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Europe's startups get bootcamp booster

por Lourdes Gallo (2019-07-23)


5 months agoMeanwhile, major toy retailers planned to be open and hold special events when the toys first became available just after midnight Friday. The massive marketing blitz, which Disney has named "Force Friday," spans all kinds of media and included an 18-hour global "unboxing" streamed live on YouTube.

The company has now sold more than 41,000 phones in Europe using African minerals it certifies as "conflict free", and will begin selling in the United States in 2015. Co-founder Bas van Abel, a 37-year old Dutch artist, concedes his company is far from a panacea for the ills of mass-manufacturing, but says it is working to improve conditions for the Chinese workers who assemble the handsets.

The dream of starting a tech company on a few thousand dollars and turning it into billions is one of Silicon Valley's greatest exports. As the cost of computing has fallen, it has moved within reach of more people. In a study published in March, the Organisation for Economic Cooperation and Development (OECD) found nearly half of all new jobs in 18 countries are created by young, growing companies.

"I was at home and my kids were running around . ' Because internet banking doesn't allow you to transfer 1. I had to do it in batches. " (Edited by Simon Robinson) 5 million ready and I pushed the button, and it went 'EHHH. 5 million euros to some account in China. "I totally panicked," he said.

One EU-funded study from March, by database Seed-DB, estimated startups have created 3,500-4,500 jobs in Europe. For Europe's politicians, the trend represents an economic bright spot, bringing life to disused office space, new jobs, and reflected geek chic. It's an increasingly familiar story in Europe, where hundreds of entrepreneurs have set up incubators that are adapting the Silicon Valley model to fast-track new companies.

But the company, which has received funding from Disney, expects that investment to pay off for years to come. Developing and producing its BB-8 used up the majority of Sphero's resources for this year.

"But they are creating companies which are of equal if not greater value than those in other regions. "European venture capitalists have had to work in a more capital constrained environment," said Anne Glover, chairman of the EVCA.

Fairphone was born as part of a Dutch state-backed project; its early capital came partly from a UK government-funded incubator. But Van Abel says its single biggest source of funding was downpayments from individuals - mostly German - who wanted to buy its phones.

Europe's politicians would like more success stories like Fairphone. Exact numbers are hard to determine, but according to AngelList, a website for new companies, there are now more than 4,700 startups in Europe, compared with nearly 14,000 in the United States. In a continent where one in five young people are out of work, governments are pumping more and more cash into startups in the hope they can goose economic growth.

Each Rockstart incubator programme is essentially an investment fund which devotes 20,000 to 25,000 euros in cash to each startup and takes an eight percent stake in each. None of its potential returns have yet been realised but on paper, it says the return on investment on its two initial funds is about 185 percent. This is split 25:75 between the accelerator and its investors. It has had applications from 56 countries: firms compete for places.

It's also selling several different versions of lightsabers that feature the glowing daggers noticeable in the movie's previews. The Pawtucket, Rhode Island-based toy maker's offerings include Furbacca, a Chewbacca version of its Furby toy.

For economist Mariana Mazzucato, who specialises in innovation, the lack of investment in Europe is a big problem. "I just don't think startups are the point," she said. "One of the big questions is actually how to get business itself to be more innovative - firms of all different sizes.

Seed and venture capital has financed young tech firms for decades. In Europe, big names include TechStars London and Startupbootcamp. Bootcamps like Rockstart offer added support, replicating a model that started in 2005 with Silicon Valley firm Y Combinator, whose 700 alumni include Dropbox, Reddit and Airbnb. Incubators have also been funded directly by multinationals such as Telefonica of Spain, Deutsche Telecom and Barclays.

Average government spending on research and development for the 28 member states of the European Union was 1. Industry in the United States invests about twice as much on research as it does in Europe. The most important need is money for research. 97 percent of GDP in 2012, behind China on 1. 98 percent and far short of America's level near 3 percent, according to OECD data.

To close the funding gap, governments are stepping in. Public cash for innovation was squeezed by the financial crisis, though Europe is beginning to spend more again: Over the next seven years Brussels will devote at least 850 million euros of its 80 billion euro innovation budget to help new and growing small firms. Around 40 percent of all venture capital in Europe comes from governments, according to the European Private Equity and Venture Capital Association (EVCA).Belgian 3D printing firm Materialise, a pioneer in 3D printing, has been around for more than two decades. The Dutch focus on manufacturing stems partly from the Netherlands' strong design culture, and the ground-breaking 3D printing community found there and in neighbouring Belgium.

"I'd be happy to sell if a big brand would come and buy my company, if they offer a very good amount of money. "I mean, we all run these companies because of a passion about a certain topic but, on the other side, we do this for business," said Osti.

NEW YORK (AP) — The release of the new Star Wars movie may still be months off, but Disney is unleashing its full marketing "Force" behind the launch of hundreds of toys and other items related to the film.

Here's how it works: If a designer in New York, say, urgently needs to deliver a prototype to Sydney, they send instructions to a 3D printer in Australia which creates the object on the spot. 3D Hubs charges a 15 percent commission on each print job; currently it handles around 10,000 prints per month for an average $10 per part.

"It's cool to be in a startup there," said Cralan Deutsch, a 44-year-old founder whose Rockstart-backed company has been ticking over for a decade but joined the incubator for a revamp and access to new contacts. "It used to be, I go to a party and I tell the girls I'm in a startup and they walk away - that's changing now.

But Van Abel says its single biggest source of funding was downpayments from individuals - mostly German - who wanted to buy its phones. Fairphone was born as part of a Dutch state-backed project; its early capital came partly from a UK government-funded incubator.

Investing around 50,000-100,000 euros ($65,000-130,000) per startup, each bootcamp - some are state-backed, some not - typically takes a small stake in promising ventures and introduces newcomers to a network of support. That's one reason why cities around the world have begun to encourage high-speed boot camps where startups pool resources such as office space, electricity and even legal help, and volunteer mentors help get things going.

The company doesn't own the more than 7,500 printers it connects - enough to collaboratively 3D print a life-size replica of the Statue of Liberty in less than a week - because they are owned by individuals and other businesses, mostly in the United States. 3D Hubs has simply created a network which others can tap into for a fee. In one such bootcamp on an Amsterdam canal this year, a freshly graduated firm called 3D Hubs has assembled what its founders call the world's biggest network of 3D printers.

The lack of finance beyond incubators means few companies grow big independently, and most end up selling. Riccardo Osti, edcationalapps CEO of a Rockstart-backed e-commerce startup which recently turned down a 200,000 euros investment offer, thinks that's fine.

8 months agoLike all young European firms, they face big financing challenges. According to Thomson Reuters data, venture capitalists invested an average of $4. 7 million in each of more than 1,600 new European firms last year. 6 million per firm in the United States, and $12. That compares with $7. Europe is the world's biggest single market, but it struggles to fund its newest firms. The Dutch startups capture many of the main differences with startups in the United States. 14 million per firm in India, $8.

The mini version created by Sphero moves much the same way. In the movie, the BB-8 is kind of like an updated version of R2-D2. It's a giant rolling sphere, with a traditional droid head that somehow manages to stay on top.

Jewellery, accessories for gadgets such as personalised iPhone cases, and homeware are most popular. It runs two factories, one in Eindhoven in the Netherlands and one in New York, that let anyone - from haute-couture designers to cat-lovers - print what they want. Shapeways is another young Dutch 3D printing firm.

While it isn't paying the stars — other than travel and expenses — it's hardly a non-partisan group of reviewers. The finale in San Francisco was hosted by Chris Pirillo, a self-described super fan who named his daughter Jedi.

Shapeways is another young Dutch 3D printing firm. Jewellery, accessories for gadgets such as personalised iPhone cases, and homeware are most popular. It runs two factories, one in Eindhoven in the Netherlands and one in New York, that let anyone - from haute-couture designers to cat-lovers - print what they want.

The company doesn't own the more than 7,500 printers it connects - enough to collaboratively 3D print a life-size replica of the Statue of Liberty in less than a week - because they are owned by individuals and other businesses, mostly in the United States. 3D Hubs has simply created a network which others can tap into for a fee. In one such bootcamp on an Amsterdam canal this year, a freshly graduated firm called 3D Hubs has assembled what its founders call the world's biggest network of 3D printers.The European Commission has said almost half a million tech vacancies may come up next year. Tech talent is in short supply. As incubators seed more ventures, they build an environment where businesses can buy others, edcationalapps innovate and grow.

CEO Peter Weijmarshausen moved the firm's headquarters to New York in 2010 to be close to its main market and attract talent and investment. It now employs 150 people and hosts around 19,000 online shops opened by its customers to sell designs they have made. As for many European startups, the biggest single obstacle is follow-on venture funding. Like others, Weijmarshausen believes 3D printing will challenge mass production.

Van Abel admits child labour and bribery are hard to avoid when dealing with mines in Democratic Republic of Congo. wants social values as part of the product proposition. "We've proved there's a market that . "We want our customers to understand they are part of the process," he said. The project wants people to think more about the way they consume things.

The company has now sold more than 41,000 phones in Europe using African minerals it certifies as "conflict free", and will begin selling in the United States in 2015. Co-founder Bas van Abel, a 37-year old Dutch artist, concedes his company is far from a panacea for the ills of mass-manufacturing, but says it is working to improve conditions for the Chinese workers who assemble the handsets.

AMSTERDAM, Sept 15 (Reuters) - Beneath the low beams of a converted warehouse in Amsterdam lives a company with many of the attributes of a Silicon Valley startup, except that at less than a year old it has zero venture capital and says it is already making enough money to sustain itself.

The event included a splashy special appearance Thursday morning on "Good Morning America," the variety news program of Disney-owned ABC. is fanning the flames of its Lucasfilm unit by making special use of the network of YouTube talent that it acquired when it bought Maker Studios for upwards of $500 million last year. It arranged for 14 Maker stars around the globe to open new merchandise in live Web videos starting Wednesday afternoon.

"If I wanted to raise 50k tomorrow I'd ask a mentor and they'd arrange an interview. "In 10 weeks I'm getting 10 years' worth of exposure," Deutsch said. Teams get a total of six months, including a trip to Silicon Valley, at the shared office.

" The bottom line, according to Garret: "business can become local again. "We're really thinking big," said Garret, 29. "We want to offer people access to 3D printing and for that to be an alternative to mass production.

"There's something easy to tap into, which is the Star Wars mystique which is some 30 years old. "It's pretty rare, but in the age of social media, you can get those characters out and create buzz around these things in ways that you couldn't in the past," Pasierb says.

To close the funding gap, governments are stepping in. Around 40 percent of all venture capital in Europe comes from governments, according to the European Private Equity and Venture Capital Association (EVCA). Public cash for innovation was squeezed by the financial crisis, though Europe is beginning to spend more again: Over the next seven years Brussels will devote at least 850 million euros of its 80 billion euro innovation budget to help new and growing small firms.

"The potential downsides relate to the negotiating ability of the startups to get a good deal with the multinationals," said Mike Wright, professor of entrepreneurship at Imperial College, London, who contributed to the report. "It could be that the startups basically get screwed because the terms of the deal are very much in the multinationals' favour.

"You should not necessarily (think) that because someone is quiet and doesn't run around and say 'look at me, aren't I awesome,' that that is a limiting factor when it comes to their ambition. "Europeans culturally are much more reserved than Americans," said Jon Bradford, managing director at TechStars, an incubator, who has helped dozens of startups in Europe from London to Moscow.

In a study published in March, the Organisation for Economic Cooperation and Development (OECD) found nearly half of all new jobs in 18 countries are created by young, growing companies. As the cost of computing has fallen, it has moved within reach of more people. The dream of starting a tech company on a few thousand dollars and turning it into billions is one of Silicon Valley's greatest exports.

So it's not so far-fetched that Disney will exceed that in the publicity-blitz filled weeks ahead of premiere of the first Star Wars movie since Episode III in 2005. Even in a non-movie year, Star Wars merchandise has consistently sold well — $2 billion annually around the world, according to Pasierb.

"I just don't think startups are the point," she said. "One of the big questions is actually how to get business itself to be more innovative - firms of all different sizes. For economist Mariana Mazzucato, who specialises in innovation, the lack of investment in Europe is a big problem.5 million euros to some account in China. 5 million ready and I pushed the button, and it went 'EHHH. "I totally panicked," he said. ' Because internet banking doesn't allow you to transfer 1. I had to do it in batches. " (Edited by Simon Robinson) "I was at home and my kids were running around .

Few, if any, of these firms will ever be Google or Facebook. But every year 100-200 in Europe are bought by rivals or much bigger firms. Most will go nowhere, neither growing nor failing but limping along. Some will make money replicating successful ideas.

One conduit for that money will be the European Investment Fund, which is mostly owned by European governments, and gives money to venture capital funds to invest in small companies. The EIF said the need for cash is obvious: More than two-thirds of the funds it has given money to since 2011 have failed to reach their target size. Investors are wary of big risks in what has been a highly fractured market.

" That's what startups do when things go wrong. The businesses focus on a simple mantra: Find a problem, propose a solution. " Another piece of jargon reflects the defining moment of many a startup's career: "pivot. Each team - Rockstart does not take on individuals - has a wall poster with neon post-it notes in boxes, some reading "high-level concept" or "unfair advantage.

The Dutch startups capture many of the main differences with startups in the United States. Europe is the world's biggest single market, but it struggles to fund its newest firms. Like all young European firms, they face big financing challenges. That compares with $7. 7 million in each of more than 1,600 new European firms last year. According to Thomson Reuters data, venture capitalists invested an average of $4. 6 million per firm in the United States, and $12. 14 million per firm in India, $8.

Average government spending on research and development for the 28 member states of the European Union was 1. 97 percent of GDP in 2012, behind China on 1. The most important need is money for research. 98 percent and far short of America's level near 3 percent, according to OECD data. Industry in the United States invests about twice as much on research as it does in Europe.

Fairphone started in 2010 as a campaign against smartphone makers' use of conflict minerals. Last year, after a series of artistic and social protests to highlight what it says are injustices in global supply chains, its founders decided to make and sell phones of their own.

In the United States the average value so far this year, at $398 million, is about 70 percent up on the 10-year average. Prices are volatile, and the number of deals is still far short of the United States, but prices have been higher for European firms.

in neuroscience and is building an e-learning business around the theory that seven minutes is the optimal attention-span. The founders are a motley bunch. Another entrepreneur wants to teach children to code through an app called Bomberbot - a play on an old Atari game, not combat drones. Deutsch, the 44-year-old now impressing women at parties, grew up in 1980s Silicon Valley, studied anthropology, and keeps a diary of his failures.

The value of those deals is often not disclosed, but where it has been, the average purchase prices have jumped, suggesting that the type of ecosystem found in California's Silicon Valley may finally be taking off in parts of Europe.

Fuhu, which makes the nabi tablet computer for kids, has created $170 Star Wars-themed accessory bundles that include a new 7-inch table. They come with sound effects, themed wallpapers and stickers designed to let kids customize their tablets.

Some are taking the principles of what's known as the sharing economy pioneered by car-poolers like Lyft or room-sharer Airbnb, and applying them to the way things are made. That could reshape not just how people produce things, but how they buy them, and even the economics of intellectual property. In the Netherlands, though, Fairphone and a handful of other firms are trying to change manufacturing. As in North America and Asia, most European tech startups focus on software.

Some are taking the principles of what's known as the sharing economy pioneered by car-poolers like Lyft or room-sharer Airbnb, and applying them to the way things are made. That could reshape not just how people produce things, but how they buy them, and even the economics of intellectual property. In the Netherlands, though, Fairphone and a handful of other firms are trying to change manufacturing. As in North America and Asia, most European tech startups focus on software.

Last year, after a series of artistic and social protests to highlight what it says are injustices in global supply chains, its founders decided to make and sell phones of their own. Fairphone started in 2010 as a campaign against smartphone makers' use of conflict minerals.

AMSTERDAM, Sept 16 (Reuters) - In the two years that Rockstart Accelerator - a private bootcamp for tech firms - has been going, it says the 20 startups it has backed have raised 15 million euros ($19 million) and created nearly 150 permanent jobs.Aby ułatwić pacjentom regularny modus snu, otrzymują oni specjale leki ułatwiające zasypianie. Ja na kaca biorę porządny kieliszek żubrówki z trawą żubrową i dobrze odchodzi każdy cierpienie głowy: D. Zupy na przykład żurek lub rosół bywają skuteczne, ale trudno je przyrządzić samemu, będąc w tak niedysponowanym stanie.

Infographics
Everyone knows these off page activities but no one will tell you about the sites where to build the links. Here are the sites Im posting it where you can go currently it handles around 10,000 prints per month for an average $10 per part.

Leaked images of action figures of characters that have not even hit the big screen — like Sarco Plank, some kind of alien desert nomad that has only been glimpsed in a Vanity Fair on-set shoot — are only likely to fuel consumer demand, says Steve Pasierb, CEO of the Toy Industry Association.

The young entrepreneurs - many bearded and in headphones - tap away quietly at laptops. A whiteboard carries graffiti mocking different founders or their companies' names. An Italian snoozes in a beanbag after lunch.

Co-founder Brian Garret, whose first invention was a 3D-printed pair of headphones with the lyrics of a favourite song in relief across the headband, said the idea is that printing capacity can work like a real-time market: When demand is high, the cost will rise.

Mazzucato's research shows large-scale funding has been essential to past breakthroughs. All the most important technologies in Apple's iPhone and iPad, for instance, were developed outside Silicon Valley and largely state funded, including a Nobel-winning breakthrough by European scientists Albert Fert and Peter Gruenberg.

A recent report by the Economist Intelligence Unit for Barclays Bank warned that the UK - far and away Europe's most successful startup hub - risked becoming "a national start-up incubator supplying foreign multinationals. They may start things, but economists say Europe needs more firms to then grow bigger independently, instead of just becoming acquisitions. Bootcamps are no panacea.

Europe's politicians would like more success stories like Fairphone. In a continent where one in five young people are out of work, governments are pumping more and more cash into startups in the hope they can goose economic growth. Exact numbers are hard to determine, but according to AngelList, a website for new companies, there are now more than 4,700 startups in Europe, www.talenttack.com compared with nearly 14,000 in the United States.

Co-founder Brian Garret, whose first invention was a 3D-printed pair of headphones with the lyrics of a favourite song in relief across the headband, said the idea is that printing capacity can work like a real-time market: When demand is high, the cost will rise.

Investors are wary of big risks in what has been a highly fractured market. The EIF said the need for cash is obvious: More than two-thirds of the funds it has given money to since 2011 have failed to reach their target size. One conduit for that money will be the European Investment Fund, which is mostly owned by European governments, and gives money to venture capital funds to invest in small companies.