It was 2010 when I eventually decided that the Mind the Bridge Foundation needed a proper home, as my kitchen, or, for that matter, my Google offices, were not enough to host all the activities we were starting to envision. Our first home was a handful of desks at what used to be known as the “Startup Pirates Cove”, the now-defunct (but never forgotten) Pier 38. Since then, our HQs have shifted several times, often in other San Francisco landmarks such as the One Market or JPMorgan buildings downtown.
The dragon has awakened undoubtedly becoming an innovation powerhouse. China is definitely “the Super” Scaler Ecosystem according to the new SEP Tech Scaleup China Report 2019, presented today at the London Stock Exchange at the 3rd SEP Scaleup Summit organized by Mind the Bridge. The research report produced by Mind the Bridge in partnership with Chinese Zero2IPO Group provides comparable data on startups in China for the very first time. Mind the Bridge used a comparable methodology in alignment with that used for the other startup ecosystems in the world. A Chinese version of this report along with Tech Scaleup Europe Report 2019, launched on Monday 17th June 2019, will be soon distributed in China.
The news is the Scaleup Dragon has definitely awoken. Since 2014 investments in tech scaleup in China has moved by order of magnitude. Though it is not yet at the US levels, China managed to distance Europe consistently pouring in the ecosystem large amounts of capital. The net result is China producing larger tech companies and approaching the US.
If we look at the numbers of the European startup ecosystem we, finally, spotted a sustained growth pattern. The efforts put in place in the last few years to support the startup ecosystems in Europe seem to finally pay off. The number of European scaleups have been growing consistently by 20% year after year on an average (+13% in 2018). This means Europe added about 1,400 new scaleups in 2018.