osservatorio startup hi-tech · 2017-01-31 · 1 osservatorio startup hi-tech antonio ghezzi school...
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1
Osservatorio Startup Hi-tech
Antonio GhezziSchool of Management, Politecnico di Milano
Risultati della Ricerca 2016
IN COLLABORAZIONE CON:
1_ Investments in hi-tech startups in Italy
3_
A selection of significant startups
2_
Funded startups’ performance and dynamics
2
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
112129
120
147
182*
0
20
40
60
80
100
120
140
160
180
200
2012 2013 2014 2015 2016
Million
€Total investments in hi-tech startups
+15% -7%
1
1 The 2015 value is an adjustment of the 133 million Euros estimate given in October 2015
* Values for 2016 are estimated
+24%
+22%
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
77 8263 76
101
3547
5771
81
0
20
40
60
80
100
120
140
160
180
200
2012 2013 2014 2015 2016
Million
€
Informal
Formal
Distribution of investments by investor type
+6% -23% +21%
+34% +21% +25%
112129
120
147
* Values for 2016 are estimated
Italian formaldomestic investmentin 2015 is:
o 1/7 compared to Germany
o 1/6 compared to France
o comparable to Spain
182*
+33%
+14%
3
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
77 82 63 76101
3547
5771
81
0
50
100
150
200
250
2012 2013 2014 2015 2016
Million
€
International
Informal
Formal
+14%
+33%
182*
77 82 63 76101
3547
5771
81
35
0
50
100
150
200
250
2012 2013 2014 2015 2016
Million
€
International
Informal
Formal
217*
+14%
+33%
1
Distribution of investments by investor type
+6% -23% +21%
+34% +21% +25%
112129 120
147
* Values for 2016 are estimated
1 Investments from international investors are estimated based on a combination of primary and secondary sources on significant rounds, and may be roundedup in future research updates
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Distribution of investments by industry
68% 75% 74% 70%
16%11% 6% 8%
15% 10% 17% 21%
1% 4% 3% 1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013 2014 2015
Other
Life Science
Cleantech & Energy
Digital
TOTAL: 77 mln € TOTAL: 82 mln € TOTAL: 63 mln € TOTAL: 76 mln €
Investments refer only to those startups that obtained financing rounds from Formal investors
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www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Distribution of investments by region
60% 53% 54% 58%
19%15% 16% 6%
21%32% 30% 36%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013 2014 2015
South and Islands
Center
North
TOTAL: 77 mln € TOTAL: 82 mln € TOTAL: 63 mln € TOTAL: 76 mln €
Investments refer only to those startups that obtained financing rounds from Formal investors
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Distribution of funded startups by industry
72% 78%68% 75%
13% 9%
4%7%
13% 9%23%
17%2% 4% 5% 1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013 2014 2015
Other
Life Science
Cleantech & Energy
Digital
TOTAL STARTUPS: 67 TOTAL STARTUPS: 78 TOTAL STARTUPS: 79 TOTAL STARTUPS: 90
Funded startups refer only to those startups that obtained financing rounds from Formal investors
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www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Distribution of funded startups by region
45%55% 48%
65%
21%20%
24%
18%34%
25% 28%17%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013 2014 2015
South and Islands
Center
North
Funded startups refer only to those startups that obtained financing rounds from Formal investors
TOTAL STARTUPS: 67 TOTAL STARTUPS: 78 TOTAL STARTUPS: 79 TOTAL STARTUPS: 90
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Distribution of funded startups by investment size
40%
70% 63%44%
11%
13% 24%
27%
45%
16% 9%22%
4% 1% 4% 7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013 2014 2015
> €3mln
€1mln-3mln
€500K-1mln
€0-500K
Funded startups refer only to those startups that obtained financing rounds from Formal investors
TOTAL STARTUPS: 67 TOTAL STARTUPS: 78 TOTAL STARTUPS: 79 TOTAL STARTUPS: 90
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1_ Investments in hi-tech startups in Italy
3_
A selection of significant startups
2_
Funded startups’ performance and dynamics
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
129146
184
247
020406080
100120140160180200220240260
2012 2013 2014 2015
Million
€
Total turnover generated
+13%
+26%
TOTAL STARTUPS: 242*
*For further information see «Methodology»
TOTAL STARTUPS: 323* TOTAL STARTUPS: 340* TOTAL STARTUPS: 458*
+34%
7
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
10121252
1565
0200400600800
100012001400160018002000220024002600
2012 2013 2014 2015
# E
mplo
yees
10121252
1565
2420
0200400600800
100012001400160018002000220024002600
2012 2013 2014 2015
# E
mplo
yees
Total hired employees
+24%
+25%
*For further information see «Methodology»
TOTAL STARTUPS: 242* TOTAL STARTUPS: 323* TOTAL STARTUPS: 340* TOTAL STARTUPS: 458*
+55%
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
2420
0
2000
4000
6000
8000
10000
12000
14000
16000
Hired
# E
mplo
yees
(2015)
2420
14520
0
2000
4000
6000
8000
10000
12000
14000
16000
Hired FTE
# E
mplo
yees
(2015)
Startups’ hired employees vs. FTEs
FTE: Full Time Equivalent (internal & external collaborators)
Total MultiplierFTE = X6
8
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Funded startups: innovative vs. non innovative
70%
30%
Total funded startups in the time span 2012-2015
InnovativeNon Innovative
Innovative startups: those included in the special
section of the Italian Chambers of Commerce’s
Companies Register
1_ Investments in hi-tech startups in Italy
3_
A selection of significant startups
2_
Funded startups’ performance and dynamics
9
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Startups with the highest financing rounds
2016 Financingrounds
23 mln €
Startups:
• headquartered in Italy
• funded by Formal and Informal
investors
Data gathered from primary sources. Missing data collected from secondary sources
12 mln €
12 mln € 10 mln €
8.7 mln € 8.7 mln €
8 mln €8 mln €
7.5 mln € 6.5 mln €
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
37 37
3236
45
0
5
10
15
20
25
30
35
40
45
50
2012 2013 2014 2015 2016
# R
ounds
≥ 1
mln
€
Startups with the highest financing rounds: trends 2012-2016
+0%
- 14% +13%
+25%
# STARTUPS: 35 # STARTUPS: 37 # STARTUPS: 31 # STARTUPS: 35 # STARTUPS: 44
10
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Startups with the highest turnovers
>10 mln €
2015 Turnovers
Startups:
• headquartered in Italy
• funded by Formal and Informal
investors
Data gathered from primary sources. Missing data collected from secondary sources
4 mln €
3.9 mln € 3.5 mln €
2.2 mln €2.4 mln €
1.4 mln €1.5 mln €
1.1 mln € 1.1 mln €
1.1 mln €
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Startups with the highest turnover:trends 2012-2015
3137
51
67
0
10
20
30
40
50
60
70
80
2012 2013 2014 2015
# S
tart
ups
wit
h t
urn
over
≥ 1
mln
€ +19%
+38%
+31%
11
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Startups with the highest exit value
16.7 mln € 4.2 mln € 3.8 mln €
3.5 mln € 2.3 mln € 1.5 mln €
0.4 mln €0.5 mln € 0.15 mln €
Exits listed include:
• Initial Public Offering (IPO)1
• Trade Sale
1 The IPO is realized by means of share subscription
so technically it cannot be considered as a real
“exit”
2016Exit
IPO
T
R
A
D
E
S
A
L
E
Data gathered from primary sources. Missing data collected from secondary sources
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Startups with undisclosed exit value
2016Undisclosed Exit
Data gathered from primary sources. Missing data collected from secondary sources
12
www.osservatori.netOpen Digital Innovation: imprese e startup insieme per ridisegnare il futuro 28 Novembre 2016
Startups with the highest exit values: trends 2013-2016
19 20
25
19*
0
5
10
15
20
25
30
2013 2014 2015 2016
# E
xit
s
+5%
+25%
* As of
October 7 2016
th
Osservatorio Startup Hi-tech
Antonio GhezziSchool of Management, Politecnico di Milano
Risultati della Ricerca 2016
IN COLLABORAZIONE CON: