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