Workshop: “Startup Europe!”

Startup Europe! We have lot to celebrate!

Isidro Laso Ballesteros Startup Europe Team Leader Head of Sector. European Commission. @isidrolaso Follow us on: @startupEU www.facebook.com/groups/startupeurope

EU web startups ecosystem evidences

UNICORNS IN EUROPE

EU web startups ecosystem evidences

•  Unicorns in EUROPE •  GP Bullhound research

(boutique investment bank): Europe creates 30 $1bn-plus tech firms since 2000

•  - in the comparison with the US, which produced 39 billion-dollar companies between 2003 and 2013.

•  Only half of European unicorns have reached a sale or an IPO, compared with two-thirds in America, which the researchers say points to a more challenging environment for technology investment.

EU web startups ecosystem evidences

Example of successful EU startups ecosystem

The app economy and leading EU companies

The app economy and leading EU companies •  28 EU leading companies created 40% of the top 100 grossing apps in the EU and US. Three of the top-five companies

are Nordic games developers (1st King.com, 2nd, Supercell, 5th Rovio) with German, French, Spanish and UK app developers also finding success outside their native markets.

•  The app boom is creating jobs, for example contract developers Golden Gekko (London/Barcelona) plans to grow its staff 40-50% next year and London-based Grapple Mobile was a 3-person firm three years ago, employs 120 now, and intends to double next year.

•  It is well known that 1 tech job creates 4 non-tech jobs.

•  Rovio has a staff of 500 people while having 30,000 workers working in the network of companies collaborating to this creative, gaming and entertainment European company in the different products.

EXITS. LIQUIDITY

EVENT

START <300K

GROW ~2-3 Mio,

up to 30 Mio

SCALE UP >30 Mio

Virtuous circle for a flourish EU

ecosystem: scale up and exits are

needed.

FIFTY (TechCity)

USA ELITE (IT+UK)

CORIP (EIF)

Startup Europe

Partnership

IPO

ACQUISITION +

ACQUIHIRING

PROCUREMENT + INVESTMENT

Startup Europe

Partnership

Problematic steps in EU

Areas where action is needed! MARKT 2.0

de

Startup Europe initiative of the European Commission!

12 things that make an ecosystem works. Where Startup Europe initiative acts.

Startup Europe: A whole list of actions!

ICT 13 – 2014: Web entrepreneurship

•  €10M funding will be allocated to projects to accelerate web entrepreneurship in Europe

•  The challenge is to create an environment in Europe that encourages more web entrepreneurs to start a business in Europe and grow internationally.

•  Deadline for applying: 23/04/2014 at 17:00pm (CET)

•  € 1 0 M f o r E C O S Y S T E M BUILDERS.

•  Up to €850M for startups in 2014.

•  See www.startupeurope.eu

EU Funding opportunities

www.startupmanifesto.eu    

A manifesto for entrepreneurship and innovation to power growth in EU

Dynamic visual mapping This map will provide unrivalled insight into some of the key web entrepreneurial/

startup hubs across Europe, the businesses

that are located in them and the

networks and relationships between them.

8 hubs are foreseen

for the first version of the map (Q4 2014)

www.startupdata.eu

Accelerators in Europe

Accelerator Assembly is an industry-led network that connects accelerators, entrepreneurs and policy makers, in order to strengthen the support offered to web startups across Europe. Outcomes of the first Accelerator Assembly Conference held in Madrid in March 2014:

Accelerator Assembly

www.acceleratorassembly.eu

for   the   first   4me,   the   EIF   has   extended  its  reach  to  well-­‐structured  accelerators.  

26  accelerators  &

34  startup  facilitators

16  investment    &    

private  companies   1 8  countries

Fostering the boost of the ecosystem and promoting a European

investment culture in the web Creating future Global leaders

www.webinvestorsforum.eu

Web Investors Forum

Web Investors Forum: main conclusions

1.  The European exit market is the most critical issue

2.  The financing value chain is unbalanced f rom a loca l and pan-european perspective

3.  There is not sufficient cross-fertilization between top European tech hubs

4.  Tax & legal environment needs to be imp roved ( adap t ed ) i n c e r t a i n geographies

5.  European corporates are still facing the NIH syndrome

Official  Launch  in  Brussels,  22  May  2014    with  the  a>endance  of  President  Barroso  

 and  Vice  President  Kroes  

Two new initiatives announced at World Economic Forum

www.startupeuropepartnership.eu www.europeandigitalforum.eu

The SEP aims at offering an integrated pan-European platform to help the best startups emerge from these local ecosystems and scale-up. It connects top European startups to large corporates. This means: procurement (corporates buy products and services from startups), strategic investments and eventually acquisition/acqui-hires.

The EDF is a first-of-its kind think tank dedicated to empowering tech entrepreneurs and growing Europe’s digital economy. It gives a voice in public policy to the continent’s most enterprising and innovative entrepreneurs. The European Digital Forum aspires to become Europe’s leading think tank and policy network o n d i g i t a l e c o n o m y a n d d i g i t a l entrepreneurship issues.

Crowdfunding network for web entrepreneurs

The Startup Europe Crowdfunding Network strengthens the links and networking between existing European crowdfunding platforms, as well as fostering the creation of new, web focused platforms.

www.crowdfundingnetwork.eu

Network of universities in EU interested in developing MOOCs for web talent

The network connects MOOC providers in order to foster the talent of ICT and web entrepreneurs, and create new jobs that benefit both the EU economy and society as a whole.

Key  findings  of  a    recent  study:  

knew  what  a  MOOC  is

claimed  to  have  taken  

one

web  design web  skill  highest  

in  demand  among  students

One  difficulty  of  the  current  IT  labour  market  is  acquiring  

employees  with  domain-­‐specific  skills  :  iOS,  Android,  HTML5

Tech All Stars competition

The third edition of the

competition for early stage startups (< 3 years old & <$1m in external funding)

through which we take the best 12 young startups to

the most prestigious startup events in Europe.

www.techallstars.eu

Winner announced at the Founders Forum in London

Previous winners and achievements

2012 2013 2014

•  Has  raised  over  €1m  funding  aWer  winning  TAS  12.

•  Has  raised  one  of  Europe's  largest  ever  seed  investment  rounds  of  $3m  aWer  winning  TAS  13.

•  Has  grown  from  4  to  22  employees.   •  Dec  '13  was  named  one  of  Forbes  Magazine's  

Ho\est  Global  Startups. •  April    '14,  Trustev  took  top  prize  at  SXSW.

•  Offers  a  cloud-­‐-­‐based  soWware  designed  to  minimise  returns  and  increase  profits  for  online  and  mul4channel  retailers.  

Europioneers competition

The event is the most important ceremony for any tech startup from Europe.

It features 4 awards: •  European Tech Entrepreneur of the

year •  Young European Entrepreneur of the

year •  Female web entrepreneur of the year •  High Growth web entrepreneur of

the year www.europioneers.eu

Previous winners

2013

John Reynolds Alexander Ljung

& Eric Wahlforss

Media campaign

DG Connect is organizing a 6 months media campaign covering 6 Member

States (Spain, Greece, Italy, Portugal, Cyprus and Slovakia) with high unemployment rate to raise more awareness about the startup culture.

Goals:

• Attracting young unemployed people to ICT/web careers: • Promoting entrepreneurship • Delivering the EC commitment to help create jobs • Leveraging DG CONNECT actions on digital skills and jobs