€19.4 billion in Venture Capital funds were invested into European companies in 20171.
4,200 fast growing ICT startups in the scale-up phase in 45 countries, collectively raised about €47 billion in funding (equal to 0.33% of Europe’s GDP).
Startups are often tech-enabled and combine fast growth, high reliance on innovation of products, processes and financing, focusing on new technological developments, innovative business models, and collaborative platforms.
STARTUP EUROPE IN 2018-20
Startup Europe works in two complementary ways: 7 new projects started in 2018 with the goal to interconnect more than 20 EU hubs and to address more than 3400 startups, more than 150 corporates and more than 400 investors.