Our 2019 Report is live!Read it here
- Contents
- Search
- All
- Saved (0)
Click the star icon to save your favourite articles
- Articles (-)
- Data (-)
Start searching to see results
No results found for
Searching...
Europe has huge upside potential is it succeeds in building active tech communities in all cities where there are large tech talent clusters. This is because there is, perhaps unsurprisingly, a very high correlation (r-squared of 0.914) between the strength of tech community engagement within cities, as defined by the number of tech-related Meetups, and the rate of companies formation.
But not all cities with large engineering talent pools have been able to build vibrant communities where people meet up frequently to exchange ideas and knowledge.
When cities succeed in building active communities around their engineering talent, as measured by the number of tech-related Meetup events hosted per local developer, the data suggests that capital investment follows in larger volumes. The strength of tech community development is a critical leading indicator signposting the future potential of the European tech ecosystem.
There is huge geographic diversity amongst the Top 20 fastest-growing tech hubs in Europe, as measured by the annual growth in attendees to tech-related Meetup events in those cities. Zug in Switzerland, home to a growing crypto community, ranked number one as the fastest-growing community overall.
The number of tech-related Meetup events in Europe continues to hit new highs, although the rate of year-on-year growth is decelerating. In 2018, the level of activity on Meetup alone equates to around 200 events hosted every single day through the year.
Today, if you build a business that’s obsessed with the customer, the capital will come to you.
We've recently done deals with amazing companies in cities as diverse as Marbella to Bristol. Gone are the days where growth capital is limited to the Valley, a fact that Silicon Valley itself now acknowledges: with the majority of VCs based there now planning to invest internationally. Today, if you build a business that’s obsessed with the customer, the capital will come to you.