skip to primary navigationskip to content
 

Supporting the growth and sustainability of Europe’s start-ups

last modified Feb 17, 2014 11:17 AM
ideaSpace is supporting a new initiative to boost the growth and sustainability of European start-ups by helping them compete and raise funds at a global level.
Supporting the growth and sustainability of Europe’s start-ups

Professor Sir Leszek Borysiewicz


The University of Cambridge is one of the founding members of the Startup Europe Partnership (SEP), the first pan-European open platform dedicated to helping start-ups to progress to maturity.

ideaSpace, which supports  people in Cambridge starting high-impact new ventures, is the University’s representative for the project. It will play a guiding role as a member of the steering committee as well as supporting five start-ups through the initiative.

The work programme will be promoted by the European Commission. Neelie Kroes, European Commission Vice-President responsible for Digital Agenda, said: “Europe needs thriving start-ups and global internet companies to become a global growth centre again.

“Politicians don’t create jobs, entrepreneurs do. We’re going to support that mindset and push European start-ups beyond their comfort zone.”

The SEP programme will be based on three main elements:

  • Matching: a series of same-format international events in start-up hubs across Europe will create a marketplace where selected start-ups and corporations meet to enhance investment from corporates and pave the way for potential acquisitions.
  • Mapping: a ‘map’ of the hottest European start-ups and hubs will provide international visibility for emerging companies and celebrate the successes of start-ups and spin-outs that are able to scale up.
  • Sharing: bringing together best practice on entrepreneurship and corporate venture/start-up support from leading European and international companies, such as those from Silicon Valley, will help reduce cultural divides and encourage ‘start-up cross-fertilization’.

ideaSpace and the University became involved in the initiative as a result of a visit to Cambridge by the EC policy official who is leading it in Brussels, Isidro Laso Ballesteros, as one of the Centre of Science and Policy’s Policy Fellows.

Professor Sir Leszek Borysiewicz, Vice-Chancellor of the University of Cambridge, said: “The University of Cambridge has been extremely successful in supporting spin-outs, and last year invested a record £2.3 million in seed funds to support such enterprises.

“This has helped build Europe’s most successful technology cluster, with 14 companies valued at more than $1 billion. That is why we welcome this initiative, which is key to the future economic growth of Europe.”

SEP’s other founding partners are Telefonica, Orange, BBVA, European Investment Fund (part of the European Investment Bank Group), IE Business School, the Alexander von Humboldt Institute for Internet and Society, Nesta, the UK’s innovation foundation, and Mind the Bridge, a non-profit organisation that supports a sustainable entrepreneurial ecosystem.

RSS Feed Latest news

Conferences: Get the Most Out of Your Trade Show Experience

Jul 31, 2019

Exhibiting at a conference can be an extremely effective way to meet with potential customers and generate leads, as well as build your start-ups brand presence and create a buzz. But they can be expensive and if not planned well, can waste your small company’s limited resources. Advanced and strategic planning is key to making the most of the experience. So we asked two of our founders, Vaughan Wittorff, Co-Founder & Chief Commercial Officer at PetaGene, and John Pettigrew, Founder and CEO of We Are Futureproofs, for their thoughts on how to approach an exhibition.

Celebrating World Environment Day - Polysolar’s Contribution to Saving our Planet

Jun 05, 2019

ideaSpace exists to support founders with scalable innovative ideas which could potentially address global threats like climate change. To celebrate World Environment Day we spoke to Hamish Watson, founder of ideaSpace alumni company Polysolar – a leader in the provision of solar PV glass for energy generation in buildings. He took us through Polysolar’s story, from product inception to where it is today, and shared his thoughts on the secret to the company’s success, the challenges that have shaped its growth, and some advice on crowdfunding.

View all news