current
European Tech Ecosystem Growth
Europe's tech ecosystem has experienced significant growth over the past decade, driven by increased investment, talent, and ambition.
Timeframe
long-term
Categories
Impact areas
Detailed Analysis
The European tech ecosystem has undergone a remarkable transformation in the last ten years. As stated in the report, "Over the decade, Europe’s ability to attract and grow talent, unlock capital and raise our ambition level has been transformed." This is evidenced by a 10x increase in available capital, the development of a world-class talent pool, and a shift in mindset towards entrepreneurship. This growth is further substantiated by a 4.7x increase in the overall number of companies, including a surge in growth-stage firms.
Context Signals
Close to $1 trillion in realized value from IPOs and M&A over the past ten years.
35,000+ early-stage companies in Europe, up from 7,800 in 2015.
European tech workforce stands at 3.5M, with 2.9M joining in the last decade.
Edge
Continued growth will lead to the emergence of more specialized tech hubs across Europe, beyond the established centers.
Increased collaboration between European countries will further strengthen the ecosystem and attract more global investment.
Europe's focus on solving societal challenges, such as sustainability, will attract mission-driven talent and investors.
