London stands apart from other European cities for its unrivalled access to generous investors, affluent consumers and ambitious corporations. With its thriving tech ecosystem and strong financial support, the city can truly compete with Silicon Valley in drawing world-class entrepreneurs.
London has more tech “unicorns” – than any other European city. There are between 3,000 and 5,000 active tech startups in London, with a combined value of £34 billion, making London the fourth largest startup ecosystem in the world. For tech investors in the metropolis, London isn’t just about startups – the inner city alone is home to an estimated 40,000 tech companies.
Austria’s beautiful capital is famous for its history, culture and music and according to recent research Vienna is also currently the prime location for entrepreneurs looking to launch a new business in Europe. Its central location only hours away from any major European city,
combined with low development costs, good universities offering a strong local talent pool and affordable office space, make Vienna incredibly appealing for early-stage startups. With plenty of co-working spaces and accelerators providing the much needed support for entrepreneurs to thrive, Vienna is well on its way to becoming a major European startup hub.
France is the number one tourist destination in the world with millions of visitors flocking to its capital every year. Now Paris’s ambition is to also establish itself as one of the leading startup hubs in the world. The government has played a major role in transforming France into a “startup nation” with a number of different measures including favourable tax rate changes andcreation of a special tech visa, making it easier for the tech sector to import talent.
combined with low development costs, good universities offering a strong local talent pool and affordable office space, make Vienna incredibly appealing for early-stage startups. With plenty of co-working spaces and accelerators providing the much needed support for entrepreneurs to thrive, Vienna is well on its way to becoming a major European startup hub.
Germany has long been acknowledged as a start-up hub all over the world. With its new business models, good funding and infrastructure, many international start-up entrepreneurs find that general conditions for start-ups are indeed excellent in Germany.This is evident in the fact that almost 10% of start-up founders and 22% of their employees come from abroad.
In addition to start-ups for financial and insurance services, latest trends include new companies focusing on real estate (PropTech), green technologies (GreenTech), automotive and nutrition. The thriving numerous accelerators and incubators in Germany are often part of the programs financed by major corporations aiming to help start-ups in their early stages. This is a clear indication of how classic industry is increasingly looking to join forces with start-ups in the digital economy.
Luxembourg is one of the smallest countries in the world and perhaps what it is best known for is also being one of the richest. Not surprisingly, in recent years the startup ecosystem has grown richer as well becoming an attractive investment hub for many startups and innovative companies looking to expand their business in Europe.
The government has played its part too fostering a startup friendly environment, with a recent law enabling entrepreneurs to start a business in just one day. The Ministry of Economy and Foreign Trade also provide financial aid with the ultimate goal of ensuring that these young businesses in the country not only survive but flourish.
Tel Aviv might be of modest size but Israel’s high-tech capital is one of the leading cities in the world for innovation and technology, home to more than 6,000 startups. Tel Aviv’s unique environment creates a platform for startups to flourish and thrive, attracting founders from all over the world to build their companies amidst a sea of top talent, a supportive community, and a great place to live.
Over the course of 2021, Israeli companies raised an astonishing $25.6 billion in private investments, shattering 2020’s previous record of $10.3 billion. In addition, another 33 privately held technology companies joined the billion-dollar club, reaching a total of 53 Israeli unicorns. The number of IPOs also increased shooting up from 22 in 2020 to 57 in 2021, raising an accumulated $4 billion.
Dublin's tech startup ecosystem is one of the fastest-growing in Europe. The city is a major hub for tech giants like Google, Facebook, and LinkedIn, providing a fertile ground for startups. Dublin boasts a robust network of accelerators and incubators, such as NDRC and Dogpatch Labs.
With a startup ecosystem valued at €39 billion, Dublin is home to around 2,250 startups, including several unicorns like Intercom and LetsGetChecked. The city's supportive business environment and favorable tax policies make it an attractive location for both startups and investors
Geneva has emerged as a key player in the biotech sector, leveraging its strategic location and robust support system to foster a dynamic environment for startups. The city's biotech ecosystem includes groundbreaking work in health tech and life sciences, with a focus on advanced therapeutics and medical devices.
Renowned institutions like Campus Biotech provide a collaborative space for research and innovation. Geneva's biotech scene is characterized by significant investments and strong international collaborations, positioning it as a leader in developing cutting-edge solutions to address global health challenges
Milan stands out as a global fashiontech hub, where technology and fashion intersect to create innovative solutions for the industry. The city is home to numerous startups that are revolutionizing how fashion is designed, produced, and consumed. With a vibrant ecosystem supported by leading institutions, Milan's fashiontech scene is thriving.
From smart textiles to sustainable manufacturing processes, Milan's startups are at the forefront of making fashion more eco-friendly and technologically advanced, solidifying the city's reputation as a leader in fashion innovation.