgium), Nesta (UK), ELITE (Italy), Startup Olé (Spain), and Scaleup Institute (UK). Together, the members will organize four Scaleup Summits, all with the same intent: facilitating startup-corporate partnerships, increasing international visibility for European scaleups, and fostering exit opportunities (IPOs in particular).

After scouting upwards of 20,000 scaleups, Summits will host 75 each, totalling 300 participating scaleups. This is alongside an undetermined number of corporates and investors. Verticals are pre-determined, with the objective of increasing likelihood of successful business partnerships. For the first go-round, to be held in Milan on March 15 and 16, deep dives are Artificial Intelligence, Blockchain, and FoodTech.

Still, highly qualified scaleups might prove worthy; in this case, scaleups working in Digital Construction, InsurTech, Connected Cars, and additional alternative industries may be nominated.

On Summit days, corporates and scaleups will engage in qualified, face-to-face business meetings; have access to training activities concerning cultural disparities and how to produce productive partnerships; and generate procurement, development, proof of concept, and other collaborative exercises. Scaleups will connect with new customers, explore and penetrate alternative markets, and increase turnover.

The Summits should prove no less valuable for international investors and corporates, who can improve knowledge concerning investment in the digital sector and subsequently enlarge the investment pool itself. They will, too, obtain additional analysis and understanding of market trends and business models in digital sectors.

Finally, bi-annual meetings will facilitate financing and improve liquidity for European investments in fast-growing ICT startups and scaleups, and, as noted, stimulate financing through stock markets.

Over the two-year project period, expected impact is strong: 800+ scaleups matched with corporate investors, 600+ introduced to IPO opportunities, 250+ with increased international exposure, and 100+ obtaining dedicated IPO preparation via ELITE’s intensive accelerated exit program. SEP 2.0 anticipates €750M+ capital raised via Venture Capital follow-up rounds and IPOs, on top of €20M+ in new revenue via facilitated business deals.

In order to achieve such aims, SEP 2.0 will build on existing platforms with proven effectiveness and reach — e.g. Startup Europe Partnership and European Startup Network. With 24 member countries engaged in ESN’s ecosystem, the organization has access to over 25,000 startups and has built long-standing international relationships that will prove advantageous to the project’s ends.

SEP 2.0 provides these platforms with additional scale, integrating them with innovative activities in collaboration with international stock markets. In order to incorporate diverse and dynamic exercises, SEP 2.0 will blend physical activities with online services.

The project’s first major event kicks off this spring and will run until December 2020, with insights and improvements along the way.

Nominations will be accepted on a rolling basis — incubators, accelerators, and alternative organizations are welcome to provide qualified scaleup names to hello@europeanstartupnetwork.eu.

To stay informed about the project, subscribe to ESN’s newsletter at http://europeanstartupnetwork.eu.

 

About Startup Europe

Started in 2011, Startup Europe has become a reckoned reference in the European startup related field. Our mission is to build a Startup Continent by increasing the connectedness among all players of the European startup ecosystems.

 

Article written by Emily Bogen, a great intern at ESN.

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The blooming of a new Startup Europe project: My Gateway!

Last week, in Budapest, the kick off meeting of a new Startup Europe project took place. A project which aims to connect entrepreneurs in the Czech, Romanian and Slovenian ecosystems: My Gateway.

At the meeting project partners got to know one another, got a glimpse of what tasks and roles everyone will be carrying out and got an insight into the ecosystems we’ll be working with. We also had the pleasure to meet the representatives of the three Balkans countries we’ll extend our network to: Bosnia and Herzegovina, FYROM and Serbia.

 

The WP leaders

 

Europa Media, the leader of the project, showed some bursts of creativity in the organisation of the meeting, and planned activities where the partners’ knowledge of the project was tested! All Work Package leaders (yes, that’s how we divide the work in the project) were asked to gather their teams and quickly present what their tasks are about. Some real eruptions of imagination and outburst of drawing skills were detected in this part!

‘Once upon a time in WP6..’

    

Once this exercises finished, one by one, we pitched our work plan, requirements and ideas which gave rise to doubts that were asked and answered as the meeting progressed.

After the meeting, we could not miss out on the chance of strolling down the river Danube, treasuring the beauty of the buildings that overlook it.

Budapest by night

The following day we went through some technical requirements we will all master at some point!

Krisztina Toth, project leader, passing some knowledge to the consortium.

To conclude, we all know the project will change and adapt during the 24 months of its course, responding to the changing needs of the startup world, but the main focus will always concern the connection amongst the ecosystems guaranteeing growth and knowledge exchange. The project’s website will soon be up, so bear with us and find out more about the Central and Eastern Europe countries!

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STARTUP EUROPE PARTNERSHIP EPISODE 2.0 – Open Innovation strikes back

Back in January 2014 we had been selected to help drive the Startup Europe Partnership (SEP), the first pan-European open platform dedicated to supporting the growth and sustainability of European startups able to compete and raise funds at an international and global level.

The work done with Startup Europe Partnership and the SEP Matching Events in the past three years allowed us to “get our hands dirty” and experiment with various formats of startup-corporate collaboration.

Having organized over 20 international matching events, involving over 500 startups and 50 corporates from all over Europe, has allowed us to understand in depth what works and what not. Out of the  565 qualified meetings we organized – of which 359 crossborder – there have been 93 follow-ups. 19 deals have been closed, plus 40+ business discussions are ongoing.

We have gathered an important amount of data on the real success rates in the interaction between corporates and startups – which are between 2% and 5%. Startup – corporate interactions for collaboration normally start after 6 to 18 months, on average.

Immediately after the launch of the Startup Europe Partnership platform at the World Economic Forum in Davos we asked ourselves what the next step was.

 

With the new restyled version of Startup Europe Partnership (SEP 2.0) that will last throughout 2018 and 2019, Mind the Bridge and other partners (ELITE-London Stock Exchange, Europe Startup Network, Nesta, Scaleup Institute and Startup Olé) will leverage the experience accrued in the past years to foster IPOs, facilitate commercial and strategic partnerships and increase international visibility for European scaleups.

The ultimate goal is to scale our platform and help more scaleups to grow further.

The way to achieve this goal is represented by 4 large Scaleup Summits during which the best of the scaleup world (early stage startups are generally not a good match for companies), as well as of the corporate and the finance world (around 150 entities in total) will gather strictly behind closed doors. Goal is to strike deals and assess later stage funding options (such as private placements, venture debt, IPOs).


The 4 Summits will have two characteristics:

  • They will be hosted at the main European Stock Exchanges. In fact, stock exchanges are the other big missing link (our research tells us that only 2% of European scaleups have access to the stock exchange channel and that the big IPOs take place overseas) in the path of open innovation.
  • They will have an international pan-European dimension, involving scaleups, corporates and investors from all over Europe. Because one of the main limitations of many startup initiatives is their local or national character, within a much larger world.

The first Scaleup Summit will be organized at the Italian Stock Exchange in Milan on March 15th and 16th. London, Budapest and Lisbon will follow throughout 2018.

Alongside these major closed-door events, we will organize the fourth edition of SEC2SV. In fact, SEP had successfully launched Startup Europe Comes to Silicon Valley (SEC2SV) with the goal of exposing the best European scaleups to Silicon Valley investors and corporates.

SEP 2.0 will focus on launching a similar initiative called Startup Europe Comes to Israel (SEC2IL), a new annual mission that connects Europe with the Israeli entrepreneurial ecosystem.  

SEP 2.0 will leverage the successful format of Startup Europe Comes to Silicon Valley with high-end meetings connecting scaleups and corporates and investors of the related ecosystem (Silicon Valley in the case of SEC2SV and Israel in the case of SEC2IL) and a large conference – the European Innovation Day (EID) – to stimulate the discussion among the ecosystem stakeholders.

We will also continue to crunch data. Beyond completing our mapping work of the European scaleup ecosystem through our SEP Monitors (the 2018 Scaleup Europe report is scheduled for release in April, while country reports will be published thereafter) and the startup exits (our annual analysis will be published in September), we will deep dive into the intrinsic motivations for scaleups going public and corporates working with startups (here is the link to our latest research on  open innovation we published on the occasion of the Corporate Startup Stars Awards ceremony last December in Brussels).

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