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The list of companies that have the largest number of alumni who have gone on to become founders of European tech companies is dominated by established tech companies, such as Google and Microsoft, as well as large consulting firms, such as The Boston Consulting Group and Accenture.
European universities are important sources of founder talent, especially the leading technical and business universities. Notably, Harvard and Stanford also feature amongst the top 20 academic institutions with the largest number of alumni who have founded European tech companies.
The biggest reservations that hold back students when considering entrepreneurship are the overall perceived risk, lack of funding, lack of ideas and an inability to find a co-founder to join them on the journey. These concerns are generally felt equally across students of both genders, except for access to funding, which is cited significantly more frequently by female students.
Creator Fund is...building a community where potential founders or people interested in starting a business meet other people like them. They realise that entrepreneurship is viable, and that there will be people to support them.
Entrepreneurship might feel riskier to students because they think they can’t find the funding. Second, students see their friends taking a job at a large corporation or going into a law firm and therefore by comparison it feels risky to break out and start their own thing. I think Creator Fund is changing that by building a community where potential founders or people interested in starting a business meet other people like them. They realise that entrepreneurship is viable, and that there will be people to support them.
The structural imbalance in access to funds for female entrepreneurs is evident in the reservations that female students have when considering entrepreneurship.
If Europe's tech ecosystem is to benefit from an increased number of its next generations of students entering into entrepreneurship, it should explore ways to better educate students about tech entrepreneurship and expose them to relevant, practical experiences from which they can learn.
Each student should think about and use their Edge, what is their competitive advantage against other founders? Particularly if you're technical, this is a must.
It's never been easier for students to start companies both while at university and upon graduating. That said, we still see students focus on small markets and small problems when this needn't be the case. Each student should think about and use their Edge, what is their competitive advantage against other founders? Particularly if you're technical, this is a must.
