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startup europe

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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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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SEC2SV 2018: the names of the European Tech Scaleups invited

A new group of Scaleup Europe tech companies ready to be showcased in Silicon Valley

They come from 8 different countries – Albania, Finland, France, Germany, Hungary, Italy, Poland and Spain – and employ nearly 1000 employees for a total of $75M in revenue and more than $135M in funding. They are the 13 tech European companies invited to join the 4th edition of Startup Europe Comes to Silicon Valley(SEC2SV), the premier program for future European Unicorns organized by Mind the Bridge with the support of the European Commission, the European Parliament, and EIT Digital.

For the 4th consecutive year, SEC2SV will welcome the most promising European companies to spend an entire week, September 9-15, in Silicon Valley. The scaleups will spend time with mentors, meeting potential partners and investors, and adapting their business to the US market. The program exposes them to an intense week of concentrated business development in the Valley to help them in their US expansion efforts, including a showcase to investors on September 11th during European Innovation Day (EID) at the Computer History Museum in Mountain View.

“SEC2SV – commented Isidro Laso, Head of Startup Europe at the European Commission is the flagship initiative of the European Commission to build bridges among innovation ecosystems in EU and US. We look at this initiative as a super connector that we be mutually beneficial in  reaching out to new markets for the startups and in generating diverse deal flows for investors in both regions”.

Among the selected scaleups, 3 scaleups have been invited with the support of EIT Digital, the European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation. 4 additional startups, selected by Impact Accelerator, led by ISDI & FundingBox, will also join the 2018 EID showcase.

“This year’s cohort shows very well how much the European startup landscape has changed in just 4 years – Marco Marinucci, CEO Mind the Bridge commented- Compared to last editions, we can see promising businesses coming from new emerging Eastern Europe economies like Hungary, Albania and Poland in addition to the ‘traditional’ ones like France, Germany and Belgium. As suggested in our latest report on Tech Scaleup Europe, we are really looking at an improved scenario, with a stronger and more connected Europe committed to building its own identity, players, roles, regulation and hubs. The European Commission keeps playing its key role to strengthen the Innovation Economy of Europe  and our data confirm this trend: the Scaleup Europe ecosystem last year registered a +28% growth in scaleup population and a +36% growth in capital raised compared to the prior year. These numbers translate to more than 1,200 new scaleups born in Europe and $22B in new capital invested in 2017”.

 

To date SEC2SV has hosted more than 2000 participants, 50+ scaleups and 100+ keynote speakers, such as Elżbieta Bieńkowska, EU commissioner for Internal Market, Industry, Entrepreneurship and SME’s; Julie Hanna, US Presidential Ambassador for Global Entrepreneurship; Věra Jourová, Commissioner for Justice, Consumers and Gender Equality; Betsy Masiello, Head of Public Policy, Uber; Oona King, Diversity Director, YouTube; Henry Chesbrough, the Father of Open Innovation and many others.

The 2018 edition of EID will focus on some of the most relevant topics of the past year in tech:

  • GDPR: Privacy and Data Storage/Transfer
  • ICO’s (Initial Coin Offerings) and CryptoCurrencies Regulations
  • European Economy of Innovation in Silicon Valley
  • Sustainability and Local Government
  • Startup M&A’s

Among the confirmed speakers for this year are: Vivek Wadhwa, author and opinion leader,  Tim Draper, Partner, Draper Associates, 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, Sorin Moisa, MEP, European Parliament, Adam Sterling, Executive Director of the Berkeley Center for Law and Business, Sabrina Ross, international privacy and security expert, with more to be announced at a later date.

For the full list of invited companies for SEC2SV 2018, see below.

 

INVITED COMPANIES

 

Agorize – France – 2011 – SaaS
Agorize is an open innovation platform that connects people looking to scout for technology solutions for hackathons or innovation challenges. The platform is open to a wide audience such as students, new graduates, data scientists, programmers, startups and corporate employees.
agorize.com/en

Clairy – Italy – 2016 – Cleantech
Clairy is the most unique natural and smart Air Purifier on the market: it uses common plants to beat indoor pollution. Clairy supercharges the natural power of plants – phytoremediation- to purify the air indoors in a non intrusive and sustainable way. Clairy is also an object of design, and it features a technological core with advanced sensors and it lets users monitor the air quality directly via a dedicated mobile app.
clairy.com

Cleverciti – Germany – 2012 – Smart Cities | EIT Digital Portfolio
Cleverciti Systems turns the daily nightmare of searching for a parking space into a predictable, stress-free experience by using disruptive technology and big data. They have developed a new cost-effective and smart on-street parking system that uses sensor and wayfinding technology mounted to lampposts. This results in less congestion on  city streets and reduced carbon emissions and other pollutants in city centers.
Other verticals are shopping malls, airport and corporates with large parking areas, seeking to offer better service to their customers.
cleverciti.com

Codecool – Hungary – 2014 – Cybersecurity
Codecool has created a 12-month course designed to teach users mainstream programming languages and skills, allowing non-technical professionals to transition into developer roles in just a year. Codecool also serves employers by providing a marketplace for companies to search for and contact developers who have gone through the Codecool sessions.
codecool.com

Fudo Security – Poland – 2012 – Cybersecurity
Fudo Security is a leading security vendor specializing in Privileged Account Management. With offices in the US and Europe and over 100 partners in 35 countries, it’s one of the most innovative and fastest growing security vendors in the world. Several hundred customers mostly from finance/insurance, telco, energy, oil&gas and the public sector are already using Fudo Security’ products.
wheelsystems.com
| fudosecurity.com

Gjirafa – Albania – 2013 – Internet
Gjirafa, Inc., is the fastest growing Internet Services company in the Balkans. Gjirafa is an OTT media services and an e-commerce platform for the Balkans built on top of an Albanian language specialized search engine.
gjirafa.com
 

OptioPay – Germany – 2014 – Fintech | EIT Digital Portfolio
OptioPay processes payments from companies to customers, employees or partners. Recipients can combine bank transfers with higher-value gift cards to increase the actual value of their payment. Between bank transfers, e-wallets and higher value gift cards, OptioPay offers complete flexibility and adds value at both ends by offering diverse payout options. It is a Win-Win-Win situation for advertisers, issuers and recipients.
optiopay.com

Movinga – Germany – 2015 – Mobility
Movinga is a vertically integrated logistics tech company for customers and medium-sized moving companies. As a professional full service provider Movinga offers logistically optimised moves for private individuals and companies, goods transports and courier services. Pricing is done on a case by case basis and is nearly always lower than competitors.
movinga.de

Muving – Spain – 2017 – Mobility
Muving is transforming urban mobility with an electric scooter sharing platform offering eco-friendly and cost effective alternatives to urban commuting.  Available to customers via the Muving app, scooters are located and reserved and highlight the positive environmental impact of each ride.  Pricing is based on per minute rates. Muving is the leading platform in Europe currently in 12 cities including Madrid, Sevilla, Barcelona, Granada, Cadiz and more. The scooters are dockless and completely electric, serving as a green and flexible mobility option for urban areas.
muvingusa.com

Partnering Robotics – France – 2007 – Robotics
Partnering Robotics has produced the DIYA One robot, designed to monitor and maintain indoor atmospheres and encourage worker wellbeing. The robot is equipped with a variety of sensors that generate actionable environmental data on indoor pollution.
partnering-robotics.com

Piwik PRO – Poland – 2013 – Big data / Martech | EIT Digital Portfolio
Piwik PRO has developed a marketing suite package that allows customers to deliver optimized marketing campaigns and manage a database in the most sensitive and secure environments. They have taken the challenge of user privacy and data stewardship and built a full stack solution for marketing that complies with all regulation and privacy concerns.
https://piwik.pro/
 

Smarp – Finland – 2011 – Big data / Martech
Smarp is a SaaS solution companies can use to empower their employees to discover and share content created by the company such as blogs, events, and job listings, to their social media networks. Employees can measure the impact their content has on their network and improve their thought leadership and influence, while employers benefit from greater visibility and evangelism through their employees.
smarp.com

Uberall – Germany – 2012 – Martech
Uberall brings together local businesses and customers by ensuring companies are found across all popular directories, mobile apps, maps, and GPS devices with consistent profiles such as photos, descriptions and other data points. They also facilitate better communication with customers through real-time notifications of reviews or messages on the various platforms.
uberall.com

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MY-GATEWAY AWARDS 10 STARTUPS WITH WEB SUMMIT TICKETS

July 24, 2018 – MY-GATEWAY holds an open application to give away free Web Summit tickets to ten startups based in or focused on Central Eastern European countries until July 27th.

MY-GATEWAY is searching for the 10 most innovative and disruptive startups to join the MY-GATEWAY delegation at this year’s Web Summit in Lisbon, Portugal from November 5th to the 8th. A committee comprised of leading startup support organisations from Romania, Slovenia and Czech Republic will select the 10 startups through specific criteria.Some of the criteria include:having a developed idea, a financial plan and being based in or having a strong interest to work in the CEE region.

Would you like to apply? Click here.

As the largest tech conference in the world, with over 70,000 attendees, 1,200 speakers and 170 countries represented, Web Summit is the perfect event to gain exposure. The affair will consist of 3 full days of keynotes, workshops, and networking opportunities. In attendance will be a vast investor ecosystem,as well as over 2,500 international media outlets.

Krisztina Tóth, Director of MY-GATEWAY, explains, “We´re trying to create connections for these startups with other major ecosystems from within and outside of Europe by introducing them to investors, accelerators and mentors. This is one of the most important parts of MY-GATEWAY…. to create connections and provide access to networks that these stakeholders have in Romania, Slovenia, and Czech Republic.”

MY-GATEWAY is an initiative created by a team of experts who are passionate about improving the startup industry in Europe, specifically in the CEE region. With the aid of Startup Europe, MY-GATEWAY is helping startups gain insight into growth opportunities, access a vast stakeholder database and be represented at major startup related events. Additionally, this project will contribute to the expansion of Startup Europe to the Balkan region as well. This will be done through collaboration with leading startup support organisations in Serbia, Macedonia and Bosnia by analyzing how to adapt to the needs of the Balkan ecosystems.

“The driving force behind MY-GATEWAY is to make them connected, to let them learn from each other and to come up with meaningful activities that will help them support their startups”, says Tóth.

 

MY-GATEWAY is an initiative of Startup Europe that aims to strengthen the capacities of high-tech start-ups and innovative SMEs in the CEE region to become better connected, gain higher market exposure, and have improved, streamlined access to funding opportunities and talents. For more information visit us at http://mygatewayproject.eu/ .

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Vilnius Blockchain Week: Startup Lighthouse & Soft-Landing gather blockchain startups and ecosystem builders in Lithuania

Vilnius Blockchain Week is over – what a blast! Two Startup Europe projects brought it to life: Soft-Landing and Startup Lighthouse!

The initiative brought around 40 participants to deep-dive into the city’s startup ecosystem with the main focus on understanding what part blockchain plays in it and build connections with blockchain leaders in Lithuania. (more…)

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MY-GATEWAY at the Startup Europe Campfire and Bootcamp in Paris!

Paris, 19-20 March.

All Startup Europe partners gathered in Paris to be officially presented as Startup Europe Ambassadors and to start planning future synergies!

On Monday 19th March, Krisztina Toth presented the reason d’être of MY-GATEWAY at the Startup Europe Campfire taking place at the Ile de France in Paris.

Krisztina Toth at the Startup Europe campfire
Startup Europe Campfire

The Campfire brought together over 200 main players from European startup ecosystems and it was the perfect opportunity to learn more about all the initiatives and projects which originated from Startup Europe over the years. It was the first of a series of events piloted by the Startup Europe initiative of the European Commission DG CONNECT in order to highlight existing and future opportunities led by the 10 running programs and initiatives and foster networking amongst community partners and stakeholders such as incubators, venture capital organizations, accelerators and many others who also attended the event. The main purposes of this event were to promote Europe as a startup continent and to strengthen the links between pan-European initiatives and local and national ones.

One of the highlights of the day was the official announcement of the Startup Europe Ambassadors at midday, in which all MY-GATEWAY partners simultaneously published a press release declaring their involvement in the democratization of the startup phenomenon.

Startup Europe Ambassadors

MY GATEWAY Ambassador

The following day, 20th March, had a completely different layout: first of all, it was a private event which was only directed to the 10 project partners and it took place at the Le Cargo, a startup incubator and accelerator located in northern Paris. Four workshops focused on Communication, International market access, Deep Tech and Ecosystem building took over the whole morning with the aim of producing a roadmap of activities to be organized over the following two years.

 

Communication Workshop

 

Workshop results

 

One of the main conclusions was the importance that needs to be given to cross-project communication. By communicating effectively a common Startup Europe identity, identifying and producing targeted information for startups and even co-attending important entrepreneurial events can really help Startup Europe continuing making a difference and keep building a startup continent.

 

About 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.

 

About Startup Europe

Startup Europe is an initiative of the European Commission which falls under its priority of the “Digital Single Market”. Startup Europe’s goal is to democratise the startup phenomenon so that every citizen has a fair chance to become a successful entrepreneur wherever they are located in Europe. In addition, Startup Europe helps startups in their growth phase to scale-up across Europe and internationalise worldwide. Startup Europe’s first priority is to develop high quality ecosystems based on talent and high level of connectedness among the players of the ecosystems at EU level.

Startup Europe has mobilised the tech entrepreneurship ecosystem and helped them to have their voice heard at EU institutions. It has helped to gain a better understanding of this environment and has raised political awareness on the subject.  Within the Horizon 2020 framework, 2018-2020 timeframe, 7 projects are working together in terms of financing, skills, entrepreneurial events and growth advice. Startup Europe’s programmes focus on helping startup communities, increase collaborations between startup ecosystems, encouraging entrepreneurship, startup creation and scaling business.

 

 

 

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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.

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

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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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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.

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The debut of ‘Startup Europe China Network’ at Startup Ole

The third edition of Startup Olé on 26-27 April of this year was a major success. More than 400 startups, 200 international speakers, as well as a variety of corporates, investors, accelerators, universities and media from across Europe came together for two days in Salamanca to exchange ideas and brainstorm on entrepreneurship. Startup Olé was created in 2015 to provide a unique networking and pitching opportunity for the key players and their projects in the European tech startup ecosystem.

Oneof the main new initiatives presented this year was‘Startup Europe China Network’, which will link the European startup community with one of the EU key strategic partners: China. The initiative was discussed by enthusiast participants to Startup Olé during a dedicated workshop organised by the Brussels-based digital business association ChinaEU on 26th April.

More than 20 startups, investors, corporates, incubators and accelerators from all over Europe intervened in the workshop, which was moderated by Isidro Laso, Head of Startup Europe at DG Connect of the European Commission.

In the lively discussion, consensus wasreached that building partnerships with China is a highly-needed exercise, since China can offer a great deal of opportunities for European startups to scale-up their businesses. This is not only on the ground of a highly dynamic market with many active investors, corporates, angel ventures, but also given the fact that China is becoming a world leader in innovation that can offer European companies inspiring models to learn from and upgrade themselves. However, such partnership requires special considerations, in order to avoid one-way acquisitions of startups by Chinese partners.

The importance of establishing a balanced two-way relationship was also the message of ChinaEU Director Claudia Vernotti in the preceding panel discussion ‘Partnering with Europe: Beyond the EU’, which provided an exchange of experiences among different international partnerships activated between Europe and the Silicon ValleyIndia, Africa, Lebanon and Eastern Europe. ‘Startup Europe China Network’ will make use of the good practices developed under these partnerships.

Thanks to the precious support of over a dozen European players who wish to drive together this new China adventure, I have no doubts that ‘Startup Europe China Network’ can make an impactful contribution in supporting European startups to scale up everywhere in the world” said Claudia.

‘Startup Europe China Network’ will be an open platform to create long-lasting connections between European and Chinese entrepreneurs, corporates and investors, with the aim of creating a channel for innovation exchange, investment and high-tech cooperation between Europe and China.

‘Startup Europe China Network’ is now seeking to consolidate its community by getting further stakeholders to join the enthusiast initiators. To enquire about the network, please do not hesitate to contact claudia.vernotti@chinaeu.eu.

Do not miss out on the opportunity to connect with the ever-growing dynamic Chinese innovation ecosystem!

 

 

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