Digital Leaders European Economic and Social Committee 23rd 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

Leveraging the European tech startup environment

1 *Atomico analysis

1. Digital Leaders in Europe

Adyen Avito BlaBlaCar Criteo DeliveryHero IronSource King.com Klarna Mobli Mojang Monitise Powa Qiwi Rocket Internet Skype Souldcloud Spotify Supercell Trusteer VK Waze Wonga Zalando Zendesk Zoopla

1

Music

1

Gaming

1

Fashion

1

Travel

1

FinTech

1

Hardware

1

Software

1

Food Delivery

Marketplaces

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

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

Founded in Barcelona in 2008 >45M MAU (Monthly Active Users) Raised $45M

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

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

Founded in Stockholm in 2010 20M paying users for Minecraft $2,5B exit to Microsoft

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

Jobs:

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

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

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

App economy

Understanding the European ecosystem

Accelerators: 57 seed accelerators. 738 graduated startups. These startups have created 3500-4500 new jobs (2013).

Crowdfunding: $945 million raised in 2012, EU.

Venture Capital $2.9b raised in EU vs $13.8b US in Q2 2014

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

MOOCS: More than 250 EU online courses offered by > 100 institutions

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

Outcome 1. Understanding the ecosystem 2. Policy maker's Awareness 3. Funding startup ecosystem builders

Desired impact • More dynamic

ecosystem • Better policies • More internet

champions

Startup manifesto follow-up

Funding opportunities

Reco

gnitio

n an

d cele

bratio

n

Networks of stakeholders

EurApp -

App economy

● Leaders Club

● Startup Manifesto

● EDF - European Digital

Forum - Think Tank

● SEP - Startup Europe Partnership

Corporations and Universities Group

€100M FP7 FIWARE.ORG

16 Accelerator program ●

€10M Horizon2020 ICT13

10 Startup Europe projects ●

Media

Campaign

● ●

● SE Accelerator Assembly

● SE Web Investors Forum

● SE Crowdfunding Network

● SE Network of Universities offering

MOOCS

Dynamic Mapping

Startuphubs.eu

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●

EuroPioneers

TechAllStars

Startup

Europe

Summit

SEC2SV

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2. Startup Europe – Development, outcome and desired impact

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

Startup Europe – Horizon 2020 ICT13 Projects

5 projects to generate impact in startup ecosystems and:

• facilitate collaboration between startups and administration

• foster collaboration between corporates and startups (SEP)

• encourage female entrepreneurship

• link startups with students and young adults

• organise Failing Forward events /communication campaign on failure

• organize training and promotion in the area of tech entrepreneurship.

Follow Startup Europe on Social Media

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

https://twitter.com/startupEU

www.startupeurope.eu