I3P CS: Seac02, company grown in I3P, qualified against tough competition at European Venture Contest Semi-Final
Turin software start-up Seac02 comes out top in fierce competition and gets a chance to win a EUR 90,000 cash prize in Barcelona on 14 & 15 December 2009
Seac02, company grown in I3P, qualified against tough competition at European Venture Contest Semi-Final supported by Torino the Chamber of Commerce, the Province of Torino, Torino Wireless and I3P Incubatore Imprese Innovative Politecnico di Torino
6th November 2009, Turin
Yesterday, on the 5th November 2009, 35 start-up and growth companies from the cleantech, life-sciences and ICT sectors presented their business to 25 venture capitalists, business angels and corporate representatives from across Europe in Turin. In what turned out to be a highly animated and fierce competition, ten entrepreneurs came out on top and are entering the final stages for a EUR 90,000 cash prize in the Eurecan European Venture Contest 2009.
Local winner Seac02 offers the first solution for Augmented reality and Virtual reality that allows anyone with no technical skills to create vertical applications, and to sell them through the Seac02 ‘ARplication’ store or directly, independent of the used platform PC, MAC, Mobile (e.g. I--hone). Seac02 has been incubated by I3P in 2003, successfully graduated in 2006, has been prized as best Start Up of the Year in Italy, the very next year. By now Seac02 is one of the three best known Augmented Reality companies all over the world.
Congratulating the winners Professor Marco Cantamessa, President of I3P, said: “We are very proud to have one of our companies among the winners. We believe a major role of an incubator is to be a catalyst. Besides providing strategic advice to our entrepreneurs, our main activity is to facilitate the creation of networks that support the growth of high-tech companies, allowing them to access finance, human resources and technological assets. Hosting the EVC semi-final is very important to us, since it allows us to strengthen our international networking activity.”
The event was jointly hosted by the Torino Chamber of Commerce, the Province of Torino, Torino Wireless and I3P to help identify some of Europe's most innovative technology start-ups and high-growth companies. All participants were facing tough competition in a stringent selection process prior to this event, which is part of a competition among several hundred of companies to gain access to active venture capital investors and widespread visibility to multi-national corporations.
The winners of the Turin event represent a mix of Italian and European companies:
· FHOSTER (IT)
· Seac02 (IT)
· Econoetica (IT)
· Calinda (FR)
· Tuxera (FI)
· KONNEKTA (IT)
· ASH DEC (AT)
· Smartseal (NO)
· MediaPharma (IT)
· Neuro-Zone (IT)
The 2009 edition involves 10 European locations across Europe in Austria, Belgium, Denmark, Germany, Italy, the Netherlands, Poland, Portugal, Spain and the UK. Participants show the greatest potential to enhance the competitiveness and growth of Europe, and the winner receives recognition as one of the most innovative companies at an international level. William Stevens, CEO of organiser Europe Unlimited, commented that the winning companies, but also those that did not win, showcase that “entrepreneurship is alive and well in Europe – times may be tough right now but it is the ideas of today that fuel the businesses of tomorrow. Some of the world’s leading companies were born during challenging times and they grew strong as a direct result.”
The Eurecan European Venture Contest is aimed at private companies that contribute cutting-edge innovation in technology and services and have international growth aspirations. Over the past years, more than 2,000 companies applied to participate in the European Venture Contest, of which 566 were identified in a stringent selection process as candidates to present to venture capital and corporate investors. Many of the previous finalists have since successfully raised capital and expanded their business.
In 2008, the mean financing sought by innovative technology companies was just around EUR 4m per company, slightly up from 2007 with some EUR 3.5m, for an average of 30% in equity. At EUR 6.8m life science and biotechnology companies were in general looking for more funding, corresponding to costly and complex product development, compared to ICT and clean-technology companies, which on average sought around EUR 3m.
At the Eurecan European Venture Contest a jury of international investors will assess commercial potential, team experience, competitive position, product merit and technological development, interest in investments or associations. The have so far included successful and serial entrepreneurs, venture capitalists and corporate investors. For details of Eurecan European Venture Contest 2009 and previous years, please check our website at http://www.e-unlimited.com/eevc
About the winners:
· FHOSTER (IT), an innovative web platform for creating and administering complex database applications – www.fhoster.com
· Seac02 (IT), a augmented reality platform for easy user generated applications – www.seac02.it
· Econoetica (IT), develops a web based platform for creation and distribution of mobile applications – www.econoetica.com
· Calinda Software (FR), an email based collaborative project management software to boost knowledge work’s productivity – www.calindasoftware.com
· Tuxera (FI), embedded file systems for consumer electronics and other devices – www.tuxera.com
· KONNEKTA (IT), firmware and visual software for devices, data analysis, domotic and human interfaces – www.konnekta.net
· ASH DEC (AT), offers a simultaneous energy generation and phosphate fertilizer production from biomass waste – www.ashdec.com
· Smartseal (NO), develops and sells innovative beverage closures – www.smartseal.no
· MediaPharma (IT), develops antibodies for cancer diagnosis and therapy – www.mediapharma.it
· Neuro-Zone (IT), a microfluidic platform for dissecting cell-to-cell communication in drug screening protocols – www.neuro-zone.com
The European Venture Contest is designed to help innovative technology companies face funding and strategic challenges across the fragmented European market. Participants receive detailed feedback on their strategic strength, while being able to grow their professional network to include some of Europe's most active early stage investors. The European Venture Contest 2009 will evaluate and award world-class innovative companies. The Contest acts as an accelerator to the growth of young innovative companies by providing access to top-level international partners, advisers and investors.
Please visit http://www.e-unlimited.com/eevcturin for more information.
About Europe Unlimited:
Founded in 1998, privately-owned Europe Unlimited provides critical business resources to innovative technology entrepreneurs, corporations, investors and researchers, allowing them to successfully build and maintain a healthy economy. We believe that dynamic entrepreneurship is the main force of innovation, economic growth and sustainability throughout Europe. We therefore focus on helping Europe’s technology innovators become world leaders in their field.
Tel +32 2 643 36 94
Email: tanja [@] e-unlimited.com
Incubatore Imprese Innovative Politecnico Torino
Tel +39 011 090.5142
Email: bertuzzi [@] i3p.it
Dr. Carla Bertuzzi
I3P – Incubatore Imprese Innovative
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