Myths Aplenty Around European Tech Those working within the European tech ecosystem regularly Those working within the European tech ecosystem Those working within the European tech ecosystem regularly regularly encounter a large number of myths about encounter a large number of myths about what is happening encounter a large number of myths about what is happening what is happening in the region in the region in the region Biggest myth by SOET region Baltics Baltics Biggest myth by SOET region LEGEND DACH LEGEND Lack of Ecosystem DACH France & Benelux Capital Availability Lack of Ecosystem Global Competitiveness France & Benelux Capital Availability Nordics Market Fragmentation Global Competitiveness Rest of Europe Slow Moving Nordics Not Innovative Market Fragmentation Talent Availability Southern Europe Slow Moving Rest of Europe Overly Regulated Not Innovative UK & Ireland Diversity Startup Unfriendly Southern Europe Talent Availability 0 10 20 30 40 50 60 70 80 90 100 Overly Regulated % of respondents UK & Ireland Diversity Startup Unfriendly Source: 0 10 20 30 40 50 60 70 80 90 100 % of respondents Note: Based on respondents that gave explicit responses only Source: Note: Founders and investors are aligned that the biggest Based on respondents that gave explicit responses only myths are the lack of an ecosystem, the level of Founders and investors are aligned that the biggest myths are the lack of an ecosystem, the level of capital Founders and investors are aligned that the biggest myths are the lack of an ecosystem, the level of capital capital availability and its global competitiveness availability and its global competitiveness availability and its global competitiveness Lack of Ecosystem 15% 15% What, in your opinion, is the biggest myth you Lack of Ecosystem 18% 18% What, in your opinion, is the biggest myth you 14% regularly encounter about the state of the Global Competitiveness 12% 14% regularly encounter about the state of the Global Competitiveness European tech ecosystem? 14% 12% European tech ecosystem? Capital Availability 17% Capital Availability 12% 14% LEGEND Market Fragmentation 17% Founder or startup/scale-up employee Slow Moving 11% 12% LEGEND Market Fragmentation Investor Talent Availability 9% Founder or startup/scale-up employee Slow Moving 8% 11% Overly Regulated 9% Investor 4% 9% Talent Availability 8% Not Innovative 8% 13% Diversity 5% 9% Overly Regulated 4% Startup Unfriendly 4% 8% Not Innovative 13% 0 3 5 8 10 13 15 18 20 Diversity 5% % of respondents Startup Unfriendly 4% Source: 0 3 5 8 10 13 15 18 20 % of respondents Note: Founder and investor respondents only. Based on respondents that gave explicit responses only Source: Note: Founder and investor respondents only. Based on respondents that gave explicit responses only 142 In Partnership with & www.thestateofeuropeantech.com
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