Charles Armstrong @car0lusTrampoline Systems

Dynamic analysis of Europe’s startup ecosystem

Project objectives

First multi-national analysis based on registry dataRevenue and employment, not just investmentInsight into cross-border expansion patternsSupport with on-the-ground analysis & researchCreate foundation for fine-grained policy tools

Partnership

Grant ThorntonLarge consultancy with specialism in growth business support and policy advisory

TrampolineSpecialist in data analysis and visualisation for business clusters

Tech City Map (2011)techcitymap.com

Cambridge Cluster Map (2012)camclustermap.com

MedCity Map (2015)Medcitymap.com

Startup Hubs Europe: data sources

Registry revenue, employees, address, sector, ageCrunchbase investment, investors, description, URLAngel List investment roundsEuroStat NUTS administrative boundaries

Criteria for inclusion

• Cities include established and emerging hubs• Registry companies with revenue < €20 million• Crunchbase companies that have raised investment• Master dataset broader than “startups”• Users can narrow it via filters

Methodology 1. Acquire registry data2. Filter by NUTS boundaries3. Import Crunchbase data for each city4. Match Crunchbase & registry data5. Filter out companies >€20m unless

present in Crunchbase6. Geocode remaining companies7. Identify companies with subsidiaries

in multiple cities8. Build graph of city-to-city connections

Headlines

826,354 companies across 20 cities€419 billion total revenue (2014)4.52 million total employees (2014)€36.2 billion total investment 2007-17

Top 5 cities

Companies Revenue Employees InvestmentLondon 326,317 €239bn 1.94m €12.7bnBerlin 169,837 €43.3bn 653,682 €4.34bnMunich 94,470 €25.2bn 361,346 €835mRome 88,305 €58.2bn 407,445 €39.5mParis 21,261 No data 128,572 €3.67bn

Network of subsidiaries

Strongest subsidiary links

London Paris Brussels Berlin MunichLondon - 1 0 23 5Paris 1 - 70 19 29Brussels 0 70 - 0 0Berlin 23 19 0 - 3Munich 5 29 0 3 -

City Revenue Employees Sector Formation date Office addressAmsterdam

Athens

Berlin

Brussels

Bucharest

Copenhagen

Dublin

Helsinki

London

Madrid

Malmo

Manchester

Munich

Oslo

Paris

Rome

Stockholm

Tallinn

Vienna

Warsaw

The future

• Extend dataset for pan-European coverage• Core hand-curated dataset to raise data quality• Integrate with other Startup Europe projects• Outputs for policy-makers, investors & founders• Europe needs consistent registry standards

Data platform & report

startuphubs.eu