Leveraging the European tech startup environment

Digital LeadersEuropean Economic and Social Committee23rd March 2015, Brussels

Bogdan Ceobanu

European Commission - DG CONNECT - Startup Europe

Leveraging the European tech startup environment

Summary

1. Digital Leaders in Europe: Music, Gaming, Fashion, Travel, FinTech, Apps

2. Startup Europe development and outcomes

Adyen

1. Digital Leaders in Europe

*Atomico analysis

AvitoBlaBlaCarCriteoDeliveryHeroIronSource

King.comKlarnaMobliMojangMonitisePowaQiwiRocket InternetSkype

SouldcloudSpotifySupercellTrusteerVKWazeWongaZalandoZendeskZoopla

Music

Gaming

Fashion

Travel

FinTech

Hardware

Software

Food Delivery

Marketplaces

App economy

Revenues:2013: €17.5billion --- 2018: € 63 billion

Founded in Helsinki 2004$5.15M daily revenue for onegame (Clash of clans)After 3 years sold 51% of the cowith $1.5B

Founded in London in 2003IPO 3/2014, $7B Valuation

Founded in Barcelona in 2008

Jobs:2013: 1.8 million --- 2018: 4,8 million

>45M MAU (Monthly ActiveUsers)Raised $45M

Founded in Helsinki in 2003>2B downloads>800 employees

Founded in Stockholm in 201020M paying users for Minecraft$2,5B exit to Microsoft

Founded in Paris in 1999>20M DAU (Daily Active Users)>1B downloads

Founded in Stockholm in 2006>15M subscribers>1200 employeesRaised more than $500M

Founded in Nicosia in 1999>100M DAU$900M exit to Rakuten Japan

2. Startup Europe - Development, outcome and desired impact

EurApp -

● App economy

●Dynamic MappingStartuphubs.eu

€100M FP7 FIWARE.ORG

16 Accelerator program ●

€10M Horizon2020 ICT13

10 Startup Europe projects ●

Funding opportunities

OutcomeStartup manifesto follow-up

1. Understanding the● Leaders Club ecosystem

● Startup Manifesto2. Policy maker's

● EDF - European Digital AwarenessForum - Think Tank

3. Funding startup● SEP - Startup Europe Partnership

Corporations and Universities Group ecosystem builders

● ● ●Media EuroPioneers Startup

CampaignTechAllStars EuropeSummit

SEC2SV Desired impact● SE Accelerator Assembly

• More dynamic

● SE Web Investors Forum ecosystem

● SE Crowdfunding Network • Better policies

• More internet● SE Network of Universities offering champions

MOOCS

Understanding theEuropean ecosystem

Accelerators: 57 seedaccelerators. 738

graduated startups. Thesestartups have created3500-4500 new jobs(2013).

Crowdfunding: $945million raised in 2012, EU.

Venture Capital $2.9braised in EU vs $13.8b USin Q2 2014

Scale-ups: More than 1000internet startups raised>$100k

MOOCS: More than 250 EUonline courses offered by >100 institutions

Startup manifesto: >7500Endorsements of the (GR,NL, AT versions)

Networks of stakeholders

Startup Europe - Horizon 2020 ICT13 Projects

5 projects to connect stakeholders(accelerators, investors, startups, media)within 17 European cities to accelerate:

168 startups in the growth phase,

600 startups part of accelerators and

32.000 prospective entrepreneurs involved in

tech entrepreneurship activities

organize the Startup Europe Summit

5 projects to generate impact in startupecosystems and:

• facilitate collaboration between startups andadministration

• foster collaboration between corporates andstartups (SEP)

• encourage female entrepreneurship

• link startups with students and young adults

• organise Failing Forward events /communicationcampaign on failure

• organize training and promotion in the area oftech entrepreneurship.

Follow Startup Europe on Social Media

https://www.facebook.com/groups/startupeurope

https://twitter.com/startupEU

www.startupeurope.eu