The Spanish ecosystem ranks 5th in Europe in terms of the number of scaleups, and 6th in the capital raised. As a consolation prize, it ranks first among the Southern European countries.
The gap with the UK, France, and Germany is simply too broad to be bridged. But the preliminary numbers of 2018 shows that Spain is also going slower than the most immediate comparables, Switzerland and Sweden. In particular regarding the capital invested where Spain is still lagging behind the most advanced ecosystems.
What’s needed to make a substantial step forward?
In our constant quest of bridging the world of traditional industries with the magic of innovative startups, this week we take a deep-dive in the complex world of CPG (Consumer Packaged Goods) and Retail. While this is a world where innovation is (for the most part) incremental and the tsunami looks still as a harmless […]
During the 2018 edition of SEC2SV European Innovation Day, we organized a Workshop on GDPR/Data Privacy.
48 participants from the US and Europe joined a three-hour hands-on session to share experience and develop a common understanding in two interrelated areas: where we are in global privacy regulation and what technology companies can do to respond to the growing awareness for data protection as well as to the diverging legislative approaches from regulators in Europe, the United States and other markets.
Our research shows that 67% of the European scaleups are located around one or maximum two cities per country. That means that the innovation economy in Europe is heavily concentrated in about 50 main hubs, while all the other cities and municipalities – that have been the backbone of the European economy traditionally – face the risk to be increasingly marginalized.
Italy moves too slow and it needs to accelerate significantly.
This was the main diagnosis emerging from our last year report.
One year later, the scenario has not changed. Italy still ranks 11th in the European Scaleup Europe ranking. And the gap from the top has become even wider. Moving slow in the world of technology equates at not moving at all. And, if you are late, it is difficult to catch up with the opponents that are ahead of you if you don’t start running.
As established companies look to remain competitive and extend their life cycle, acquisition becomes a more viable and attractive strategy. Not the only one1, but surely the fastest route in a world when time is the most valuable resource. M&A deals are a boon for startups as well. No exit, no party, as we’re used to saying. While launching a thriving self-supporting business is still the end-goal for any startup, a buyout from a large company can render that problem irrelevant—or at least less urgent. And return the capital to investors, hopefully with a decent multiplier, thus, M&As are a key component of the startup economy.
Europe is a major actor in Silicon Valley. More than any other region in the world, Europe enjoys strong ties to the Bay Area through people, capital, and business. This report serves as our effort to combine the various research we have done working in and around the European Innovation ecosystem in Silicon Valley in each of its facets, i.e. corporates, startups, investors and institutions. Our data show that Europe plays a strong role in Silicon Valley.