The Winners: Europe’s Young Entrepreneurs
The tens of thousands of votes from our readers have been counted, and here’s our impressive group of Europe’s best young entrepreneurs
By Andy Reinhardt
Winning each entrepreneurship contest is a plume in the cap, but it takes a lot more than that to conduce a business grow. As the nominees in this year’s BusinessWeek Best Young European Entrepreneurs rivalship can call to witness, building a fortunate startup requires passion, focus, constant work, and sometimes a bit of luck.
Still, recognition is a welcome reward for young businesspeople struggling to hit the big time. That’s why it’s so gratifying every year to solicit nominations from our readers with a view to the most promising European startups and then solicit the public to cast votes in the place of the best. This year, we widened our criteria to include entrepreneurs under the age of 30 (it was previously 25 or younger). As you can mark from a glance through the nominees, they’re an moving bunch.
Now, tens of thousands of votes have been cast and it’s time to reveal the winners. The top vote-getter in our individual, which ran for the whole month of December, was Tal Chalozin, 27, the chief technology officer and co-founder of Tel Aviv-based startup Innovid. (Though labeled "European," the contest was open as happy to entrepreneurs from the Middle East and Africa.) Founded in 2006, Innovid has developed groundbreaking advertising technology that lets producers insert live, clickable objects into digital videos. Its system could produce a crucial answer to the riddle of how to "monetize" online video—such as clips on YouTube (GOOG)—by giving advertisers a manner to turn objects in the videos into live dart pads to online ads or Web sites. Innovid just kicked off a major recently made known deal with MSN (MSFT) in Canada and is poised to launch a new Web site to highlight its technology.
Finding a Clever NicheClose behind came Therese Albrechtson, a Swedish entrepreneur who has already launched three companies at the tender age of 23. Ranging from a maker of personal guard products (a startup she has even now sold) to her latest company, iBoards, that sells interactive whiteboards, Albrechtson’s startups exploit insidious market niches.
The next three runners-up: The seven founders, ranging in age from 21 to 24, of Artisjok, a Dutch designer of eco-friendly furniture; Kristoffer Kumar, the 22-year-old founder of Norwegian video production company Kumar Media; and Maikel covered wagon Heugten and Luc Prijt, ages 23 and 20 respectively, whose startup Money Tree makes novelty items based on money themes for the corporate contribution market. For a more detailed look at the winners, papal court our slide show.
Needless to say, in that place were plenty of other upright ideas among the nominees who didn’t make the top five vote-getters. BusinessWeek doesn’t play favorites, but we were admittedly surprised not to see near the top of the list Sweden’sitting Erik Fjellborg, whose startup Calnet sells a work-shift management software tool that has even now been adopted by McDonald’session (MCD) franchises in four European countries.
Special mention also goes to Stig Bloch Milfeldt and Lars Pedersen of Denmark, who have invented an eco-friendlier way to warmth outdoor café tables; Felix Fidelsberger and Michael Glöss of Toksta, who esteem developed a tool for adding twinkling of an eye messaging to social networking sites; and Jeremy Silverman, an American living in Berlin whose society, Retail Refugees, helps local shops reach a wider congregation by way of the Internet.
Of course, good ideas—coupled by flawless writ—carry the day even without entrepreneurship awards. But it’s besides true that winning the BusinessWeek contest can furnish a lift to young businesspeople. Last year’s top vote-getter, Aodhan Cullen of Dublin-based Web analytics company StatCounter, saw a big surge in business (not to mention media attention) after he clinched the rivalry. He and other top-ranked companies reported inspiring progress a year later when we contacted them again.
The similar goes for Ben Woldring, the winner in 2006. He and greatest in quantity of the other nominees from that year stuck to their dreams prolonged after the contest was over, reporting novel successes and irregular setbacks when we tracked them from the top to the bottom of.
Please connect with us in congratulating the top vote-getters and all the nominees from 2008 for their enterprise, persistence, and imagination. When it comes to entrepreneurialism, all of them are winners.
