Top 15: Europe’s biggest startup hubs in 2017

4
10713
biggest-startup-hubs

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:

Europe-biggest-startup-hubs

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.

4 COMMENTS

  1. Thomas, somehow I feel that for sure Tallinn and Riga should be there
    Investment numbers and number of startups in both countries but more in Tallinn are very large and in fact I wonder if barcelona or Zurich or Lisbon or even CPH has 400 startups as we do in Tallinn or 250 as we do in Riga, just to confront some numbers
    Based on funderbeam numbers, startup wise guys alone was top5 among Nordic investors and likely number 1 this year *in terms of number of investments
    Of course I am cheering for our regional ecosystem but we are in the map that is for sure

  2. Milan 10 ? “metric is clearly influenced by our editorial work” The justification is not realistic.

    • Thanks for your comment Jonathan. 🙂 Why do you think so? Did you expect Milan to rank higher or lower? Is there a data-driven basis for your assumption?

  3. There is a lot of groth happening in Warsaw currently, like the Google campus or others. We just moved from Berlin and are very excited.

Comments are closed.