Europe’s tech scene is rapidly maturing, as evidenced by a steady increase in equity funding in tech startups, an amount reaching €25 billion+ in 2017. The region is also now home to 57 'unicorns', according to a report by GP Bullhound.
Europe’s great diversity – an amalgamation of over 40 countries with their own languages, cultures, and regulations – has created both challenges and advantages for its startup ecosystem(s). On the one hand, language and legal barriers can make it harder for European startups to expand and scale into neighbouring countries. Yet the continent’s diversity also contributes to its creative potential and innovation.
Europe is starting to embrace entrepreneurship and its many strengths – a talented workforce (Europe’s tech workforce increased three-fold in 2017, and is home to more programmers than the US), top academic and research institutions, and increasing government support, with a lot of new investment coming from the EU and state-backed investment banks.
At the Startup OLÉ conference in Salamanca Spain, in collaboration with our partners Axon Partners Group, tech.eu launched an exhaustive report on the current state of European tech. Download it below, free of charge, and enjoy!