There are many startup hubs located across the world from Silicon Valley to Tokyo, and they keep growing in number. But there are many reasons why some cities seem to have a thriving community of start-ups and entrepreneurs ranging from an enabling economic climate, friendly government regulations and policies, ease of doing business and many other factors that come into play.
According to recent reports, European tech startups raised a record 19 billion Euros this year alone, which is an indication that the region is growing to become a huge competitor for startup funding globally. It is safe to say that Europe’s startup community has gone mainstream and is now attracting investors from across the globe. When you consider the successes of companies like Spotify and Skype, then it becomes clear why Europe is fast becoming the startup destination.
The European Union’s Horizon 2020 program plays a major role in reinforcing the confidence of investors by reserving billions worth of incentives and grants for entrepreneurs, innovators, and start-ups.
Before choosing a place in Europe to create your startup, you must do the necessary research to prepare you for success.
One of the most important things that you need to do is to get familiar with the laws and regulations of your country or city of choice. The easiest way to do this is by employing the services of a local lawyer who has experience in setting up businesses in the location of your choice. The European laws guiding setting up startups vary from one country to the other, and that is why you need the services of a global law firm such as Oikonomakislaw.com.
Are you looking to create your startup in Europe? Europe’s thriving tech scene spans across several cities. In this article, we will look at the cities that are great for start-ups.
London
London is certainly the leading startup city in Europe where many startup companies are setting up shop and bringing their innovative ideas from all over the world. If you choose London as your startup destination, you will gain access to a lot of opportunities to raise funds to scale your startup company. The advantage here is that more than 30% of VCs are based in the UK (mostly London), and you will also get the opportunity to share working spaces with other startups. There are many incentives for foreign individuals who want to set up shop in the capital city.
Sweden
Sweden is also a key player in the European startup world and is on the verge of becoming a major competitor for startup funding in the region. Several startup companies are thriving in the country. There are also quite a few startups making moves in the FinTech space. If you are considering Sweden, you will be making a great choice as the government policies tend to favour the growth of startup companies.
Germany
Another leading player in the European startup zone is Germany. The country has seen an increase in funding over the years. There are several reasons why Germany has a growing startup community including ease of doing business, easy procedures of obtaining licenses and international work visa. What this means is that you are less likely to encounter problems that many startups do in some places in Europe.
Berlin is the leading city when it comes to startups in Germany, with its cultural diversity and infrastructure playing a major role in why startup founders are choosing the city. Also, the city has a highly English-speaking population which is a great factor in breaking language barriers.