{"id":15870,"date":"2024-11-06T13:35:00","date_gmt":"2024-11-06T13:35:00","guid":{"rendered":"http:\/\/TheNextWeb=1411228"},"modified":"2024-11-06T13:35:00","modified_gmt":"2024-11-06T13:35:00","slug":"eu-funding-powers-10-of-european-startup-ecosystem-study-finds","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15870","title":{"rendered":"EU funding powers 10% of European startup ecosystem, study finds"},"content":{"rendered":"\n<p>About one in every 10 European startups that have raised VC investment are also backed by an EU grant of equity financing, according to a research project conducted by Dealroom and Dealflow.eu. While the <a href=\"https:\/\/dealroom.co\/eu-innovation-report\" target=\"_blank\" rel=\"nofollow noopener\">full report<\/a> is expected to be published later this year, the authors presented a few preliminary numbers in Warsaw last week.<\/p>\n<p>In financial terms, the 10% share translates into EU-backed startups having raised \u20ac70bn in VC funding since 2010, or some 11% of total funding in Europe (which in this case includes the EU, Switzerland, Norway, UK, and Israel). With some \u20ac400bn in total enterprise value (that\u2019s not including Arm), they now account for 13% of enterprise value for the entire continent.<\/p>\n<p>Predictably, most EU-backed startups work in what the report calls physical tech, i.e. producing tangible goods in the verticals such as spacetech, semiconductors, biotech, etc. In these industries, the share of EU-backed startups ranges from 24% to 28%.<\/p>\n<p>It also appears from the report\u2019s preliminary findings that EU backing improves the probability of success in further funding rounds. From Series A to Series D, EU-funded physical tech startups show a \u2018graduation rate\u2019 that\u2019s 1-3 pp. higher than for the rest of the industry.<\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\" readability=\"0\"><a href=\"https:\/\/thenextweb.com\/conference\/the-soonicorn-summit?utm_campaign=The%20Soonicorn%20Summit%202024&amp;utm_source=Display&amp;utm_medium=Media%20in-article\" data-event-category=\"Article\" data-event-action=\"In Article Block\" data-event-label=\"Calling all Scaleup founders! Join the Soonicorn Summit on November 28 in Amsterdam.\" target=\"_blank\" readability=\"7\" rel=\"noopener\"><\/p>\n<p class=\"ica-text__title\">Calling all Scaleup founders! Join the Soonicorn Summit on November 28 in Amsterdam.<\/p>\n<p>Meet with the leaders of Picnic, Miro, Carbon Equity and more during this exclusive event dedicated to Scaleup Founders!<\/p>\n<p><\/a><\/div>\n<\/div>\n<p><figure class=\"post-image post-mediaBleed alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1411229 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/11\/marcin01-Large.jpeg\" alt width=\"1280\" height=\"854\"><figcaption>Credit: Dealroom<\/figcaption><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1411229\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/11\/marcin01-Large.jpeg\" alt width=\"1280\" height=\"854\"><\/noscript><\/figure>\n<\/p>\n<p>Speaking on the topic of fragmentation of the European tech ecosystem at the presentation event, Marcin Hejka, co-founder and general partner at OTB Ventures, noted that the issue is not necessarily about regulation or the internal market size.<\/p>\n<p>\u201cThe problem is on the technology consumption level,\u201d he said. \u201cEurope as a continent is a late adopter, especially on the enterprise side. [\u2026] But when there is willingness [at a corporate] to buy from a startup, they\u2019re looking for startups from their own countries \u2014 and that\u2019s a problem.<\/p>\n<p>\u201cIf you\u2019re a German startup, you\u2019re pretty okay selling to German enterprises. But if you\u2019re a startup from Romania or from Slovakia, or any other [smaller] country, it\u2019s going to be an uphill effort.\u201d<\/p>\n<p>Theoretically, EU funding mechanisms should be solving this issue among others, however, most EU-backed startups are still based in Western Europe, with France, Germany, and the UK topping the rankings.<\/p>\n<p>The full report will be available in December \u2014 you can <a href=\"https:\/\/dealroom.co\/eu-innovation-report\" target=\"_blank\" rel=\"nofollow noopener\">pre-download it now<\/a>.<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/eu-funding-dealroom-report\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>About one in every 10 European startups that have raised VC investment are also backed by an EU grant of equity financing, according to a research project conducted by Dealroom and Dealflow.eu&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":15871,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15870"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15870"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15871"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}