The Startup Ecosystem & the Investments in Hi-tech Startups in Italy Observatory on Hi-tech Startups in Italy Andrea Rangone School of Management, Politecnico di Milano IN COLLABORATION WITH WITH THE INSTITUTIONAL SUPPORT OF
1_ The Italian Startup Ecosystem: "Who s Who" 2_ Investments in hi-tech startups in Italy 3_ A selection of significant startups
The Italian Startup Ecosystem The players Funded Startups Innovative Startups Institutional Investors Crowdfunding Platforms Incubators and Accelerators Science and Technology Parks Coworking spaces Fablabs Startup Competitions Hackathons Empowerment programs Call for tenders Associations, Online Resources & Communities
The Italian Startup Ecosystem The methodology A census survey of the main players in each category based on a review of secondary sources (online re-sources, press search, etc.) Interviews with each identified player to understand their actual role within the ecosystem
The Italian Startup Ecosystem The numbers LAST UPGRADE, OCTOBER 13 th 2014 The players 2013 2014 "Innovative Startups" 1227 2716 Funded Startups 108 118 "Institutional" investors 32 36 Incubators & Accelerators 97 100 Science & Technology parks 40 38 Coworking spaces 65 62 Startup Competitions 33 52 Associations, Online resources & communities 20 27 Hackathons - 21 Empowerment programs - 38 Call for tenders - 46 Crowdfunding platforms - 48 Fablabs - 46
The Italian Startup Ecosystem The national map: an example LAST UPGRADE, OCTOBER 13 th 2014 INCUBATORS AND ACCELERATORS: 100 (2014) 21% North Centre 21% 58% South and Islands FOR THE NAMES AND CONTACT INFORMATION OF THE PLAYERS MENTIONED ON THIS SLIDE, PLEASE VISIT THE WEBSITE WWW.ITALIASTARTUP.IT/WHOISWHO Incubators and Accelerators: Public and private incubators and accelerators that provides associated services to support startups (mentorship, networking, etc) in addition to rental space. Certified Incubators and Accelerators (ref. Decreto Sviluppo Bis) are identified by an asterisk
The Italian Startup Ecosystem The regional map: an example LOMBARDIA FOR THE NAMES AND CONTACT INFORMATION OF THE PLAYERS MENTIONED ON THIS SLIDE, PLEASE VISIT THE WEBSITE WWW.ITALIASTARTUP.IT/WHOISWHO Percentage of Italian total LAST UPGRADE, OCTOBER 13 th 2014 22% of "Innovative Startups" 34% of Funded Startups 53% of "Institutional" Investors 35% of Crowdfunding Platforms 21% of Incubators and Accelerators 13% of Science and Technology Parks 31% of Coworking spaces 17% of Fablabs 35% of Startup Competitions 24% of Hackathons 13% of Empowerment programs 15% of Call for tenders
1_ The Italian Startup Ecosystem: "Who s Who" 2_ Investments in hi-tech startups in Italy 3_ A selection of significant startups
Total investments in hi-tech startups * Values for 2014 are estimated Milion 140 120 100 80 60 40 20 0 129 112 118* +15% -9% 2012 2013 2014 Quantification of these investments was carried out through primary sources. Direct interviews were therefore conducted with all institutional entities plus the main incubators/ accelerators, Family Offices and Business Angel Networks Data collected from the 2013 IBAN Survey was added to the data collected through these primary sources
Milion 140 120 100 80 60 40 20 0 Distribution of investments by investor type 112 35 +34% 129 47 77 82 +6% +17% -23% 118* 55* 63 2012 2013 2014 * Values for 2014 are estimated Business Angels, Family Offices, Incubators and Accelerators Institutional Investors 30% 70% 36% 64% 47% 53%
Venture Capital Investments: a benchmark Investment from Institutional Investors in high-tech startups in Italy is: 1/8 vs France and Germany 1/5 vs United Kingdom 1/2 vs Spain
Distribution of investments by sector Investments refer only to those startups that obtained financing from Institutional Investors (79 startups) 100% 80% 3% 6% 17% 100% 80% 5% 4% 23% 60% 60% 40% 20% 0% 74% 2014 40% 20% 0% 68% 2014 Total: 63 Million Total startup: 79 ICT Life Science Cleantech and Energy Other
Background and age of startup founders Founder profile refers only to those startups that obtained financing from Institutional Investors in 2014 (79 startups) Technical Managerial 85 % of the startup founders are male 34% 26% 43% 66% 31% < 30 years 30 40 years > 40 years 19% not Graduated Graduated 8% 92% 15% 66% No Laurea PhD Master Laurea
1_ The Italian Startup Ecosystem: "Who s Who" 2_ Investments in hi-tech startups in Italy 3_ A selection of significant startups
Startups with the highest financing rounds 10 mln 5 mln 8,7 mln 4,6 mln 2013/2014 Financing rounds 6,5 mln 6,3 mln 4 mln 3,8 mln
Startups with the highest exit value* 732 mln 185 mln 578 mln 100 mln 2013/2014 Exits 450 mln 330 mln 71 mln 250 mln 64 mln * Under consideration only those startups with publicized exit values
The Startup Ecosystem & the Investments in Hi-tech Startups in Italy Observatory on Hi-Tech Startups in Italy Andrea Rangone School of Management, Politecnico di Milano IN COLLABORATION WITH WITH THE INSTITUTIONAL SUPPORT OF