SEP Sharing Event WS3: Startup Europe! – “Introduction” by Alberto Onetti
Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”
-
Upload
mind-the-bridge-foundation -
Category
Documents
-
view
1.347 -
download
0
description
Transcript of Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”
![Page 1: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/1.jpg)
“Startups in Italy - Facts and Trends” Mind the Bridge Survey 2012
Alberto Onetti Chairman
Mind the Bridge Foundation
![Page 2: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/2.jpg)
Focus on seed/early stage: * Startups looking for seed financing or Series A
* More structured companies looking for follow-up rounds (Series B and later) to be analyzed separately (qualitative analysis)
MTB SURVEY 2012 Based on applications to
MTB SeedQuest: 166 companies
369 entrepreneurs
![Page 3: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/3.jpg)
Most are project company (“wannabe startups”)
6% are spinoffs of existing companies
looking for diversification
ITALIAN STARTUPS – WHAT
Web and ICT
are the prevalent fields of operation
Mind the Bridge – CrESIT, 2012
Mind the Bridge – CrESIT, 2012
Italian Startups by Industry
![Page 4: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/4.jpg)
ITALIAN STARTUPS – WHERE
Italian Startups Geolocation 52% Northern Italy
15% Southern Italy
Mind the Bridge – CrESIT, 2012
21% Central Italy
11% of Italian startups are incorporated abroad § Mostly US & UK
14% of not yet established startups are planning to incorporate abroad Are we facing a potential corporate drain?
![Page 5: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/5.jpg)
KEY LOCALIZATION DRIVERS
NETWORK OF CONTACTS
SKILLED PROFESSIONAL
WORKERS
HIGH QUALITY OF LIFE
WHERE ONE OF THE FOUNDERS
LIVES
VENTURE CAPITAL AND OTHER
FUNDING
PROXIMITY TO RESEARCH CENTERS
DRIVERS
52%
52%
57%
69%
43%
40%
![Page 6: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/6.jpg)
SOURCES OF INNOVATION
Mind the Bridge – CrESIT, 2012
Universities are the main contributors (67%)
We need a stronger push on applied research ( applied 27% vs base 7%)
![Page 7: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/7.jpg)
TO SOLVE A PROBLEM (77%)
CHANGE THE INDUSTRY OR THE WORLD (68%)
TO BE MY OWN BOSS (53%)
NEED OF ACHIEVEMENT (51%)
Mind the Bridge – CrESIT, 2012
SUPPORTERS?
MOTIVATIONAL DRIVERS
WHY DID YOU STARTUP A COMPANY?
FAMILY (48%)
CLOSE FRIENDS (43%)
COLLEAGUES (38%)
UNIVERSITY CLASSMATES (19%)
UNIVERSITY PROFESSORS (18%)
Mostly user entrepreneurs but with an ambitious vision
Networks: Family and friends first University and Work follow
![Page 8: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/8.jpg)
MR. STARTUP, WHO ARE YOU? DEMOGRAPHICS
11% 89% FEMALE MALE
Mind the Bridge – CrESIT, 2012
33 yrs.
![Page 9: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/9.jpg)
MR. STARTUP, WHO ARE YOU? EDUCATION
Mind the Bridge – CrESIT, 2012
PhD/MBA (11%)
MASTER’S DEGREE (42%)
BACHELOR’S DEGREE (53%)
6-8% got it abroad
![Page 10: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/10.jpg)
FOUNDERS PRIOR EXPERIENCE
WORK EXPERIENCE Almost 80% has a 8/9 years avg.
prior working experience (17% abroad)
ENTREPRENEURIAL EXPERIENCE 25% has founded at least one company
before (8% abroad)
STARTUP STILL OPERATIVE à67% ENTREPRENEUR STILL INVOLVED à87% EXIT à8%
RESEARCH/ACADEMIC EXPERIENCE
8% has previously worked in Universities/Research
![Page 11: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/11.jpg)
STARTUPS: THE TEAM
Mind the Bridge – CrESIT, 2012
<25 26-35 36-45 >46 FOUNDING TEAM’S AGE
11% 56%
28% 5%
HOW DID THE CO-FOUNDERS GET IN TOUCH? - Work 38,8% - Friends 31,5% - Graduate studies 17,6% - PhD/Research 8,5% - Family 9,7%
STARTUPS ARE A TEAM WORK (2/3 founders + 4/5 employees)
![Page 12: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/12.jpg)
STARTUPS & IP
OTHER “PATENTS” REPORTED
§ 15 “B patents” § 2 “A patents” § 1 “nautic”
REGISTERED PATENTS
4% of founders has at least one patent (on avg. 2 each) (64% of registered patents come from founders with a PhD)
![Page 13: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/13.jpg)
§ Bootstrapping: 58%
§ Grants: 8%
§ Banks&Foundations: 6%
§ Corporate venture capital : 6%
§ 16% got also funding by external investors
o Angels (8%)
o Super Angels/Micro VCs/Seed Funds/ Accelerator/incubator (7%)
o Venture capital (1,2%)
STARTUPS: FUNDRAISING
Capital Raised up to date (Euro)
Mind the Bridge – CrESIT, 2012
€65k
![Page 14: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/14.jpg)
STARTUPS: THEIR ASK
A more “startup friendly” legal environment would help Mind the Bridge – CrESIT, 2012
Capital (Seed 69%, Venture 59%)
Partners (53%)
![Page 15: Alberto Onetti, Presenting Mind the Bridge Survey 2012 “Startups in Italy. Facts and Trends”](https://reader033.fdocuments.in/reader033/viewer/2022042813/5402bb8b8d7f72ed558b45dd/html5/thumbnails/15.jpg)
Donwload at: http://mindthebridge.org/
STARTUPS IN ITALY FACTS AND
TRENDS
MIND THE BRIDGE SURVEY 2012
STARTUPS IN ITALY FACTS AND TRENDS
MIND THE BRIDGE
SURVEY 2012