Skip to main content

Scale-up Champions: Scale up innovative businesses across the EU

Periodic Reporting for period 1 - Scale-up Champions (Scale-up Champions: Scale up innovative businesses across the EU)

Reporting period: 2019-12-01 to 2021-02-28

Scale-up Champions’ mission is to help innovative businesses and startups across the EU to scale up and achieve market success. It aims to leverage the strengths of different growing ecosystems in the European Union and the opportunities each of them offers, while contributing to the development of standardised growth routes for deep tech startups in Europe. It envisages to do so by connecting different European deep-tech startup ecosystems and organising and set of support cross-border activities.
During the first 15 months of the project, several outcomes have been reached, which directly contribute to the achievement of the project’s main goals:
- Two editions of the Startup-Corporate scouting and matchmaking search have been completed. In the first edition, 21 corporates were recruited in total, posing 57 challenges, and 68 startups, of which 59 were matched with the corporates. Of those collaborations, 5 of them continue even after the programme has been completed. In the second edition, launched in February 2021, 26 corporates have already confirmed their participation, and the call of the start-ups just started. Several internal workshops between partners were celebrated to collect feedback and improve the of the programme. This monitoring and improvement of the procedures will continue throughout the entire project in order to compile a set of lessons learned and best practice. This will provide the startup ecosystems in Europe with relevant up to date tools and practices for networking, learning and cooperative investment management. Moreover, it will contribute to the creation of a framework and scheme of tools and support for corporations and startups that can be replicated across different EU countries.
- The fist Investment Readiness Programme was completed, while the second one is currently ongoing. In total, 47 startups applied to the first round and 42 to the second one, of which 24 were selected to be part of each programme (48 in total). Moreover, 24 mentors and over 80 investors from all over Europe have actively engaged and are participating. This programme helped the participating startups to improve their investment-readiness and market reach, their pitching skills and their capability to expand to foreign markets, a well as it broadened its network extensively. In addition, the programme set the basis, as a success case, to establish cross-border collaborations and overcome language and cultural barriers in different startup ecosystems. It contributes to increase the connectedness among members of deep-tech startup ecosystems and their companies (startups and scale-ups) and to the larger European business ecosystem seeking maximum synergies.
- The first Demo Day was held, counting with 77 people registered, of which 33 were investors, 25 startups and 19 partners. This event served to stimulate European investments in deep-tech digital sectors through increasing the number of cross-border investments.
- A Startup Ecosystem Catalogue was elaborated, featuring comprehensive information about the state of the art regarding resources and tools available in five growing deep tech startup ecosystems: Denmark, Estonia, Lithuania, Poland and Spain. The catalogue comprises a set of available resources in those ecosystems, such as the best co-working spaces, hubs, accelerators, incubators, investors, and funding entities, as well as the top startups and the most relevant events and activities in these five vibrant countries. By shining a light on what is happening in those startup scenes, Scale-up Champions contributes to boost international collaboration and to uncover the best opportunities for deep tech entrepreneurship. In addition, this has increased the connectedness between the incubators in those five ecosystems through active experience sharing and collaboration.
Scale-up Champions expects to unlock the full potential of European deep-tech startups’ by connecting them with mentors, investors and corporates across Europe, as they are the main stakeholders that can boost their growth and market scale up. The project is bridging the gap between different European startup ecosystems, leveraging the strengths of each one and applying a holistic knowledge-sharing approach to create a joint thriving ecosystem in Europe. This will stimulate European investments in deep-tech digital sectors, boosting economic development, creating jobs and, ultimately, bringing Europe to the forefront of innovation.
Some of the specific objectives of the project are:
- To foster cross-border activities between different European startup ecosystems and increase the connection between incubators in Estonia, Denmark, Lithuania, Poland, and Spain, through active experience sharing and collaboration.
- Foster the fundraising capacity of deep-tech startups through an active investment readiness program and creating working networks between investors and startups
- Foster startup-corporate collaboration through the provision of a framework, necessary tools and support for both types of companies.
- Provide investors and the deep-tech startup community in Europe with relevant tools and practices for networking, learning and cooperative investment management.
Scale-up Champions’ actions will contribute to the main goals of the Startup Europe for Growth and Innovation Radar programme to help startups achieve market success and mature the innovation excellence of high potential innovators. This will boost the creation of new jobs and high growth businesses and support their growth on a pan-European and international level.
Newsletter
SM post
Call for startups
Timeline
Newsletter
Testimonial
Call for startups
Call for startups
Newsletter
Call for startups
Visual
Visual