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
from a local and pan-european
perspective
3. There is not sufficient cross-fertilization
between top European tech hubs
4. Tax & legal environment needs to be
i m p r o v e d ( a d a p t e d ) 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
Hoest 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