Nov 30, 2016 Marianne Vikkula
We set out to establish a clear picture of how Europe’s ecosystem has evolved in 2016, and where we need to do more to better support our entrepreneurs and tech talent. With thanks to this year’s data partners – LinkedIn, Meetup, Stack Overflow, Dealroom.co, and the London Stock Exchange amongst others – we’ve identified three major trends underlying the growing influence and success of the European technology industry:
So it’s been a strong year and the outlook is very healthy. We’ve also made significant progress against some of the challenges we set ourselves in 2016 – to produce a $10B company, to ensure investors keep pace with the scale of ambition and technical expertise in frontier technologies like AI, and to weather economic uncertainty.
But, many of the challenges we identified last year remain. How do we bridge our late stage funding gap? How do we unlock more of our potential by building closer links between our disparate hubs? How do we overcome an alarming gender imbalance by attracting more women to become the engineers, entrepreneurs and investors of tomorrow?
The aim of this report is to provide a useful, credible and transparent data-driven look at the European tech ecosystem. Too often, people will take one data point, or a single figure from the latest quarterly capital flow figures and draw a conclusion. We think it is important to look at a number of different factors over time before making assumptions.
2016 has been another record-breaking year for European tech. By celebrating how far we’ve come while also highlighting the barriers in our way, we hope the State of European Tech report 2016 will help focus Europe’s founders, investors, developers and policymakers on the challenges that need to be overcome if we want to continue building the future in Europe.
View our full report and summary magazine below, or download the report as pdf at http://www.atomico.com/state-of-european-tech/2016.
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Read the most comprehensive data-driven analysis of European technology
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