{"id":12381,"date":"2022-12-06T15:09:02","date_gmt":"2022-12-06T15:09:02","guid":{"rendered":"http:\/\/TheNextWeb=1392863"},"modified":"2022-12-06T15:09:02","modified_gmt":"2022-12-06T15:09:02","slug":"the-netherlands-startup-scene-is-booming-but-it-still-needs-to-do-more","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=12381","title":{"rendered":"The Netherlands\u2019 startup scene is booming, but it still needs to do more"},"content":{"rendered":"\n

The European startup scene is booming, with the total equity value exceeding $3 trillion<\/a> in 2021 \u2014 the highest number ever recorded.<\/p>\n

Currently, four countries are the major players in the ecosystem: the UK, the Netherlands, Germany, and France, which host nearly two-thirds<\/a> of the continent\u2019s top 1,000 startups and scaleups.<\/p>\n

Among them, Amsterdam has seen explosive growth, with a whopping 53% average year-over-year growth<\/a> since 2011. It has also been ranked as Europe\u2019s second top performing startup hub<\/a> for 2021 \u2014 preceded by London, and followed by Paris and Berlin.<\/p>\n

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Yet, compared to the other countries, the Netherlands is less competitive when it comes to attracting foreign talent and business ideas from outside of Europe.<\/p>\n

Many European governments have launched startup<\/a> visa programs in order to attract the best and brightest talent to their respective countries. In return, they provide an alternative pathway to immigration for non-European citizens.<\/p>\n

The Netherlands introduced a startup visa scheme in 2015 that provides a residence permit to people outside of the EU who are looking to start a company.<\/p>\n

Among the criteria to be met, entrepreneurs need to demonstrate that their product or service is innovative, they have a clear business plan, the support of an approved facilitator<\/a>, and enough resources to reside in the Netherlands.<\/p>\n

Interested founders have one year to create an innovative product or service in the country.<\/p>\n

The one year limit, however, isn\u2019t only restrictive for a business\u2019s development, but also demotivating for an entrepreneur who considers moving their life to another country.<\/p>\n

After the visa\u2019s expiration, foreign startup founders have the option to apply for the residence permit for a self-employed person<\/a> \u2014 which is valid for a maximum of five years \u2014 and following that, they have the option to apply for the Dutch citizenship.<\/p>\n

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<\/i><\/a>Credit: Startup Genome<\/a><\/figcaption>