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Scandinavian Startups. How to accelerate locally & internationally: STING Accelerate, Startupbootcamp, Seedcamp, Le Camping, Y Combinator, Techstars
Posted March 19, 2015
on:It’s easier to start a new business with the support of experienced mentors and investment from their funds. To get assistance here start-ups can apply for time-limited programs of support from accelerators, and if win they usually get the conditions which allow creating a project that can enter the market and obtain investment. The budding entrepreneurs are provided with office, mentors and a small investment during 3-6 months.
At Altabel Group being focused on working with the Scandinavian companies, including start-ups, we’ve noticed that recently there has been increased interest and efforts to creating efficient environment and conditions for start-ups development. Local accelerators as one of the prerequisites for this are perhaps not so much mature as global leaders like Seedcamp, Y Combinator, Techstars, etc, still are worth considering since they focus on Nordic companies. To name a few: STING Accelerate, Startupbootcamp, which are rather large and well-know, and Startup Sauna, Nestholma Accelerator, that are smaller. Let’s talk about them a little bit more.
Scandinavian accelerators
STING Accelerate (www.stockholminnovation.com)
Where: Stockholm, Sweden
Acceptance of applications: twice a year, 7-8 startups are selected in each session
Duration: 4 months
Statistics: over 200 startups funded, 45,000,000 SEK in total exits, over 535,000,000 SEK in total funding raised
Conditions of participation: investment of 250,000 SEK (roughly 29,600 USD) comes in the form of a convertible note that can be repaid in three years with 6% interest or converted into equity when the startup can issue shares valued at least 1 million SEK to new investors.
Founded in 2002, STING coaches Stockholm startups dealing with internet, media, cleantech and life sciences. It evaluates about 150 to 200 projects annually, but accepts about 20 to participate in its programs such as STING Accelerate and STING Excelerate, which is a less intensive acceleration program. STING Excelerate provides startups with a personal business coach who visits the company at least a half a day per week for 6-18 months to help the company grow.
The received investment at STING Accelerate will help startups to focus more on developing their product and less on raising funds. The program runs in the center of Stockholm at the co-working space SUP46, and selected companies are offered free office space there throughout the program.
Before STING used to accept only Swedish startups, but now it accepts international startups and offer housing in apartments (at self-cost).
Startupbootcamp (www.startupbootcamp.org)
Where: Copenhagen (Denmark) and others (Istanbul (Turkey), Haifa (Israel), London (UK), Amsterdam, Eindhoven (Netherlands), Berlin (Germany))
Acceptance of applications: several times during the year, 10 startup are selected
Duration: 3 months
Statistics: 9 accelerator programs, 130 companies funded, 2 exits, 20,209,661 USD in total funding raised
Conditions of participation: 15,000 EUR in financing for 8% equity.
Founded in 2010, Startupbootcamp created an international network from eight accelerators. Accelerator selects projects from different countries; startups should be able to move to one of the cities of the program. Each startup team will receive 15,000 EUR and other benefits in the amount of 450,000 EUR. Mentors and experts will work with projects during 3 months. In the end startups will be able to present themselves to funds and business angels.
Some programs accept applications from startups of any fields, the others – just from certain areas: media, transport, energy and others. Startupbootcamp accepts applications from startup teams and individual entrepreneurs as well.
Accelerators abroad
In case you didn’t manage to meet deadlines in your home country in Scandinavia, or accelerators abroad seem to be more attractive and suitable for your startup idea, you are welcome to search for international accelerators across Europe or America for funding your startup business. There are few programs, which Altabel considers to be the most interesting ones on the international scene.
Seedcamp (www.seedcamp.com)
Where: London (United Kingdom)
Acceptance of applications: monthly, 2-3 startups are chosen
Duration: 1 week
Statistics: 118 startups funded, 7 exits, 17,000,000 USD in total exits, 131,189,940 USD in total funding raised
Conditions of participation: 50,000 EUR in financing for 8-10% equity.
The largest accelerator in Europe founded in 2007 in London by famous venture capitalist Reshma Sohoni with the support of the British venture capital funds. The company’s portfolio consists of more than a hundred startups from European countries.
Twenty selected startup teams undergo an extensive training during the week, and then present their ideas to investors. Two or three startups receive funding afterwards. In addition to investments in the amount of 50,000 EUR, startups receive a number of possibilities. They can attend a course Seedcamp Academy, during which they are expected to learn a successful way of bringing the project to the market. In addition, teams will be given the opportunity to work in the London office of Google Campus and visit the United States in the educational tour.
Le Camping (www.lecamping.org)
Where: Paris, France
Acceptance of applications: once a year, 12 startups are selected
Duration: 6 months
Statistics: 48 startups funded, 2 exits, 10,000,000 USD in total exits, 9,955,000 USD in total funding raised
Conditions of participation: up to 20,000 EUR in financing for 3% equity, 1,000 EUR – grant for international startups.
Le Camping is a program launched by Silicon Sentier, a well-known organization that brings together innovative companies and entrepreneurs in the web and mobility space. Open to all types of entrepreneurs: entrepreneurs, intrapreneurs, non-profits; early-stage startups; international teams and exchange programs; late-stage startups. The Accelerator offers 6-month program with an acceleration phase followed by a special growth phase. 140 mentors will come together to support, advise, critique and ultimately position the startups to write their own success story.
The 12 selected startups will enter an intensive program in Numa – Parisian web entrepreneurship eco-system. 3 months of acceleration are given to go from an idea to demo, then 1 month to meet investors all around Europe. On a Demo Day, at the end of the first 3 months the startup teams will meet around 500 international investors. A financial grant offered by its partners 4,500 EUR is provided to each team participating in Le Camping, without any equity engagement in the startups.
Y Combinator (www.ycombinator.com)
Where: Mountain View, CA, USA
Acceptance of applications: twice a year, spring and autumn, 68 startups are selected in each session
Duration: 3 months: January- May, July-August
Statistics: 747 startups funded, 89 exits, 2,283,808,100 USD in total exits, 4,042,698,709 USD in total funding raised
Conditions of participation: 120,000 USD in financing for 7% equity.
The first accelerator in the USA, founded in 2005 by entrepreneur Paul Graham. During its existence Y Combinator has funded more than 700 startups. According to the founder’s comment, the average estimation of these startups is 22.4 million USD. Scribd, Dropbox and Airbnb – the largest and the most successful companies in Y Combinator’ portfolio.
Selected startup’ teams are invited to Silicon Valley for three months. The program consists of weekly lunches with experts, investors and other entrepreneurs. The course ends with Demo Day, where startups show their results.
Techstars (www.techstars.com)
Where: New York, Austin, Boston, Chicago, Seattle, Boulder (USA), London (UK)
Acceptance of applications: once a year, 10 startups are selected in the chosen city
Duration: 3,5 months
Statistics: 19 accelerator programs, 502 companies funded, 44 exits, 176,000,000 USD in total exits, 1,148,300,000 USD in total funding raised
Conditions of participation: 18,000 USD in financing for 6% equity and also an opportunity to get a convertible loan in the amount of 51,000 – 100,000 USD.
Founded in 2007 by investors David Cohen and Brad Feld, Techstarts is considered to be the second popular after Y Combinator. Accepts applications from early-stage and late-stage startup’ teams consisting of at least two people. A team of experts works with startups for 3,5 months, and then Demo Day is arranged. The accelerator offers a space for work in each city, as well as additional services necessary for the operation of the company at the initial stage.
Conclusion
Choosing an accelerator depends entirely on your business needs and what you want out of the experience. Some accelerators have themes or focus on certain business sectors such as education, healthcare, or finance. Some are harder to get into as the most popular accelerators are bombarded with applications, making it difficult to get noticed in a sea of startups.
Is anybody planning to apply for one of the programs mentioned above? Have you/your company been through an accelerator? What advice would you give founders who are considering applying to one? That would be interesting to read the comments about real experience from participants, feel free to share your ideas about it.
Svetlana Pozdnyakova svetlana.pozdnyakova@altabel.com Skype ID: Svetlana.pozdnyakova Business Development Manager (LI page) Altabel Group – Professional Software Development |
- In: Cloud | Microsoft
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Microsoft Azure (called Windows Azure before 25 March 2014) is a cloud computing platform and infrastructure, created by Microsoft, for building, deploying and managing applications and services through a global network of Microsoft-managed data centers. It is a growing collection of integrated services – compute, storage, data, networking and app.
It provides both PaaS and IaaS services, which for the general public means a powerful combination of managed and unmanaged services. These services let you build, deploy and manage applications any way you like. Its hybrid cloud solution allows you to store data, backup, recover and build applications in your data center and the public cloud.
With cloud and hybrid services expected to reach US$108 billion by 2017, demand for Microsoft’s cloud products including Microsoft Azure is booming. For now:
- 57% of Fortune 500 companies are using Microsoft Azure
- It welcomes 1,000 new customers per day
- Currently 1.2 million businesses and organizations use Microsoft Azure Active Directory
- Microsoft Azure gains two times the compute and storage capacity every 6-9 months
What benefits do companies gain from using Microsoft Azure?
Using a cloud computing platform service like Microsoft Azure provides companies with a number of benefits apart from premium storage space and high-performance. The business benefits include:
- Efficiency – Azure Solutions and Services are known for delivering better-quality products as well as high operational efficiency because of reduced capital costs. Customers and partners can truly realize a huge reduction in total cost of operations and reduced workloads in a small time period.
- Increased scalability to match demand – as your customer base grows and the usage of your application increases you can just add additional capacity to make sure your application is running smoothly. You don’t have to worry about running out of server capacity.
- More flexibility and creativity – applications can very quickly be deployed to the Microsoft Azure platform which means that changes can be applied without any downtime. This makes it an ideal platform for your developers to add functionality to your application.
- Agility – developers would find a host of development tools to take benefit, including automated service management and improved data center presence internationally to reply faster to diverse customer needs.
- Simplicity – Azure makes use of prevailing development skills in familiar languages such as .Net and even open source languages like Java and PHP to produce and manage applications and services.
- Trustworthiness – Windows Azure delivers enterprise-class service with consistent service level agreements based on Microsoft’s unbelievable service experience.
Among Azure customers are such companies as HEINEKEN, GE Healthcare, Temenos, Zespri International, 3M, Skanska USA, Xerox, Diebold which speaks for itself :)
What position does Microsoft Azure takes up in public cloud?
According to Rightscale releases 2015 state of the cloud report Azure is progressing among enterprises, while Amazon Web Services (AWS) continues to dominate in public cloud with 57 percent of technical professionals saying that they run applications on AWS. That’s up from 54 percent a year earlier.
By comparison, Microsoft Azure’s cloud platform and infrastructure posted a combined score of 19 percent. But Microsoft is making gains, posting a 6 point jump in the number of tech professionals using its cloud infrastructure.
Google’s Cloud Platform offerings came in behind Azure, with 8 percent of survey respondents using Google App Engine, and only 5 percent using Google’s infrastructure products.
Microsoft has put huge amount of work towards marketing Azure to large enterprises, so it’s not surprising to see that large businesses are Microsoft’s core customers. There’s also room for that business to grow: a majority of enterprise users responding to the survey said that less than 20 percent of their company’s app portfolio is in the cloud.
What do you think of Microsoft Azure? What future do you predict for it? Thank you for sharing your thoughts :)
Yuliya Tolkach Yulia.Tolkach@altabel.com Skype ID: yuliya_tolkach Business Development Manager (LI page) Altabel Group – Professional Software Development |
The use of health apps has skyrocketed in 2014. Flurry, a mobile analytics company, has followed over 6,800 health and fitness-related apps, and sees a growth of 62% based on measurements of the number of times the app is opened and used. Overall growth rate apps otherwise is 33%.
By 2017 the app market is predicted to reach 26 billion users. Among its key drivers is the world’s aging population with its increasing need for medical care. In the United States alone, Tighe notes, almost 20 percent of Americans will be older than 65 by 2030, making them more vulnerable to Alzheimer’s, cardiovascular disease, and other age-associated conditions. This changing landscape is forcing to create new ways to monitor people health and provide assistance with making health wise choices. And here mobile medical apps have already proved efficient and thus are gaining more and more popularity.
This boom has been also supported by most global IT corporations such as Google, Apple, Microsoft and Facebook. So here are some recent actions in that area showing that these companies treat this market segment really seriously:
- Google recently launched Google Fit and directed towards more consumers within training and nutrition.
- Apple has partnered with the company Epic. Since Epic handles over 51% of the medical records in the US, it gives Apple a very solid position in healthcare sector. Apple has, in iOS8, also included a personal health platform, HealthKit, which integrates other applications and gathers information for the user will appear in Apple Health app.
- Microsoft invests in a separate solution and will with Microsoft Health Vault offer a platform where people can gather, store, share and use health data online.
- Facebook has integrated MapMyFitness so friends can cheer on each other, share results and compete against each other. This has also contributed to the large increase in the use of health and Fitness app, where distribution is large via the social networking channel.
There is even an opinion that the increased use of health and fitness apps will destroy the market for wearables. It’s hard for them to compete with mobile apps, as the number of smartphone users is really big. So when the software is already integrated into smartphones they automatically become efficient devices for collecting health data. To put it short, the benefits of using mobile apps to wearable medical-devices include 1/ cost savings because there is no need to develop a completely new device, 2/ enhancing existing platforms by adding more sophisticated sensing and data capabilities, 3/ using an interface that consumers know well and is already part of their everyday life.
Healthcare IT outsourcing
Health apps are built up not only by global IT companies, but also by healthcare providers to be used by doctors, specialists and by patients, of course. And here healthcare organizations increasingly take over the idea that IT outsourcing can help them bring their apps faster to the market while they could focus on their core activities.
This tendency has also been stimulated by changing government regulations concerning hospitals and clinics in lots of countries. And while some organizations are broadly outsourcing a mobile applications development, others are handing out the responsibility of IT management and overseeing their entire IT infrastructure.
The global healthcare IT outsourcing market is growing continuously. According to an article by Nearshore Americas, a recent study made by the Everest group states that the global healthcare IT outsourcing market is increasing at a compound annual growth rate of 12%. This gives us an insight on how much demand healthcare institutions now place on IT outsourcing services. According to TechNavio IT outsourcing in the global healthcare and life sciences sector is expected to increase at a compound annual growth rate of 8.6% through 2019.
Among the trends to watch besides going mobile, there is hosting on the cloud by health-related organizations to make their operations safer, using analytics-as-a-service technologies due to growing interest in Big Data, etc. Therefore 70% of healthcare organizations worldwide are expected to invest in consumer-facing mobile applications, wearables, remote health monitoring, and virtual care.
So the world has been ready for a while to embrace healthcare apps and demand for them is not going to slow down any time soon. Among the top medical apps they call CDC Vaccine Schedules, Family Practice Notebook, ASCVD Risk Estimator, etc.
What health-related apps have you tried and which ones do you use daily? Thank you for sharing!
Aliona Kavalevich Aliona.Kavalevich@altabel.com Skype ID: aliona_kavalevich Business Development Manager (LI page) Altabel Group – Professional Software Development |
- In: Apple | Internet Browsers | Node.js | Windows
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Nowadays there are a lot of browsers that users can choose starting with the old standby Internet Explorer and ending with the newer Chrome and Firefox browsers. If none of those browsers is really your cup of tea, you could try a new one. The “novice” is called Vivaldi and it comes from a team that includes the сo-founder and former CEO of Opera John von Tetzchner.
If you used Opera in the past, you might find that Vivaldi feels rather familiar. The overall look of Vivaldi is a mix of a classic browser UI and the more modern interpretations in browsers like Chrome and Microsoft’s upcoming Spartan.
Vivaldi is filled with awesome features. Here are some of the things you might like when you check out this browser:
- UI
Vivaldi looks good. The first thing you’ll probably notice is that tabs and menus change colour based on the dominant pallete of your active page. This chameleon effect looks fresh, but it can be turned off if it doesn’t suit your tastes.
- Speed Dial
Another great thing that everyone loved about Opera was the Speed Dial feature, and that’s also present in Vivaldi. It allows you to organize websites based on your interests all on one page; e.g. News, Sports, Health, Tech.
- Tab Stack
Open too many websites at once? Couldn’t find what you wanted under all those excessive tabs? Tab stack helps you to group tabs into themed groups allowing you to maximize tabbed resources without needing to scroll left and right.
- Quick Command
Vivaldi features quick commands for easy navigation, allowing users to create custom keyboard shortcuts as well. Whether you’re searching through its various settings, from bookmark panel to download panel, a single keyboard shortcut can do the trick. More geek stuff happens when you go straight to settings then click Navigation to customize the shortcuts.
- Notes
With this function you can easily jot down what’s on your mind while browsing. Notes automatically remember which site you were “looking at” and allow you to add tags for future reference.
Vivaldi has a powerful feature set, but that’s not all. One of the things that makes Vivaldi unique is that it’s built on modern Web technologies. It uses JavaScript and React to create the user interface with the help of Node.js, Browserify and a long list of NPM modules. Vivaldi is the web built with the web.
Right now, the browser is only a technical preview, but there are big plans for Vivaldi in the future. In the coming months, there are plans to add sync, mail support, better performance and extensions. Tatsuki said that Vivaldi will be shaped by the community for the most part, so the feature set will be guided by user demand.
You can download and install Vivaldi on Apple’s Mac, MS Windows and Linux from the web site: https://vivaldi.com/
Can Vivaldi succeed against Chrome, Safari, Firefox, and even Opera? Have you tried the new web browser? Please, share with us your thoughts and experience here below.
Katerina Kviatkovskaya Kate.Kviatkovskaya@altabel.com Skype ID: kate.kviatkovskaya Business Development Manager (LI page) Altabel Group – Professional Software Development |
If you’re looking for Android automation that isn’t as challenging as Tasker, find bellow the ideal solution :)
Tasker is the de facto standard for Android automation. The only caveat with Tasker is its rather steep learning curve. For anyone wishing to add automation to their Android device, Tasker is the app to use — if you have time to invest in learning the ins and out of the app (the end result is worth it). If you don’t have time to spend diving into that which is Tasker, there are other apps that make automation easier. One such app is MacroDroid. Although it doesn’t have the impressive abilities of Tasker, it can make automation an option for those less than Android adept.
You’ll find only one version of the app on the Google Play Store — the free version. This version is limited to only five macros, with a few actions and constraints per macro. With an in-app purchase, you can gain access to the Pro version and unlimited macros (with unlimited actions and constraints per macro) for $2.99 (USD).
Let’s install MacroDroid and see how you can make it a part of your daily Android life.
Installation
Installing MacroDroid is quite easy. Just follow these simple steps:
- Open the Google Play Store on your Android device
- Search for MacroDroid
- Locate and tap the entry by Arlosoft
- Tap Install
- Read the permissions listing carefully
- If the permissions listing is acceptable, tap Accept
Once the installation is complete, you’ll find the launcher in your app drawer or on your home screen (or both). Tap the launcher, accept the license, and you’re ready to automate.
Usage
The MacroDroid home page (Figure A) is perfectly designed to make it easy for any level of user to get started.
Figure A
MacroDroid running on a Verizon-branded Droid Turbo.
The first thing you might want to take a look at is the templates. From within this listing (Figure B), you can get an idea of what MacroDroid is capable of (you can even edit specific templates).
Figure B
The template section offers plenty of pre-fab automation macros.
Each automation macro is broken down into three categories:
- Trigger — what causes the action to occur
- Action — what the automated task actually does
- Constraint — add an option that must be present before the action can occur
To add a new macro, tap the Add Macro button on the main window. Let’s create a macro that sets the phone to silent when you arrive at work (Note: The details of creating each macro will vary). The first step is to select your trigger (Figure C).
Figure C
Selecting a trigger for your macro.
Search through the list and tap Location Trigger. You’ll then be prompted to select from Area Entered or Area Existed. Select Area Entered and tap OK. Next, you have locate the area on the map. You can tap the radar button at the top to select your current location. Tap the check when finished. (Note: You can’t enter an address, so you must manually find the location on the map.)
Now, select the Action from the list. For our silent mode macro, locate and tap Set Volume. From the pop-up (Figure D), you can adjust the volume for alarms, music, notification, ringer, system sounds, voice calls, and Bluetooth voice. Adjust the volume to fit your needs, and tap OK.
Figure D
Setting the volume to silent for when you enter work.
You can add more actions for the trigger (for this example, we only need the one). Tap the right-pointing arrow to move to constraints. For this particular action, we do not need any constraints (Figure E), so tap the right-pointing arrow at the top right of the window.
Figure E
Adding a constraint to a macro.
The last step is to give your macro a name and tap OK. The macro is now in place and will immediately start working.
That’s really the basic in and out of using MacroDroid. If you want to dig a bit deeper, you can also create variables for your macros. You can create boolean, integer, and string variables that can then be used in the Actions category (for example, to help you count how many SMS messages you receive from a single contact during a day). To create a variable, tap Settings (from within the MacroDroid main window) and then tap Edit MacroDroid Variables. Tap the plus sign [+], give your variable a name, and select the type from the Type drop-down (Figure F).
Figure F
Creating a variable.
Once the variable is created, you can edit it (say you need to change the integer from 0, which is the default, to 1). After the variable is created, you can then use the variable as an action by selecting Set MacroDroid Variable (within the Add Actions screen) and choosing your newly created variable from the list (Figure G).
Figure G
Setting a variable as an action.
Depending on the type of variable, you can define how the variable is to be used (such as Value + 1 for an integer).
Although MacroDroid isn’t as powerful as Tasker, if you want to enjoy automation on your device (and don’t want to have to endure the steeper learning curve of Tasker), this is your app. Give it a try, and see if it doesn’t perfectly fit the bill for your Android automation needs.
Do you automate your Android — or do you prefer everything to be under your specific control? What type of mobile user are you? Let us know in the discussion thread below.
Original here
Romanas Lauks Romanas.Lauks@altabel.com Skype ID: romanas_lauks Marketing Manager (LI page) Altabel Group – Professional Software Development |