“Startups in Italy - Facts and Trends”    Mind the Bridge Survey 2012                       Alberto Onetti                ...
MTB SURVEY 2012                 Based on applications to                    MTB SeedQuest:                    166 companie...
ITALIAN STARTUPS – WHATMost are project company  (“wannabe startups”)6% are spinoffs of existing       companieslooking fo...
ITALIAN STARTUPS – WHERE                                             52% Northern Italy    Italian Startups Geolocation   ...
KEY LOCALIZATION DRIVERS               DRIVERS                  NETWORK OF        69%        CONTACTS            SKILLED  ...
SOURCES OF INNOVATION                                   Mind the Bridge – CrESIT, 2012  Universities are the main contribu...
MOTIVATIONAL DRIVERS  WHY DID YOU STARTUP A COMPANY?TO SOLVE A PROBLEM (77%)CHANGE THE INDUSTRY OR THE WORLD (68%)TO BE MY...
MR. STARTUP, WHO ARE YOU?                DEMOGRAPHICSMALE                                                  FEMALE89%      ...
MR. STARTUP, WHO ARE YOU?                     EDUCATION                       PhD/MBA (11%)                      MASTER’S ...
FOUNDERS                    PRIOR EXPERIENCE                                          WORK EXPERIENCE                     ...
STARTUPS: THE TEAMHOW DID THE CO-FOUNDERS GET IN TOUCH?- Work                       38,8%- Friends                    31,5...
STARTUPS & IP    REGISTERED PATENTS4% of founders has at leastone patent (on avg. 2 each)(64% of registered patentscome fr...
STARTUPS: FUNDRAISING§  Bootstrapping: 58%§  Grants: 8%§  Banks&Foundations: 6%§  Corporate venture capital : 6%§  16...
STARTUPS: THEIR ASK                       Partners                        (53%)                                           ...
STARTUPS IN ITALY           FACTS AND TRENDSITALY                  STARTUPS IN 	                                  FACTS AN...
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Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”

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"Startups in Italy - Facts & Trends"
Mind the Bridge Survey 2012
Alberto Onetti, Chairman, Mind the Bridge

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Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”

  1. 1. “Startups in Italy - Facts and Trends” Mind the Bridge Survey 2012 Alberto Onetti Chairman Mind the Bridge Foundation
  2. 2. MTB SURVEY 2012 Based on applications to MTB SeedQuest: 166 companies 369 entrepreneurs Focus on seed/early stage:* Startups looking for seed financing or Series A* More structured companies looking for follow-up rounds (Series B and later) to be analyzed separately (qualitative analysis)
  3. 3. ITALIAN STARTUPS – WHATMost are project company (“wannabe startups”)6% are spinoffs of existing companieslooking for diversification Mind the Bridge – CrESIT, 2012 Italian  Startups  by  Industry     Web and ICT are the prevalent fields of operation Mind the Bridge – CrESIT, 2012
  4. 4. ITALIAN STARTUPS – WHERE 52% Northern Italy Italian Startups Geolocation 21% Central Italy11% of Italian startups are incorporated abroad §  Mostly US & UK14% of not yet established startups are planningto incorporate abroadAre we facing a potential corporate drain? 15% Southern Italy Mind the Bridge – CrESIT, 2012
  5. 5. KEY LOCALIZATION DRIVERS DRIVERS NETWORK OF 69% CONTACTS SKILLED PROFESSIONAL WORKERS 57% HIGH QUALITY 52% OF LIFE WHERE ONE OF THE FOUNDERS LIVES 52% VENTURE CAPITAL 43% AND OTHER FUNDING PROXIMITY TO RESEARCH CENTERS 40%
  6. 6. SOURCES OF INNOVATION Mind the Bridge – CrESIT, 2012 Universities are the main contributors (67%) We need a stronger push on applied research ( applied 27% vs base 7%)
  7. 7. MOTIVATIONAL DRIVERS WHY DID YOU STARTUP A COMPANY?TO SOLVE A PROBLEM (77%)CHANGE THE INDUSTRY OR THE WORLD (68%)TO BE MY OWN BOSS (53%)NEED OF ACHIEVEMENT (51%) Mostly user entrepreneurs but with an ambitious vision SUPPORTERS? Networks: Family and friends firstFAMILY (48%) University and Work followCLOSE FRIENDS (43%)COLLEAGUES (38%)UNIVERSITY CLASSMATES (19%)UNIVERSITY PROFESSORS (18%) Mind the Bridge – CrESIT, 2012
  8. 8. MR. STARTUP, WHO ARE YOU? DEMOGRAPHICSMALE FEMALE89% 33 yrs. 11% Mind the Bridge – CrESIT, 2012
  9. 9. MR. STARTUP, WHO ARE YOU? EDUCATION PhD/MBA (11%) MASTER’S DEGREE (42%) BACHELOR’S DEGREE (53%)6-8% got it abroad Mind  the  Bridge  –  CrESIT,  2012  
  10. 10. FOUNDERS PRIOR EXPERIENCE WORK EXPERIENCE Almost 80% has a 8/9 years avg. prior working experience (17% abroad) RESEARCH/ACADEMIC EXPERIENCE8% has previously worked in Universities/Research ENTREPRENEURIAL EXPERIENCE 25% has founded at least one company before (8% abroad) STARTUP STILL OPERATIVE à67% ENTREPRENEUR STILL INVOLVED à87% EXIT à8%
  11. 11. STARTUPS: THE TEAMHOW DID THE CO-FOUNDERS GET IN TOUCH?- Work 38,8%- Friends 31,5%- Graduate studies 17,6%- PhD/Research 8,5%- Family 9,7% STARTUPS ARE A TEAM WORK (2/3 founders + 4/5 employees) 56% 28% 11% 5% FOUNDING TEAM S AGE <25 26-35 36-45 >46 Mind  the  Bridge  –  CrESIT,  2012  
  12. 12. STARTUPS & IP REGISTERED PATENTS4% of founders has at leastone patent (on avg. 2 each)(64% of registered patentscome from founders with aPhD) OTHER “PATENTS” REPORTED § 15 “B patents” § 2 “A patents” § 1 “nautic”
  13. 13. STARTUPS: FUNDRAISING§  Bootstrapping: 58%§  Grants: 8%§  Banks&Foundations: 6%§  Corporate venture capital : 6%§  16% got also funding by external investors o  Angels (8%) Capital Raised up to date (Euro) €65k o  Super Angels/Micro VCs/Seed Funds/ Accelerator/incubator (7%) o  Venture capital (1,2%) Mind the Bridge – CrESIT, 2012
  14. 14. STARTUPS: THEIR ASK Partners (53%) Capital (Seed 69%, Venture 59%)A more “startup friendly” legal environment would help Mind the Bridge – CrESIT, 2012
  15. 15. STARTUPS IN ITALY FACTS AND TRENDSITALY STARTUPS IN   FACTS AND TRENDS   MIND THE BRIDGE     SURVEY 2012   MIND THE BRIDGE     SURVEY 2012       Donwload at: http://mindthebridge.org/

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