REFILE-INSIGHT-Europe's startups get bootcamp booster
(Refiles to update that company in penultimate paragraph opted not to accept the funds)
* Startup sale prices have surged in Europe
* Economists say startups need to grow on independently
By Sara Ledwith
AMSTERDAM, Sept 16 (Reuters) - In the two years that Rockstart Accelerator - a private bootcamp for tech firms - has been going, it says the 20 startups it has backed have raised 15 million euros ($19 million) and created nearly 150 permanent jobs.
"It's cool to be in a startup there," said Cralan Deutsch, a 44-year-old founder whose Rockstart-backed company has been ticking over for a decade but joined the incubator for a revamp and access to new contacts. "It used to be, I go to a party and I tell the girls I'm in a startup and they walk away - that's changing now."
It's an increasingly familiar story in Europe, where hundreds of entrepreneurs have set up incubators that are adapting the Silicon Valley model to fast-track new companies. For Europe's politicians, the trend represents an economic bright spot, bringing life to disused office space, new jobs, and reflected geek chic. One EU-funded study from March, by database Seed-DB, estimated startups have created 3,500-4,500 jobs in Europe.
Few, if any, of these firms will ever be Google or Facebook. Some will make money replicating successful ideas. Most will go nowhere, neither growing nor failing but limping along. But every year 100-200 in Europe are bought by rivals or much bigger firms.
The value of those deals is often not disclosed, but where it has been, the average purchase prices have jumped, suggesting that the type of ecosystem found in California's Silicon Valley may finally be taking off in parts of Europe. Continuación...