"Brexit threatens to sever Europe's strongest technology hub from the interconnected European ecosystem of technical talent, investment and expertise," warned last year's report from Tech.eu, online payments company Stripe, and US seed accelerator Techstars, which examined early-stage funding conditions in Europe. Featured stories Galaxy S10 launch: Specs, prices for S10e, Plus, 5G, Galaxy Fold and which model you should buy Those Galaxy S10 prices: Why expensive smartphone upgrades without 5G are just plain dumb The Windows 10 security guide: How to safeguard your business Severe vulnerabilities uncovered in popular password managers The report said investment in early-stage tech companies across Europe grew from around €875m ($992m) invested in the first six months of 2015 to more than €3.6bn ($4.08m) in the first half of 2018. Early-stage companies are defined as those at the beginning of their startup journey, which have raised less than €5m ($5.67m). … [Read more...] about Brexit: Danger signs for UK’s early-stage tech startup investments?
Tech companies have warned that a no-deal Brexit would hurt their businesses and that they are unprepared for its impact. In a survey of 276 member companies by tech industry group techUK, 70 percent said that they believe that a no-deal exit from the European Union (without any ongoing agreement about trade and other cooperation) in March 2019 would have a 'very negative' or 'fairly negative' impact on their business. Only five percent said it would have a 'very positive' or 'fairly positive' impact on their business. The Brexit dilemma: Will London's start-ups stay or go? The tech industry has long warned that a no-deal Brexit would be very harmful because it could cause problems for data flows into and out of Europe, and also make it more difficult to hire sought-after staff from Europe (and for UK staff to work in Europe). Tech companies also have worries about regulation and trade, as well as fears about investment, which may already being realised --venture capital investment … [Read more...] about No-deal Brexit will hurt us and we’re not ready, say tech companies
Tech spending in Europe is expected to hit five percent this year, according to Forrester Research, up 0.9 percentage points on last year.The Nordic countries, especially Sweden, along with Ireland and the UK will see the best growth on the continent at over five percent, while France, Germany, Italy, Spain and the Benelux countries will see a more moderate rise in tech spending, with growth of between one and 3.5 percent.Switzerland and Austria will experience "a lull" in their tech market, according to Forrester, seeing growth of just 1.7 and 2.3 percent respectively. Read this 'It's a graveyard': The software devs leaving Greece for good The economical turmoil affecting the country is luring its tech staff away, and many don't plan to come back. Read More Greece will remain Europe's weakest tech sector, with spending falling by 6.3 percent over 2015.Most Eurozone countries will see tech spending rise by between one and two percent this year, while those non-euro countries … [Read more...] about Europe’s tech spending on the rise: Sweden, Ireland, and UK leading the way
dynamic online mapping platform has been launched by the EU in a bid to track the performance of tech startups in Europe, increase startup activity, and help entrepreneurs scale up businesses. The new initiative is designed to gather data such as revenue growth and employee numbers and provide information about the founders and funders of startups across major European communities. Initially, the mapping platform is covering activity in Bucharest, Brussels, Helsinki, London, Madrid, Manchester, Munich, Paris, and Stockholm, as research showed that investment in those cities' startups increased by 174 percent in 2013 to 2014, with funding rocketing from €2.4bn to €6.6bn ($2.73bn to $7.5bn). The European Commission is working with partners in each city, such as Trampoline Systems in London - a business data specialist which is coordinating the programme along with financial adviser Grant Thornton UK - and NUMA, a tech and innovation hub in central Paris. A further 10 … [Read more...] about So how do Europe’s tech startups rate? This tool aims to show you
Europe's tech sector appears to be suffering a dip in VC interest. Read this Better, harder, faster, stronger: How London's accelerators want to create tech's next big thing A new wave of tech accelerators want to turbo-boost the London tech startup scene: but what do they really offer for small businesses? Read More According to figures from Dow Jones VentureSource, released on Monday, the amount of VC money coming into Europe's IT sector during the third quarter of this year was down 71 percent quarter on quarter. At €131m, IT accounted for 12 percent of all VC money raised in Europe for the quarter, compared to 28 percent for the same quarter a year ago. With 61 deals made, deal flow was down 11 percent quarter on quarter, Dow Jones VentureSource said. The IT industry reflected the general VC climate on the continent: five of the seven sectors the company monitors showed a drop in VC funding over the quarter, with the only exceptions coming from the utilities and … [Read more...] about Europe’s tech startups take funding knock as VC investment tumbles across the board