In the past five years, seed-stage investing has experienced a boom. In North America, seed funds now represent 67% of all VC funds, up from 33% in 2008. The CEE region is no different: according to European Private Equity and Venture Capital Association, the number of seed deals has increased 19x over the past four years. Even considering the fact that EVCA’s data is not fully comprehensive, since many investments are not announced at all or are not made by EVCA’s members, it still illustrates my point
The fifth iteration of How To Web, Romania's top startup and entrepreneurship conference is yet again taking place in Bucharest from November the 20th through 21st. Over 70 speakers coming from four different continents will come together to talk about the Internet of Things and the evolution of hardware startups, the revolution of electronic payments brought about by crypto-currencies, the opportunities and challenges of startup financing, including crowdfunding, or how and why it is the perfect moment to start building video games.
Eleven, a Sofia-based accelerator venture fund, has a very particular mission: to help startups gain enough momentum to break free of local restraints and launch themselves into the global market. In search of new members for their startup family, it's just announced its 8th investment round.
That is right - the application phase for Deutsche Telekom’s hub:raum Krakow WARP, a turbo accelerator for CEE startups, is open till November 16th. Selected projects will receive an 8-day-long training program in Krakow, Poland, and learn how to develop, grow and sell their product in different European markets. Prizes include cash award for the best pitch, partnering with Telekom in selected countries and potential investment.
Early stage startups in the CEE looking for investments, mentoring opportunities and networking can now be a part of this year's How to Web Startup Spotlight - competition and orientation program with $20.000 cash prizes for the best 32 teams in the region. Aimed at those startups who've been running under two years and have received less than 100.000 euro in funding, Startup Spotlight is an intensive program for CEE startups that are working on tech products.
That is right – the 5th edition of IDCEE will take place on October 9-10 in Kiev. Traditionally, it will host the biggest Startup Alley in the region (150 startups) and hold Startup Competition with €30,000 total cash prize. The line-up of the anniversary conference will focus on e-health, charity, media, robotics, e-commerce and mobile applications. Social Entrepreneurship Hackathon and Tech Area will be introduced. And Netocratic will be there – moderating a panel discussion on sharing economy and reporting from the scene.
Pavel Curda, the Czech investor/mentor that was the middle of a scandal involving him pestering female entrepreneurs, has seemingly decided to help fight sexism in the Central and Eastern European startup space in a blog post on Medium. While this might sound like an article fitting for Valleywag, lets continue...
In my last post on importance of employee equity, I set myself up for an ambitious task: to explain how employee equity works and how to set up a stock options plan in Europe. This topic is so complex and robust that it is almost impossible to pack all the relevant content into a single blog post. Therefore, I have decided to use a different approach: this post will summarize the basic concepts of employee equity using already existing content available on the internet and provide some commentary and context for European startups.
This week we had opportunity to cover the announcement of airtAI, a Croatian fintech startup whose solution is based on artificial intelligence and is directed towards smaller banks that want to better assess the needs of their clients. Exclusively for Netrokracija airt’s CEO Hajdi Ćenan reveals the details.
Applications that control the operation of oil platforms and plants for the processing of derivatives are directly responsible for a safer and cleaner world, and one of the best is created largely in Croatia.