Startupbootcamp Impact Report

There Has Never Been a Better Time for Innovation 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.

Startupbootcamp Quick Overview Headquarters: London Founded: Investments Classes 700 709 2010 650 600 559 75 Locations: 550 57 500 435 15 450 400 44 Description of Business: 350 281 300 28 20+ accelerator programs 250 189 Four Scale programs for growth-stage 200 117 21 companies 150 100 45 13 Corporate Innovation 50 10 18 5 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 Industry Focus Areas: Fintech and Financial Inclusion Insurtech, Smart City, Digital Health, FoodTech, IoT, Energy & Sustainability, Cybersecurity, SportsTech, Artificial Intelligence, Commerce

Startupbootcamp Which Program Is Right For You? Programs At A Glance From 22 Industry-Focused Programs to 1 the launch of Startupbootcamp Scale Startupbootcamp Industry-Focussed Accelerators We to support growth-stage companies accelerate early-stage founders through 15 industry- expand internationally, raise capital focused programs in key locations across the world. and increase revenue, Startupbootcamp is evolving. 2 In 2018 we introduced a new model that specifically targets commercial Startupbootcamp Scale engagements between established and A program targeting growth-stage companies (seed to Series later-stage businesses: SBC Colab B) helping them expand internationally and raise funding. 3 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.

Our Global Footprint 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 Hartford London (2) Amsterdam (3) New York Berlin Qatar Chengdu San Francisco Rome Miami Cairo Dubai (2) Mexico City (2) Cape Town Melbourne (2) Accelerator SBC Colab Scale Powered By

A Look At Our Innovation Top Countries Visited in 2018 Programs Applications We organised 310 events in 2018 and visited 150 Cities in 74 Countries 34 USA 20 Germany 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 15 Spain 12 France new programs in MENA this year, we expect to see quite a surge in applications, and an increase of This year we have visited a lot of events in the region in 2019. 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 Explore More share their views on opportunities and challenges of creating innovation in the ecosystem.

Conference/meetup/event Our Programs are Getting More Blog/Publication/News Competitive Referred by an Incubator Contacted by We have received 4,200 applications (+15% since 2017) Startupbootcamp from 92 countries - 150 teams were selected to join our programs 5.29% 4.63% 6.56% 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 12.54% that we have successfully built top of mind impressions 45.57% and more startup founders are familiar with the brand. Social Media and Referrals (~33%) remain our top 12.56% channels for connecting with startups and driving applications. Our events are a great way for founders 17.47% to form a relationship with our staff, build valuable connections, and increase their chance of being accepted into our programs. Applicants who attend Social Media FastTrack or Office Hour events are 2.5x more likely to Search get into one of our programs. Referrals

20% The Total Number United States Of Applications Received India In 2018 Came From African-Based Startups United Kingdom Nigeria In the last seven years, the United States has been the leader with South Africa the highest number of funding Italy applications submitted, followed by India, United Kingdom, Nigeria, Mexico South Africa, Italy and Mexico. Since Germany the launch of Startupbootcamp CapeTown in 2017, African-based Turkey candidates count as 20% of the total number of applications received in Israel 2018. 0 100 200 300 400 500 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.

Higher Demand From Emerging Markets And Later Stage Startups For the first time in 2016 more later stage startups While we may have become the world’s largest network applied to one of our programs than in previous years. of industry-focused innovation programs, this did Two years ago majority of applications had functional not stop us from keep innovating and solving more prototypes. In 2018, 50% of them joined our programs problems for both our alumni companies and corporate with live products, while 30% of them were generating partners. revenue. We have also seen an ever-growing demand from emerging markets such as Africa and Mexico. Three out of five FinTech startups were established between 2014 and 2016 which means they are now past 50% of startups that joined our their infancy stage and look to scale and expand into programs in 2018 had a live other markets. We know that getting a startup off the product, 30% of them ground is no easy task and scaling companies into the were generating larger industries has also proven to be a difficult task, steady revenue 50% which is why we created Startupbootcamp Scale.

Startupbootcamp Scale How Is It Different From Our Early-Stage Innovation Programs? 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.

View AcceleratorsView Scale Programs

What Does A Startupbootcamp Applicant Look Like - A Comparison Between Startupbootcamp Scale And Startupbootcamp Accelerators? Startupbootcamp Scale Attracts Revenue Generating Companies; Startupbootcamp Accelerators Support Teams with a Functional Prototype or Closed Alpha Scale Accelerators 50% 40% 30% 20% 10% 0% Customer growth - Prototype Customer growth - non Closed alpha Public beta revenue generating revenue

SaaS Is The Preferred Revenue Model For Startupbootcamp Scale; Direct Sales Remains The Most Popular Type For Startupbootcamp Accelerators Scale Accelerators 40% 30% 20% 10% 0% SaaS (Users pay Direct Sales Marketplace Licensing (Third Other Audience (Free to for software, often (Consumer pays for (Transaction fee Party pays to provide consumers, ad/lead freemium) goods/services) between buyers/ product to customer) monetisation) sellers)

Taking Corporate- Startup Collaboration To The Next Level The Number Of Corporate Partners Grew By 16% In 2018 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 Vodafone and Mastercard were aligned early-and-growth stage startups. among the top twelve firms named as Corporate Startup In 2018, we welcomed 26 new corporations to our community of over 190 high Stars 2018, while Amazon, Cisco, Google, Rabobank, achieving partners. Vodafone and Mastercard were among the top twelve firms and SAP qualified as ‘Open named as Corporate Startup Stars 2018, while Amazon, Cisco, Google, Rabobank, Innovation Challengers’. See and SAP qualified as ‘Open Innovation Challengers’. the entire list of companies. Explore

40% Of Startups Per Program Secure Partnerships With Our Corporate Partners 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%

Introducing SBC Colab, An Innovation Program For Mature Markets To Solve Real Business Problems 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.

Created in 2017, SBC Colab is designed to equip Corporates Need corporates in mature markets with the capability to Startups And innovate following a theme-based approach. Together Startups Need with partners, we define the theme for each cycle based on specific industry problems and opportunities to be Corporates. That’s addressed. The Premise Behind “There are a couple of benefits from my perspective. One is access to people who we may not have come SBC Colab 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

Powering innovation at 190 of the world’s largest corporations across multiple industries FinTech InsurTech Transport & Energy Digital Health FoodTech Commerce Smart Cities IoT

Alumni Success Stories Reaching Half a Billion Euro in Total Funding Raised by our Alumni! 2017 2018 727 27 30% 630 22 €501M 23% €331M Total Number of No of exits (all Total Funding Female-led Alumni time) Raised businesses Figures show a snapshot of all-time total for each statistic at the end of 2017 compared with end of 2018

Success Stories WePower raises $40 Relayr was acquired by Penta launches in million for blockchain- Munich Re for $251.7 Germany and raises €7 based green energy million Million Learn More Learn More Learn More Soisy raises €1.25M Shruthi Rao CEO of Citibeats was awarded within the first eight AdaptReady named the world’s best days spent in our top 50 Female Future Government & Citizen FinTech program in Engagement product by Amsterdam Leaders 2018 by FT the WSA 2018 Learn More Learn More Learn More

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Looking Ahead Expanding Our Global Reach Into New Markets 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. France Italy Egypt Taiwan

2018 A Record-Breaking Year For IPOs And ICOs 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.

Supercharging Our Diversity Targets 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.

Embracing “Tech for Good” 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.

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 Conversation @Sbootcamp www.linkedin.com/Startupbootcamp www.facebook.com/Startupbootcamp