Your SlideShare is downloading. ×
Startup Europe Parternship - Digital Venice Conference
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Startup Europe Parternship - Digital Venice Conference

448
views

Published on

This presentation was delivered at the Startup Europe Partnership workshop at the Digital Venice conference on 8 July 2014. Its aim was to provide some background data on the startup ecosystem to help …

This presentation was delivered at the Startup Europe Partnership workshop at the Digital Venice conference on 8 July 2014. Its aim was to provide some background data on the startup ecosystem to help set the scene for the discussion, however we know that no startup data is perfect… yet.

Published in: Economy & Finance, Business

0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
448
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
7
Comments
0
Likes
2
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Jessica Stacey, Nesta Digital Venice, 08 July 2014 The European Startup Ecosystem A quick look at the stats
  • 2. Contents 1. The big picture 2. Show me the money 3. Nurturing, networks and support 4. The wider ecosystem
  • 3. 1. The big picture What we know about digital startups
  • 4. High growth firms matter Source: Vital Growth (NESTA, 2011), based on the ONS Business Structure Database 2002-05 2005-08 2007-10 Firms New jobs Job creation by existing UK businesses Firms New jobs Firms New jobs
  • 5. New enterprise creations Source: OECD, Entrepreneurship at a Glance, 2013 50 60 70 80 90 100 110 120 130 140 Norway Netherlands Russian Federation Spain Sweden United Kingdom United States 50 60 70 80 90 100 110 120 130 140 Australia Belgium Denmark Finland Germany Italy 90 110 130 150 170 190 France UK Sweden Norway US Russian Federation Spain Australia Belgium Denmark Italy Germany Finland
  • 6. Innovation in digital tech is reaching a tipping point Digital technologies accounted for more than 21% of GDP growth in the world’s most advanced economies in the past five years.1 Europe’s digital economy is expected to grow seven times faster than overall EU GDP in coming years. 2 The Boston Consulting Group estimates that the digital economy will contribute a total of $4.2 trillion to the G20’s total GDP by 2016, which means that if the Internet were a national economy, it would rank in the world’s top five, behind only the US, China, Japan and India – and ahead of Germany. 1 Matthieu Pélissié du Rausas et al., Internet Matters: The Net’s Sweeping Impact on Growth, Jobs, and Prosperity (San Francisco, McKinsey Global Institute, 2011). 2 European Commission, Copyright: Commission Urges Industry to Deliver Innovative Solutions for Greater Access to Online Content, IP/12/1394 (Brussels: European Commission, 2012).
  • 7. European ICT Poles of Excellence Source: European Commission JRC-IPTS
  • 8. 2. Show me the money The funding environment in Europe
  • 9. The three main areas of early stage investment in Europe Source: EBAN: Statistics Compendium 2014
  • 10. European VC investment continues to lag the US as a share of GDP 0 0.002 0.004 0.006 0.008 0.01 0.012 0.014 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 VC investment as a share of GDP UK US CE
  • 11. Crowdfunding - it’s big business... $2.7 Billion $945 Million ...and it is taking off in the Europe Raised in Europe through crowdfunding in 2012 Raised globally through crowdfunding in 2012 Source: Massolution 2012 figures
  • 12. $2.7bn in 2012, predicted to have almost doubled in 2013 Source: Massolution
  • 13. 3. Nurturing, networks & support The rise of incubation for early stage ventures
  • 14. Growth of accelerator programmes 14 • 53 programmes in Europe • 703 companies accelerated • 2034 jobs created Source: www.seed-db.com, March 2014 www.startupfactories.eu
  • 15. Accelerator and Incubator Ecosystem in Europe, 2012, Telefonica
  • 16. 4. The wider ecosystem The impact of big corporates, universities and public policy
  • 17. 17 More corporate accelerators
  • 18. More corporates involved in VC
  • 19. Entrepreneurship & innovation in Universities Source: Graham (2014), Creating University Based Entrepreneurial Ecosystems, MIT Skoltech Initiative
  • 20. Public policy Procurement Investment incentives Digital single market Education
  • 21. • Atlantic Drift, 2011, Nesta, http://bit.ly/1r4Wh18 • Crowdfunding Industry Report, 2012, Massolution, http://bit.ly/1maVnj5 • European Commission, Copyright: Commission Urges Industry to Deliver Innovative Solutions for Greater Access to Online Content, IP/12/1394 (Brussels: European Commission, 2012). • European Digital Forum, http://www.europeandigitalforum.eu • Graham, R., Creating University Based Entrepreneurial Ecosystems, (MIT Skoltech Initiative , 2014). • Mapping the European ICT Poles of Excellence, 2014, European Commission JRC-IPTS, http://bit.ly/Rlw0yZ • Matthieu Pélissié du Rausas et al., Internet Matters: The Net’s Sweeping Impact on Growth, Jobs, and Prosperity (San Francisco, McKinsey Global Institute, 2011). • OECD Entrepreneurship at a Glance, 2014, http://bit.ly/1tia9sS • Startup Europe Partnship, http://startupeuropepartnership.eu • Startup Factories, Nesta, http://www.startupfactories.eu • Startup Manifesto, http://startupmanifesto.eu • Statistics compendium 2014, EBAN, http://bit.ly/U0aCQt • The Accelerator and Incubator Ecosystem in Europe, 2013, Telefonica, http://bit.ly/1rKXHAr • The European Seed Accelerator Ecosystem, 2014, Jed Christiansen, http://bit.ly/1qQAwV2 • The Rise of Corporations in Tech Venture Capital Investment, 2013, CB Insights, http://bit.ly/1qFViFf • Unchaining Investment, 2013 Nesta, http://bit.ly/1lPO6A6 • Vital Growth, 2011, Nesta, http://bit.ly/1pWcx7j References
  • 22. jessica.stacey@nesta.org.uk @JessStacey www.nesta.org.uk