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Support Ecosystems for Digital Startups

Objective

Online Businesses are significantly different from traditional businesses due to a variety of factors such as relatively low entry costs, high word of mouth, low incremental costs, high efficiency of viral marketing strategies amongst others. Quick deployment, rapid prototyping, low cost of market tests and introduction along with the right business model and pricing strategy are some of the vital elements that can ensure success or failure. These challenges are quite daunting to cope even for seasoned entrepreneurs but much more challenging for younger entrepreneurs. While several startup initiatives, business accelerators and localised business support ecosystems have come up to provide these specialised skills and support services, the main barriers to a large scale web entrepreneurship ecosystem in Europe are:

i) A significant gap between University Students who form the largest pool of potential young entrepreneurs and the business accelerators providing support to such initiatives.
ii) Lack of internetworking between the various business accelerators, investors, mentors to coordinate their activities to reach a much wider audience across the widely dispersed European communities.
iii) Lack of Business Analytical Tools that can help digital startups optimise their business models and pricing decisions.

There is a strong need to develop an ecosystem of web entrepreneurship, where budding entrepreneurs can find the right support to let their ideas blossom into viable business models, with access to the necessary inputs such as funding, mentoring, and access to the necessary technical resources and IT skills. That is why 2 business accelerators from 2 different European regions: Portugal and Scandinavia came together to develop a coordinated set of support actions with the coordination of an academic partner (UNIDEMI) to leverage the use of the largest European Startup Web- Platform F6S for a range of activities that support web-startups.

Call for proposal

H2020-ICT-2014-1
See other projects for this call

Coordinator

UNIVERSIDADE NOVA DE LISBOA
Address
Campus De Campolide
1099 085 Lisboa
Portugal
Activity type
Higher or Secondary Education Establishments
EU contribution
€ 150 000

Participants (3)

F6S NETWORK LIMITED
United Kingdom
EU contribution
€ 136 250
Address
Kemp House City Road 152-160
EC1V 2NX London
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
CLUSTERLAND SWEDEN AB
Sweden
EU contribution
€ 148 750
Address
Timmermansgatan 8
216 19 Malmo
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
BETA-I, ASSOCIACAO PARA A PROMOCAODA INOVACAO E DO EMPREENDEDORISMO
Portugal
EU contribution
€ 149 375
Address
Rua Princesa Maria Benedita 1
2560 359 Torres Vedras Sao Pedro E Santiago
Activity type
Other