Community Research and Development Information Service - CORDIS


TWIST DIGITAL Report Summary

Project ID: 644021
Funded under: H2020-EU.

Periodic Reporting for period 2 - TWIST DIGITAL (Transregional Web Innovative Services for Thriving Digital and Mobile Entrepreneurship)

Reporting period: 2015-09-01 to 2016-04-30

Summary of the context and overall objectives of the project

TWIST- Transregional Web Innovative Services for Thriving Digital and Mobile Entrepreneurship- connects four of the most interesting ecosystems in the European panorama characterized by an interesting liveliness of startups in their early stage and seed phase but that usually face difficulties in growing and remaining on the market.
In this stage, It’s generally recognized that the main support to startups is represented by the provision of soft skills and opportunities to facilitate the:
- Access to market;
- Accesso to further knowledge and
- Access to fund raising.
In this context TWIST has been designed and developed with the two main objectives:
- Creating any opportunity of mutual exchange among European startups through the organization of webinars and vertical programs in the four ecosystems of the project;
- Providing international chances for startups both facilitating access to capitals and opening new markets through the cooperation with Large Company .
TWIST digital, through its actions is activating a positive mechanisms aiming at:
- Improving the quality of startups through a dedicated and advanced mentorship program;
- Internationalizing startups through exchange programs and international events;
- creating more opportunities between startups and investors in the ecosystem;
- Facilitating access to new clients through the cooperation between startups and Large corporates.
In respect to the objectives above described, the four ecosystems have been implementing all the TWIST actions.

Rome, project coordinator, is, together with Milan, the most interesting ecosystem in Italy characterized by the presence of
• 8 Accelerators and incubators
• 29 Co-working spaces
• 6 Fab-labs
• 4 Institutional investors
• 3 Crowdfunding platforms
• 316 Innovative startups

Lille is labelized as a leading French Tech city. Being at the same time an academic centre as well as an entrepreneurial hub for young people, the number of new and fresh startups based on the digital industry has increased constantly throughout the last few years.

Warsaw is definitely considered the country’s entrepreneurial hot spot, gathering young people from all the surrounding regions in very creative and productive hubs, accelerators and workshops.

Stockholm has started conquering the startup and entrepreneurship scene in Europe and worldwide. Being the biggest entrepreneurial hotspot in Scandinavia, it comes as no surprise that some of the most successful startups and entrepreneurs have started straight from Stockholm.
Stockholm is one of the most booming entrepreneurial cities in Europe and the tech industry finds it really easy to find talent and potential in Sweden’s capital.

Notable Swedish founded companies: Skype, MySQL, Klarna, Mojang Dice, King, Spotify, SoundcloudAround Stockholm, startup hubs, activities, spaces and accelerators are now emerging, matching innovative companies with big industries’ need for innovation and new talents.
A key added value for the TWIST project will be the participation of Johan Gorecki, CEO of Globe Forum and former member of the Skype founding team.

Each ecosystem is represented by different players covering complementary and integrated aspects:
Investors (Lazio Innova (IT), MetaPolska (PL), Media Delas UG) capable of creating matching between Startups and Investors’ network;
Accelerators (Luiss Enlabs (IT), Euratechnologies (FR), FNM (PL), MoreTime (S)) with a proven track record of several acceleration program completed and startup invested after their pre-seeds investments.
The consortium has been improved and supported from the new entrée of Hugin & Munin, expert in communication and branding whose role is to guarantee the most relevance to the project actions.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

The first period was dedicated to creation of TWIST community through vertical seminars.

the second period was characterized by the inclusion of all the partners and cooperations on different actions
Startup Europe Week

For the first time in Rome (and in the Region) startups, wannabe startuppers, entrepreneurs, policy makers, large companies, investors, universities, talent in innovation sat all together and discuss about the present and the future of the ecosystem.
From 25th to 27th January, EuraTechnologies organized its first European Bootcamp during the International Cybersecurity Forum in Lille Grand Palais, Lille, France.
During three days, 7 start-ups specialized in Cybersecurity were given an intensive training for an affluent development of their activities. Construction of a business plan, sales strategy, pitch training and meetings with investors are examples of animations provided and organized by the Digital Accelerator, EuraTechnologies and the European project, Twist Digital.
The first European Bootcamp organized by EuraTechnologies and the European project Twist Digital was a success.

The TWIST Co-working: the cooperation with Microsoft
Imagine Cup is a global technology program and competition which provides opportunities across all disciplines to team up and use their creativity, passion and knowledge of technology to create applications, games and integrate solutions that can change the way we live, work and play. The polish final competition was held on 12th-13th April 2016. Teams took appearance in 3 categories: Word Citizenship, Innovations, Games. 90 teams and their projects were evaluated by the committee. Judges evaluated the technical solution and business potential of the projects and they chose the best ones. The final gala was presented by 3 teams in every category. The judges picked out the winner in each categories.
The Imagine Cup organized 8 individual sessions with startups.

Communication activities
The communication activities performed by TWIST during its first year have contributed to increasing the impact and visibility of both TWIST and StartUp Europe, and the TWIST project partners.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

The project is in line with the objectives and timeframe defined in the Description of Actions.
The activities done during the first period , and in particular the focus groups and the analysis of questionnaires, provided a comprehensive document on the needs of startups in terms of knowledge and mentorship.
The four ecosystems have organized a total number of 44 events ( meetups and webinars) in closer cooperation and sharing their competences and knowledge.
It’s important to mention the regular collaboration between Media Deals and FNM for the organization of webinars.
but the main result achieved through the regular organization of the meetups has been the reinforcement of the role of TWIST/ Startup Europe.
The most successful example of this achievement has been the organization of Startup Europe Week in Rome and in Lazio Region.
The event has been widely recognized as the first opportunity to gather all the major players to debate about the potentialities of Rome under three main aspects: finance (public and private), market (opportunities and actions for cooperation with large corporates), knowledge (how to increase the number of startups on a local level).

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