Startup Europe Partnership 2.0

Projektinformationen

SEP 2.0

ID Finanzhilfevereinbarung: 780601

DOI

10.3030/780601

Projekt abgeschlossen

EK-Unterschriftsdatum 15 Dezember 2017

Startdatum 1 Januar 2018

Enddatum 31 Juli 2020

Finanziert unter

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Gesamtkosten

€ 1 499 649,50

EU-Beitrag

€ 1 424 649,50

Koordiniert durch

MIND THE BRIDGE FOUNDATION
Italy

Periodic Reporting for period 3 - SEP 2.0 (Startup Europe Partnership 2.0)

Berichtszeitraum: 2019-05-01 bis 2020-07-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

There are barriers to scaling up in Europe. Notably:

The Report on Startup Transatlantic M&A produced by MIND THE BRIDGE in partnership with Crunchbase shows that European scaleups get acquired too early (36% are less than 5 years old) and with a 45% discount compared to American scaleups. Furthermore, 44% of European scaleups are acquired by US-based corporates. European corporates are not in the forefront of open innovation: the report shows that the first European company in the ranking of the most acquisitive corporates is only 33th. Extending the analysis to procurement and other forms of corporate-startup collaboration, still a US company leads the ranking of corporates working with European startups.

The number of European scaleups going public in Europe is still too small. The latest SEP Monitor shows that only 2% of European ICT scaleups go public. The ones that decide to go public in the US raise 6 times more capital than the ones that IPO in Europe. If we consider IPOs of European scaleups, over $100M, 45% are completed in the US.

The growth process of scaleups is too much venture-capital-driven. In turn, venture capitalists depend on opportunities to exit their initial investment, returning capital for reinvestment in new firms. Properly functioning primary and secondary markets are therefore key to boosting angel and VC investment.
For VC-backed companies, trade sales to corporates are significantly more common than IPOs. In Europe, VC-backed exits represented less than 2% of all exits during 2010-2014; this compares with an average rate of over 13% in the US for the same period.

SEP 2.0 supports European scaleups to grow internationally with three main activities:
• Matching
• IPO Conduit
• International Showcase

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

Activities:

Scouting, Profiling and Ranking
+10,000 startups

Scaleup Summits
9 Summits, 5 Cities. 5 Stock Exchanges, 2 Digital Summits.
247 Corporate Executives.
191 Investors. 513 Scaleups

Matchmaking
1000+ highly curated 1:1 meetings
79% cross-border meetings

IPO Conduit
+600 startups received IPO prep

International Exposure
2 missions to San Francisco
2 missions to Tel Aviv

Research
8 Reports (3 Scaleup Monitors, 4 Policy Recommendations & 2 State of OI in EU)
Corporate Startup Stars identified top corporates collaborating with startups

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

At the date of this presentation, we have accomplished almost all of the ambitious targets we set for ourselves:
➢ Exits: 10 acquisitions, 1 IPO + 17 companies in IPO training
➢ Capital raised: €657M+ for 74 scaleups
➢ Revenue via facilitated business deals: €22.4M+ in secured revenue for next 3 years

It is expectable that in the 2-year period after the end of the project, we’ll go beyond even these numbers.

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