WORLD’S LEADING STARTUP EVENT.
During what is – let’s be honest – the sh*ttiest weather season of the year, Slush brings together the leading actors of the global tech scene to Helsinki for something very special. Described by many as “Burning Man meets TED”, the event has grown in just a few short years to 20,000 attendees and 1 million live stream viewers.
In 2017, over 2,600 startups, 1,500 venture capitalists, and 600 journalists from over 130 countries gathered to Slush to drive business, and to experience the phenomenal atmosphere.
NOT THE CALIFORNIAN SUN, BUT HONEST SLUSH.
Slush has grown from a 300 person assembly to a world-renowned event, now spreading globally. The philosophy behind Slush has remained the same: to help the next generation of great, world-conquering companies forward.
Held during the darkest time of the year in Helsinki, Finland, Slush has always been characterized by a unique energy and enthusiasm. The very core of Slush is to facilitate founder and investor meetings and to build a world-wide startup community.
Slush is a student-driven, non-profit movement originally founded to change attitudes toward entrepreneurship. In 2016, Slush was organized in Tokyo, Shanghai and Singapore.
Think of Slush as a collision of a festival and a conference. It’s not a business, but a community of people who love what they do.
Slush is run by the youth who want to make a difference in their societies. Several successful entrepreneurs such as Niklas Zennström (Skype & Atomico), Taizo Son (GungHo), Ilkka Paananen (Supercell), and Risto Siilasmaa (Nokia) among others, have already become a part of the non-profit initiative that is radically changing how entrepreneurship is perceived in Northern Europe, Japan, and China.
Bits and Pretzels
THE FOUNDERS FESTIVAL
3 DAYS OF VISION, LEARNING AND NETWORKING
SPEAKERS AT BITS & PRETZELS 2017
OH CAPTAIN MY TABLE CAPTAIN
YOU’RE IN GOOD HANDS
Tech Open Air 2018
What is TOA?
Connect and learn with top-tier entrepreneurs, artists, and scientists at a beautiful location. Experience inspirational storytelling, interactive panels, knowshops, pillowtalks, art installations, live music, and so much more…
from tech’s brightest thinkers mashed-up with art, science, music, and, of course,
the uninhibited TOA atmosphere — it’s all in TOA.life.
Smart Agri Food Presentation at the EU Parliament
The European Foundation for Innovation and Technological Development (INTEC Foundation) is preparing a major global event for the promotion of entrepreneurship and digital innovation in the field of technologies for the Agrifood value chain. The value of this sector is about 3.801 billion USD. This activity is supporting the EU Startup Europe initiative in the DG Connect of the European Commission.
This is the event that we have called “Startup Europe SmartAgri Food Summit” which will bring together some 5,000 people from the emerging sector of startups linked to the AgroTech and FoodTech sectors (Industry, Service Companies, Farmers and Technological Entrepreneurs, Restaurateurs, etc.).
Survey: Exits by Finnish BA’s are profitable, but the risks are high
A new study on the profitability of angel investing, made by the Finnish Business Angel Network (FiBAN) together with Ruben Moring (Åbo Akademi University), is the first broad study on the national angel activity in Finland. This is the largest study made about the angel exits in the Nordics.
By Claes Mikko Nilsen
For professional angel investors, the role of exits is vital and maintains interest towards startup investing. The study covered 126 business angel exits measuring the Internal Rate of Return (IRR) that observes the profitability of the whole investment lifecycle. The key results of the study show that the pooled IRR is 25% and overall realization multiple is 3.75. This shows that the IRR of the exits of professional business angels in Finland is excellent and in line with international studies. However, more than a half (54%) of the exits that were reported during the survey were unprofitable. Also these results are in line with the general risk level of the business angels.
The survey included only one IPO and no unicorn exits. Therefore, the results show that also smaller exits can be quite successful. The average holding period in Finland was 5,5 years, which is longer compared to the international level. Finnish business angels have also been very active with their portfolio companies; on average they have used 28 hours in a month for a company.
“This survey is an excellent initiative to raise understanding on the profitability on angel investing, and compare the activity internationally. By these means, the results seem excellent. Even if an entrepreneur is not expected to actively think of the exit possibilities, for many investors this is a matter that needs to be planned.” comments Torsti Tenhunen, Chairman of FiBAN, in a press release.
Investors with exits behind them bring positive returns
Even though the returns have been excellent it’s important to notice the high risk of angel investing. Investors’ experience and activity in the startup scene avails the probability of making positive exits.
“It’s been interesting to compare the results of the survey to my own exits. I can see that gaining more experience in angel investing, and having wider network covering the startup ecosystem really supports my possibilities towards positive exits. In my experience, many investors that have made exits will do new startup investments.” says Riku Asikainen, Vice Chairman of European Business Angels Network (EBAN).
FiBAN will continue making and developing IRR survey also in the future, aiming to make Finland one of the leading countries comparing startup data to business angel activities.
Social Media Week 2018
In 2018, we will explore our global theme “Closer”, which touches on the intensifying conflict between community and individualism.
At SMW London we will explore the theme through more than 50 sessions, including: mainstage talks, interviews, panel sessions and workshops.
With its new home at the QEII Conference Centre, the event will feature two stages, co-working lounges, speaker AMA lounge, VR showcase, technology vendors, complimentary coffee, snacks and lunch options.
ACCESS LATEST TRENDS IN:
- Data & analytics
- Paid media
- Future of video
- Visual storytelling
- Mobile messaging
- Virtual reality
- AI & chatbots
- Influencer marketing
MEET INSPIRING BRANDS:
- National Geographic
ENJOY A BEAUTIFUL VENUE:
- Two state of the art stages
- Seating for 700+ attendees
- Co-working lounges
- Talks, panels & workshops
- Fireside interviews
- VR showcase
- Installations & tech vendors
Open Banking Is Here.
The use of APIs will accelerate the digital transformation of the financial landscape already sparked by the emergence of financial technology (or FinTech) companies.
Open Banking is just around the corner for European countries, with banks having to open up their data through application programming interfaces (APIs) by January 13 2018.
With public APIs, customers will have more options to interact with their bank. In this scenario, the bank will serve as a platform, on top of which third-party companies (such as startups) can build their own applications using the bank’s data to engage with customers.
Instead of doing all of their banking through one or two firms, customers will most likely have their current account with one provider and then aggregate financial services through other providers, all under the user interface of their choosing.
The Portuguese one-stop for all main banks data
In Portugal there’s an even more straightforward approach that will allow startups to access all main Portuguese banks data in a single platform instead of going to each bank API and adjust their solution in a case-by-case scenario.
Here, SIBS, the country main Fintech innovator, is already working together with the main banks to create an open API standard. This will mean for startups a one-stop access to the main Portuguese banks costumer data.
Startups will be able to build new products and services by accessing and integrating customer’s banking data – with their permission – into their applications.
But, more than this, startups can also have access to further support from SIBS in moving forward their solutions, including the co-development of new solutions, through the new edition of SIBSPAYFORWARD acceleration program, which as applications open until December 15.
Open door to deliver the Fintech Promise
For Fintech startups this changes mean an opportunity to fulfill their promise, the promise of groundbreaking technologies that will transform completely the financial landscape and the way consumers interact with financial products, by generating solutions that consumers will want to use in a widespread way.
Europe’s Top 50 start-ups revealed in Brussels!
The ‘Hemicycle Startup Convention’ will gather more than 800 young entrepreneurs, investors, corporate representatives and policy makers. The EU Top 50 will present and showcase their ventures in areas such as security, education, transportation, deep technology, energy transition, space exploration, food and agriculture, health care & life sciences, climate change and environment, materials and new production technology, bio-, nano- and neurotech, and digital technologies.
To be part of the EU Top 50 ‘Hemicycle Start-up Convention’ please register by the 17th of November, here:
What is Web Summit?
Web Summit started as a simple idea in 2010: Let’s connect the technology community with all industries, both old and new. It seemed to resonate. Web Summit has grown to become the “largest technology conference in the world”.
No conference has ever grown so large so fast. But we also pride ourselves in organising the “best technology conference on the planet”.
For more info click here:
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.