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  • 01:34 PM Wednesday, June 25, 2008
    Jun 25 Wed

    Brussels Sprouts II

    Phew. A long time between blogs, apologies. What's been happening?

    On 11 June in Brussels we held our European Investor Summit, attended by 170+ VC and Angel investors and top tech start-ups from over 20 countries. Some pics here.

    Keynotes from Dan'l Lewin (sharing thoughts on how we in Europe can learn from the attitude and investment behaviour in Silicon Valley) and Jan Muehlfeit (who talked passionately about how Microsoft is investing in more and more programs to encourage Entrepreneurship) were well received........as was the launch of our IP Ventures company Zignals.

    Zignals, a young start-up, announced launch of an early stage online service set to democratize online trading.The innovative online service will give retail investors access to online trading tools using the Microsoft Solver Foundation technology. Zignals will use Microsoft technology to develop investment tools of the calibre normally only associated with major financial institutions. Zignals was created through the collaboration of the Microsoft IP Ventures team, Enterprise Ireland, successful entrepreneurs, Pat Brazel and Scott Tattersall, Manresa Partners, and angel investors.

    Twenty start-ups from UK, France, Germany, Denmark, Spain, Sweden, and Russia pitched to a packed room of investors and these - along with the 45+ exhibiting companies - over the two days managed to make valuable connections and partnerships. We'll be keeping an eye on our Accelerator companies to see which start-ups innovating on our platform secure funding...

    Helping the next generation of budding entrepreneurs is really important. So this year we held a special session designed to put the student teams that were part of our Imagine Cup Innovation Accelerator initiative in front of a Dragon’s Den panel of investors.

    This was a very lively Meet the Money session moderated by the lovely June Sarpong, where five student teams from France, Sweden, Greece and Croatia pitched their ideas. And there are some really good ones! You can see interviews with the panel members here.

    In addition to our Investor Summit on 11 June, we also held the 4th Annual SME Day on 12 June. Have a look at the SME Day video here. More info on the website.

    Microsoft reinforced its commitment to fostering innovation and supporting the next generation of entrepreneurs with our newly announced partnership European Business Angels Network (EBAN) and TiE (The Indus Entrepreneurs). EBAN represents angel and early stage investment market in Europe and together with Microsoft will collaborate in the coming years to build capacity for innovative start-up companies. Under a global agreement, Microsoft and TiE will work closely in Europe: partnering to foster entrepreneurship and innovation globally by educating, mentoring and networking in UK and Nordics. Exciting times ahead....

    I'm already looking forward to the next one. We hope to replicate this in the Middle East and Asia in the coming year too.

    What else is going on? You can read about my trip to South Africa and a few other events this side of the pond in May and I promise to report back from Europe and around the World more regularly during the Summer! For the moment I am back in Brussels - via Dublin and Barcelona - to speak at an event at the European Parliament with Junior Achievement - Young Enterprise tomorrow.

  • 11:12 PM Monday, April 14, 2008
    Apr 14 Mon

    Brussels sprouts

     

    logo-eventEntrepreneurship is alive and well in Europe. I've spent the last few days in Brussels attending the Benelux Venture Forum.

    There is certainly no shortage of great technology start-ups and venture capital in the region from what I witnessed.

    Investors were various and numerous - I was on a panel with Cees-Jan Koomen from Point-One and Herman De Latte who set up Big Bang Ventures and previously Solid Ventures both of whom have invested seed capital in several of the high-growth companies. Patrick Polak from Newion moderated a lively session. 

    I also spent time with Jenny Tooth who represents GLE in London, who in turn are involved in EASY (supported by PRO INNO) and part of EBAN. Jean-Bernard Schmidt from Sofinnova and Rene Savelsburg opened the morning session discussing where they reckon the hottest investment opportunities are. 

    William Stevens from the organisers Europe Unlimited presented the latest Ernst & Young statistics - European investment is flat at just over €1bn last quarter, the #1 investment sector is Biotech and Software is #2 (then IT services/Internet at #3 and Mediatech #5).

    In terms of geo's, the UK represented 25% of the €1.2bn invested following by FR and GER. Then Switzerland, Netherlands, Sweden and Spain. Venture One stats show there were 353 deals in Q2/2002 as compared to 217 deals in Q4/07.

    Paul Webber from Europe Unlimited released the Benelux Venture top 50 companies list.

    Companies who pitched innovative propositions in the ICT track included David Schrieberg from Cinelan who have a platform for short films targeting online publishers; and online e-lending company Boober.

    Scense from Rotterdam, backed by Solid Ventures, and Mirror42 also in the Netherlands, have solutions to make enterprise investment in IT more effective. Koen from Scense - an impossibly well-educated and successful serial entrepreneur and all-round nice guy - won the award for a great presentation.

    myngleMarina Tognetti showed a new online language platform and was also selected for an award.

    Myngle will go forward for the European finals in December.

    In the mobile / social networking space we saw Teydo with Location Based Services which is useful for tracking (in the US apparently the most popular application of this technology is 'spouse tracking'), for 'buddy finding' and for other 'peace of mind' applications e.g. child safety. In the future it will have a lot more uptake by operators as the mobile platform evolves beyond navigation. iNewit also presented as did the very entertaining ex-VP of Real Networks, Marco Menato, CEO of 24access solutions.

    Cellixx launched their B2B travel application last year and already have Jumeirah and Hertz as customers. Wheras cameramanager allows you to keep an eye on things while traveling.

    On the subject of asset tracking, Ambient Systems are doing some interesting stuff in the field of active RFID (or Real Time Location Systems as it is also known). Apparently investment in this technology was accelerated after the the Pentagon realised they had a use for active tracking of stuff after the US Army lost the equipment en route to Kuwait during the second Gulf War. Fascinating day............

Claire O'Halloran
Claire joined the Emerging Business Team at Microsoft Corporation in December to focus on developing an international strategy to support start-ups and early stage companies, working with the investor community and entrepreneurship groups. Microsoft’s Local Software Economy initiative is designed to increase the contribu...

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