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Startupbootcamp Impact Report2018 Highlights
In 2010 Startupbootcamp was founded with a simple goal in mind: to support the world’s best innovators through all stages of their growth.
We have spent years fine-tuning our approach by supporting 700+ companies and over 200 corporate partners, testing new models to make innovation accessible to all and launching over thirty offices. We have gained an unparalleled view of the innovation landscape and have been lucky to have a front-row seat as innovation has truly gone global.
There Has Never Been a Better Time for Innovation
Startupbootcamp Quick Overview
Headquarters:London
Founded:2010
Locations:15
Description of Business:20+ accelerator programsFour Scale programs for growth-stage companies Corporate Innovation
Industry Focus Areas:Fintech and Financial Inclusion Insurtech, Smart City, Digital Health, FoodTech, IoT, Energy & Sustainability, Cybersecurity, SportsTech, Artificial Intelligence, Commerce
10 1845
117
189
281
5
13
21
ClassesInvestments
050
100
150200250300
435
44
2016
350400
450500550
559
57
28
2015 201720142013201220112010
650600
700
2018
75
709
Startupbootcamp Programs At A Glance
From 22 Industry-Focused Programs to the launch of Startupbootcamp Scale to support growth-stage companies expand internationally, raise capital and increase revenue, Startupbootcamp is evolving.
In 2018 we introduced a new model that specifically targets commercial engagements between established and later-stage businesses: SBC Colab
Startupbootcamp Industry-Focussed Accelerators
We accelerate early-stage founders through 17 industry-focused programs in key locations across the world.
1
Startupbootcamp Scale
A program targeting growth-stage companies (seed to Series B) helping them expand internationally and raise funding.
2
SBC Colab
An innovation program for mature markets, designed for established industry players to get early access to relevant growth stage companies and together to solve real business problems.
3
Which Program Is Right For You?
We launched 8 new programs, entered three new markets - San Francisco, Egypt, and Qatar and for the first time we added SportsTech as a new vertical to our portfolio
]Amsterdam (3)
London (2)
Chengdu
Melbourne (2)
Rome
Berlin
Cairo
Cape Town
Miami
Qatar
Dubai (2)
New York
Hartford
Mexico City (2)
San Francisco
Accelerator Startupbootcamp Scale Powered By
Our Global Footprint
A Look At Our Innovation Programs Applications
We organised 310 events in 2018 and visited 150 Cities in 74 Countries
We saw a dramatic increase in the number of events we produced in North and South America, as well as Africa. With the opening of three new programs in MENA this year, we expect to see quite a surge in applications, and an increase of events in the region in 2019.
USA Germany
Spain France
34 20
1215
This year we have visited a lot of African countries with over 15 events run across the continent.
In 2018 we attended over 30 international events from CES in Las Vegas to VivaTechnology in Paris where over 20 Startupbootcamp family members, programs and managing directors attended the conference to meet startups and share their views on opportunities and challenges of creating innovation in the ecosystem.
Explore More
Top Countries Visited in 2018
Our Programs are Getting More Competitive
We have received 4,200 applications (+15% since 2017) from 92 countries - 150 teams were selected to join our programs
For almost a decade Startupbootcamp has been establishing its position as a leader in innovation. For the first time Direct Traffic outranks events; this shows that we have successfully built top of mind impressions and more startup founders are familiar with the brand.
Social Media and Referrals (~33%) remain our top channels for connecting with startups and driving applications. Our events are a great way for founders to form a relationship with our staff, build valuable connections, and increase their chance of being accepted into our programs. Applicants who attend FastTrack or Office Hour events are 2.5x more likely to get into one of our programs.
Contacted by Startupbootcamp
Social Media
Search
Referrals
Referred by an Incubator
Conference/meetup/event
Blog/Publication/News
45.57%
17.47%
12.56%
12.54%
6.56%
5.29% 4.63%
20% The Of Total Number Of Applications Received In 2018 Came From African-Based Startups
In the last seven years, the United States has been the leader with the highest number of funding applications submitted, followed by India, United Kingdom, Nigeria, South Africa, Italy and Mexico. Since the launch of Startupbootcamp CapeTown in 2017, African-based candidates count as 20% of the total number of applications received in 2018.
While key European startup hubs such as Berlin, Amsterdam, and
London continue to attract international talent, the aspiration
to “go global” is also highly present among companies operating
in developed countries. In 2018, 50% of the UK based applicants
targeted one of our foreign programs.
United States
India
0 100 200 300 400 500
United Kingdom
Nigeria
South Africa
Italy
Mexico
Germany
Turkey
Israel
Higher Demand From Emerging Markets And Later Stage Startups
For the first time in 2016 more later stage startups applied to one of our programs than in previous years. Two years ago majority of applications had functional prototypes. In 2018, 50% of them joined our programs with live products, while 30% of them were generating revenue. We have also seen an ever-growing demand from emerging markets such as Africa and Mexico.
50% of startups that joined our programs in 2018 had a live product, 30% of themwere generating steady revenue
50%
While we may have become the world’s largest network of industry-focused innovation programs, this did not stop us from keep innovating and solving more problems for both our alumni companies and corporate partners.
Three out of five FinTech startups were established between 2014 and 2016 which means they are now past their infancy stage and look to scale and expand into other markets. We know that getting a startup off the ground is no easy task and scaling companies into the larger industries has also proven to be a difficult task, which is why we created Startupbootcamp Scale.
Startupbootcamp Accelerators follow a theme-based approach to tackle industry problems, allowing for deeper insights into specific sectors. For three months, the selected startups collaborate with 400+ mentors, partners, and investors to scale their industry-changing technology businesses.
Startupbootcamp Scale programs focus primarily on established players who are ready for commercial engagement with growth stage companies. The program takes over long weekends spread out over a period of six months, with regular touch points with our team. Unlike the accelerator program, teams will be required to come in for certain mandatory events, rather than be stationed at SBC full time.
Startupbootcamp Scale
How Is It Different From Our Early-Stage Innovation Programs?
What Does A Startupbootcamp Applicant Look Like - A Comparison Between Startupbootcamp Scale And
Startupbootcamp Accelerators?
50%
40%
30%
20%
10%
0%
Customer growth - revenue generating
Prototype Customer growth - non revenue
Closed alpha Public beta Idea (product not started)
Scale Accelerators
Startupbootcamp Scale Attracts Revenue Generating Companies; Startupbootcamp Accelerators Support Teams with a Functional Prototype or Closed Alpha
SaaS Is The Preferred Revenue Model For Startupbootcamp Scale; Direct Sales Remains The Most Popular Type For
Startupbootcamp Accelerators
40%
30%
20%
10%
0%
SaaS (Users pay for software, often
freemium)
Direct Sales (Consumer pays for
goods/services)
Marketplace (Transaction fee between buyers/
sellers)
Licensing (Third Party pays to provide product to customer)
Other Audience (Free to consumers, ad/lead
monetisation)
Scale Accelerators
Since 2010, corporate partners have been a fundamental part of Startupbootcamp. From digital transformation and culture change to supercharging their internal innovation strategy, we provide corporate partners with exposure to our ecosystem and access to qualified and strategically aligned early-and-growth stage startups.
In 2018, we welcomed 26 new corporations to our community of over 190 high achieving partners. Vodafone and Mastercard were among the top twelve firms named as Corporate Startup Stars 2018, while Amazon, Cisco, Google, Rabobank, and SAP qualified as ‘Open Innovation Challengers’.
The Number Of Corporate Partners Grew By 16% In 2018
Vodafone and Mastercard were among the top twelve firms named as Corporate Startup Stars 2018, while Amazon, Cisco, Google, Rabobank, and SAP qualified as ‘Open Innovation Challengers’. See the entire list of companies.
Taking Corporate-Startup Collaboration To The Next Level
Explore
We facilitated a record number of over 300 private startup-corporate sessions by matching the technology interest areas, pain points, and business objectives of our corporate partners to the specific startups we believe they will be interested in piloting, investing in, and sometimes acquiring.
40% Of Startups Per Program Secure Partnerships With Our Corporate Partners
40%
Increasingly new incumbents and established players see each other as potential partners – and less as competitors – as more startups are developing solutions at the core of the industry that can help corporations cut costs and develop new service offerings.
However, mature FinTech and InsurTech markets like New York and London, are experiencing accelerator fatigue with multiple accelerators per market, and therefore require a new engagement model. Established players have moved on from “just” wanting to meet and greet early stage startups. The focus is now on creating real projects together, and this requires growth stage companies with proven technology and business models capable of implementing solutions at scale across large organisations.
Introducing SBC Colab, An Innovation Program For Mature Markets To Solve Real Business Problems
Corporates Need Startups And Startups Need Corporates. That’s The Premise Behind SBC Colab
Created in 2017, SBC Colab is designed to equip corporates in mature markets with the capability to innovate following a theme-based approach. Together with partners, we define the theme for each cycle based on specific industry problems and opportunities to be addressed.
“There are a couple of benefits from my perspective. One is access to people who we may not have come across ordinarily through using the network that [Colab has] access to, and secondly it’s really condensing the time and effort. Historically these processes can take my colleagues and I months to get through whereas with Colab we’ve condensed it into an intense 2-3 week process.”
Senior Product Manager, Lloyds Banking Group Participated in Colab FinTech: Alternative Finance
FinTech InsurTech Transport & Energy Digital Health
FoodTech Commerce Smart Cities IoT
Powering innovation at 190 of the world’s largest corporations across multiple industries
Reaching Half a Billion Euro in Total Funding Raised by our Alumni!
Total Number of Alumni
No of exits (all time)
Total Funding Raised
Female-led businesses
727630
2722
€331M
€501M 23%30%
2017 2018
Alumni Success Stories
Figures show a snapshot of all-time total for each statistic at the end of 2017 compared with end of 2018
WePower raises $40 million for blockchain-
based green energy
Success Stories
Learn More
Relayr was acquired by Munich Re for $251.7
million
Learn More
Penta launches in Germany and raises €7
Million
Learn More
SafeGuard’s ICO valued at $12 Million
Learn More
Shruthi Rao CEO of AdaptReady named
top 50 Female Future Leaders 2018 by FT
Learn More
Citibeats was awarded the world’s best
Government & Citizen Engagement product by
the WSA 2018
Learn More
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Exclusive to Startupbootcamp members. Offers ends on 31st December 2018.
Open catalogue
DekoEko - 15% On Upcycled Fashion Items
Trakti is the first contract negotiation and management platform integrated in the blockchain. We automate your templating, negotiation and obligation management processes supporting the entire life-cycle of your contract with a unique and compliant platform. The offer gives you access to team management features and to a contract template bundle to successfully manage the first years of operation. Register to Trakti at https://www.trakti.com and contact us at [email protected] to access the deal.
Exclusive to Startupbootcamp members. Offers ends on 21st December 2018.
Sign-up Now
Trakti - Get 30% OFF On Your Next Unified Platform For Smart, Self-Executing And Compliant Contracts
Alumni Deals
Civocracy developed several praxis oriented 0.5 day to 2 days workshops based on its experiences with clients of public, private and semi-public sector on how to engage your stakeholders and how to lead purposeful change management in your company, as well as GDPR training for start-ups. To redeem the deal please email [email protected] and use subject line “SBC Christmas Discount - Workshops”.
Exclusive to Startupbootcamp members. Offers ends on 31st December 2018.
Send Request
Civocracy - 10% Discount On User-Centered Design Workshops (Max 8 People)
Frizbit is a digital marketing SaaS providing push notifications for any kind of websites. Register now to start using triggered & personalised push notifications on your website and bring your customers back!
Exclusive to Startupbootcamp members! The deal is valid for all plans and the first-time annual subscriptions. Offers ends on 21st December 2018.
Shop Now
FRIZBIT - 40% Off For Automated & Personalized Push Notifications
CityCrop is a system that automatically grows food and medicinal plants. We like to think of it as a beautiful mini fridge that stocks itself with high-quality food. It’s smartphone-controlled, so you can grow from anywhere.
The CityCrop unit also takes care of automatic nutrient dosing, ph balancing, temperature control, humidity control, and odor neutralization using a beautiful design that allows CityCrop to fit perfectly in any home.
Offer ends 31st December 2018.
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CityCrop - 33% Early Bird Discount On Regular Price Of £1499
Trackener Life is an intelligent 24/7 horse monitoring solution helping advance equine health and welfare. Worn by the horse round the clock, Trackener provides unique insights about activity, movement, sleep, anxiety, heart rate and exercise sessions on an app. By learning from each and every horse, Trackener helps detect and prevent health problems. Offer ends 31st December 2018. To redeem the deal submit the form on Trackener Life’s website and the team will get in touch with you.
Send Request
TRACKENER LIFE - Get One Month Free Trial
PredictLeads creates market intelligence maps that show you the top performing companies in any segment. Offer ends 31st December 2018. To redeem the deal please send us an email at [email protected] and use Subject Line: SBC New Year Deal - PredictLeads.
Send request
PredictLeads - 25% Discount On Market Intelligent Map
Tixguru give you the best trading experience by offering quant platform & AI robot advisor. Offer ends 30th March 2019. To redeem the deal please email us at [email protected] using the Subject line: Digital Asset Token Consult Request.
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TIXGURU - Get One Free Blockchain ERC20 Smart Contract Token [+Personalised Design]
Podaris is a platform for designing better cities. Focused on public transport infrastructure -- from buses to hyperloops -- Podaris provides powerful tools for all professions and stakeholders to work together in a collaborative online environment, greatly enhancing the speed and accuracy of transport feasibility studies.
Offer ends 30th March 2019. To redeem the deal sign up for a solo or pro account and send an email to [email protected].
Send Request
PODARIS - Get One Month Free Trial Of “Solo” Or “Professional” Account
Do you worry about sending out marketing that may not be GDPR compliant? What if you could capture and filter marketing consent in real-time, generate a custom privacy policy, and have a record of everything you do with personal data? Say hello to PORT’s dynamic solution, that quickly and easily integrates into your current systems, automatically helping you to stay compliant.
This special offer saves you 40% on your monthly subscription (usually £39 for 1000 contacts) for one year. We are also throwing in a Free Success Manager to help you get started. Free 14 days trial available!
Exclusive to Startupbootcamp Members. Offers end on 6th January 2018.
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PORT - 40% off + FREE Success Manager
Wanderfy is an introduction network to grow your business. The reason we exist is to create business opportunities for entrepreneurs and business owners while reducing their customer acquisition costs. We do it through our platform where members get easily introduced to trustworthy contacts, to their next customers and partners.
Exclusive to Startupbootcamp members. To redeem the deal email [email protected] with subject line: ”SBC Christmas Discount”. Offer ends 2nd January 2019.
Send Request
WANDERFY - 3 Months Free Trial + 50% Discount For The 1st Year
We help businesses motivate their employees to build healthy habits using our custom reward program, so that those employers can boost employee experience and attract and retain top tier talent.
Exclusive to Startupbootcamp members. Offers ends 2nd January 2018. To redeem the deal set up your free account (no credit card required) at iRewardHealth.com/start and email [email protected] to receive your discount code.
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IREWARDHEALTH - 14 Day Free Trial And 20% OFF
In 2018 and beyond, Startupbootcamp will expand from a solid EMEA core to strategically important hubs that benefit all our programs and startups. We are adding new locations to our global footprint travelling from as far west as Paris and Milan to farther east in Cairo, Taipei, and Shanghai. With this massive reach brings game changing opportunities all programs can leverage.
Looking Ahead
Expanding Our Global Reach Into New Markets
Italy
TaiwanEgypt
France
2018 has seen the strongest IPO activity since 2014; By the end of September, 173 U.S. IPOs had raised just over $45 billion, according to data from PwC. That’s almost a 50% increase compared to the same period in 2017.
This trend is also reflected in the performance of our alumni companies. To date, we have been accelerating over 700 companies and they are always making us proud, raising more funding and collaborating with our corporate partners. This year Startupbootcamp was ranked by Forbes among the top 10 accelerators with 27 exits and four ICOs - WePower ($40 million), SafeGuard ($12 million), TenX ($80m), PolicyPal ($20m).
We expect more exits to occur within the next three years and we will invest in providing serious hands-on value to the best companies in our portfolio as they scale globally.
2018 A Record-Breaking Year For IPOs And ICOs
One of our aims has always been to support gender- and ethnically diverse teams at any stages in their growth to go from ideation to startup to growth and scaling. In 2018, 30% of the teams who have gone through our programs were led by a female founder - a 7% increase than in 2017. At the end of the day, we want to invest in people, not just in their businesses. In the upcoming years, we are committed to supporting even more under-represented founders who want to make a difference in their community.
Together with OneTech, a new programme launched by Capital Enterprise and JP Morgan Chase Foundation, we have started reviewing and improving our processes to target different communities to increase the diversity of the companies we work with.
Supercharging Our Diversity Targets
We believe that it has never been easier to use digital technology to tackle some of the world’s toughest social and environmental challenges. While some are still considering the challenges and barriers, new startups are thinking ‘solutions’ to the benefit of millions of people.
This year we partnered for the first time with SAP to tackle one of the United Nations Sustainable Development Goals - Clean Water and Sanitation. We enter the new year by presenting the outcomes of this collaboration at the World Economic Forum Annual Meeting in Davos, Switzerland.
We are also thrilled to announce that in 2019 we will be running our first innovation program focused on financial inclusion in Cairo, Egypt. 67% of the Egypt population do not have a bank account while family and friends remain the key source of borrowing money with only 9% of the population relying on financial institutions.
With Startupbootcamp FinTech Cairo we aim to make financial services accessible at affordable costs to all individuals and businesses and to boost the ecosystem in the region.
Embracing “Tech for Good”
2018 was a truly exciting year, but none of this would have been possible without the startup founders, our corporate partners, and the global support received by Amazon Web Services (AWS), Cisco and HubSpot.
We would like to thank our experts, mentors, and hardworking Startupbootcamp members for making everything possible.
Happy Christmas from the Startupbootcamp family!
Startupbootcamp is a global network of innovation programs with 15 industry-specific accelerators, four Scale programs for growth-stage teams, and two Startupbootcamp Colab designed for corporate innovation to tackle real business problems. We partner with leading global brands to support the next generation of innovators. Since founding in 2010, we have worked with nearly 700 founders, 250+ global brands and facilitated hundreds of partnerships between our alumni and corporate partners.
For more information about Startupbootcamp www.startupbootcamp.org
For partnership inquiries [email protected]
Join the [email protected]/Startupbootcampwww.facebook.com/Startupbootcamp
