It’s time for our annual ranking of Europe’s biggest startup cities. Started in 2011, the previous edition of our ranking was published in June 2016. Let’s see what has changed since then.
In order to come up with the new ranking, we collected the following info and stuffed it into an Excel sheet: a) The top 50 cities in relation to this year’s visits on EU-Startups.com – and the associated number of unique visitors; b) The number of startups registered for each of these European cities on CrunchBase (since the beginning of 2015); c) The number of startups registered on AngelList for each city. After that, we gave each of these numbers specific weights to get the right ratio. Overall, we applied the same algorithm to our list as in the past year. The number of unique visitors per city obviously received the lowest weighting, since this metric is clearly influenced by our editorial work.
Please note, that the resulting ranking isn’t a final judgement about the real importance of each of these cities for the European startup world. It’s more like a mirror of the digital presence of these cities in the English speaking startup universe. And here we are:
Comparing this year’s results with our ranking of 2016, we figured that the first 10 ranks have not changed. Munich, which used to be on rank 12, now made it on rank 11. Helsinki went from rank number 11 to number 12. Vienna, which ranks startup hub no 16, almost made it on rank 15 this year, but in the end Zurich made the race.
Again: Our ranking isn’t meant to be a final judgement about the real importance of each of these cities for the European startup world. Investment activities haven’t been measured either. But we think that the ranking above is a good indicator for current developments and trends regarding startup hubs in Europe.