Betty Tsakarestou

Journalists, legacy media, digital publishers and platforms, communicators, branded content creators, and social innovators have reinvented the profession by creating and testing new business models as niche and specialized journalism startups. In so doing, they have offered novel news experiences and publishing environments, served underserved communities, empowered contributors to build their own digital brands, offered more relevant content to their communities, and explored new opportunities for audience engagement. They have advanced new storytelling approaches with the help of big data; have integrated immersive virtual reality and Internet of Things (IoT) technology; and have designed journalistic new products and services related to key questions and challenges such as fact checking for non-specialists, filter bubbles, and the impact of personalization of the Internet.

While in many European countries legacy newsrooms are still laying off journalists, online publishers and some legacy media companies are revamping for growth and diversifying their strategies by investing in digital startups according to a Financial Times analysis.^[1]

“Following the examples of Time Warner and Comcast, European companies have sought to structure their venture arms like independent funds – with partners judged on the financial value of the portfolio companies, rather than on looser strategic value to the parent company.”

At the same time, across Europe, journalism startups are creating the first “pockets of innovation” by introducing alternative business models, getting public attention, and raising or crowd-sourcing funds.

Take a first glimpse of some notable cases:

In Germany, Republik,^[2] an open-source cooperative digital magazine to be launched in January 2018, reclaims the role of journalism to reinforce Democracy. Republik co-founder Christof Moser, a journalist and professor, succeeded in raising $2 million.^[3]

Innovative Journalism Startups from Netherlands^[4] are focusing on quality journalism. Blendle employs an “iTunes” model for news.^[5] De Correspondent^[6] is getting ready for its U.S. presence while more media startups are taking tech press influencer Charmaine Li’s attention: Piano Media in Austria, PressPad in Krakow, Sellfy in Riga/ Latvia, Movellas in Copenhagen and London, Ghost, ShareWall, ReadWave, and Reedsy in London, Liberio in Berlin. In Athens, Press Project ^[7] is one of the few independent investigative journalism and data reporting startups that fill the vacuum of failing legacy media.

When you look at the global heat maps of the emerging dynamic startup ecosystem, innovation starts to be geographically and culturally diverse and unevenly distributed. We can get an overview and a very informed perspective of the emerging and dynamic startup ecosystems all over the world through the lens of Startup Genome the Global Startup Ecosystem Report 2017.^[8] In 2011 a devoted team of researchers, entrepreneurs, and data mavericks launched the Startup Genome project. Inspired and driven by the mission to help building the entrepreneurial ecosystem, they conduct and publish annually primary research with 10,000+ startups and 500 partnering companies to inform local startup leaders about success factors to measure the ecosystem’s lifecycle, to provide in-depth insights by continent or startup city, and to produce a global startup ecosystem ranking.

Startup Genome examines nine factors that determine how cities become key players^[9] and catalysts into enabling vibrant startup ecosystems:

1. funding,
2. market reach,
3. global connectedness,
4. technical talent,
5. startup experience,
6. resource attraction,
7. corporate involvement,
8. founder ambition and
9. strategy

As the CEO of Startup Genome states in their mission statement: Startup founders are driven by their pathos to create a positive change in our world, to participate in a world movement and a revolution in search of innovative solutions, and to experiment with the new business model canvases for making a great idea into an impactful service to people and to their communities. This entrepreneurial ethos is representing a cultural shift about the potential of startup entrepreneurship to bring positive change, to have a desirable impact by the communities, cities, and people in producing solutions.

Says J.F. Gauthier, Founder and CEO of Startup Genome:

“There is a revolution going on — the global startup revolution. We are changing the world together. All of us startup leaders, and all of us working in different parts of the ecosystem. We are challenging the status quo, putting new ideas to work, and holding fast to the belief — the knowledge — that anyone, anywhere should be able to participate in this revolution. The work of startup leaders in spreading this culture of meritocracy and equality is never finished and we are all helping each other, paying it forward, and expanding boundaries of startup culture.”

Let’s see the panorama of the top 20 global startup ecosystems to learn more about the cities and continents that are closer to your own interest and entrepreneurial journalism focus. The Startup Genome Top Global 20 Startup Emerging and Established Entrepreneurial Cities and Ecosystems List allows you to compare 2017-2015 rankings for each city.^[10] Here’s a snapshot of the 2017 rankings.

Startup Genome Top Global 20 Startup Emerging and Established Entrepreneurial Cities and Ecosystems

	2015	2017
1	Silicon Valley	Silicon Valley
2	New York City	New York City
3	Los Angeles	London
4	Boston	Beijing
5	Tel Aviv	Boston
6	London	Tel Aviv
7	Chicago	Berlin
8	Seattle	Shanghai
9	Berlin	Los Angeles
10	Singapore	Seattle
11	Paris	Paris
12	Sao Paolo	Singapore
13	Moscow	Austin
14	Austin	Stockholm
15	Bangalore	Vancouver
16	Sydney	Toronto - greater Waterloo area
17	Toronto - greater Waterloo area	Sydney
18	Vancouver	Chicago
19	Amsterdam	Amsterdam
20	Montreal	Bangalore

Startup Genome Top Global 20 Startup Emerging and Established Entrepreneurial Cities and Ecosystems

While Silicon Valley keeps its leadership above any other ecosystem, it is no longer the number one pool of talent, losing its long-uncontested dominance over the Asia-Pacific region and Europe. Government initiatives are playing a significant role in both Singapore and Beijing by creating a friendly entrepreneurial business and cultural environment.^[11]

According to Gauthier:^[12]

“For the first time we can all see the comparative strengths of Beijing and Shanghai with the rest of world. Beijing’s amazing performance at creating large scale-ups is confirmed with its second place in our performance factor, and third place overall, but the lack of global connections of its startups was also clear. Shanghai takes a surprising eighth place overall with its strong early-stage funding, how it attracts talent and resource from all over the world, and how globally connected its startups are.”

African startup cities are on the rise. Even though they have not made it to any of the prominent ranks of the Global Startup Eccosystem report, they are competing for their share in tech, innovation, and sustainable startup solutions. Cape Town in South Africa is the largest startup ecosystem in the continent, which still needs to build up its global networking and connectedness, followed by Johannesburg and Lagos in Nigeria.

Innovators and Startup Entrepreneurs in Europe: Are They Lagging Behind Silicon Valley?

If you are a regular reader or visitor to TechCrunch, a leading technology website founded in 2005 to cover news about startup companies, founders and investors, then you might as well be following a recurring topic, the comparisons of the U.S. and European startups and innovation ecosystems. Back in 2010, Alan Gleason, a guest contributor to the TechCrunch European startup section gives his theories on why Europe lags the U.S. in technology startups”^[13]

Gleason writes as an insider, who has gained a considerable experience in consulting with U.S. startup entrepreneurs. He asserts that there is an uncontestable structural gap, a disparity, between the two continents when considering their capacity to enable and scale up globally-successful technology-led innovative startups and develop tech giants like Google, Facebook, YouTube, or Apple. He takes the Silicon Valley model (see sidebar) as the benchmark to assess the dynamism and the potential success of entrepreneurial ecosystems that follow a different path of development outside of United States. In 2010, the U.S. enjoyed a “semi-monopoly” position worldwide in generating startup companies.

Let’s follow Gleason’s analysis from 2010 about the structural and cultural triggering factors that created this capacity gap for innovation in entrepreneurship between the U.S. and Europe.

Gleason identifies six structural and cultural factors that are at play:

1. Location: Europe seems to lack the “hub network effect” of Silicon Valley’s model as an ecosystem attracting innovating entrepreneurs from all over the world, venture funds, and top engineers. Europe has mainly developed “pockets of innovation” in metropolitan cities across the continent.
2. Talent: Silicon Valley’s model as an ecosystem that attracts a diverse pool of talent of innovating entrepreneurs immigrating from all over the world is compared with European mobility of talented and highly skilled people that in the latter case are not translated into a critical mass of successful startups.
3. Market Size: Gaining traction as a startup and making profitable new product launches is considered a safer venture in the U.S. market rather than Europe on the basis of perceived cultural homogeneity (language, culture) and common currency versus a more culturally diverse Europe despite the fact the European overall population is almost double the United States’ size.
4. Support Systems: Compared to the West Coast ecosystem in the U.S., Europe lags in creating access to capital ranging from early-stage funding, seed and angel funds to venture capital funding rounds, along with a supportive business environment offering multiple options for legal and communication advice and professional services along with a pro-entrepreneurship strong media presence. Most notably, compared to the U.S., in Europe there are fewer investors and funding schemes to help tech startups go to market and scale up.
5. Attitude to Risk and the “Fail Fast” Mindset: Risk-taking or risk-aversion is one of the most culturally debated issues in the startup ecosystems and hubs all over the world. The United States fosters a more entrepreneurial mindset, open to more risk, to experimentation, and to “failing fast.” This entrepreneurial mindset becomes a pivotal point in Europe as it attempts to develop global reach and impact.
6. Media: Media and blogs covering technology, entrepreneurship, startup news and innovation topics, founders and funders’ thinking and methodologies have created a new positive and forward-thinking public imagery and culture that encourages new ventures and initiatives. Again, the most influential blogs mentioned such as Mike Arrington, serial entrepreneur and founder of TechCrunch or Jason Calacanis (who defines himself as a serial entrepreneur, angel investor, podcaster, and writer) are featuring the fervent U.S. entrepreneurial scene while Mike Butcher has been one of the more influential voices writing for the TechCrunch European section.

Another difference between the European mature ecosystems and Silicon Valley is that that European startups are mainly (55 to 75 percent) B2B oriented while in U.S. the vast majority (two out of three startups) are consumer-oriented businesses.

In conclusion, European tech startups and entrepreneurs must overcome some structural limitations in three key areas:

1. Take smart money only as an investment to scale and expand into your investors’ global networking capacity and/or their ability to successfully address “go-to-market” challenges.
2. Focus hard on gaining market traction through the creation of awareness of key influencers.
3. Locate your business activity or networking in one of the emerging European hotspots.

The European Commission Seeds Startup Growth

Even with the growth of entrepreneurial ecosystems across the European Union, many entrepreneurs at major tech events such as the Web Summit question whether Europe’s startup culture truly exists. In “Does Europe lack a Startup Culture”?^[14], the authors compare the dollars being transferred in the different markets, however, dollars may not provide a fair comparison.

“Debating Europe”, ^[15] a bottom-up platform co-initiated by multiple partners^[16] to bring together European citizens’ voices directly to European policy makers, published in December 2016 an infographic (see Figure 1) based on data issued by Eurostat, OECD, Google, and Forbes. The graphic provides some insight into this recurring question.

According to this graphic: In 2014 venture capital investment in computer and consumer electronics was more than $24 billion for the United States and $959 million for Europe. This is the chasm that Europe anticipates as it rapidly builds its own startup culture. In 2015, five European countries attracted the highest venture capital investments in companies developing new products and technologies, as percentage of GDP: Denmark, Luxembourg, Finland, Ireland, and Portugal. Google for Entrepreneurs, a network of 40 tech hubs worldwide, provides financial support, mentorship, and education to European entrepreneurs and facilitates the access to a network of startup hubs across 125 countries all over the world. From “Debating Europe”:

“Young entrepreneurs are quick to identify the factors holding Europe back. Lack of finance tops the list, particularly the venture capital needed to move from startup to scale-up. Then comes red tape – too many European countries impose too many regulatory and administrative burdens; Europe’s digital-single market has failed to overcome fragmentation. Taxes are too high and too complicated. Then there are underlying cultural problems – from a multiplicity of languages to a fear-of-failure mentality.”

To address the funding concern, during Web Summit in 2016, the European Commission announced a “fund of funds”^[17] designed to trigger at least €1.6bn in venture capital for startups.” The European Fund for Strategic Investments for small and medium-sized enterprises^[18] is one of the many European funding opportunities to mobilize finance in a collective and coordinated way seeking to reverse the low level of investment since the global economic crisis.

“The programme, which was presented today at the Web Summit, has been sponsored by the European Union and set up in cooperation with EIF. Under the Pan-European VC FoF programme EIF is looking to invest, using resources of the Horizon 2020 InnovFin Equity facility, EFSI Equity Instrument, COSME Equity Facility for Growth and EIF’s own resources, in private-sector-led, market-driven Pan-European VC Fund(s)-of-funds (the Fund(s)-of-Funds).”

Startup Europe

The European Commission is taking the lead in this global and networked-innovation-driven world where entrepreneurship and innovators address and provide entrepreneurial solutions. These startups are often aligned with the United Nations’ 17 interconnected Sustainable Development Goals^[19] (SDGs) to address effectively the challenges they entail “to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.” These goals are at the core of twenty-first-century societies for making positive and impactful change by 2030. The European Commission, by actively contributing and supporting SDGs and the 2030 agenda,^[20] strategically positions Europe to pursue a leading role in the new reshuffle of dynamics among global financial and tech robust players.

The twenty-first century international consensus advanced also by United Nations (UN) SDGs seems to be that it is all about entrepreneurship and sustainable innovating solutions-makers around the world. A United Nations “Solutions Summit”^[21] in 2015 brought together policy makers, innovators, investors in the private sector, and civil society leaders, together with technologists and scientists to partner and co-create impactful “solutions-in-progress.” Entrepreneurs and cross-disciplinary innovators are taking the lead across the world to imagine and develop impactful positive solutions to the biggest global challenges.

“Everyone has a role to play in advancing the Global Goals, and innovators and entrepreneurs are central to finding the solutions needed to achieve these goals,” said Kathy Calvin, president and CEO of the United Nations Foundation. “The Solutions Summit is a catalytic gathering of some of the best and brightest who have developed innovative approaches to the world’s most vexing issues.”

In 2011, the European Commission initiated Startup Europe^[22] as a “One Stop Shop,” providing information, tools, legal advice, and networking for startups in Europe with the goal:

• To connect all European Startup Ecosystems based in different cities and key players and ecosystem builders such as investors,^[23] accelerators,^[24]female entrepreneurs,^[25] corporate networks, universities,^[26] and #EUTech Writers^[27]
• To help startups to enter other markets such as Silicon Valley, Africa, The United Arab Emirates, and India^[28]
• To celebrate entrepreneurial successes by launching awards and other events such as Tech Allstars, Europioneers,^[29] and StartUp Europe Awards^[30]

The EU response^[31] has prioritized catalyzing a risk-taking and experimentation culture in Europe by launching the project “FACE Entrepreneurship” and EXCEL, a European Virtual Accelerator to address local limits on access to co-founders, resources, expertise, and markets.

One of the key factors in forming successful and sustainable innovation startup ecosystems that will incubate and support world-leading ventures is to establish strong synergies and collaboration between the universities and the innovation startup hubs. Stanford University and its role in building Silicon Valley^[32] has been one of the most influential paradigms around the world, a benchmark that inspired both scholarly research^[33] and extensive media coverage in the quest of replicating Silicon Valley model^[34] in other regions and cities in the world.

In Europe, a longstanding barrier to creating continental cities as startup hubs has been the weak or missing collaboration between the academic community and the business-startup ecosystems. The European Commission, by launching the Startup Europe Universities Network,^[35] is aiming to connect academic institutions and community to the business and scientific parks setting the framework for enabling collaborative forums, sharing of information and resources, and catalyzing synergies and collaborations.

And taking a it step further, Erasmus+ Program^[36] provides more funding opportunities to help teachers prepare primary and secondary pupils to be entrepreneurial and creative. The Exchange programs for Young Entrepreneurs^[37] nurtures the entrepreneurial mindset at an early age in an attempt to change the cultural paradigm to funding.

What might be the impact of combined institutional initiatives taken by the European Commission^[38] to “Startup Europe” in creating a more innovation- and startup-friendly environment? Through tax incentives, startup visas, legal context, and advisory services infrastructures built by the European Commission, along with the bottom-up initiatives of the startup ecosystem leaders, entrepreneurs and policy makers hope this European mix will attract more talent, venture funding, and help create global startup brands. The European Startup Initiative^[39] takes an active role in facilitating the debate around where Europe’s hottest startup hub is evolving by designing the first data-driven report on startup locations and mobility in Europe as well as a startup heatmap on the perceived quality of the startup hubs in Europe.

Cities as Startup Ecosystems

In the last decade, entrepreneurial ecosystems are proliferating across Europe. Cities such as London, Paris, Berlin, Amsterdam, Barcelona, Madrid, Dublin, Manchester, Milan, and Copenhagen were listed according to Social Media Week as the top “10 European Cities to Watch in 2017”. ^[40]

These cities are emerging as pockets of growth^[41] in different European regions, competing for the innovative local and international talent, for digital and mobile creative class, and for investors’ money.

A 2016 Venture Beat article makes a good point when it stated that “So While Europe Might be a Single Market, It’s Definitely Not a Single Tech Scene.”^[42] This is a challenge for Europe to invent and establish a sustainable innovation and entrepreneurship model.

Many of Europe’s unicorn startups,^[43] a term coined by Aileen Lee, founder of Cowboy Ventures^[44] that describes companies that are valued at $1 billion or more, are based in London. Collectively they raised $2.9 billion in 2015, according to London & Partners. “That’s 75 percent of all VC money in the UK”^[45] and even Brexit has raised concerns that a startup exit will follow. Yet, London still has a competitive advantage as it offers a lighter regulation^[46] framework. Analysts estimate that even post-“Brexit,” London will continue to be one of the flourishing startup scenes. Paris is emerging as the second European metropolis investing in startups. The French Government has been the most active venture investor in small and medium digital businesses within their broader strategy for digital “France 2030.”^[47]

Paris is getting ready to impress the world by revamping and launching in 2018 Station F^[48] (formerly known as la Halle Freyssinet), a 34,000-sq-meter startup campus and co-living space with the goal to gather the whole entrepreneurial ecosystem in the same space. This ambitious project seeks to create the “world’s biggest campus.”^[49]

“We’re talking about a startup campus because we’re actually very similar to a university campus,” Station F director Roxanne Varza^[50] said in an article in TechCrunch. “We’re expecting about one thousand startups in this space.”

The city of Paris and the French Government, not Berlin, are set to become the beneficiary of any post-Brexit startup fallout, according to some analysts. The government is aiming to make France a “Digital Republic”^[51] by supporting digital startups and providing the “French Tech Ticket”^[52] to attract international startups.

Germany’s capital Berlin has for many years been considered a European mecca for startups.^[53] The city has successfully appealed to international professional and artistic creative class talent, converting this success into a booming startup hub. The city is a great example on how to be “inviting” to international talent to relocate, by offering a reasonable cost of living combined with an open culture^[54] to learning, to experimentation, to change,^[55] to sharing knowledge and to collaboration that can attract and retain diverse entrepreneurial and creative talent. Compare this aspect of Berlin city culture to the rising costs of living in Silicon Valley, where exorbitant housing costs make it inaccessible to new talent, whether international or domestic. Berlin is also investing into lively community meetups that can “help foster individual success.” Government and political support^[56] created with a “grassroots inclusive feel” supported by “The German Startup Association–The Voice of Startups in Germany” ^[57] make the case for Berlin startup ecosystem.

Stockholm in Sweden^[58] is a new entrant in the startup cities world, earning a reputation as a “unicorn factory” and in a league of its own with unicorns such as Skype, Minecraft, Klarna, Spotify, and King. And who doesn’t know MySQL, Kazaa, uTorrent, and Piratebay?

According to the article, “The country is leading the 2016 ranking in a number of industries, including gaming, music-tech, and sport-tech, giving much bigger economies such as Germany, UK, Spain, Italy, and France a run for their money.”^[59]

Looking at the South of Europe, Spain is becoming a considerable leading startup player, with two cities in the forefront. Barcelona and Madrid are both attracting international investment and global digital players like Google and Amazon who are establishing their presence in the innovation-driven cities.

Besides the capital cities, we also see vibrant and scalable and high-performing ecosystems growing fast in Lausanne (Switzerland), in Ghent (Belgium), in Krakow (Poland), and in Porto (Portugal).

Will these distinct cities-based tech and innovation hubs operate independently or will they become a collaborative network of connected hubs? This is a real bet and challenge for Europe. We will have to see in coming years how these European “pockets of growth” across multiple cities and regions will establish an entrepreneurship model that will fare and compete successfully with the Silicon Valleys or emerging Asian ecosystem(s) as analyzed in Startup Genome Global Startup Ecosystem Report 2017^[60] and the Asia Startup Ecosystem^[61] accelerator.

If you wish to explore more in depth the commonalities and what differentiates the unicorns from around the world, take 15 minutes to read a very well-documented post on Startup Grind by Alex Stern, published on February 27, 2017 on “Revisiting the Unicorn Club.”^[62] In it, he covers all continents, all countries, and sectors.

The Digital News Initiative Innovation Fund (DNI Fund)

In an attempt to further explore the emerging media innovation hubs around Europe and the corporate actors that take action to enable such an approach, it is worthy to look into The Digital News Initiative Innovation Fund (DNI Fund).^[63] The fund is a partnership between Google news publishers in Europe to support high-quality journalism through technology and innovation with the goal to enable and nurture sustainable news ecosystems, collaboration and dialogue between the tech and news industries. Among the founding members are prominent legacy media companies such as The Guardian, The Financial Times, Die Zeit, El País, Les Echos, La Stampa, and organizations such as Global Editors Network, European Journalism Centre, and NRC Group.^[64] DNI Fund was launched in 2015 andhas invested more than €70m to more than 350 projects in 29 European countries.^[65] DNI seems to have a quite balanced distribution of its fund among the participating countries. As an indication, here are the number of funded projects by country: Austria (9), Belgium (10), Czech Republic (7), Denmark (6), Finland (9), France (9), Germany (9), Greece (7), Sweden (9), Switzerland (9), and the United Kingdom (9).

The DNI Fund Projects offer innovative journalism and media entrepreneurial solutions to a wide spectrum of media-related challenges.

• In Austria, De-Escalation Bot^[66] is figuring out how to de-escalate negative emotions online.
• In Belgium, Wave^[67] offers interest-based listening experiences through connected cars, virtual assistants, and other smart technology devices. Likewise, in Greece, the Connected Cars, Connected Audience, News Ecosystem^[68] Project is a prototype developed at Aristotle University. It’s investigating the ways connected and self-driving cars will impact news organizations. In Switzerland, NZZ Companion App^[69] will provide personalized, geotargeted, niche news based on a user’s preferences.
• In the Czech Republic, Mural^[70] makes visual storytelling easier for online journalists.
• In Denmark, PoliWatchBot^[71] helps citizens better understanding their political process through public data.
• In Germany, Tagesspiegel Causa^[72] is a website for debates.
• In the United Kingdom, Project Arete^[73] is developing a highly transparent “digital advertising trading platform.”
• In Finland, Woodpecker Findings^[74] employs gamification to serve millennials.

And there are others. You can tour more DNI FUND projects at https://digitalnewsinitiative.com/dni-projects/ (filter by country and then DNI Fund Projects).^[75]

Media Entrepreneurship Education Around the World

One key lesson for building successful entrepreneurial ecosystems both from Silicon Valley as well as from the European Commission strategy is to actively involve the academic, scientific, and research communities as co-creators and enablers.

This is the path that many leading academic institutions in the U.S. have followed very actively over the last ten years by introducing entrepreneurial journalism and media innovation programs^[76] into their journalism, media, and communication programs to help students as well as to train professionals in entrepreneurial thinking, skills, tools, and methodologies…and to innovate.

Initiatives to introduce media entrepreneurship compared to those in U.S. are modest.^[77] The journalistic traditions in Europe that separate journalism production from the business and market side of media companies are still strong in many countries. European academics are still skeptical of the new “hybrid” and porous concept of bringing both editorial and financial sides together into collaborating and re-defining the purpose and the impact of journalism.

According to one article,^[78]

“In attempting to create an overview corralling the various outlooks and initiatives related to entrepreneurial journalism in Europe, one thing remains clear: There is no common understanding of the phenomenon and its ramifications. Some view the transformation as a new window of opportunity for ambitious journalism, while others merely consider it a new name for the old game of freelancing.”

In 2012, the entrepreneurial journalism U.S. educational model found its first early advocates in Britain and Baltic countries’ universities. Entrepreneurial journalism courses are offered as part of journalism academic programs or professional training initiatives in France, Germany, Switzerland, and the Ukraine.

As an indication of the growing international interest and demand for media entrepreneurship education, a post on Quora, a question-and-answer, crowd-sourcing knowledge and information platform, asks “Which colleges and universities offer entrepreneurial journalism programs?”^[79]

In response to this request, Pierre France, Quora community member, posts a document with a list of entrepreneurial journalism courses offered in their U.S. Universities, with a few in Europe, in Canada, and in Mexico (list updated 21 July 2014).^[80]

Suggested Readings

• Briggs, Mark. “What Makes a Successful News Startup?” The Quill 99, no. 6 (2011): 27-30.
• “Britain Needs Scale-up Businesses as Well as Start Ups.” Business Review Europe, 2015, Business Review Europe, Nov 26, 2015.
• Chimbel, Aaron. “Introduce Entrepreneurship Concepts Early in Journalism Curriculum.” Newspaper Research Journal 37, no. 4 (2016): 339-43.
• CIOL Writers. “Berlin May Replace London as the Startup Capital of EU after Brexit,” CIOL, June 25, 2016.
• “Commission Gives Boost to Startups in Europe.” European Union News, November 23, 2016.
• Dvorkin, Lewis. “Inviting the Rise of the Entrepreneurial Journalist: True/Slant Is Modeling the Newsroom of the Future by Empowering Contributors to Build Their Own Digital Brands — and by Changing the Role of the Editor.” (Building Community: Journalists’ New Journey)(Viewpoint Essay).” Nieman Reports 63, no. 3 (2009): 22.
• Estrin, Saul, Mickiewicz, Tomasz, and Stephan, Ute. “Entrepreneurship, Social Capital, and Institutions: Social and Commercial Entrepreneurship across Nations.(Statistical Data)(Abstract).” Entrepreneurship: Theory and Practice 37, no. 3 (2013): 479.
• Fullerton, Romayne Smith. “It’s Time to Find a New Business Model … Because without Journalism, Our Democratic System Will Fail.” Media (Canadian Association of Journalists) 17, no. 6 (2016): 8-11.
• Gerosa, Andrea, and Tirapani, Alessandro NiccolA2. “The Culture of Entrepreneurship: Creating Your Own Job.(Report).” European View 12, no. 2 (2013): 205-214
• “Germany: EU Monitor: Startups and Their Financing in Europe.” Mena Report, September 30, 2016.
• Grant, Adam. Originals. How Nonconformists Move the World. Penguin Books. Reprint Edition. 2017.
• Hunter, Anna, and Nel, Francois P. “Equipping the Entrepreneurial Journalist: An Exercise in Creative Enterprise.” Journalism and Mass Communication Educator 66, no. 1 (2011): 10-24.
• “Investment Plan for Europe: EIF and KfW Bankengruppe Sign Agreement in Germany to Provide EU1 Billion to startups.” European Union News, September 18, 2015
• Johnson, Steven. Where Good Ideas Come From.The Natural History of Innovation. Riverhead Books, 2011.
• Kelly, Kevin. The Inevitable. Understanding the 12 Technological Forces that will Shape our Future. Penguin Books. Reprint Edition, 2017.
• Maisonnave, Fabiano. “Covering the Waterfront: Despite a Fraught Political and Economic Environment, Entrepreneurial Brazilian Journalists Are Striving to Revitalize Coverage.” Nieman Reports 70, no. 1 (2016): 14.
• McAfee, Andrew, and Erik, Brynjolfsson. Machine, Platform, Crowd: Harnessing our Digital Future. W.W. Norton & Company, 2017.
• Sarasvathy, Saras D., and Venkataraman, Sankaran. “Entrepreneurship as Method: Open Questions for an Entrepreneurial Future.” Entrepreneurship: Theory and Practice 35, no. 1 (2011): 113.
• “Tech Trailblazers Tech Startup Index Highlights Social Media and Promotional Divide between Europe and US Startup Culture.” M2 Communications, July 09, 2014.
• Vega, Tanzina. “New Journalism Degree To Emphasize startups.” New York Times (1923-Current File) (New York, N.Y.), September 20, 2010.

Additional Resources

• Both Sides of the Table^[104] blog on Entrepreneurship Venture Capital and by Mark Suster
• BuzzMachine by Jeff Jarvis^[105] blog on journalism innovation
• Fast Company^[106] section on technology, apps, startups
• Calacanis.com^[107] blog
• PressThink,^[108] a project of the Arthur L. Carter Journalism Institute at New York University written by Jay Rosen
• Revisiting the Unicorn Club. Get to know the newest crowd of billion dollar startups:^[109] All media-related unicorn startups are under the category “Consumer Internet.”
• http://startupeuropeclub.eu/about-us/>Startup Europe^[110] and Startup Europe Map Ecosystem^[111]
• Startup Genome. The Global Startup Ecosystem Report 2017^[112]
• TechCrunch^[113]
• Media Startups | @mediastartups^[114] Twitter account on news about innovation and startups in the media and entertainment industry

Betty Tsakarestou, Ph.D., is assistant professor and head of the advertising and public relations lab at Panteion University, in Athens, Greece. She is co-initiator of Connecting Cities,^[115] an exchange scholar of Study of U.S. Institutes (SUSI) on Journalism and Media at Ohio University (2015), branding officer and European co-liaison of the International Communication Division of The Association for Education in Journalism and Mass Communication (AEJMC) and a Startup Weekend on Entrepreneurial Journalism^[116] organizer. Reach her on Twitter at  @tsakarestou.

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