ACE Company Spotlight: INVEA-Tech

INVEA-TECH, an ACE Company incubated by partner JIC – South Moravian Innovation Centre  is an international vendor (manufacturer & producer) of network and security solutions specialized in flow monitoring (NetFlow/IPFIX), Network Behavior Analysis (NBA), FPGA acceleration, IP Data Retention and IP Lawful Interception. INVEA-TECH already operates worldwide through its channels and it’s still growing.

INVEA-TECH Team, photo credits: invea-tech

Now, if you didn’t understand any of those words, here is simple explanation: INVEA-TECH develops and markets comprehensive network solutions. Still not enough? Watch one of their webinars and learn more about their activities.

If the tech talk isn’t for you, what you really need to know is that INVEA-TECH is a fine example of a hi-tech spin-off with a robust background from academia. With no extra seed funding the company keeps on growing steadily for several years. They are the leader in the flow monitoring & NBA market which is considered by Gartner as the next generation network security trend. INVEA represents the new generation of cybersecurity companies that follow the success of the likes of AVG, AVAST and ESET which scored in the field of antivirus solutions. Solutions offered by INVEA go several steps further monitoring network behaviour and not only the actual infection and intrusion.

In 2007 workers at Masaryk University got together with workers from the Brno University of Technology and CESNET to form INVEA-TECH as a spin-off. Today they are responsible for monitoring more than a third of the internet in the Czech Republic and offer network solutions all over the world to customers like T-Mobile, Siemens or Raiffeisen Bank. Their FlowMon system was commended at the CeBIT fair in Hannover twice. In 2013 INVEA-TECH was recognized among Deloitte CE Technology Fast 50 as one of the 50 fastest growing tech companies in Central Europe.

INVEA-TECH with its headquarters located in Brno, Czech Republic, is deeply connected to the South Moravian Innovation Centre – participating in professional workshops such as ‘120 Seconds’ networking, helping them to find business partners. "We appreciate the opportunities for networking activities and professional consultation at the JIC,” says Jiří Tobola, Business Director of INVEA-TECH. INVEA is a company completely set up by developers and tech guys.

Their ACE Experience

INVEA-TECH was introduced to the ACE Programme by recommendation of the South Moravian Innovation Centre. Since then, they have participated in the ACE Summit and recently signed agreement with ACE Partner bwcon, on support provided for participation in a major IT security expo.

Thanks to ACE project, INVEA-TECH will have an opportunity to prepare well in advance for one of the most important IT security exhibition in the world it-sa that will be held 7 – 9 October 2014 in Exhibition Centre Nuremberg, Germany. They will be provided with support in marketing, PR activities and arrangement of meetings with potential business partners from DACH region.

In the words of  Rostislav Vocilka, CEO: "under ACE we would like to build an effective marketing strategy that would show our potential customers in Germany how they can effectively protect their company´s networks with us. After the NSA espionage leaks the benefit of having a network behaviour analysis and monitoring tool from a company based in Europe is a strategic advantage and we would like ACE to help us to market this unique value proposition especially in Germany".

 

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PRESS RELEASE - Guess what? ACE is back! Apply now!

Apply until 25th January 2015!

In its first year of activity the ACE Acceleration programme has already provided intensive one-to-one support to 80+ ICT start-ups and SMEs across Europe ensuring they rapidly gain entry and grow into international markets. You can read about some of these companies here. Due to its initial success, ACE is now launching a second call for applications aiming at selecting the last TOP 50 ICT start-ups and SMEs in Europe.

The process to apply is simple: log on to the ACE website, follow the F6S link and fill in your application. The call is open until 25th January 2015 so hurry up and get your perfect Christmas gift: a chance to accelerate and test your business in a foreign market.

So, do you think you have what it takes to grow your ICT business internationally? Can you convince investors to finance your innovative ideas? If you answered yes, then what you are waiting for – submit your entry to the second ACE competition and find out if you’re up there with the best of ICT start-ups in Europe! Don’t miss this opportunity to benefit from targeted coaching and tailored advice with a specially assigned experienced mentor, living lab validation, office space abroad, pitching events, investment readiness training, business development support and hands-on assistance in finding partners and clients in your target market.

You know the drill: all you have to do is show us you have a highly innovative solution and a strong support team. Then, as an ACE selected company, you will be assigned an experienced mentor in your own (or nearest ACE partner) country. You do not need to be based in one of our partner countries – we accept applications from all Europe! Your assigned mentor will analyse your strengths and weaknesses, develop an individual internationalisation action plan with you and put a support team and package of services in place for you, with support from ACE partners in other markets.

In 2014 we held a major ACE Summit in Brussels, bringing together the first round ACE selected companies with investors and mentors. Guess what? Next March we’ll do it again joining the new TOP 50 and the previous ones as well! Get your application in and do not miss out on this chance to grow internationally.

If you have any further questions about your application you can contact one of our local ACE Partners in 12 different countries or just drop us a question @EU_ACEon Twitter. Don’t miss out on this unique opportunity to kick-start your innovative business ideas!

 

Background

Launched in September 2013 and funded by the Seventh Framework Programme of the EU, ACE is a two-year project involving 15 partners (leading incubators, clusters, living labs and accelerators) from 12 European countries. In its first year of activity the ACE programme has already provided intensive one-to-one support to 87 ICT start-ups and SMEs across Europe to ensure that they rapidly gain entry and grow into international markets. Read about some of these companies here. The second ACE call for candidates is open until 25 January 2015.  

For more information about ACE please visit www.europeanace.eu or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Note to mentors and investors

If you are interested in joining the ACE support network please contact Margaret Mulligan (This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it.) for further information.

 

About EBN

ACE is coordinated by the European Business and Innovation Centre Network (EBN). An international non‑profit association created in 1984 to co-ordinate the activities of EC Business & Innovation Centres (BICs), at present EBN has over 240 members, including 155 BICs and 75 associate members in the 28 EU member states and in 11 other countries (Central and Eastern Europe, Turkey, Canada, USA, Egypt, China…). Over the last three decades, EBN has become a reference point in Europe on innovation, spin-off, incubation, entrepreneurship, SMEs, and regional economic development.

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15 ACE Companies at Silicon Stroll Bootcamp 3-4 Nov Dublin

15 companies from ACE, have been selected as the "most investable" start-ups to join the Silicon Stroll Bootcamp in Dublin! Four Partners (DublinBICTechnoportMETA Group & IPN) will be providing mentoring and investment readiness training to the companies.

The ACE Companies participating at the Silicon Stroll Bootcamp are:

Company

Country

Vivocha

Italy

Innopinion

Finland

Inside Visions

Portugal

Smarterkey Ltd

UK

Every1 (Recipay)

Luxembourg

Ignidata

Portugal

PingPal

Belgium

Tribe (Dramagame)

Finland

Allsquare

Luxembourg

Huggity

Ireland

Coindrum

Ireland

Bankhawk

Ireland

Heystaks

Ireland

Xintec

Ireland

Sidetrip24

Germany

 

At the Silicon Stroll Bootcamp the ACE companies will have the opportunity to:

• Take part in the Silicon Stroll through the offices of tech giants Google, PayPal and others 
• Benefi t from exclusive one2one sessions with some of the world’s top tier ICT corporations 
• Present to a panel of international investors 
• Learn to win in head-to-head pitching battles 
• Network with investors, entrepreneurs and business organisations 
• Attend the celebrated awards ceremony at Heidelberg’s Innovation Forum in April 2015 

The Silicon Stroll Bootcamp is supported by the Dublin Web Summit, Google, PayPal and Entreprise Island. Download the Flyer.

 

European investor gate                      

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ACE: One Year After

One year into the Programme there are a lot of results emerging from the ACE Project. Following the programme launch and the open call for candidates, the project is in full swing. To date, 75 companies from across Europe are being supported in gaining access to new European markets by mentors from 12 of Europe’s leading incubators. 

Programme Launch

Launched in September 2013, ACE is a tailor-made acceleration programme – the ACE programme - to deliver targeted cross-border services to highly innovative ICT entrepreneurs, start-ups and SMEs with the potential to rapidly grow their businesses in international markets. Coordinated by the pan-European network of EU Business and Innovation Centres (BICs), EBN, ACE involves 15 partners (leading incubators, clusters, living labs and accelerators) from 11 European countries - UK, Ireland, Belgium, Luxembourg, France, Germany, Italy, Portugal, Finland, Sweden, Czech Republic).

Support to companies includes, among other services: hands-on assistance in finding partners and clients; living lab validation in other countries; office space; introductions to investors, and; coaching on pitching for transnational investment.

ACE is Selecting!

The ACE call for candidates was opened in December 2013 with the first cut off at 28 February 2014 through the F6S platform. This first round gathered 275+ applications from start-ups and SMEs across Europe, 75 of which are now midway through their tailor-made ACE Programme. The selection process was carried out by the ACE partners, who assessed companies’ innovativeness, international growth potential and motivation and capacity to participate in the programme.

In March 2014, selected companies were assigned an experienced mentor in their own (or nearest ACE partner) country. This ‘local’ mentor analysed their internationalisation strengths and weaknesses, developed an individual internationalisation action plan and designed an internationalisation support team and package of support measures with ACE partners in the companies’ target markets.

ACE Summit

On 29 April 2014, ACE companies, mentors, investors and other potential partners converged at the ACE Summit in Brussels. Attended by over 400 participants, the Summit was the first occasion for the ACE companies, mentors and investors to meet each other and discuss how to work together to take their businesses global.

At the ACE summit, the companies had the opportunity to complete investor readiness training and pitch directly to a panel of cross border investors.  One-to-one meetings were organised for each company in advance with mentors from other countries who provided practical advice on entering new markets from introductions to potential clients to ‘soft landing’ supports. 

Internationalisation Action Plans

Following the meetings at the ACE Summit in Brussels, the mentors worked closely with the companies to elaborate their Internationalisation Action Plans. The customised internationalisation support programmes discussed and agreed upon so far include the implementation of some 300 individual support measures on the ground.

The measures implemented are customised for each participating company to address their specific internationalisation goals and challenges, as identified by the participants with the support of their local mentors. Keeping in mind the target audience of early stage ICT companies and their fast-evolving needs and priorities, the programme runs as a flexible and open support scheme.

Next steps

Today the ACE programme is focused on delivering the targeted support to companies already selected. Some spaces remain so if your company is interested in participating please emailThis email address is being protected from spambots. You need JavaScript enabled to view it. or contact your nearest ACE partner.

The autumn and winter will see the roll-out of a calendar of cross-border investment events organised in partnership with the ACE sister initiative European Investor Gate (EIG) such as: investment readiness training, e-pitches and collaboration with other initiatives to bring ACE companies closer to access to finance and investment. Stay tuned to hear more about our companies’ progress. Read some of our success stories here and stay up to date on our partners’ and companies’ activities through our Twitter feed. 

ACE is funded under Seventh Framework Programme for research, technological  development and demonstration. 

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