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ICT32 open call under the H2020 programme.

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10M€ funding to connect ecosystems in the EU. Presentation by Isidro Laso, Startups and Innovation Unit.

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ICT32 open call under the H2020 programme.

  1. 1. 10 Mio funding to connect ecosystems. H2020 - ICT -32 13/11/2015 www.startupeuropeclub.eu 1 Startup Europe After 2 Years 2 February 2017 Isidro Laso Ballesteros. DG CONNECT. European Commission Disclaimer: these slides reflect the opinion of the author and do not necessarily represent
  2. 2. H2020 ICT 32 Startup Europe • The data: • 10€ Mio funding (80% funding rate, 100% for non for profit) • Deadline: 25 April • ~1.5 Mio per project • Connecting people from 3-4 local ecosystems • Focus on growth phase (scale up) startups, not early stage • Special attention in "mission-driven targeted networking" of startups with: • Corporates • Stock exchange markets • Public procurers (3 trillions of untapped resources) • Pension funds9/11/2015 www.startupeuropeclub.eu 2
  3. 3. Startups 715 startups are part of the Startup Europe portfolio* Stage 81 Pre Series A 21 Series A 9 Series B 4 Series C Category Mobile apps Internet of things e-commerce Advertising Education SAAS Analytics FinTech Healthcare Age 5 years average Jobs created 3465 Capital raised $198.637.000 *Data from public sources, Mattermark Geography Spain 183 Portugal 90 Italy 67 Germany 65 UK 41 France 39 Ireland 39 Sweden 35 Poland 34 Lithuania 26 Netherlands 16 What our projects have achieved so far in hard figures.
  4. 4. Startups $198.637.000 capital raised by 36 out of 636 portfolio startups since May 2015 Twist (1/83) bulsara.it 350.000 Welcome (9/112) Box at Work 6.100.000 Thingthing Keyboard 400.000 Ohlala 1.700.000 Qualio 125.000 Mangatar 1.200.000 Meritocracy 550.000 Room.me 1.100.000 Kopjra 168.000 Wayook 725.000 StartupEuropePartnership (19/113) Contentful 3.000.000 Muzzley 585.000 SumUP 33.000.000 Nfon 4.000.000 Tresorit 4.700.000 Tok tv 820.000 CrowdProcess 150.000 Widzee 760.000 bboxx.co.uk 4.900.000 BimaMobile 22.000.000 JobAndTalent 43.400.000 Miradore 1.200.000 Mosaicoon 3.200.000 BioBeats 650.000 CyberLightning 4.200.000 NordicTelecom 1.300.000 Wellmo 1.150.000 Heliatek 49.500.000 ngentec 200.000 *Data from public sources, Mattermark Digistart (2 out of 94 startups) cryptopay.me 65.000 Incentive 6.500.000 ePlus (1/100) Vilynx 1.900.000 Startup Scaleup(4/134) Wicastr 845.000 n-avionics.com 228.000 zeto.ie 30.000 Braingaze 336.000 What our projects have achieved so far in hard figures.
  5. 5. 9/11/2015 www.startupeuropeclub.eu 5
  6. 6. You want to participate in the call? • Join the mobilize.io group: startupeurope.mobilize.io • Express your interest to participate at the proposals • Say clearly which added value you can bring to the consortium • Analyse what we have done so far by visiting the ONE STOP SHOP for startups: startupeuropeclub.eu 9/11/2015 www.startupeuropeclub.eu 6
  7. 7. Connecting people and ideas. The key to build ecosystems! 13/11/2015 www.startupeuropeclub.eu 7
  8. 8. 13/11/2015 www.startupeuropeclub.eu 8
  9. 9. Formula for successful ecosystems • Factors for success of startups = (market * density of the ecosystem) / costs 9/11/2015 www.startupeuropeclub.eu 9 It is the Ecosystem!
  10. 10. It is not about legislation. Case study: USA states vs Silicon Valley. • All USA states have access to the same single market • Silicon Valley is certainly not low in costs. • However, all USA states are lagging behind SV, and also lagging behind many EU ecosystems (London, Stockholm, Berlin, Amsterdam, Madrid,…) It is the ECOSYSTEM! 9/11/2015 www.startupeuropeclub.eu 10
  11. 11. It's all about ecosystems! 13/11/2015 www.startupeuropeclub.eu 11
  12. 12. Four elements to build ecosystems 1. Connecting people. BUILD CONNECTIONS among investors, universities, entrepreneurs, researchers, accelerators, public administrations, law firms, marketing agencies, stock exchanges, 2. Connecting ideas. SHARE IDEAS FREELY. Idea has no value, value is on the execution! (Steve Jobs) 3. Density. CRITICAL MASS. Many people trying and failing . Failure is essential to get big successes. 4. Exits. SMART MONEY: Entrepreneurs who sell their startups to corporates and become serial entrepreneurs and investors. 9/11/2015 www.startupeuropeclub.eu 12
  13. 13. Big corporates need to work with startups. www.startupeuropeclub.eu 1313 Fuente: www.startupeuropepartnership.eu
  14. 14. Innovation by companies in Silicon Valley is done by buying startups ~50 acquisitions per year: • Google - 57 acquisitions, • Facebook – 52, • Microsoft - 50, • Apple – 48, • Twitter 48, • Cisco – 10 per year 9/11/2015 www.startupeuropeclub.eu 14
  15. 15. Also public procurers … • Example of the EU institutions: • European Parliament, European Council and European Commission have selected five areas (cloud computing, security, AI,…) • Startup Europe networks will scout startups related to those five areas in 12 cities • The three directors in charge of public procurement from European Parliament, European Council and European Commission will visit the 12 cities meeting the selected startups • Benefits: • Public procurement will be adapted to the needs of the startups • Public procurers will get cheaper and more innovative solutions 9/11/2015 www.startupeuropeclub.eu 15
  16. 16. What is our recipe? 13/11/2015 www.startupeuropeclub.eu 16
  17. 17. 9/11/2015 www.startupeuropeclub.eu 17
  18. 18. Physical connection of people from startups hubs across Europe. www.startupeuropeclub.eu 18 Source: startuphubs.eu
  19. 19. Activities to connect ecosystems (1/2) • Events inviting ecosystems players from local ecosystems. E.g. Startup Ole. With many bilateral meetings and very few panels (300 bilateral meetings during two days!) and a startup competition and a startup fair. • Move entrepreneurs and investors around. E.G. Europass to allow entrepreneurs to travel to 3 or 4 events/cities across Europe and curating meetings with the relevant investors and potential customers. • Mapping of the ecosystem. E.g. startupeuropemap.eu with all accelerators, influencers, investors, … To facilitate the connection, but the follow up networking is done in existing platforms. • Celebration activities. Big distributed events like Startup Europe Week with 400 simultaneous events across EU. Or Startup Europe Awards, the Eurovision for startups. 9/11/2015 www.startupeuropeclub.eu 19
  20. 20. Activities to connect ecosystems (2/2) • Events for policy makers and entrepreneurs. E.g. Startup Europe summit • Networks of regional innovation agencies. E.g. Startup Europe Regions network • Internationalisation: connection with international ecosystems. Same activities as to connect EU ecosystems:events, move entrepreneurs and investors, mapping, summits of policy makers and entrepreneurs. E.g. startup Europe Comes to Silicon Valley, Startup Europe Comes to India, Africa, EaP, Latam,.. 9/11/2015 www.startupeuropeclub.eu 20
  21. 21. What we advice against (based on our own experience) • To develop new online platforms. There are many platforms that can be used instead for different target groups: LinkedIn, yammer, mobilise, Basecamp, slack,… e.g Startup Europe Facebook group with 12K members. • To give non refundable grants to startups. Do nor cherry pick winners. It expel out smart money from other investors. Use co- investment or convertible grants instead. Or support initiatives from local serial entrepreneurs (e.g. Accelerators) with grants to hire people and increase capacity. E.g. London region support to accelerators to hire employees. • To build new buildings for entrepreneurs. Offer under-utilised public buildings to local serial entrepreneurs or influencers (in preferential conditions) instead. E.g. Google Campus, La N@ve in Madrid,..9/11/2015 www.startupeuropeclub.eu 21
  22. 22. www.startupeuropeclub.eu AND: A one stop shop for startups.
  23. 23. www.linkedin.com/in/isidrolaso @isidrolaso Thank you www.startupeuropeclub.eu www.facebook.com/groups/startupeurope/ @StartUpEU 9/11/2015 www.startupeuropeclub.eu 23

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