EC launches online startup mapping platform

The European Commission has announced the launch of a dynamic new project to map the scale of the startup ecosystem across Europe. Figures included in the map, available at www.startuphubs.eu, reveal a 174 percent increase in total investment in startups located in ten EU cities between 2013 and 2014. According to the research, the total funds raised by startups in Berlin, Bucharest, Brussels, Helsinki, London, Madrid, Manchester, Munich, Paris and Stockholm increased from EUR 2.4 billion to EUR 6.6 billion over the 12-month period. However, the total number of deals between 2013 and 2014 remained unchanged from the previous year, indicating an increase in the average deal size, said the EC. London currently leads the way in early-stage contribution, having generated more investment than Berlin, Paris and Stockholm combined over the 12-month period.

The www.startuphubs.eu platform is designed to track the performance of EU web startups throughout their lifecycle, following changes in investments, internationalisation, profit growth, jobs evolution and other measures to inform future policy and financing decisions. A further ten cities will be added to the next phase of the project by the end of 2015, with further cities to be added in 2016, said the EC.

The mapping project is part of the Startup Europe initiative to strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU.

Source: http://www.telecompaper.com/news/ec-launches-online-startup-mapping-platform–1104390