06 December 2016
Visit aciworldwide.com

EC unveils accelerator to give tech start-ups helping hand

24 January 2014  |  4854 views  |  2 EU flag

The European Commission has enlisted banks, telcos and universities for a new accelerator programme designed to help tech start-ups scale and take on the giants of Silicon Valley.

Frustrated by the inability of European technology companies to become true global players in the mould of Google and Facebook, the EC has established the Startup Europe Partnership.

The partnership will seek to build bridges between Europe's start-up, corporate and investment communities to help young firms raise funds, beat language barriers, and share best practice.

In addition to the accelerator, the EC has also unveiled plans for a new think tank, dubbed the European Digital Forum, designed to give the tech scene a stronger voice.

BBVA, European Investment Bank, Telefonica, Orange, Cambridge University, IE Business School, Humboldt University, the Lisbon Council, Nesta and Mind the Bridge Foundation have all joined the programme as founding partners.

EC vice president Neelie Kroes says: "Politicians don't create jobs, entrepreneurs do. We're going to support that mindset and push European start-ups beyond their comfort zone. And then we're going to get out of the way. Sometimes the best thing a political leader can do is get out of the way."

Comments: (2)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 24 January, 2014, 09:57 There are many factors that contribute to (global) success of startups that come from the Valley. Think about it: it's mostly the Valley - not the US - phenomenon... Overall entrepreneurial spirit with big ambitions being the norm, support ecosystem (including access leading-edge IT and microelectronics companies with global pedigree), enormous pool of HR with world-class skills, SINGLE uniform huge IT-savvy open-minded market, "help another startup" collaborative culture, VCs with well-oiled PR machine that can push the message through highly influential media with global reach, expensive properties in beautiful locations (figure out the logic yourself), relaxed positive attitude to failure, etc. The list of things EU won't be able to change can go on... To have a shot, that initiative should bring Ilja Laurs onboard. IMHO.
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 27 January, 2014, 14:15

To add to the "differences" commented by Alexander... has anybody tried to track down and wade their way through the descriptions and paperwork required and associated with this European initiative?

Has anyone even managed to actually track down all of the details?

 

Unfortunately, most European initiatives seem to be weighed down by so much paperwork that it can become an excessive challenge to many start-up initiatives.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Finextra Future Money presents: How to succeed as a fintech start-up

Finextra Future Money presents: How to succeed as a fintech start-up

14 January 2014  |  8804 views  |  0 comments | 7 tweets | 1 linkedin
Barclays Bank kicks off fintech accelerator programme

Barclays Bank kicks off fintech accelerator programme

09 December 2013  |  10457 views  |  0 comments | 23 tweets | 10 linkedin
EC explores crowdfunding action

EC explores crowdfunding action

03 October 2013  |  6048 views  |  0 comments | 5 tweets | 3 linkedin
Square co-founder launches St. Louis fintech accelerator

Square co-founder launches St. Louis fintech accelerator

14 August 2013  |  6903 views  |  0 comments | 10 tweets | 3 linkedin
Level39: A place for 'grow-ups'

Level39: A place for 'grow-ups'

09 May 2013  |  8223 views  |  0 comments | 6 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out moreVisit capgemini.com

Who is commenting?

A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
6916 views 12 comments | 15 tweets | 26 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
6458 views comments | 23 tweets | 15 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
6223 views comments | 17 tweets | 21 linkedin
Amazon signs up tech firms to financial services cloud programmeAmazon signs up tech firms to financial se...
6066 views comments | 14 tweets | 15 linkedin
China tops world fintech rankingsChina tops world fintech rankings
5462 views comments | 33 tweets | 29 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job