Digital Venice - July 8th, 2014 Workshop: Startup Europe! The European Startup Ecosystem A quick look at the stats by Jessica Stacey

1. Workshop: “Startup Europe!”

2. Jessica
Stacey,
Nesta
Digital
Venice,
08
July
2014
The
European
Startup
Ecosystem
A
quick
look
at
the
stats

3. Contents
1.
The
big
picture
2.
Show
me
the
money
3.
Nurturing,
networks
and
support
4.
The
wider
ecosystem

4. 1.
The
big
picture
What
we
know
about
digital
startups

5. High
growth
firms
maHer
Source:
Vital
Growth
(NESTA,
2011),
based
on
the
ONS
Business
Structure
Database
2002-­‐05
2005-­‐08
2007-­‐10
Firms
New
jobs
Job
crea)on
by
exis)ng
UK
businesses
Firms
New
jobs
Firms
New
jobs

6. New
enterprise
creaVons
Source:
OECD,
Entrepreneurship
at
a
Glance,
2013
50
60
70
80
90
100
110
120
130
140
Norway Netherlands Russian Federation Spain Sweden United Kingdom United States
50
60
70
80
90
100
110
120
130
140
Australia Belgium Denmark Finland Germany Italy
90
110
130
150
170
190
France
UK
Sweden
Norway
US
Russian
FederaVon
Spain
Australia
Belgium
Denmark
Italy
Germany
Finland

7. InnovaVon
in
digital
tech
is
reaching
a
Vpping
point
Digital
technologies
accounted
for
more
than
21%
of
GDP
growth
in
the
world’s
most
advanced
economies
in
the
past
five
years.1
Europe’s
digital
economy
is
expected
to
grow
seven
Vmes
faster
than
overall
EU
GDP
in
coming
years.
2
The
Boston
ConsulVng
Group
esVmates
that
the
digital
economy
will
contribute
a
total
of
$4.2
trillion
to
the
G20’s
total
GDP
by
2016,
which
means
that
if
the
Internet
were
a
naVonal
economy,
it
would
rank
in
the
world’s
top
five,
behind
only
the
US,
China,
Japan
and
India
–
and
ahead
of
Germany.
1
MaHhieu
Pélissié
du
Rausas
et
al.,
Internet
MaHers:
The
Net’s
Sweeping
Impact
on
Growth,
Jobs,
and
Prosperity
(San
Francisco,
McKinsey
Global
InsVtute,
2011).
2
European
Commission,
Copyright:
Commission
Urges
Industry
to
Deliver
InnovaVve
SoluVons
for
Greater
Access
to
Online
Content,
IP/12/1394
(Brussels:
European
Commission,
2012).

8. European
ICT
Poles
of
Excellence
Source:
European
Commission
JRC-­‐IPTS

9. 2.
Show
me
the
money
The
funding
environment
in
Europe

10. The
three
main
areas
of
early
stage
investment
in
Europe
Source:
EBAN:
StaVsVcs
Compendium
2014

11. European
VC
investment
conVnues
to
lag
the
US
as
a
share
of
GDP
0
0.002
0.004
0.006
0.008
0.01
0.012
0.014
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
VC
investment
as
a
share
of
GDP
UK
US
CE

12. Crowdfunding
-­‐
it’s
big
business...
$2.7
Billion
$945
Million
...and
it
is
taking
off
in
the
Europe
Raised
in
Europe
through
crowdfunding
in
2012
Raised
globally
through
crowdfunding
in
2012
Source:
MassoluVon
2012
figures

13. $2.7bn
in
2012,
predicted
to
have
almost
doubled
in
2013
Source:
MassoluVon

14. 3.
Nurturing,
networks
&
support
The
rise
of
incubaVon
for
early
stage
ventures

15. Growth
of
accelerator
programmes
15
• 53
programmes
in
Europe
• 703
companies
accelerated
• 2034
jobs
created
Source:
www.seed-­‐db.com,
March
2014
www.startupfactories.eu

16. Accelerator
and
Incubator
Ecosystem
in
Europe,
2012,
Telefonica

17. 4.
The
wider
ecosystem
The
impact
of
big
corporates,
universiVes
and
public
policy

18. 18
More
corporate
accelerators

19. More
corporates
involved
in
VC

20. Entrepreneurship
&
innovaVon
in
UniversiVes
Source:
Graham
(2014),
CreaVng
University
Based
Entrepreneurial
Ecosystems,
MIT
Skoltech
IniVaVve

21. Public
policy
Procurement
Investment
incenVves
Digital
single
market
EducaVon

22. • Atlan)c
Dri7,
2011,
Nesta,
hHp://bit.ly/1r4Wh18
• Crowdfunding
Industry
Report,
2012,
MassoluVon,
hHp://bit.ly/1maVnj5
• European
Commission,
Copyright:
Commission
Urges
Industry
to
Deliver
Innova)ve
Solu)ons
for
Greater
Access
to
Online
Content,
IP/12/1394
(Brussels:
European
Commission,
2012).
• European
Digital
Forum,
hHp://www.europeandigitalforum.eu
• Graham,
R.,
Crea)ng
University
Based
Entrepreneurial
Ecosystems,
(MIT
Skoltech
IniVaVve
,
2014).
• Mapping
the
European
ICT
Poles
of
Excellence,
2014,
European
Commission
JRC-­‐IPTS,
hHp://bit.ly/Rlw0yZ
• MaHhieu
Pélissié
du
Rausas
et
al.,
Internet
MaMers:
The
Net’s
Sweeping
Impact
on
Growth,
Jobs,
and
Prosperity
(San
Francisco,
McKinsey
Global
InsVtute,
2011).
• OECD
Entrepreneurship
at
a
Glance,
2014,
hHp://bit.ly/1Va9sS
• Startup
Europe
Partnship,
hHp://startupeuropepartnership.eu
• Startup
Factories,
Nesta,
hHp://www.startupfactories.eu
• Startup
Manifesto,
hHp://startupmanifesto.eu
• Sta)s)cs
compendium
2014,
EBAN,
hHp://bit.ly/U0aCQt
• The
Accelerator
and
Incubator
Ecosystem
in
Europe,
2013,
Telefonica,
hHp://bit.ly/1rKXHAr
• The
European
Seed
Accelerator
Ecosystem,
2014,
Jed
ChrisVansen,
hHp://bit.ly/1qQAwV2
• The
Rise
of
Corpora)ons
in
Tech
Venture
Capital
Investment,
2013,
CB
Insights,
hHp://bit.ly/1qFViFf
• Unchaining
Investment,
2013
Nesta,
hHp://bit.ly/1lPO6A6
• Vital
Growth,
2011,
Nesta,
hHp://bit.ly/1pWcx7j
References

23. jessica.stacey@nesta.org.uk
@JessStacey
www.nesta.org.uk