London holds the crown…
London scores top for its start-ups and scale-ups and according to the European Digital City Index, the capital remains the best city in Europe for digital entrepreneurs because of its access to capital, vibrant entrepreneurial culture and businesses can easily aquire a skilled work force.
The second index compiled by innovation foundation Nesta and the European Digital Forum, includes 28 EU capital cities and 32 digital innovation hubs ranked according to what entrepreneurs said is most important to them.
The ranking reveals an east and west continental divide. Eastern European cities do not feature at all in the top 10, even though they have huge investments being pumped into digital infrastructure.
Chris Haley, head of start-up and new technology research at Nesta, said: “London remains the most attractive European city for digital entrepreneurs in 2016, but Stockholm is snapping at its heels. Government must continue to invest in digital skills and digital infrastructure, as well as addressing the cost of office space, if it is to continue to attract the next Deliveroo or FundingCircle, with many competitor cities in Europe, China and the US working hard to attract young firms. Of course, it also remains to be seen how a ‘hard Brexit’ will impact on the UK’s business allure for digital startups, given that access to markets is also hugely important.”
Top 10 European Cities for Digital Start-ups and Scale-ups: