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After three months of training, mentoring and hard work the Innovation Labs 2.0 graduates from Bucharest and Cluj are ready to take the stage, where they will try to convince the audience with their final pitch in search of angel investors, users or just admirers. On the 19th of May our startups will get their first Demo Day experience and put their knowledge and training to the test in front of over 200 people, which include their peers, influencers from the industry, and potential partners.

The startups met with over 50 mentors, during the 8 workshop sessions, 10 tech talks with leaders from the IT industry and one high profile pitching event, the Boost Day. They learned from some, argued with others, but in the end their understanding of the market and the product grew and with it their businesses as well.

innovation-labs-20-bucharest-cluj-demo-day

The event will take place at the Howard Johnson Grand Plaza on 19 of May 2014, and each of the teams will have 4 minutes to convince the jury:
Julien Ducarroz (Chief Commercial Officer Orange Romania),
Oana Viciu (Senior Marketing Manager Microsoft Romania),
Calin Fusu (CEO Neogen),
Cristian Udrescu (Business Advisor Trend Consult Group),
Alexandru Lapusan (Founder Zitec),
Cristian Olarasu (Founder Early),
Raluca Georgescu (Co-Organizer GPeC),
Teo Ceausu (CEO IXIA)
– and Vladimir Oane (Co-Founder UberVU)

The awards are for: Best Pitch, Best Product and Best Business.

The teams that will pitch for the Demo Day are:
1. MyPlace
2. PillBuzz
3. Engineers4Cluj
4. Plexis
5. CookPal
6. OpenMind
7. eHonk
8. Wabbit
9. MusicMaster
10. PackSender
11. Xetten
12. Joblink
13. LifeBox
14. Nivalis
15. Agrobid
16. Uprise
17. Exhale
18. SpotTune
19. TrafficVoice

Check out Innovation Labs website for more information about this event.

May 19, 2014 |

style jukebox-logoIn short, the Romanian startup Style Jukebox (profiled also here on Romanian Startups) is now part of LAUNCHub portfolio.Congratulations to the team!

Style Jukebox is a cross-platform, mobile and desktop app, for music storage and streaming solution that automatically synchronizes music and playlists and offers the easiest way to play music, both online or offline.

The LAUNCHub Seed Fund (Bulgaria) announced today, 5/7/2014, six new investments finalized late in April 2014, thus welcoming these six new companies on board. The latest investment decision followed the dedicated selection run launched earlier in February 2014.

With the new six teams on board, LAUNCHub’s investments now span the European map across Southeastern Europe. The portfolio has now increased to 41 companies in 7 countries in Europe – Bulgaria, Macedonia, Romania, Croatia, Greece, Slovenia and Ukraine. Throughout its two years in operations the LAUNCHub Seed Fund has invested over 3 million Euros in the digital tech sector in the SEE region. In the same time, the Fund has attracted more than 3 million Euro of co-investment funds for its portfolio companies, seeing through two Series A rounds and participating in joint rounds some ranging up to 400K Euro.

The newcomers on board include Bulgarian teams AdTapsy, Clusterize, CM2W and Zeduki, Slovenian Enolyse and Romanian Style Jukebox. With the latest investments finalized, over 120 founders have now become members of the LAUNCHub family with opportunities for collaborating together in reaching new dimensions in business and technology.

And there is yet more hot news coming from LAUNCHub. The 9 million Euro Seed Fund is partnering with Digitalk and Mini Seedcamp for an incredible digital marathon in the end of May in Sofia.

Mini Seedcamp Sofia will take place on May 29, 2014 and is an excellent opportunity for startups to network and get immediate valuable feedback from leading experts. The best three teams will get the unique chance to pitch on the mainstage at DigitalK.
Mini Seedcamp Sofia will be organized for a second consecutive year as part of the strategic partnership between LAUNCHub and Seedcamp, Europe’s leading micro-seed investor and mentoring programme. Please apply via AngelList or f6s before May 14, 2014 (apply here).

launchub-logoLAUNCHub is also one of the main organizers of the DigitalK Conference, a leading two-day technology event in SEE. The digital-tech event is coming up on May 29 and 30 in Sofia, Bulgaria and this year will bring together 900+ startup founders, investors, entrepreneurs, business leaders, featuring a distinguished guestlist of keynote speakers, brought to you with the special contribution of LAUNCHub.

And last, but not least, LAUNCHub is up for new applications and a new dedicated selection run is scheduled to open on May 12, 2014. Check the LAUNCHub website and social media channels.

RomanianStartups.com is partners with LAUNCHub (Bulgaria), which is a seed fund supporting the most promising entrepreneurs and digital startups in Southern and Eastern Europe..

May 7, 2014 |

european-commission-tech-startupsThe European Commission is looking for Europe’s best startups in this year’s Tech All Stars competition. The lucky winners will have exclusive access to Europe’s most prestigious startup events and will pitch to the likes of Sir Richard Branson, Chad Hurley and Niklas Zennström.

European Commission Vice President @NeelieKroesEU said “Part of businesses success is making the right connections and the European Commission can help open doors. Finalists will get connected to EU funding sources, successful entrepreneurs and other influential people.

The competition is open to EU registered startups younger than 3 years, which have raised less than €1 million in external funding. Applications are open until May 22nd 2014.

Tech All Stars Competition

  • 10th-11th June 2014. Over two days, 12 finalists get to know London’s vibrant startup scene, connect, learn and get inspired by successful entrepreneurs. Finalists will be trained and challenged in an eliminatory pitch battle and a distinguished selection panel will chose the top three.
  • June 12th Founders Forum London. Top three finalists pitch their startup to a world-class audience of tech leaders and investors. The best European startup will be elected, and the winner will be announced by Neelie Kroes
  • Summer 2014. The Grand Tech All Stars Winner will be panellist at the European Commission’s Digital Agenda Assembly again rubbing shoulders with the movers and shakers of the tech world.

Previous Tech All Star Winners include Irish company Trustev which offers real time, online verification using social fingerprinting technology (see MEMO/13/557) and Cognicor a Spanish start-up offering an automated complaint resolution service (see MEMO/12/472).

StatupEurope is the European Commission action plan to strengthen the business environment for web and ICT entrepreneurs in Europe and contributing to innovation, growth and jobs. It is a Digital Agenda initiative supported by @NeelieKroesEU to help innovative tech companies start in Europe and stay in Europe.

Find out more here
techallstars.eu @TechAllStars
@StartUpEU, #StartUpEurope
About Startup Europe
Neelie Kroes’ website

Contacts
Email: comm-kroes@ec.europa.eu Tel: +32.229.57361 Twitter: @RyanHeathEU

Read the press release here.

April 19, 2014 |

business-days-logoOn the 2nd and 3rd of April 2014, in Timisoara will take place the starting event of the 2014 Business Days series, which is the most important platform fully dedicated to provide support for the Romanian entrepreneurial environment. Business Days returns to Timisoara for the third time (http://timisoara2014.businessdays.ro) and brings along the already traditional event format with plenty of novelties, also international speakers – experts in the very recent domains of the business world. Timisoara Business Days will be hosted by Centrul de Evenimente Hotel Club Senator & Expovest (the Events Center at Hotel Club Senator & Expovest).

 

The anniversary edition of this 4 year old Romanian business event with the biggest impact will incorporate, among many others the following:
– 4 conferences (a total of 44 inspirational presentations),
– 16 workshops with more than 50 experts, consultants, entrepreneurs, managers, professional trainers and moderators who will assist the participants in their development of managerial and entrepreneurial abilities within the frame created by the interactive sessions and exchange of experiences,
– 4 round tables (with debates focused on some hot topics with huge direct impact in the Romanian business environment, involving more than 48 prestigious guests from various fields).
One of the novelties brought by the present edition is a special workshop dedicated to leaders, held by the famous conductor and neuroscience expert, maestro Giorgio Fabbri, dedicated to a new kind of intelligence for an innovative leadership.

One of the events will be dedicated to the technology entrepreneurship having speakers like Radu Georgescu, Andrei Pitis, Radu Ticiu, Horatiu Moldovan and Daniel Giurea.

Read More…

March 21, 2014 |

Innovation Labs 2.0, the first pre-acceleration program in Romania organized by TechLounge with the support of Orange and Microsoft is open once again for business.
Students and young professionals passionate about entrepreneurship and technology can register for the hackathons that open the program by completing the registration form available online at http://2014.innovationlabs.ro/register

Innovation Labs 2.0 is a pre-acceleration program targeting the youth that want to build their own technology startups. The program starts with two 24 hours hackathons that will take place in Bucharest on March 1st and in Cluj on March 8.

Each hackathon starts with a pitching sessions where the attendees have 1 minute to convince the audience. The teams are then formed around the most appreciated projects. For the next 24 hours the participants will work to develop their business concept and their minimum viable product. Their efforts will be supported by mentors: entrepreneurs, professionals and industry leaders. In the end the teams will pitch their projects in front of a jury and the best 26 projects (16 in Bucharest and 10 in Cluj) will enter the pre-acceleration program.

innovation-labs20-poster

In between March 4 – May 15, the Innovation Labs 2.0 teams will continue to develop their own startups by working with well-known entrepreneurs, specialists and industry leaders. They will attend TechTalks, open discussions with experts in different areas, and they will participate in mentoring sessions aimed at helping them solve the problems they face and turn their ideas into viable startups.

Read More…

February 20, 2014 |

startcelerate cluj-logoYoung entrepreneurs from Cluj-Napoca (Romania) who wants to open a business in the Information technology field (that includes the Internet) will have a unique chance to participate at “Startcelerate” platform launch which will premiere on 17 of May this year (this will be a pilot program, before launching internationally).

Startcelerate was established in London by two Romanians: Tudor Bîrlea and Gabriel Dombri.

“So far, young entrepreneurs had to raise cash or to find partners to sustain them financially somehow (think family and friends). Not an easy task to accomplish. Startcelerate wants to provide an alternative, different that the traditional ones. The IT companies can invest resources like services of teams of programmers, for example, who are working for these IT companies. This kind of investment is treated as a cash investment and those IT companies take a percentage of these new startups.”, says Tudor Bîrlea.

The event in Cluj-Napoca will take place between 17-18 of May at the co-working space ClujHub.

Among the speaker will be:

  • Eusebiu Burcas / Burcash: Startup finance managmenent
  • William Lorentz / Kwanji: How to start a startup in the European context
  • Florin Parlea / Gemini Foundry: How to invest in a startup
  • Emil Tamas / Mocqups: How to build an international startup in Cluj-Napoca
  • Ovidiu Matan / Today Software Magazine: The importance of a tech ecosystem

More Startcelerate events will follow in Bucharest, London, Tel-Aviv.
The international launch will be in September this year.

What is Startcelerate

Startcelerate is set up as a platform for alternative investments in startups, where software companies (initially) can use their internal resources to provide solutions for startups in exchange of equity. From their side, this means that startups can access directly a whole range of development resources, in such a way that all the usual issues from the classical fundaraising process can be avoided. As far as an invested resource can be translated in money value, it can become an equity round.

To overcome the shortcomings from the current investment models, Startcelerate has a few solutions:

  • Since you still have already paid for resources, why not make a proper investment with them?

The whole talent crisis and implicit war on talent in Romanian IT&C, a company has rarely a 100% occupancy rate for its resources. And when it has it, it is probably sold at the smallest possible price. Which really raises an eyebrow regarding the opportunity costs. With Startcelerate, any development resorce can be turned into an investment; indeed, a risky, teeth-crunching investment as far as accountants are concerned, but on a scalable ROI model, compared to the purely liniar revenue model these companies work with now.

  • Investors can make informed decisions.

Startcelerate will allow you to search, analyse and compare startups based on a formalised profile and according to a series of relevant metrics tied up to the type of startup and its phase of development. The decision-making process for investing gets a new and essential area of specific and actionable data.

Read More…

May 8, 2014 |

techsylvania-logoTechsylvania (profiled here on Romanian Startups event section) is the biggest tech event in Transylvania, a region in Romania, and one of the biggest in the CEE Area, tapping on the potential of the more than 4000 tech and computer science graduates living and working in the city of Cluj-Napoca.

In between May 31st and June 2nd, the first edition of Techsylvania will bring together the region’s foremost creative minds, exceptional speakers, tech guys and innovators that will share their experience and knowledge in order to boost innovation and technological development right in the heart of Romania.

Techsylvania is a two-part event.

The organizers are offering a 15% discount from the early bird registration ticket to RomanianStartups.com readers by using this code “RoStartupstech” (until the end of the month)!

 

Part 1: The hackathon

During the hackathon they welcome the best developers in the region and challenge them to develop disruptive apps on connected and wearable technologies, while having the opportunity to explore the devices provided by their partners.

Wearables is a a trend in technology which is rising. Some estimation put this market at 170 million devices by 2017, at a anual growth rate of 41% (the actual market seem to be around 1,5 billion dollars).

wearables-technology-vendors

More details about the wearables market can be read here and here.

During the 24-hours event you’ll get the chance to work next to more than 100 developers on different types of wearable devices and connected technologies.
You can either team up with your friends or join an existing team to build an app that has the power to change the world. At the end, you will showcase your product and convince the organizers of its potential. The best teams will be awarded, and the top 3 projects will not only receive free passes to the conference, but will also have the chance to present their projects in front of the entire audience of Techsylvania.

Register on the waiting list for the Techsylvania hackathon and they’ll let you know as soon as the first batch of tickets are released.

Read More…

April 21, 2014 |

Forbes-logoRomanian Startups had the pleasure to see it mentioned in an article written by Alison Coleman for Forbes.com yesterday “Europe’s Hidden Entrepreneurial Tech Hotbed; Romania Powers Up“.

Making a round-up of the Romanian business and tech scene, she is noticing the emergence of a “flourishing start up community“.

RomanianStartups.com offers a snapshot. The fairly new online database currently lists 169 startups, 348 founders, 30 events and five accelerators/incubators. Many start ups are as yet unlisted. The stats are modest, but a decade ago, would have been beyond Romania’s wildest dreams.

That’s true. When 7 years ago Mircea Goia (RomanianStartups.com founder) has written about the Romanian startup scene in an article for ReadWrite (“Top Web Apps in Romania“) he didn’t have much to write about. Several startups at that time, no incubators, not too many founders and not too many events.
But since then the tech startup exploded, as you see in the above stats (which are not complete yet).

As a tech start-up hub, Romania has plenty to offer, not least. Good internet connectivity for one. Having skipped the copper wire and gone straight to fibre, it was recently ranked fifth best in the world for internet connection speed by bloomberg.com.
Then there are the operating costs and overheads. Things like commercial property, energy and utilities are between three and five times cheaper than in Western Europe, making it easier for start-ups, or any business, to get premises than in other countries.

Yes, it is cheaper in Romania to open a business and especially a tech business. There are several cities where the tech talent is roaming, Bucharest, Timisoara, Cluj-Napoca and Iasi (cities having the best tech universities), these being also the main tech hubs in Romania.

Romanian-Startups-Collage-rectangle-small

But what Romania still lacks is the other arm which makes a tech sector go wild: the investment capital, the VCs and angel investors.
There are some tech angel investors in the country but no VC fund yet (although we heard from some source that a first VC fund is preparing to be formed soon).

Read More…

March 29, 2014 |

The Tech5 is a pan-European initiative to identify the fastest-growing tech startups in each country.
It was just established by TheNextWeb and its partner, Ayden.

As of today, high-growth tech startups from every European country can join the first phase of the Tech 5, if they meet the criteria.
The companies from the ten most vibrant tech communities, based on the number of unique submissions that met the criteria (see below), will move on to the next phase to determine the respective Tech5 lists per country. (e.g. German Tech5, UK Tech5).

thenextweb-tech5-european-startups

The companies will be ranked based on growth rates in revenue and usage plus a public component and the fastest-growing companies get to present in Amsterdam.

Criteria for the company:
– Has more than 500k EUR revenue in 2013, and;
– Is in operation for less than 5 years, and;
– Has its headquarters in Europe,
– Builds and markets its own (scalable) product or service driven by technology (no agencies, consulting companies).

Read more on TheNextWeb website.

What are the Romanian tech startups which are eligible? Contact us if you have suggestions. Or suggest a company right on their website.
You can also help by spreading the word (Facebook, Twitter, email) about this.

February 27, 2014 |

Several days ago the Romanian startup uberVU.com was sold to the Canadian social media juggernaut Hootsuite for a rumored amount of 15-20 million dollars (according to Techcrunch).

uberVU (profiled on RomanianStartups.com here) is a startup established 5 years ago by Vladimir Oane, Dragos Ilinca and Dan Ciotu.
What the startup does is to provide marketers with customized insights from social media by delivering monitoring, engagement, collaboration and reporting in a single dashboard (automating most of a social media marketer’s tedious manual work: finding insights, detecting influencer mentions, detecting trending stories, suggesting engaging content to post).

In the last year the CEO of uberVU was Mark Pascarella, founder of Pixip Labs and former CEO of Gotuit Media.

While the development team was and is established in Romania, uberVU has the legal office in London, UK and Cambridge, Massachusetts (USA). The number of employees is around 50 and so far took in, as investment, over 1 million dollars.

uberVU has more than 200 enterprise customers include 3M, SC Johnson, NBC, Heinz, Fujitsu, Getty Images, Indiegogo, L’Occitane and others.

In uberVU, HootSuite gains a best-in-class analytics product and a dedicated team of world-class engineers.

ubervu-hootsuite-acquisition

Hootsuite was a startup established in the same year as uberVU, 2008, which grew a lot in the meantime becoming a giant in the social media space. HootSuite pioneered the category of social media management and has more than 8 million users in nearly every country around the world. So far, Hootsuite took over 100 million in investment.

Read More…

February 3, 2014 |

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