“I think startups could be given an easier beginning and helped more to bridge the gap from lab to market, to scale up and expand beyond national borders. This mapping tool will be another instrument that can help Europe’s startups and help to build the foundation for our digital future.” Andrus Ansip Vice-President for the Digital Single Market
A brand-new map of EU startup hubs has identified a 174% increase in total investment in EU startups between 2013 and 2014. Research suggests a substantial increase in total funds raised over the 12 month period, from €2.4bn to €6.6b by startups in Berlin, Bucharest, Brussels, Helsinki, London, Madrid, Manchester, Munich, Paris and Stockholm. However, the total number of deals between 2013 and 2014 remained unchanged from the previous year (2013), indicating an increase in average deal size. The research also finds that London leads the way in early-stage contribution, having generated more investment than its closest peers Berlin, Paris and Stockholm combined over the 12 months period. As part of the Digital Single Market Strategy, the Commission wants to create the right legislative, economic and business conditions for EU startups to thrive and grow across borders.
These results come from a study carried out for the European Commission to provide a comprehensive understanding of Europe’s startup ecosystem through a dynamic online mapping platform. Along with consolidating business demographic information such as revenue growth and employee numbers, the platform provides an insight into the founders and funders of startups across major European communities. This will be launched in Bucharest, Brussels, Helsinki, London, Madrid, Manchester, Munich, Paris and Stockholm on Thursday 24th September 2015. European Commission Vice President Andrus Ansip is attending the Brussels event.
Over time, www.startuphubs.eu will track the performance of EU web startups throughout their lifecycle, following changes in investments, internationalisation, profit growth, jobs evolution and other measures to inform future policy and financing decisions. A further 10 cities will be part of the next phase of the project by the end of 2015, with additional cities added in 2016.
www.startuphubs.eu is part of the European Commission’s support to web entrepreneurs in scaling-up their small businesses, the study is being coordinated by leading business and financial adviser Grant Thornton UK LLP, along with business data specialist Trampoline Systems. Launched in 2013, The Startup Europe intiative aims to o strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU. Its objectives are
- to reinforce the links between people, business and associations who build and scale up the startup ecosystem (e.g. the Web Investors Forum, the Accelerator Assembly, the Crowdfunding Network …)
- to inspire entrepreneurs and provide role models (e.g. the Leaders Club and their Startup Manifesto, the Startup Europe Roadshow)
- to celebrate new and innovative startups (with Tech All Stars and Europioneers), help them to expand their business (Startup Europe Partnership, ACE Acceleration Programme), and give them access to funding under Horizon 2020.
ICT startups can access support services such as advice, networking and legal assistance, from EU funded projects on the Startup Europe Club website. Have a look at some great success stories in Europe.
This week, the European Commission is showcasing the best of EU startups and bringing together EU policy makers, the best of the new EU Scaleups and corporations to meet California’s tech stakeholders in Startup Europe comes to Silicon Valley (SEC2SV)
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