EU funding powers 10% of European startup ecosystem, study finds

Quick Summary:

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 full report is expected to be published later this year, the authors presented a few preliminary numbers in Warsaw last week.

In financial terms, the 10% share translates into EU-backed startups having raised €70bn 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).

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Article Details

Author / Journalist: Andrii Degeler

Category: Technology

Markets: NetherlandsFranceGermanyIsraelNorwayOmanRomaniaSlovakiaSwitzerland

Topics: Next Featured Ecosystems Europe Investors and funding Government and policy Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 13:35:00 (13 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Next Web

News ID: 23448349

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