Who Is Who - Osservatorio Startup Hi-Tech

The Startup Ecosystem & the Investments in Hi-tech Startups in Italy

Andrea RangoneSchool of Management, Politecnico di Milano

Observatory on Hi-tech Startups in Italy

IN COLLABORATION WITH WITH THE INSTITUTIONAL SUPPORT OF

1_ The Italian Startup Ecosystem: "Who’s Who"

3_

A selection of significant startups

2_

Investments in hi-tech startups in Italy

www.osservatori.netObservatory on Hi-tech Startups in Italy 17 Marzo 2015

Funded

Startups

The Italian Startup EcosystemThe players

“Innovative

Startups”

“Institutional”

Investors

Incubators

and Accelerators

Crowdfunding

Platforms

Science and

Technology Parks

Coworking

spaces

Fablabs

Startup

CompetitionsHackathons Empowerment

programs

Associations, Online

Resources & Communities

Call for

tenders


The Italian Startup EcosystemThe 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 EcosystemThe numbers

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

LAST UPGRADE, OCTOBER 13th 2014


The Italian Startup EcosystemThe national map: an example

INCUBATORS AND ACCELERATORS: 100 (2014)

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 FOR THE NAMES AND CONTACT INFORMATION OF THE PLAYERS MENTIONED ON THIS SLIDE,

PLEASE VISIT THE WEBSITE WWW.ITALIASTARTUP.IT/WHOISWHO

58%21%

21%North

Centre

South and Islands



The Italian Startup EcosystemThe regional map: an example

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

Percentage of Italian total

FOR THE NAMES AND CONTACT INFORMATION OF THE PLAYERS MENTIONED ON THIS SLIDE,

PLEASE VISIT THE WEBSITE WWW.ITALIASTARTUP.IT/WHOISWHO


LOMBARDIA


The Italian startup ecosystem:

a new “renaissance”

New political focus and legislative initiatives (Decreto Crescita 2.0,

Decreto del Fare, etc.) ..

Italian ecosystem in ferment: new investors, new incubators, etc.

… and above all: a virtuous cycle has started


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2_



Total investments in hi-tech startups

0

20

40

60

80

100

120

140

2012 2013 2014

Mil

ion€

+15%

≈118*112

129

-9%

• 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

* Values for 2014 are estimated


Distribution of investments

by investor type

77 8263

3547

55*

0

20

40

60

80

100

120

140

2012 2013 2014

Mil

ion€

Business Angels,Family Offices,Incubators andAccelerators

Institutional Investors

+6%

+34%

≈118*112

129

-23%

+17%

70%

30%

53%

47%

64%

36%

* Values for 2014 are estimated


Venture Capital Investments: a benchmark

Investment from Institutional Investors in high-tech startups in Italy is:

1/8 that of France and Germany

1/5 that of United Kingdom

1/2 vs Spain


74%

17%

6%3%

0%

20%

40%

60%

80%

100%

2014

Distribution of investments by sector

Total: 63 Million €

ICT OtherLife Science

Investments refer only to those startups that obtained financing from Institutional Investors (79 startups)

68%

23%

4%5%

0%

20%

40%

60%

80%

100%

2014

Total startup: 79

Cleantech and Energy


Founder profile refers only to those startups that obtained financing from Institutional Investors in 2014 (79 startups)

Background and age of startup founders

66%

34% 26%

31%

43%

Technical

Managerial

< 30 years

30 – 40 years

> 40 years

85 % of the startup founders are male

8%

14%

17%61%Not Graduated

Ph.D

MBA

Bachelor/MSc


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Startups with the highest financing rounds

2013/2014

Financing rounds

4,6 mln €8,7 mln €

6,3 mln €

4 mln €

3,8 mln €

6,5 mln €

10 mln € 5 mln €


Startups with the highest exit value*

2013/2014

Exits

* Under consideration only those startups with publicized exit values

185 mln €

100 mln €

64 mln €

250 mln €

732 mln €

578 mln €

450 mln €

330 mln €

71 mln €

The Startup Ecosystem & the Investments in Hi-tech Startups in Italy

Andrea RangoneSchool of Management, Politecnico di Milano

Observatory on Hi-Tech Startups in Italy

IN COLLABORATION WITH WITH THE INSTITUTIONAL SUPPORT OF

Who Is Who - Osservatorio Startup Hi-Tech

Economy & Finance

Transcript of Who Is Who - Osservatorio Startup Hi-Tech