Why are we doing this?
Startups are an important means by which new ideas are brought to life – especially those ideas which challenge established industries or do not find ready support inside existing companies. They are core to the process of creative destruction and crucial for increasing employment. They exert competitive pressure on prevailing businesses, which drives improvements in productivity and prosperity. In short, the starting – and scaling – of new ventures is vital for innovation and economic growth.
Unfortunately, many good startups fail to thrive. Helping these good firms to survive and scale would have major economic and social benefits.
What are we doing?
This initiative aims to help startups to scale across Europe, by understanding and improving two routes to scale: initial public offerings on stock exchanges, and collaboration with larger corporates.
It will aim to identify obstacles to scale, map existing startup-corporate collaborations in order to identify gaps, and promote good practice via publications and training sessions.
The project will run for two years from January 2018.
SEP2.0 follows the highly successful Startup Europe Partnership (SEP), which focussed on mutually-beneficial collaboration between startups and corporates.
The first Startup Europe Partnership (SEP) was announced by the European Commission in January 2014 at the World Economic Forum in Davos. It received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 644104, and was led by Mind the Bridge Foundation, a non-profit foundation based in Italy and United States, with the support of Nesta, The Factory campus for startups and mature tech companies in Berlin, and the Bisite Accelerator.
Nesta’s role focussed on research into corporate-startup collaboration, in order to identify and promote good practice.