Top 10 European Tech Hubs Competing with Silicon Valley
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A recent study reveals that London City, dubbed Europe’s Silicon Valley, now surpasses Silicon Valley in tech startups. The Cambridge Cluster leads Europe in startup growth and ecosystem value. The UK outpaces other European countries in tech business numbers, startups, and overall ecosystem worth, reinforcing its tech dominance.
A recent study by ZeroBounce ranked major global and European tech hubs. The study looked at several important factors, including innovation, the strength of the business ecosystem, and employment in the tech sector. These factors included things like patent filings and the level of innovation.
The study also considered the number of tech businesses and start-ups, as well as the number of unicorns—private companies worth $1 billion or more. Additionally, the study took into account the value of the ecosystem and employment in the tech industry. The hubs were ranked based on their final scores, with higher scores showing better performance.
Brian Minick, Chief Operating Officer at ZeroBounce, commented on the study:
“The UK continues to lead in European tech innovation. Companies with strong research capabilities paired with entrepreneurial drive deliver real results. The UK’s number of startups is growing continuously, so it’s no surprise to see such an impressive ecosystem value. The UK’s position as a leader in the European tech landscape inspires us all to drive further progress and help shape the future of technology.”
Top 10 European tech hubs
- London is ranked first with a composite score of 80.1. It has the most startups in Europe, with around 19,000, and its ecosystem is worth £111.9 billion. The city is home to 42 unicorns (startups valued at over $1 billion) and has a tech workforce of 1.64 million, making it a major hub for technology and business.
- Paris takes second place with a score of 73.9. It has 8,000 tech businesses and 8,300 startups. Its ecosystem value is £37.1 billion, and Paris ranks sixth in global innovation intensity.
- The Cambridge Cluster comes third with a score of 72.6. This area leads Europe in innovation intensity and ranks second in patent filings, with 6,582 patents. Cambridge also has a high per-capita ecosystem value of £150 billion, marking it as a key tech centre.
- Eindhoven holds fourth place with a score of 67.3. Known as Eindhoven-Brainport, it has 2,561 patent filings and an ecosystem valued at £4.7 billion. Although smaller than Cambridge, Eindhoven remains focused on innovation and technology.
- Munich is in fifth place with a score of 66.9. The city has 7,000 tech businesses, one of the highest numbers in the list, and an ecosystem valued at £42.5 billion.
- Berlin ranks sixth with a score of 66.7. It has 4,300 startups, 19 unicorns, and an ecosystem worth £29 billion. Berlin plays a key role in Europe’s tech market and closely follows Munich in ecosystem value.
- Stockholm is seventh with a score of 65.7. The city has six unicorns and an ecosystem valued at £36.2 billion. Stockholm is well-known for its contributions to fintech and the gaming industry.
- Amsterdam ranks eighth with a score of 65. The city has 4,000 tech businesses, more than Stockholm, and an ecosystem worth £21.2 billion. Amsterdam benefits from its strong business infrastructure and strategic location.
- Barcelona is ninth with a score of 63.5. It has 2,300 startups, two unicorns, and an ecosystem valued at £2 billion. Barcelona’s tech industry is growing, and it employs 135,000 tech workers.
- Dublin rounds out the top ten with a score of 62.6. Also known as Silicon Docks, Dublin stands out with its high ecosystem value of £144.2 billion, especially when compared to its size and number of startups.
For information you can visit: https://www.zerobounce.net/
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