MY VIEW ON UK (MAINLY LONDON) STARTUP ECOSYSTEM AND SOME

SUGGESTION FOR THE RISING ITALIAN ONE

#STARTUPITALIA

@innovandiamo 03-04-24-2014https://www.facebook.com/events/603549779729583/

SEMINARIO STARTUP - FONDERIA OXFORD 03-04-2014 King's College London STRAND CAMPUS

SUMMARY• DEFINITION OF STARTUP

• TECH STARTUP ECOSYSTEMS?

• LONDON TECH CITY (PLAYERS, CRITICAL SUCCESS FACTORS + SIDE EFFECTS, SCHEMES)

• THE NEW ITALIAN STARTUP REGULATIONS

• WHAT CAN GOV AND ITALIANS DO

@innovandiamo 03-04-24-2014

BIO

#cities #servicedesign

#innovation#opengov #startup

#failure

#LearningByDoing

@innovandiamo 03-04-24-2014

#CivicHacker

WHAT IS A STARTUP?

“A startup is an organization formed to search for a repeatable and scalable business model.” !

!Steven Blank

@innovandiamo 03-04-24-2014

TECH STARTUP ECOSYSTEM

http://startupaus.blogspot.co.uk/2013/03/fundamentals-what-is-tech-startup.html@innovandiamo 03-04-24-2014

http://venturevillage.eu/startup-genome-report-europe@innovandiamo 03-04-24-2014

http://venturevillage.eu/startup-genome-report-europe@innovandiamo 03-04-24-2014

ITALY 1975

UK 1888

RUGBY = ENTREPRENEURSHIP@innovandiamo 03-04-24-2014

@innovandiamo 03-04-24-2014

UK STARTUP ECOSYSTEM = LONDON

TECH CITY VS SILICON ROUNDABOUT

VISION

2010 “THE NEW SILICON VALLEY”

DAVID CAMERON

!

2014 “THE TECH CAPITAL OF THE WORLD”

BORIS JOHNSON @innovandiamo 03-04-24-2014

IN FAIRNESS, ACCORDING TO THE OFFICE FOR NATIONAL STATISTIC…

http://www.jelfsmallbusiness.co.uk/news/2014/02/jelfs-uk-startup-ecosystem-report-names-south-east-safest-startup-hub-in-uk/@innovandiamo 03-04-24-2014

http://www.jelfsmallbusiness.co.uk/news/2014/02/jelfs-uk-startup-ecosystem-report-names-south-east-safest-startup-hub-in-uk/@innovandiamo 03-04-24-2014

BUT LET’S GET BACK TO LONDON HUB

1300 DIGITAL COMPANIES

VS

1800 ITALIAN REGISTERED TECH STARTUPS

@innovandiamo 03-04-24-2014

TECH CITY BUDGET

http://techcitynews.com/2014/01/17/joanna-shields-stands-down-from-tech-city-uk/

@innovandiamo 03-04-24-2014

OTHER KEY PLAYERS• TECHNOLOGY STRATEGY BOARD BUDGET (CREATIVE

INDUSTRIES) 440 M (!)

• CATAPULT NETWORK ( E.G. FUTURE CITIES PROJECTS,PART OF TSB - KN)

• LONDON & PARTNERS (FDI,EVENTS, AMBASSADORS)

• NESTA (THE INNOVATION FOUNDATION, TODAY A CHARITY)

• GOOGLE (ACTING AS A FACILITATOR, HOSTING, HACKATHONS, CONFERENCES, COMPETITIONS AND OTHER EVENTS)

• VENTURE CAPITALISTS CLUSTER (E.G. BALDERTON & CO: TOTAL EUROPEAN INVESTMENT FUND 2.2 BILLION)

@innovandiamo 03-04-24-2014

CRITICAL SUCCESS FACTORS

• DIVERSITY

• PHYSICAL PROXIMITY

• HIGH LEVEL UNIVERSITIES (IN-HOUSE LABS/INCUBATORS)

• HIGH NUMBER OF INCUBATORS/ACCELERATOR PROGRAMS

• HIGH NUMBER OF MEETUPS

• CROSS POLLINATING CULTURE (MINGLING)

• MANY CORPORATE HQs

• FINANCIAL HUB (CITY+CANARY WHARF)

• POLITICAL STABILITY

• REGULATIONS FOSTERING AND PROMOTING ENTREPRENEURSHIP

@innovandiamo 03-04-24-2014

SIDE EFFECTS OF TECH CITY PROJECT

• SHOREDITCH GENTRIFICATION

• HIGHER LIVING COSTS

• SHORTAGE OF TECHNICALLY SKILLED TALENTS

• NEED FOR A MORE EXTENSIVE APPLICATION OF STARTUP VISA

@innovandiamo 03-04-24-2014

SCHEMES ITALIAN GOV SHOULD HAVE A LOOK AT

• STARTUP LOANS ( MENTORSHIP+LOANS)

• SEIS - SEED ENTERPRISE INVESTOR SCHEME (TAX RELIEF)

• STARTUP VISA (EVEN THOUGH…)

@innovandiamo 03-04-24-2014

BUT THE ITALIAN GOVERNMENT IS ON THE RIGHT TRACK

• FLEXIBLE LABOUR LAW APPLICABLE FOR THE WHOLE STARTUP CYCLE

• VARIABLE PAY DEPENDING ON COMPANY PERFORMANCE

• THE POSSIBILITY TO REMUNERATING EMPLOYEES AND CONSULTANTS WITH STOCK OPTIONS AND EQUITY

• TAX CREDIT OF 35% FOR HIRING HIGH QUALIFIED PERSONNEL

• 19-27% TAX RELIEF FOR INVESTING IN STARTUPS EQUITY

• THE FIRST WORLDWIDE REGULATION WHICH ALLOWS STARTUPS TO RAISE MONEY THROUGH EQUITY CROWDFUNDING

• PUBLIC GUARANTEE ON BANK LOANS COVERING 80% OF THE FUND

• TAILORED SUPPORT BY ITALIAN TRADE AGENCY

@innovandiamo 03-04-24-2014

BUT WHAT IS THE UNDERLINED VISION ?

@innovandiamo 03-04-24-2014

http://www.slideshare.net/MattiaCorbetta/slide-policy-startup-in-inglese-32320936

@innovandiamo 03-04-24-2014

ZOOMING IN

These new startups and incubators regulations aim to trigger economic

growth, technological development, occupation, especially with

reference to young generations, by developing a new modern

entrepreneurial culture, creating an innovation friendly ecosystem, in

order to foster social mobility and attracting foreign talents and capitals.

@CorbettaMattia, MISE (via Skype)

@innovandiamo 03-04-24-2014

WHAT THE GOV CAN DO• MINIMISING THE OLD-FASHIONED FAILURE CULTURE

• REFORMING EDUCATION SYSTEM TOWARDS ENTREPRENEURSHIP

• MORE LEARNING BY DOING, LESS DOCTRINE

• MORE HACKHATONS, LABS, LESS CONFERENCES

• A S.T.E.A.M.- CENTRED KNOWLEDGE SYSTEM

• REGULATIONS THAT STIMULATE MORE PHYSICAL PROXIMITY

• CREATING THE CONDITIONS FOR MORE DIVERSITY WHILE ENHANCING FDI

@innovandiamo 03-04-24-2014

WHAT ITALIANS PLAYERS MUST DO - A CULTURAL SHIFT

• GIVING A NEW MEANING TO THE WORD COLLABORATION (THE O.S. OF INNOVATION)

• SMEs SHOULD SUPPORT/MENTOR STARTUPS SERVICES

• SMEs SHOULD SEE STARTUPS AS WAY TO EXTEND THEIR MARKETS AND SERVICES

• ADOPTING A NEW STRUCTURED CULTURE OF FEEDBACK, OPENNESS, INCLUSION AND FAILURE

• GETTING RID OF THE SILO THINKING TOWARDS IDEAS CROSS-POLLINATION AND MINGLING (DESIGN,BUSINESS, ARTS, DEVS…)

• STRIVING FOR BUILDING A COMMON GROUND, THINKING AND ACTING AS AN INNOVATION LOBBY (TEAM SPIRIT)

• WIDENING THE HORIZONS, THINKING GLOBALLY

• PROVIDING THEMSELVES AND THEIR COMMUNITIES WITH THE RIGHT AND UP TO DATE TOOLBOX (CROWD-FUNDING, OPEN DATA, LEAN, DESIGN THINKING…)

@innovandiamo 03-04-24-2014

http://balls.ie/football/02-rugby-nerds-on-the-weekends-rugby/

@innovandiamo 03-04-24-2014

http://citizen.co.za/afp_feed_article/wounded-scots-will-be-ready-for-six-nations-battle-italy-coach-warns/

@innovandiamo 03-04-24-2014

“The more I practice, the luckier I get.” Gary Player

http://shop.archiegrand.com/stationery-gift-for-golfers--p-250-c-151.aspx@innovandiamo 03-04-24-2014

BUT MOST OF ALL BUILDING A SENSE OF POSSIBILITY

!

“The sense of possibility so necessary for success comes not just from inside us or from our parents. It comes from our time: from the particular opportunities that our place in history presents us

with.” !

― Malcolm Gladwell, Outliers: The Story of Success

@innovandiamo 03-04-24-2014

SELF-AWARENESS

@innovandiamo 03-04-24-2014 http://www.getupanddosomething.org/improve-your-happiness-with-self-awareness/

BUILDING A SENSE OF POSSIBILITY MEANS

BEING SURROUNDED BY SELF-AWARED OPTIMISTS@innovandiamo 03-04-24-2014

!!!!THANK YOU! !!LET’S KEEP IN TOUCH!!!!GMAIL: francesco.carollo!TWITTER: @INNOVANDIAMO!LINKEDIN: uk.linkedin.com/in/innovandiamo/

@innovandiamo 03-04-24-2014