Third edition of the State of European Tech

The State of European Tech  is a report from ATOMICO which offers the most comprehensive data-driven picture of European technology today.

Some of the main themes it explores are:

  • Evolving Europe: European entrepreneurs are more confident than ever about the ecosystem and its prospects,  and geographic diversity is driving significant cross-border investment – but economic and political uncertainty across the continent provides a cautionary note. 
  • Talent: Europe’s tech landscape is supported by a strong pipeline of world-class talent, with a growing developer population which is increasingly being tapped by global tech giants; countries are competing to attract the best talent to fuel their local ecosystems, and the battle for talent has never been more heated. 
  • Community: Europe’s tech communities are burgeoning across the continent – it’s now fair to say that every European city is a tech city in 2017, with tech communities becoming more diffuse in more mature markets such as Germany. 
  • Capital Flows: It’s been another record year of investment in European technology, with total capital invested in 2017 set to comfortably exceed 2016’s record levels, with 4x as many unique  investors as in 2012 from all around the world. 
  • Deep Tech: European Deep Tech continues to attract high levels of investment, with particular confidence in the continent’s ability to produce significant companies in AI and crypto; Germany and the UK are seen as most likely to lead the way, but there’s strong confidence in the Deep Tech ecosystem across the whole of Europe. 
  • Corporate: There’s broad consensus that a closer relationship between tech and traditional industries will benefit the ecosystem overall, with trillions of dollars of enterprise capital potentially in play; the cash reserves of European non-tech companies suggests possibilities for significant future acquisitions

 

Barcelona scores highly on the European tech startup scene. The Catalan hub is selected 3rd by European founders as their preferred location to start again, and 4th in terms of capital invested.

 

 

The report also includes figures which show that Europe’s tech industry supports the perception that startups need to forge closer ties, collaboration and partnership with traditional Industry.

 

You can download a PDF copy of the report in here www.stateofeuropeantech.com